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Goldman Buys RIA United Capital, Focus on Wealth Management and Digital Financial Planning

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 …

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Fidelity Publishes Survey Saying 47% of U.S. Institutions View Digital Assets as Having a Place in their Investment Portfolios

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 …

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Accenture 2019 Global Financial Services Consumer Study – Data sharing, tailored offerings, digital integration

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.

Citigroup Launches Markets Acceleration Lab to „Create a Pipeline of Unique (Trading/Tech/AI) Talent“

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 …

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Citadel Hires Morgan Stanley Quant Veteran in Battle for ML/AI/Quant Talent

Glen Popick, for two decades the Global Head of Fixed-Income Strats at Morgan Stanley’s Investment Bank, just joined the $30 billion hedge fund Citadel as Head of their Fixed Income, Currencies and Commodities (FICC) Business. Han Lee, a PhD in Theoretical Physics and former Global Head of Quant Analytics for RBS, is taking over Popick’s …

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NeurIPS 2018: The ComiCon of AI… Themes, Sponsors, New AI Breakthroughs

The Neural Processing Information Systems conference is the Woodstock of artificial intelligence. Currently in its 32nd year, the conference sold out in less than 10 minutes… better than most rock stars for Madison Square Garden. In short, NIPS is a big deal. Well, it‘s not NIPS anymore, now that the organizers changed it to NeurIPS …

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Google invests in Tokyo-based AI/ML PaaS solutions provider

Tokyo-based AI/ML startup ABEJA today announced a strategic investment from Google (series C extension). Google and ABEJA will collaborate on AI/ML solutions across various sectors, including ABEJA’s core service, the ABEJA platform. The platform is delivered as PaaS and leverages ML technology in data gathering, annotation, learning, deployment, inference and relearning in a variety of …

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