In an increasingly competitive financial landscape where high-net-worth clients demand more than just investment advice, Flagstar Private Bank is embarking on an ambitious 18-month transformation designed to fundamentally reshape its wealth management division. The bank, which oversees a
German stock exchange operator Deutsche Börse Group has initiated a significant move that could reshape the European wealthtech landscape, confirming it is now in exclusive discussions to acquire the B2B platform Allfunds. The non-binding offer proposes a price of €8.80 per share, placing the total
The long-held narrative of agile fintech start-ups locked in a David-and-Goliath battle against incumbent financial institutions has officially given way to a new era defined by strategic collaboration. The financial industry is rapidly moving beyond the “us vs. them” mentality, recognizing that
Imagine a financial landscape where a smartphone app could challenge the centuries-old dominance of brick-and-mortar banks, reshaping how millions manage their money. This isn’t a distant dream but the current reality with fintech giant Chime, a San Francisco-based company at a critical juncture.
A crowded ballroom leaned in as executives described a split that sounded as much like a market reset as a corporate transaction, a two-track move that would cleave technology from charter while binding the halves with a seven-year commercial spine. The announcement drew attention not just for the
Europe’s small businesses have long juggled a maze of banking portals, accounting tools, payroll systems, and tax apps that rarely talk to each other despite sharing the same numbers and deadlines across every month and quarter. Now a French cloud and AI player, Cegid, is moving to acquire Shine,
