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
Privat 3 Money launches bespoke mobile trading platform to HNW clients
Privat 3 Money has launched a bespoke mobile trading platform, accessible via its mobile app, becoming only the second digital financial institution in the UK offering this in-app service. The trading platform has been brought to market via a partnership between FINRA regulated DriveWealth and FCA regulated P3 Wealth, a Privat 3 Money sister entity.
What is Fintech?
FinTech. Although Merriam-Webster just added the phrase to its dictionary in 2018, the concept of FinTech actually dates back decades. ATMs, for example, were once on the cutting edge of FinTech innovation, as were signature-verifying technologies first used by banks in the 1860s. But today, FinTech companies (like Privat 3 Money Ltd) are taking a sector
Wealthtech to The Rescue Amid Doom and Gloom For Wealth Managers
Traditional wealth management firms are turning to tech in a bid to save themselves, but is it already too late? The wealth management industry is on the verge of the most significant intergenerational wealth transfer in history, and new wealth holders are looking to shake things up. In 2021, EY found that 28% of wealth
The Evolving Landscape Of The Private Wealth Sector
“Don’t find customers for your product. Find products for your customer.” – Seth Godin The current landscape for traditional private banks and the private wealth sector is changing. Clients are becoming younger, more accustomed to using tech and are doing business all around the world. This new type of high-net-worth individual requires traditional aspects of
EBAday 2022: Tackling the top challenges private banks face today.
Reda Bedjaoui, CEO, Privat3Money, speaks at EBAday 2022 about the challenges faced by private banks around revenues and profits caused by the uncertainties related to Covid-19, the acceleration in client demand for digitally enabled remote engagement, and a shift toward remote working.
Privat3Money New Goffs London Sale Title Partner.
Privat3Money, the first truly digital alternative to private banking in the UK, has been announced as the new title partner for the Goffs London Sale. This is the first edition since 2019, as the sale was not held during the pandemic.
ClearBank and Privat3Money aim to improve client experience.
In order to exceed client expectations, Privat3Money has partnered with ClearBank, which will enable the company to improve speed and efficiency
ClearBank, the cloud-based clearing bank, has announced its partnership with e-money scale-up Privat3Money (P3).
Privat3Money debuts mobile app.
The London based E-Money solution for global citizens Privat3Money (P3), is pleased to announce the launch of its new Mobile App available for both Apple IOS and Android devices.
Privat3Money selects FintechLab to provide core payments platform and mobile app.
Privat3Money (P3) a UK E-Money Institution who offers global citizens and corporates an intuitive digital platform to manage their financial needs, has selected Vilnius (Lithuania) based FintechLab to power its core payments platform and mobile app.