WealthTech Weekly July 8, 2022

Welcome to the news highlights of the week. Sadly, this will be our last dispatch at WealthTech Club. However, we don’t say goodbye — you can follow us on our new publishing spot. To keep in touch with our updates, sign up for our weekly Signals digest.

What’s going on: Orion buys TownSquare Capital, Abrdn’s global head of Wealthtech solutions leaves for Quilter, Mako shares their SOC 2 audit experience, Huddlestock Fintech AS completes a double acquisition, MeDirect goes Wealthtech, Profile Software reveals its new take on core banking platforms, and Wealthtech platform BETA+ changes owners in a joint deal.

Orion has expanded its wealth management ecosystem and boosted value by completing the acquisition of the TownSquare Capital investment platform.

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Abrdn’s Jenny Davidson is now the head of strategic propositions at Quilter. Her previous position, global head of WealthTech solution, will be a level-up in Abrdn for Josh Fennell.

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David Kleiman, CTO at Mako Financial Technologies, explains why the Service Organization Control (SOC) 2 is a benchmark certification and shares the details of Mako’s successful completion of this audit.

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Norwegian Huddlestock Fintech AS has signed a deal to buy Trac Services and Tracs Technology with a full investment banking license.

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MeDirect Bank has changed colors to become a WealthTech and is preparing for new product launches.

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Profile Software has unveiled a new core banking platform, Finuevo Core. The company claims that by combining a brand new front-end and “a new logic in banking,” the solution provides an unparalleled user experience.

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Clearlake Capital and Motive Partners heralded the completion of their BETA+ acquisition and started their partnership with the London Stock Exchange Group (LSEG).

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