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WealthTech Weekly: November 18, 2022

Welcome to the news highlights of this week.

What’s going on:

- Addepar opens a new office in the UK

- WhiteSight reveals BlackRock's significance for the Wealthtech sector

- Freetrade strengthens its engineering core with senior hires

- Thomson Reuters acquires SurePrep

- Ireland is turning into the world’s major payments powerhouse

- Recent research reveals a winning strategy for Wealthtechs

-Let’s add some detail.

Big names, new names

Addepar, one of the leading U.S. Wealthtechs, reinforces its presence in the U.K. A year since the opening of the new office in Edinburgh, the company is welcoming its employees in London. 

The expansion aims to address the growing demand for top-class wealth management services in the turbulent economic setting. 

Read more here

BlackRock has been driving growth across key Fintech sectors, particularly Wealthtech. New research from WhiteSight reveals that the giant's contributions to the development of companies like iCapital and eFront were critical to the sector's expansion.

Read more here

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One of the UK's heavyweight retail brokers, Freetrade, welcomes Shahid Naveed as CTO. The new appointment is part of the firm's current enhancements to its engineering team, which could help it further up the charts. 

Read more here

 

Thomson Reuters has inked an agreement to acquire SurePrep, a leader in tax automation software. The $500m deal will solidify the companies' partnership and streamline tax reporting at Thomson Reuters.

One of the biggest moves in the compliance segment this year, this acquisition is a milestone in advance of tax automation. 

Read more here

Bigger picture

Ireland is on its way to becoming a global payments hub, and Wealthtech might be the next area of its investment boost. Learn what makes the country uniquely positioned for a significant uplift. 

Read more here

Continuous scanning of the job market for talent can help Wealthtechs gain a competitive edge amid the economic slumps. Find out how to apply this approach and what sport has to do with it. 

Read more here

Up for reading materials on Wealthtech that are not news? Check out more articles below.

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  • We assemble dedicated teams for Fintech projects and manage them long-term. 
  • A thorough understanding of financial concepts helps our developers build best-in-class gear. 
  • By fostering a culture of financial literacy across the company, we make our team grow professionally and improve their financial well-being. 

Fact: our expertise saves you at least 25% of the time compared to teams inexperienced in the business domain area. Contact Vasyl Soloshchuk or schedule a call with one of our tech experts to learn more. See you on the innovation side!

 

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