Banking
Goldman Sachs sells Marcus Invest’s digital investing accounts to Betterment
Deal Overview:Goldman Sachs is selling its digital investment advisory unit, Marcus Invest, to robo-advisor Betterment.
The agreement involves transferring the unit's digital...
AI
Metrobank in the Philippines taps Temenos for its wealth management tech
Metropolitan Bank and Trust Company (Metrobank), based in the Philippines, has partnered with Swiss banking solutions vendor Temenos to implement its private wealth...
Banking
Singapore’s Grab pulls the plug on investment services citing non-viability
Singapore's super-app Grab is discontinuing its retail investment products, GrabInvest, as they are considered financially unviable.
FactsGrab is winding down its retail investment products,...
Banking
Geely Group buys out Saxo Bank stake in joint fintech venture
Denmark's Saxo Bank has completed the sale of its stake in Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Group, an automotive company...
Banking
OTPP snaps up Caledonia Investments’ majority stake in wealth management firm 7IM for £255m
Caledonia Investments has sold its majority stake in Seven Investment Management (7IM) to Ontario Teachers’ Pension Plan (OTPP) for £255 million, pending Financial Conduct...
Banking
Deutsche Bank reportedly makes contact with digital investment fintech Scalable Capital
Deutsche Bank is in early-stage talks with Scalable Capital, a digital investment and broker platform, for a potential investment or partnership deal.
FactsDeutsche Bank...
Banking
Digital banking tech provider Backbase acquires wealthtech Nucoro
Digital banking tech provider Backbase has acquired UK-based digital wealth platform Nucoro for an undisclosed amount. Backbase plans to integrate Nucoro's offerings into its...
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