Latest Asset Management News: Finextra Research

Asset managers embracing AI but need to go further - survey

While almost all asset managers are already using artificial intelligence (AI) in their investment process, only a handful are using the tech for more advanced tasks, according to a recently published study.

26 March 2024

News/wholesale

Euroclear invests in blockchain company

Post-trade group Euroclear has acquired a stake in Iznes, a pan-European, blockchain-based network within the asset management market.

25 March 2024

News/crypto

BlackRock claims tokenisation first

BlackRock, the world's largest asset manager, has taken its first step into the world of tokenisation.

21 March 2024

News/crypto

RockWallet acquires Wyre’s user base

RockWallet has announced its acquisition of Wyre’s full customer base after the cryptocurrency payment platform shut down in June 2023.

16 February 2024

News/wealth

Citi wealth management pushes private bankers to record client calls - FT

Citigroup now monitors the frequency at which private bankers call their clients to push for growth in the wealth management branch of the business, according to reporting from the Financial Times.

16 February 2024

News/markets

Nomura backs new asset management tokenization platform Libre

Nomura’s Laser Digital and fintech hub the WebN group are set to launch Libre, a tokenization platform for the asset management industry.

10 January 2024

News/markets

Fintech valuations stabilising says VC fund chief

The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.

29 November 2023

News/wealth

UK funds given green light for tokenisation

Investment funds authorised in the UK may now be able to progress their tokenisation strategies following the publication of the first report from a government-backed industry working group.

23 November 2023

News/wealth

Report predicts boom in Apac's wealthtech market

The wealthtech sector in Asia-Pacific could be worth more than $2trn by 2027 thanks to technological advancements, according to a report published by McKinsey.

20 November 2023

News/predictions

Survey reveals firms doubts over data quality

As many as three quarters of corporate, trust and fund services firms do not trust their own data, suggests recently published research.

30 October 2023

News/wealth

MSCI expands Google partnership to explore AI services

Benchmark provider MSCI has extended its partnership with Google Cloud in order to accelerate its development of generative AI services for the investment industry.

30 August 2023

News/crypto

Grayscale secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).

30 August 2023

News/startups

Irish fintech funding slows down

Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.

21 August 2023

News/regulation

Consumer Duty: FCA finds fund manager value assessments need improvement

The FCA has conducted a review of fund managers’ value assessments and have found that while many firms have better practices in place, some still require improvement.

11 August 2023

News/wealth

US online trading platforms launch in UK

The UK's retail trading platform market has become more crowded following the launch of two separate US ventures.

21 July 2023

News/crypto

Schroders explores digital asset fund in Singapore

Global asset manager Schroders has teamed up with the Monetary Authority of Singapore (MAS) to develop a tokenised digital asset fund.

27 June 2023

News/crypto

US asset managers apply to SEC for bitcoin ETFs

The ongoing effort to persuade the SEC to approve crypto investment products continues, following news that many of the country’s largest asset managers, BlackRock, WisdomTree and Invesco, have applied to the SEC for permission to launch a spot bitcoin ETF.

22 June 2023

News/crypto

Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

23 February 2023

News/payments

BNY Mellon offers outsourced trading to buy-side customers

BNY Mellon Capital Markets, LLC has expanded its outsourced trading offering to a buy-side trading division, xBK.

27 January 2023

News/crypto

Bitwise launches active crypto fund

The world's largest crypto index fund manager, US-based Bitwise, is expanding from passive to active management in an effort to attract more institutional investors.

03 November 2022