additiv, a leading SaaS provider to the wealth management industry, today launches an industry first: a rapid, risk-free route to digital wealth management. 

The KickStarter ^TM solution comes at a time when the industry needs it most. Digitization has been gradually impacting the wealth management industry, but as a result of the current pandemic, the speed of change has suddenly accelerated. Customers are demanding the best possible digital experience at the same time as the industry needs to reduce costs.

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced today that it has come to terms with Charles Schwab on a financial data access agreement. This will aid in providing the framework for the financial services company’s clients to more securely and effectively allow access to, and use their personal financial information, with selected services designed to manage their financial wellness.

Data and analytics are central to how modern organisations and governments take decisions and execute plans. Online retailers, companies, governments and tech giants are investing millions in ramping up their ability to collect and analyse data. 

In these unprecedented times, when companies are struggling to adapt, it becomes all the more important to use data-driven models for decision-making. 

Banco Santander today announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to seamlessly and quickly send money abroad from their smartphone with low costs, bank-level security and customer support via in-app chat, web and e-mail. In light of the ongoing coronavirus pandemic,PagoFX will allow customersto use the service to transfer money abroad without any fees at all for the next two months.

Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular security platform and cybersecurity business unit from S21sec, a leading European managed security services player. S21sec is part of Sonae IM’s portfolio, a corporate venture capital firm investing in cybersecurity, retail and telecommunications technology companies.

Asset Control, the leading provider of proven, cloud-based data management for financial data analytics and data quality, is pleased to announce that it has hired Daniel Kennedy as its new Head of Sales (Asia Pacific) to accelerate growth in the region.

Prior to joining Asset Control, Daniel served as VP – Head of Sales – Global Trading, Buyside & Post Trade at FIS. Daniel led the commercial team responsible for FIS' buyside and sellside solutions business across South East Asia and Australia. Kennedy will be based in Asset Control’s Singapore office.  

As financial portfolios become more complex, financial trusts are becoming increasingly common, because they can be shaped to serve a variety of purposes. Trusts are routinely used as tools for gifting, asset management, inheritance tax planning and protection from creditors. They can be established whilst those involved are living, or can be included in a will to be established after death. But what happens in divorce?

Due to provisions in the recently enacted CARES Act, financial services organizations are facing an unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures, which are often manual and time consuming.