Fintech is advancing

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In the latest quarter, NUCLEUS Financial posted assets under management on its online platforms growing by about eight percent.

Nucleus, based in Edinburgh, said that although the coronavirus crisis weighed on investor sentiment in the three months to Dec. 31, management assets increased to £ 17.4 billion. This reflects a quarter-on-quarter rise of 8.1 percent and year-on-year growth of 7.9 percent.

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Nucleus noted that in the third quarter, the FTSE All-Share Index rose 11.9 percent and dropped 12.5 percent year-over-year.

Our decision in the spring to continue investing during the pandemic has allowed us to enter 2021 with great momentum, Chief Executive David Ferguson said, “Our decision in the spring to continue investing during the pandemic has enabled us to enter 2021 with great momentum, although we are aware of the ongoing uncertainty in the external environment.”

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Nucleus revealed last month that it was in negotiations with four possible bidders for the firm. Subsequently, three of the four prospective bidders announced that they had no intention of bidding for Nucleus.

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