DeVere CEO sells remaining STM stake to focus on fintech
The founder and chief executive of the deVere Group, Nigel Green, has sold his remaining 2% stake in the specialist Qrops provider STM Group.
Fintech
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Bahrain to lure fintech startups with regulatory sandbox
The Central Bank of Bahrain (CBB) is to create a regulatory sandbox so that startups and fintech firms can test their ideas and solutions and strengthen the Gulf state’s position as a regional fintech and financial services hub.
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Human-robo combo has greatest chance of success
A combination of human and robo could be the answer for underserved Asian investors seeking low-cost technology-driven financial advice, a market that pure robo-advice providers have found hard to crack.
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Hargreaves Lansdown adds bitcoin tracker to platform
Hargreaves Lansdown, which operates the UK’s biggest online trading platform, is to allow clients to invest in a dedicated bitcoin Exchange Traded Note (ETN) through its SIPP and brokerage services.
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SJP unveils ‘smarter cash’ management platform
St James’s Place has partnered with London fintech group Flagstone to offer clients a new online cash management platform.
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UK and Hong Kong regulators sign fintech agreement
The Financial Conduct Authority has entered into a co-operation agreement with Hong Kong’s Securities and Futures Commission (SFC) to support innovation in fintech.
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CFA exam to include fintech topics
The Chartered Financial Analyst (CFA) exam is to be updated to include topics such as big data, artificial intelligence and robo-advice.
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DeVere Group launches new banking app deVere Vault
DeVere Group has launched a new banking app to coincide with its recently-unveiled plans for an investment bank on the offshore jurisdiction of Mauritius.
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Sanlam to launch artificial intelligence investment service
The Sanlam’s Group’s investment arm is to partner with a financial technology specialist to launch an investment service that uses artificial intelligence and machine learning to deliver targeted returns with the lowest risk of loss.
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HK rolls out internship programme in latest fintech push
The Hong Kong Monetary Authority and the Technology Research Institute have rolled out a programme that provides fintech internships for undergraduate and postgraduate students, as part of its latest move to become Asia’s leading fintech hub.
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Australia offers fintech licensing exemption
Fintech firms will be able to test certain services in Australia without holding a financial services or credit licence under a “unique” exemption offered by the Australian Securities and Investments Commission (Asic).
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UK and Hong Kong regulators agree fintech cooperation
The Hong Kong Monetary Authority (HKMA) and the UK’s Financial Conduct Authority (FCA) are to “foster collaboration between the two regulatory authorities in promoting financial innovation”.