Managers of Wealth Fintech

Experts Warn of Hard to Detect Frauds Due to AI and Deep Fakes

The Federal Trade Commission (FTC) reported in February 2023 that financial scams have been on the rise.

PIMFA warns of ‘halo effect’ from FCA marketing rules for crypto-assets

Crypto-assets are not regulated, are highly volatile and therefore high risk and should only be invested in by sophisticated investors that understand the risk they are taking, not mass market investors.

The Future of Finance: Blockchain Technology Set To Reshape the Financial Landscape

It is for this reason that I believe there is no future of payments that does not involve cryptocurrency and blockchain technology in some shape or form.

AI in Wealth: from Science Fiction to Science Fact

Whether you believe it offers opportunities or risks to society, no-one can dispute that its importance is set to grow.

Crypto billionaires’ wealth crushed by US regulator after big 2023 bounce

The SEC sued both companies for breaking securities rules, sending shares of several crypto-linked companies and tokens slumping.

Fidelity Digital Assets more than quadruples revenue across UK business

Strong client demand and foreign exchange gains helped boost revenue at the UK digital assets business by more than 300% last year

Data privacy concerns when businesses adopt AI

AI systems generally require large amounts of data to simulate human behaviours and this can be collected in different ways.

Risks to navigate in financial services digital transformation

Alongside changes in customer expectations there has been technological and regulatory change which has resulted in increased competition in financial services markets.

What does AI think about AI in private banking?

PBI asked ChatGPT what it thought about the future of AI in private banking.

Life insurer with premiums paid in cryptocurrency

The first was co-led by Sam Altman, CEO of OpenAI and Lachy Groom, previous head of Stripe Issuing, and with Gradient Ventures in the top spot during the second round.

Swift steps up blockchain experimentation

The fresh initiative follows a proof-of-concept conducted with Chainlink last year on the development of a Cross-Chain Interoperability Protocol (CCIP) that would connect Swift to multiple blockchain networks.

SmartMetric to embed AI into biometric credit card

The SmartMetric electronics and software team have been working for SmartMetric for over a decade and are well versed in adapting advanced electronic solutions into miniature very thin form factors.

After blockchain bungle, ASX confirms work programme to maintain Ches

"CHESS was a globally leading system when it was first introduced and I’m pleased to note that it has continued to operate safely and efficiently since then, serving the Australian market well."

Breaking down the enigma of artificial intelligence

Read about global markets and trends in this monthly Investment Outlook

South Africa Launches AI Industry Association to Drive Responsible Adoption

By analysing the global and local landscape, identifying challenges and opportunities related to AI and smart technologies in South Africa, SAAIA has shaped its vision.

Xapo Bank Expands Euro Payment Options, Bolstering Crypto and Retail Banking Integration

This integration enables Xapo Bank members to move funds in Euros within the SEPA network.

AI ripe to shake up private banking, says Israeli entrepreneur

Amnon Shashua’s recently launched One Zero bank plans push into affluent European market

JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

JPMorgan applies blockchain to interbank U.S. dollar transactions in India amid growing signs of global de-dollarization.

Paxos makes Latin American inroads

Nubank, one of the world’s largest digital financial services platforms, relies on Paxos to power the crypto experience for its millions of users.

EBAday 2023: EU and UK as global leaders in AI regulation

The opportunity and the potential risks presented by the technology continues to dominate headlines.

Bitcoin, Blockchain & AI