UBS has agreed to buy automated wealth management provide Weathfront for an all-cash price of $1.4 billion, the companies confirmed this week, In a statement, UBS said it will use the acquisition to expand its presence in the United States, including to more affluent investors…. Read More
Read more in: Fintech, Global | Tagged David Fortunato, digital wealth management, ralph hamers, ubs, wealthfront
Ralph Hamers, CEO at UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, has noted that innovation and collaboration haven’t really been the norm for many traditional financial institutions. Hamers, whose… Read More
Read more in: Fintech, Global, Opinion, Strategy | Tagged cyberattacks, cybersecurity, financial services, herbert scheidt, online security, ralph hamers, ubs, vontobel
Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More
Read more in: Asia, General News, Global | Tagged china, kabbage, khazanah nasional berhad, lending, malaysia, marketplace lending, ralph hamers, sequoia capital, tom group, welab
True to its name, Kabbage is growing and growing, partnering now with ING. Last week, Kabbage announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Kabbage Inc., a leading technology and data platform powering automated lending, and ING, a leading… Read More
Read more in: General News, Global, Investment Platforms and Marketplaces | Tagged alternative finance, fintech, ing, marketplace lending, p2p lending, ralph hamers, rob frohwein, spain
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