Artificial intelligence has been transforming various industries, and the finance industry is no exception. Prominent organizations including Morgan Stanley Wealth Management and Stripe have been leveraging OpenAI’s GPT-4 to deliver better services to their clients. In this article, we will discuss how both companies are using GPT-4 and its impact. Morgan Stanley is one of the launch organizations for GPT-4
Recent reports have brought to light a campaign by hackers linked to China, which targets unpatched SonicWall Secure Mobile Access (SMA) 100 appliances. The hackers use malware to gain privileged access to these devices, enabling them to pilfer user credentials and persist through firmware updates. This campaign seems to have been active for some time, with attacks possibly dating back
Droit, a US-based RegTech firm, has raised $23 million in Series B funding. The investment was led by Pivot Partners and UBS, with support from existing investor Goldman Sachs. The funds are expected to be used to develop new products as part of the company’s expansion into the wealth management market. Droit’s Adept platform is primarily used in the capital
Wells Fargo, one of America’s most well-known banks, recently announced the launch of their new digital platform, LifeSync. This comprehensive wealth management solution is designed to give users full access to up-to-date information on their net worth, portfolio performance, market indices, FICO scores and credit card reward balance. Michael Liersch, head of WIM Advice and Planning at Wells Fargo, explained
The U.S. Department of Motor Vehicles (DMV) has recently taken a massive leap forward in modernizing their paper-based systems by launching a blockchain initiative. This initiative seeks to make DMV operations faster, more efficient, and more secure by utilizing the revolutionary technology of blockchain. Oxhead Alpha, a technology firm, is leading the charge in this endeavor and has developed a
As technology continues to evolve, so too does the need for an interoperable metaverse. A metaverse is a virtual world usually accessible through the internet, which allows users to interact with each other and engage in a multitude of activities. It is becoming an increasingly important tool for brands who are looking to create immersive experiences for their customers. Unfortunately,
A new report released by Kidbrooke has revealed the potential of wealth planning software to help insurance companies adhere to regulations, as well as monetise dormant customer segments in their existing books. The challenge of monetising these dormant customers is compounded by the issue of ‘orphans’ – customers who have lost contact with their IFA and no longer have access
Dynasty Financial Partners and BridgeFT have recently announced a groundbreaking partnership that will revolutionize the wealth management industry. This exciting new collaboration will enable Dynasty to provide integrated wealth technology services throughout their network, offering a more streamlined experience for their clients. The key to this partnership lies in BridgeFT’s revolutionary WealthTech API. This innovative technology eliminates the need for
Blockchain technology has been gaining in popularity over the past few years, as businesses look for new ways to transact without the need for third parties. The industry is continuing to grow and evolve, with more companies now looking to explore the potential of blockchain solutions for their supply chains. In this regard, Spanish technology firm Finboot has teamed up
