Managers of Wealth Fintech

Bank of England reports major AI growth in financial sector

The survey also notes a considerable emphasis on automated decision-making

AI trust gap splits UK wealth managers and their clients, study shows

Despite these positive outlooks, there’s a barrier when it comes to client trust.

OKX Launches Exchange and Web3 Wallet in Belgium

Through the OKX exchange, Belgian residents can access spot trading, convert and earn services, and customer support in Dutch and French through its app and website.

Online Safety Act duties cover gen-AI and chatbots, Ofcom confirms

Gemma Erskine of Pinsent Masons was commenting after Ofcom issued an open letter to UK online service providers regarding generative AI (gen-AI) and chatbots.

Crypto wallet start-up Deblock reportedly raises £13.3m in fresh funding

Deblock’s CTO Mario Eguiliuz Alebicto joined the venture from crypto gateway Ledger, where he served as head of engineering.

Boosted.ai, Building Agentic AI for Wealth Managers, Raises $15M

While the new technology will not be an advisor's clone, it could be thought of as a co-worker.

Crypto exchange XT.com suspends withdrawals after suspected $1.7M hack

XT.com issued a statement acknowledging an “abnormal transfer of platform wallet assets” but hasn’t yet confirmed the hack.

CBA chops fraud with AI

CBA processes and analyses more than 20 million payments a day.

SIX invests in OpenBrick

OpenBrick is developing a platform using blockchain technology

Switzerland no longer leading – Bitcoin pioneer Niklas Nikolajsen shares

Bitcoin pioneer Niklas Nikolajsen, who came to Switzerland as a Dane in 2011 and now lives in Zug, sees a rosy future for the cryptocurrenc

Sumsub and Elliptic Join Forces to Fight Crypto Crime

This allows clients to unify their cryptocurrency wallet screening workflows on a single dashboard.

Jersey Finance Ramps up Programme in Key Markets to Reinforce Tokenisation Proposition

That event explored the rapid evolution in the digital assets landscape, the potential impact of tokenisation on fund accessibility and liquidity for US managers, and Jersey’s ecosystem for digital assets.

Crypto ownership continues to rise in the UK

As it prepares to roll out a new crypto regime, the regulator says 12% of UK adults now own Bitcoin and other coins, up from 10% in previous findings.

Singapore Gulf Bank Eyes up to US$50 Million Funding to Acquire Stablecoin Firm

Stablecoins, cryptocurrencies pegged to stable assets like the US dollar

Mbanq unveils Mbanq Comet, an AI platform to digitise lending process

Mbanq Comet also enhances the borrower experience by offering a fully digital and user-friendly lending journey.

Mastercard and J.P. Morgan to Streamline B2B Payments with Blockchain

This collaboration aims to streamline cross-border business transactions by offering a faster and more transparent settlement process, reducing friction and enhancing the efficiency of commercial transactions.

Not All Private Bankers Immune From AI Disruption

One of the roles with the lowest potential for automation is personal financial advisors.

Transforming payments in Malta: AI and Visa’s three-decade journey

David Farrugia, Country Manager Visa Malta

AI trust gap splits UK wealth managers and their clients – Avaloq

Avaloq’s research reveals the greatest potential for AI to support UK wealth managers with client onboarding, with 86% of those surveyed saying it would offer a major improvement.

Profile Software releases AI-driven document management system

The processing of the generated metadata is automated across multiple dimensions

Bitcoin, Blockchain & AI