Managers of Wealth Fintech

How AI is Becoming the Backbone of Banking at Finastra

It is actively transitioning its portfolio from exploratory automation to embedded, production-ready AI frameworks across retail banking, payments and trade finance.

Survey finds Jamaicans scratching surface on AI usage

...tech expert says more users embracing tool but missing opportunities to unlock full potential

HSBC to open Singapore AI centre of excellence

The centre is part of a wider effort to deploy AI at scale across HSBC: it has inked major deal to deploy the technology with Mistral AI and Google Cloud, while in March Rice became the bank's first chief AI officer.

Workato and L&T Technology Services Launch FinShield AI to Automate Fraud Investigations

By leveraging agentic AI technology, the solution handles evidence gathering, transaction history reviews, and initial analysis that typically consumes hours of an investigator's day.

AI Governance in Banking: Managing AI Risks and Scaling Responsible AI Adoption

As banks move from AI experimentation towards enterprise-wide adoption, they are unlocking opportunities to improve operational efficiency, customer experience and innovation.

Nium targets stablecoins, growth

The cross-border payments company bought Cypher this month to roll forward its stablecoin strategy, says CEO Prajit Nanu.

Velocity Raises $38m Series A for Stablecoin Treasury Platform

The company targets CFOs and corporate treasury teams rather than crypto-native users.

Leading digital assets firms pledge $15 million to establish Bitcoin Security Consortium

The Consortium aims to publish and conduct research on Bitcoin security and fund developers.

Should you invest in AI?

AI-related investments have shown strong performance, but that’s not the whole story. Fidelity Wealth Management

OpenAI says its AI went rogue and launched 'unprecedented' cyber-attack

They targeted Hugging Face, one of the world's largest hubs for sharing AI models, gaining access to some internal company systems.

Google burning through cash with spiralling AI costs

Meanwhile, Alphabet's combined quarterly revenue hit $119.8bn, up 23% compared with the same time last year.

Singapore to Broaden AI Governance Training and Certification

The three-year agreement will widen access to professional certification and continue the joint Singapore Data Festival and IAPP Asia Forum.

Coinbase Singapore Hiring Push Targets About 50 New Roles

New roles will focus on engineering, customer service, relationship management and institutional sales.

Amazon Lays Off Staff in Artificial General Intelligence Division

The reductions follow a wider reorganisation of Amazon’s AI operations and several senior leadership departures.

Bank of America embeds generative AI into customer service tools

The new generative AI capabilities within EricaAssist summarize why a client is calling, pull together relevant information, and recommend next steps based on the employee’s role and the client’s relationship with the bank - all without interr

BitMEX shuts down operations

Crypto exchange BitMEX is shutting down operations after an 11-year run.

Sumsub Moves Beyond Onboarding With AI Platform for Fraud, Compliance

The platform is designed to support continuous risk monitoring throughout the customer relationship.

Zilch teams up with Rezolve Ai to boost retailer growth

The arrangement hands brands a direct route to Zilch’s fast-expanding customer base.

Ramp opens stablecoin accounts

Your business operates 24/7, everywhere. Your money does not.

Singapore Introduces Data Initiatives Covering AI and Cross-Border Privacy

The regulatory updates recommend specific consent for AI model training and introduce frameworks to reduce compliance costs for international data transfers

Bitcoin, Blockchain & AI