Sunday, February 26, 2017

RBS to become FinTech fund for challenger banks

The UK Government is proposing a package of measures worth £750m which would transform state-owned RBS into a gateway for challenger banks. Read more: www.finextra.com

Robo-advisor ‘Chloe’ launches in Japan

Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-advisory service targeting the millennial generation. Read more: www.finextra.com

Banks buy in to benefits of boosting financial well-being

FinTech startups are setting new standards for customer control and experience, forcing high street banks to up their game. Read more: www.finextra.com

NatWest to roll out digital investment service

Customers can invest from as little as £500 and choose the fund that they feel best suits their needs and the level of risk they wish to take. Read more: www.finextra.com

WEALTH racks up $705,000 for wealth services marketplace

Wealth services marketplace WEALTH has picked up $705,000 in a seed funding round. Vulpes Investment Company and Privé Holdings led the investment. Read more: www.fintechroundup.com

Sberbank launches machine learning-based assistant

Russia's Sberbank has introduced an online personal assistant that uses machine learning to provide customers with useful advice. Read more: www.finextra.com

Merrill’s new robo advisor is out in the wild

The service that combines the online brokerage with advice from Merrill Lynch and US Trust was first announced in the fall. Read more: www.wealthmanagement.com

ImaginBank launches chatbot for millennials

CaixaBank mobile-only bank, imaginBank, has unveiled a chatbot to help millennials find offers and promotions. Read more: www.bankingtech.com

BBVA bullish on Simple’s growth despite $60m writedown

BVA Compass, the US subsidiary of the Spanish banking giant BBVA, purchased the neobank Simple almost three years ago for $117 million. Read more: bankinnovation.net

SoFi buys Zenbanx to launch banking product

SoFi is expanding into banking with the acquisition of mobile-banking startup Zenbanx. The company will pay around $100m for the startup. Read more: www.fintechroundup.com