The OECD in March 2019 held the “Going Digital Summit” to kickstart its global AI initiative, with a focus on digital transformation and AI ethics. “To bring about stronger and more inclusive growth from the digital revolution, it is essential to build a coherent and comprehensive policy approach”. This is the essence of the OECD’s Going …
Autonomous Research’s London-based NEXT unit, which focused on FinTech and the future of finance, predicts cost savings of 22% for financial services firms globally by 2030, totaling $1 trillion. The graphs above show a breakdown across banking, investment management and insurance, as well as front-, middle- and back-office. AR calls the outcome of AI applied …
Goldman Sachs agreed to buy Newport Beach based United Capital for $750 million in cash to build out a steady fee-based wealth management business and its Ayco Financial Counseling Capabilities, a mass affluent segment through Marcus and the Apple credit card, and digital financial planning tools to build new and enhance existing client segments. In …
Fidelity in late 2018 announced and this quarter launched Fidelity Digital Assets (FDA), a cryptocurrency trading and custody platform, stating it envisions a “future where all types of assets are issued natively on blockchains or represented in tokenized format. It all begins with a full-service, enterprise-grade platform for securing, trading, and servicing investments in digital …
Accenture last year surveyed 47,000 banking and insurance customers globally… key findings include: Integrated client propositions around core needs Fully personalized solutions Willingness to share data for better advice Integration across digital and physical channels Growing trust in financial institutions Review the 60-page study here.
JP Morgan and Microsoft this week announced a strategic partnership to accelerate the adoption of enterprise blockchain. JP Morgan’s Quorum, an enterprise-focused version of Ethereum, will be the first distributed ledger platform available through Microsoft’s Azure Blockchain service, so their customers can build and scale blockchain networks in the cloud. Based on Ethereum, Quorum is …
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BlackRock‘s Chief Engineer and Head of the Aladdin Product Group (APG), Jody Kochansky, in a blog last spring wrote about „the promise of AI and what it means to BlackRock.“ His topics included how the firm already is using AI today, such as superior insights following the explosion of unstructured data, AI‘s ability to enhance …
Back in 2009, Citigroup started its series of Global Innovation Labs, in Dublin – followed by Israel, Singapore, Mexico, and London, with a few hundred technologists globally to focus on more rapid research, tactical experimentation and prototyping of next-generation client solutions. Moreover, the labs are a way to plug into local innovation ecosystems and, via …
In a new collaboration, IBM and Thomson Reuters will offer financial institutions access to an AI-Powered RegTech Solution. According to a press release, the service will be delivered through the IBM Cloud with real-time financial data from thousands of sources, backed by domain knowledge from IBM consulting subsidiary Promontory Financial Group. Promontory was founded in …
IBM and Thomson Reuters Launch AI-powered Real-Time RegTech Compliance Solution Read More »
