Digital banking app downloads surged 54% in 2022, exceeding 26 million

In recent years, digital banks have rapidly emerged as disruptive players in the financial industry, leveraging technology to provide innovative, customer-centric banking services. The lenders’ growth is partly highlighted by the number of app downloads for leading digital banking service providers.  According to data acquired by Finbold, downloads for selected six European mobile-only bank apps peaked

SVB & Signature Bank – A message from our CEO

Due to recent developments about Silicon Valley Bank (SVB) both in the UK and the US and Signature Bank in the US we wanted to provide our esteemed clients and partners with an update regarding our exposure to SVB and Signature Bank. The short answer is that our exposure is non-existent, as we have never held

What Knight Frank’s wealth report tells us about HNWI investment

Each year, Knight Frank publishes its Wealth Report, a deep dive detailing the finances of ultra-high net worth individuals or UHNWIs. For its 2023 report the company surveyed over 500 private bankers, wealth advisors, and family offices representing a combined wealth of more than $2.5 trillion. And while its report estimates the world’s richest people lost

Digital-First Banking Requires A Customer-First Approach

Customer first = Digital first 📲 For decades, smaller financial institutions have eaten up ground on their major competitors by focusing on providing a level of customer service that larger corporations can’t. Today, a customer first approach means providing a digital first solution as ease and efficiency become a clients top priority when engaging with

Wealth Resurgence Offers Opportunities

The UAE is preparing itself for a record influx of HNWI’s during 2023, with over 5,000 set to relocate there before the end of the year. The move is fuelling a booming private wealth market in the gulf as individuals look to take advantage of the good infrastructure and low taxes. It’s a continued sign

Daniel Gould joins Privat 3 Money Board

We are delighted to announce the appointment of Daniel Gould as Non-Executive Director to the Privat 3 Money board. A hugely experienced and influential senior executive and entrepreneur, Daniel is an expert in building digital financial institutions from scratch. He is a speaker on a range of topics including the digitisation of financial services, digital ecosystems and

European Private Banking: Resilient Models For Uncertain Times

A challenging economic outlook is pushing many private financial institutions to triple their investments in technology. Uncertain times are fuelling an acceleration of change in the private finance space, with this week’s McKinsey & Company report into the European market showing that both big and small players are rapidly evolving their business models to ride the wave

Surge in Current Account Customers Ditching and Switching their Bank

Online banking, better customer service and an easier-to-use mobile app were the reasons behind a record number of current account switches in the UK last year. In the final three-months of 2022, 376,000 people moved banking providers, many to digital banks or e-money institutions that offered more sophisticated digital features. The data is further evidence

Digital Banking's Wealth Capabilities to Younger Consumers

Digital Banking’s Wealth Capabilities Appeals To Younger Consumers

Wealth building capabilities are proving the major draw when it comes to onboarding Gen Z customers to digital financial institutions. The young no longer view traditional wealth building tactics as their lone path to retirement, instead turning to a wider range of resources for their first-time investments including mobile trading (as provided by P3), cryptocurrency

London UHNW

London’s on the up as an UNHWI location of choice

The global ultra-high-net-worth population has fallen for the first time in four years during 2022, but that hasn’t stopped the number of those living in London rising. According to a report released by Wealth-X last week, the number of people with a net worth of US$30 million or more — fell 6% to 392,410 in the