Technology

Wealth management group Saint James Place (SJP) has taken steps to become the first financial services provider to roll out industry-leading Virtual Reality (VR) technology for training and role-playing across the business.

The Bank of England has announced that they have lost 161 electronic devices between September 2018 and August 2021, with A total of 25 devices being lost or stolen in 2021 alone.

Client demands and the delivery of financial advisory and services have radically changed during the pandemic, meaning further embracing of digital technology.

Fintech group SIX has launched a new tool providing client advisers and portfolio managers with tax classifications on individual securities.

Swiss platform ZWEI Wealth has signed its first family office contract, it announced this week.

The majority (83 percent) of Gen Z investors say social media has influenced their investment decisions.

LGT Vestra has partnered with online investment service Wealthify.

PAM Award-winning firm Omba Advisory & Investments has selected Multrees Investors Services as its custody and white labelled platform provider, serving its family office, high net worth and retail clients.

The confiscation of £180m of cryptocurrency assets in July 2021 by the Metropolitan Police, as part of a wide-ranging investigation into international money laundering, has set a new record for the value of a single cryptocurrency seizure. The fact that the previous record of £114m stood for less than a month reflects the widespread use of cryptocurrencies to shelter illicit assets, and the increased focus of law enforcement on this new branch of digital criminality.

A roundup of the latest wealthtech stories...