Financial market infrastructures (FMIs) such as exchanges, custodians, broker-dealers and other service providers are finding their tech budgets consumed by the costs of maintaining legacy systems, suggests a recent study.
The race to develop AI tools for the investment industry continues to heat up following the news that Chinese e-commerce conglomerate Ant Group is currently testing the finance-specific AI model it intends to apply to its wealth management business.
Benchmark provider MSCI has extended its partnership with Google Cloud in order to accelerate its development of generative AI services for the investment industry.
UK asset manager Abrdn has become the latest firm to embrace generative AI among its employees.
UK-based FinTech, Bud Financial, has introduced a generative AI platform targeting individualised banking experiences.
ForwardLane has launched EMERGE, a generative decision intelligence platform designed to tackle data transparency, privacy and security challenges within the finance sector.
The US Securities and Exchanges Commission (SEC) has drafted proposed rules that could potentially restrict the use of predictive analytics by broker-dealers and investment advisers.
More than one in ten (11%) of retail investors in the UK are using Chat-GPT-style tools to manage their investments, according to recently published research.
US-based software vendor Clearwater Analytics has launched a generative AI tool which it claims is the first of its kind for the asset management industry.
Rahul Bhushan, co-founder of Rize ETF, discusses how the cybersecurity sector is creating long-term opportunities by turning the tables on AI abusers.
