Italian fintech Axyon AI has completed a $1.6 million funding round which has seen two of its original investors increase their commitment.
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Italian fintech Axyon AI has completed a $1.6 million funding round which has seen two of its original investors increase their commitment.
Fidelity International and Boston Common Asset Management are among a coalition of financial institutions that have launched an initiative to promote the ethical use of artificial intelligence (AI).
Data management tools are the top priority for firms who are investing in their workflow across front, middle and back offices, research found.
Asset management executives are apparently undeterred by an exodus of employees to tech firms, suggests a recently published study.
UK fund manager abrdn has scrapped plans to acquire artificial intelligence (AI) powered platform Exo Investing after agreeing to invest an undisclosed sum in the parent company Nucoro instead.
Nik Storonsky, the co-founder of UK banking fintech Revolut, has launched a venture capital (VC) fund based on artificial intelligence (AI).
French bank Societe Generale has implemented artificial intelligence (AI) platform Saphyre to help improve its onboarding process.
The rise in AI investing parallels A growing need to understand how computers make decisions, writes Lynn Strongin Dodds.
The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.
Saphyre, a US-based fintech that uses AI to digitize pre-trade data for asset managers, has secured €17 million in funding from JP Morgan, BNP Paribas and US private equity firm HCAP Partners.
