Investment Management stories
The new role reflects growing demand from banks and wealth managers for help modernising operations, data and security as systems grow more complex.
Only 10% of banks and asset managers are prioritising AI-ready storage, leaving many to tackle compliance and rising data costs first.
Rising demand from sovereign wealth and pension funds is prompting a more targeted regional push across Asia-Pacific, where operational complexity is growing.
Ireland's funds boom now underpins more than 60,000 jobs, while its fintech tools are helping Australian super funds meet tougher rules.
The rollout aims to cut manual reconciliation and improve portfolio visibility as wealth managers face rising pressure to automate reporting and client updates.
Financial firms could gain cleaner audit trails and more reliable AI outputs as a managed data layer links investment systems and workflows.
Smaller investment firms could cut costs and manual work as a single system replaces fragmented trading and risk tools across asset classes.
Asset managers face tighter settlement deadlines as the expanded service aims to cut manual work and reduce failed trades across Europe and APAC.
The move will bring product and commercial teams closer to Asian clients as the wealth-tech firm targets faster growth across regional markets.
The full rollout could reduce administration and compliance burdens for Patronus Partners as wealth managers look to join up legacy systems with AI.
The approval lets eligible Australians borrow against crypto holdings under direct oversight, as the sector seeks clearer rules and mainstream acceptance.
About 85,000 TelstraSuper members have been transferred into Aware Super, creating a fund with about 1.3 million members and AUD $235 billion.
The deal gives FirstCape a new platform for its New Zealand wealth businesses, with FNZ taking over build, migration and ongoing operations.
Wealth managers face tighter regulatory scrutiny as the platform promises to replace spreadsheet checks with real-time review of all client messages.
US wealth clients will get market insights and reminders from Citi Sky as Citi rolls out the AI assistant alongside advisors this summer.
Borrowers can now tap cash within 24 hours as the fintech plans to broaden products and double staff after fresh backing.
It aims to ease a GBP £10.3 billion annual hit to UK employers from staff financial stress by adding regulated advice and planning tools.
UK finance leaders see AI mistakes and opaque outputs as the main obstacle to wider use, with trust beating speed in a Bloomberg poll.
Fresh capital will help the fintech widen lending and banking services in the Philippines, where many consumers remain underbanked.
Demand for automated workplace IT has pushed ControlUp past USD $100 million ARR, lifting its valuation above USD $1 billion.