The latest technology news in the wealth management sector from around the world.

Close Brothers Asset Management
UK-based Close Brothers Asset Management has adopted SEI Wealth Platform and SEI Data Cloud, a technology, data and operational outsourcing solution that enables organisational transformation and the digitisation of the wealth management experience.

The partnership with SEI marks a move to integrated technology which will enable CBAM to deliver its objectives, and, it says, to be the best place in the UK for wealth management professionals and their clients. Alongside the SEI partnership, CBAM will adopt Objectway’s portfolio management solution, and outsource order execution activities to Winterflood Business Services (WBS).

A number of CBAM employees will join SEI’s SWP operations team as part of the agreement, the firm said in a statement. SEI and CBAM will work to ensure a smooth and successful transition.

“Our new partnership with SEI marks an important moment for CBAM. The adoption of the SEI Wealth Platform enables us to deliver on our growth strategy, and expand upon our proposition whilst having complete confidence that high-quality service levels will be maintained for our clients,” CBAM’s chief operating officer Gregg Clarke, said.  

Marygold & Co, Griffin
Marygold & Co, a UK "emotionally intelligent" money management app for individuals and small businesses, has partnered with Griffin, a UK bank for fintechs. This partnership enables Marygold & Co to embed savings accounts in its app, which will provide a range of personalised wealth-building tools to users in the UK when it launches later this year, the firm said in a statement.

Dedicated to its mission of simplifying finances, Marygold & Co has built a wealth and savings app for individuals and small businesses, using behavioural insights to drive healthy financial habits, better money management and a tailored customer experience. The app launches a host of innovative features, including customisable reminders, automated savings nudges, special savings pools, hidden “piggy bank” options and secure me-to-me transfer technology, while offering users competitive interest on funds held.

Catering to a range of demographics, the Marygold & Co app also introduces safety features to help with financial oversight for the elderly and vulnerable. Small businesses will also have access to competitive interest rates on their working capital and cash, helping them to maximise returns on idle funds and manage their finances more effectively. 

“Our work with Marygold & Co is a classic example of how Griffin works with fintechs in bringing best-in-class products to market. Marygold & Co's vision to provide secure, dependable and intuitive wealth-building tools aligns perfectly with this and we're excited to support their growth journey,” David Jarvis, co-founder and CEO of Griffin, said. 

“Our app is designed to nurture healthy financial habits through personalised tools and insights, catering to diverse needs from young savers to small businesses. With Griffin's support, we're not just launching an app; we're empowering individuals and businesses to take control of their financial future in an increasingly complex economic landscape,” Matthew Parden, CEO of Marygold & Co UK, added.