Managers of Wealth Fintech

EU AI Act clears final vote

The EU AI Act will come into force 20 days after its publication in the OJEU, though most of its provisions will not take effect for a further two years after that date.

Quarter of asset managers use AI in sustainability process

The survey spoke to 60 asset managers from around the world, representing £31.9tr.

BBVA partners OpenAI to deploy ChatGPT among its employees

The service broke records by attracting over one million users within its first five days of launching.

Gen Alpha and AI set to disrupt wealth management industry, argue futurists

Forty per cent of Gen Alpha think AI, virtual reality, and smart assistants will be integral to their future careers

Venture capital funding in crypto rises to $2.4 billion, PitchBook says

The recovery in publicly traded tokens and continued rise in institutional adoption will drive increased VC funding

'Faked Satoshi ' Craig Wright Lied About Inventing Bitcoin: Judge Rules

A group of crypto firms brought the civil trial, the Crypto Open Patent Alliance (COPA), that sought to prevent Wright from claiming he invented Bitcoin.

Endava partners with Finexos to revolutionise AI-driven credit risk management

This collaboration will enable more borrowers to access affordable credit while reducing non-performing loans and improving capital allocation.

Endava & Finexos partner to bring AI-powered credit decisioning

This partnership enables Endava to help financial institutions better support their customers with access to responsible lending using Finexos AI credit decisioning software.

Salt Bank selects Napier AI to enhance AML compliance for Romania’s first digital bank

The collaboration aims to bolster Salt Bank’s anti-money laundering (AML) capabilities with Napier AI’s advanced platform.

Crown Agents Bank and AbbeyCross team on FX payments to emerging markets

Crown Agents Bank is one of the first banks to join the ABX Platform as a payment provider.

Advisers' roles will not be the same because of AI

For the more analytical side it will be AI that does the job because it can do it so much faster and better than a human.

Tokenization and real-world assets take center stage

For investors entering this space, the greatest efficiencies will come through end-to-end digital systems – meaning an on-chain lifecycle.

Microsoft launches AI-Powered “copilot for finance” service

Microsoft has long embraced the AI sector through its high-profile connections to OpenAI and ChatGPT.

How wealth managers are responding to the impact of AI in the industry

The potential use of AI in financial planning is rapidly evolving.

SIX CEO Jos Dijsselhof: «Blockchain Is Driving an Evolution, Not a Revolution in Finance»

This transformation is being driven by blockchain ecosystems, which are also used for cryptocurrency trading, among other things.

Crypto Analyst Suggests US Money Supply Increase Could Drive Bitcoin Price Higher

This finding underscores the intricate relationship between traditional financial metrics and the dynamics of the cryptocurrency market

Millennium Management and Morgan Stanley Report Significant Spot Bitcoin ETF Holdings

Deutsche Bank joins Project Guardian to explore asset tokenization applications

As part of the asset and wealth management workstream, the bank will test an open architecture and interoperable blockchain platform to service tokenized and digital funds.

Ripple Renews Partnership With Morgan State University to Support Blockchain Innovators Across HBCUs

The funding granted to Morgan State will deepen the milestones achieved as a result of Ripple’s earlier grant to the university.

Fintech firm Klarna says 90% of its employees are using generative AI daily

Fintech firm Klarna says over 87% of its employees are using generative AI tools, including OpenAI’s ChatGPT and its own internal AI assistant.

Bitcoin, Blockchain & AI