Your weekly guide to interesting happenings in WealthTech globally. In this issue, commentary on the following: With Biden-Era Fiduciary Rule Dropped, What Comes Next? Syfe Hits Profitability in Singapore and Secures New Funding Global WealthTech Market to Hit USD 21 Billion by 2031 FINRA Cautions Broker-Dealers to Catch 'Hallucinations' When Using Gen AI Affluent Investors Increasingly Turn to Robo-Advisors Airwallex lands $330 million - Backers might signify WealthTech rollout in US...

Deutsche Börse, a global exchange company and operator of the largest stock exchange in continental Europe, has entered exclusive talks to acquire Allfunds, the largest European funds distributor, in a nonbinding proposal valued at about six billion dollars, roughly half cash/half stock. This represents almost a 32% premium to the closing price of Allfunds on Thursday and signals renewed intent after earlier considerations dating back to 2020. Allfunds’ board agreed to open formal...

FE fundinfo has acquired Contengo, a UK technology provider specializing in performance reporting, wealth analytics, and data migration solutions for independent financial advisers. The acquisition will integrate Contengo's capabilities into FE fundinfo's Nexus platform as a new Command Deck module, designed to centralize client and business data for advisers. Contengo's data engine collects transaction and client information from adviser platforms and back office systems into a control...