Wealt Weekly Roundup #38

Good morning ??

We are excited to share the 38th edition of the Wealt weekly roundup, where we provide a weekly update on our progress, company insights, and significant industry developments.

Together, we will navigate the path to financial success because informed decisions are the foundation of a prosperous future. Let's get started!

Highlights from Wealt

Wealt launches on the App Store soon! ??

Get ready to redefine your investment journey with Wealt—the ultimate all-in-one platform for wealth management. We are thrilled to announce that Wealt, your gateway to exclusive private market opportunities, will soon be available on the App Store. This marks yet another significant milestone in bringing our alternative investments universe to life.

?? Enabling access to private markets:

• Access to exclusive private equity, pre-IPO deals, venture capital, real estate, artwork, iconic classic cars, and fine wine & rare whisky.
• Low minimum investment amounts, making private market opportunities accessible to a wider audience,
• Seamless and intuitive mobile app experience,
• Curated investment opportunities from top-tier firms,
• Transparent and secure investment process.

?? Unlock exclusive perks and VIP treats:

• Step into a world of privileges and exclusive rewards,
• Embark on a journey of exclusivity with personalised perks and curated experiences designed to elevate your lifestyle.

As we count down to our App Store launch, you will be among the first to know when Wealt goes live and start exploring a world of investment possibilities.

Stay tuned for more exciting updates in the coming days!

?? Make sure to register to be among the first to know ??

Must know

Fun fact: Did you know that the London Stock Exchange (LSE) originates in the coffeehouses of 17th-century London? Stockbrokers were banned from the Royal Exchange due to their rowdy behaviour, and they began congregating at Jonathan's Coffee House. In 1698, John Castaing started listing stock and commodity prices there, marking the beginning of the LSE. This informal trading hub eventually evolved into a more structured and regulated stock exchange, officially established in 1801 and has become one of the world's largest and most influential financial markets.

• Vanguard vote switch helped pass Tesla CEO Elon Musk's $56 billion pay package.
• Visa’s and Mastercard’s proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril after a New York judge signalled she was preparing to reject the accord.
• The Turkish government has been planning to increase the departure fee for citizens flying to international destinations tenfold.
• Wells Fargo fired several employees for faking work using "mouse jigglers" to simulate computer activity.
• Walmart introduces digital shelf labels to 2,300 stores.
• German banks are set to shut down their PayPal competitor Giropay/Paydirekt and instead support the continent-wide startup European Payments Initiative (EPI).
• Mastercard has set itself a target of hitting 100% e-commerce tokenisation in Europe by 2030, phasing out manual card entry and making online shopping safer and more accessible.
• Starling Bank has reported its third full year of profitability, with pre-tax profits up 55% to ￡301.1m and revenue up 51% to ￡682.2m.
• Stepping up its fight against scammers, Westpac has introduced real-time Confirmation of Payee security features for consumer and small business customers.
• Revolut has added an extra layer of in-app identity verification designed to protect customers whose unlocked phones have been stolen or whose password and face recognition have been compromised.
• Visa is rolling out a service for financial institutions to give cardholders a convenient way to manage and track their subscriptions.
• Apple’s Worldwide Developers Conference (WWDC) has been done - here is everything that has been announced.
• Former head of NSA, Paul M. Nakasone, joins the OpenAI board within the safety team.
• Apple will implement ChatGPT for its product but pay through distribution, not cash.
• Huawei announced the launch of the Financial Partner Go Global Program (FPGGP) Acceleration Program during the 2024 HiFS Frontier Forum.
• On Wednesday, the Moscow stock exchange announced that it would stop trading dollars and euros on Thursday, June 13.
• Garanti BBVA Digital Assets, the first initiative of Garanti BBVA Financial Technologies Inc., now offers crypto wallet service on its mobile platform.
• Revolut moves global HQ to the heart of London’s financial district as it awaits a UK bank license.
• eBay launches Venmo as a payment option, a continued push to expand ways to pay and invest in digital natives.
• Turkey will impose a 40% additional tariff on imports of vehicles from China to halt a possible deterioration of its current trade balance and protect domestic automakers.

Readings for you

We add another article about life and wealth management to our collection every week. We know and love that knowledge grows when it’s shared. So, here there are some handpicked suggestions from our collection:

• Discover the advantages, risks, and strategies of private investments to diversify your portfolio and master the market.
• Labour Day may be one day for you, but it shapes today's economic world.
• Secondary markets have become significantly more relevant in recent years due to several factors, including the challenging economic climate and fundraising hurdles.

Before you go…

Happy?Eid Mubarak?to?those **who celebrate, wishing?you happiness, glory and peace.

We will continue to be here every week. Stay tuned for more in your inbox or on LinkedIn. To learn more about wealth management and Wealt, join our community and drop us a ??.

With warm regards and enthusiastic spirits,

Wealt Team ???