Managers of Wealth Fintech

Over 18 million people in the UK have now used Generative AI

The technology is also primarily used by younger groups, with 62% of people aged 16-34 having actively used it, compared to only 14% of 55-75 year olds.

Banking Associations Support Resolution to Overturn SEC's Controversial Crypto Rules

This mandate impedes regulated banking organizations from providing digital asset custody services at scale due to heightened capital and liquidity requirements.

Future-proofing technology in asset & wealth management

Therefore, applications deployed over the last decade are much more adapted to our markets.

Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy's Bitcoin Business Model

AI art generation platform Exactly.ai raises £3.4m

Users of Exactly.ai can create their own image generation model, trained on their work.

BlackRock’s $20B ETF Is Now the World’s Largest Bitcoin Fund

The iShares Bitcoin Trust has attracted the greatest inflow since going live, $16.5 billion, while investors have pulled $17.7 billion from the Grayscale fund over the same period.

Klarna: BNPL Fintech Uses Gen AI for US$10m Marketing Cuts

These cuts come as Klarna has actually increased its frequency of new marketing campaigns.

Deutsche Bank sees blockchain as key to tackling margin compression

Deutsche Bank is currently testing a new platform built on the Ethereum network that is designed to offer services for tokenized funds.

Warning to candidates using AI for exam support

Its applications range from basic tasks, such as taking minutes or drafting emails, to higher level complex functions, such as enhancing a firm’s security.

Will 2024 be AI’s inflection point for banks and the capital markets?

In financial services, AI is edging towards an inflection point

Hybrid Advice creates opportunities, but also Client Retention problems

Gen AI as a client engagement solution has the potential to change the way a personalized fact-find

Donald Trump’s crypto portfolio briefly peaks above $10M

The MAGA memecoin surged to an all-time high on May 27, boosting Trump’s crypto holdings.

BBVA enhances productivity with strategic OpenAI partnership

This collaboration will enable OpenAI to share its expertise and help BBVA unlock the full potential of generative AI, setting a benchmark for other financial institutions.

UAE invests in AI to enhance industrial productivity and efficiency

Fireside chat addresses massive potential of AI applications to completely transform industry and add billions to GDP

Crypto Tax Evasion in India: Why To Avoid?

With the government imposing a flat 30% tax on crypto gains, many are understandably curious about minimising their tax burden.

Successful use cases drive banks’ positive sentiment in Gen AI

Harry Swain assesses notable examples of financial sector leaders using AI to improve the customer experience and boost fraud detection

HKMA planning sandbox for generative AI in banking

HKMA’s Arthur Yuen says the Silicon Valley Bank failure holds alarming lessons about digitizing finance.

BBVA inks OpenAI deal to bring ChatGPT to employees

OpenAI has also agreed to deliver training and provide the latest updates for its large language models, the technology on which ChatGPT is built.

Island ‘should be prepared for evolving tokenisation sector’

In particular, it identifies a diversity in asset classes looking at tokenised options for investors.

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.

Bitcoin, Blockchain & AI