The integration of artificial intelligence (AI) in the European banking sector is rapidly transforming operations and significantly impacting employment. BPER Banca, a major player in this technological shift, has announced plans to reduce its workforce by approximately 2,000 positions or about 10% of its staff over the coming years. This move comes as part of the bank’s strategy to optimize
As AI continues to captivate investors, Microsoft Corporation (NASDAQ:MSFT) stands out as a prominent player in this domain. Detailed analyses suggest that the tech landscape is experiencing a significant shift toward AI integration, and Microsoft is often at the forefront of this movement. According to industry experts, the AI infrastructure market is on track for substantial growth, potentially expanding tenfold
A groundbreaking partnership between Assetera, a digital securities distribution platform, and Archax, a digital securities exchange, is set to revolutionize the landscape of tokenized assets in Europe. This collaboration aims to offer investors unprecedented access to tokenized money-market funds, starting with products from abrdn, made available through the Assetera platform. Covering the European Union and European Economic Area (EU/EEA), this
On October 7, 2024, the cryptocurrency market displayed a curious divergence in the behavior of Bitcoin and Ethereum ETFs. Bitcoin ETFs saw significant inflows totaling an impressive $235.19 million, a clear indication of robust investor interest. Leading the way was Fidelity’s Wise Origin Bitcoin Fund (FBTC) with an inflow of $103.68 million, followed closely by BlackRock’s iShares Bitcoin Trust (IBIT),
The government of Palau, in partnership with Japan’s Ministry of Economy, Trade and Industry, and blockchain developer Soramitsu, has launched a groundbreaking savings bonds prototype system named Palau Invest. This initiative aims to raise funds for critical local infrastructure projects and provide residents with an innovative way to save money. Palau Invest represents a significant leap forward for the country’s
Mastercard has launched a groundbreaking real-time card payment solution in South Africa, representing a significant leap forward in the country’s payment technology landscape. This initiative aligns with Mastercard’s strategy to modernize financial transactions to meet the evolving needs of consumers and businesses for faster payment processing. Supported by specialized technology from ACI Worldwide, this move demonstrates Mastercard’s commitment to enhancing
The excitement of the holiday season is palpable as global spending is projected to increase significantly from October to December 2024, reflecting a potent combination of growing consumer confidence and robust economic conditions. Shoppers are ready to splurge, contributing to the commercial fervor that characterizes the end-of-year festivities. However, while these positive trends buoy the market, the complexities of payment
Achieving a significant milestone, Facet, a US-based investment advisory firm, has successfully raised $35 million in a recent funding round led by Multiplier Capital. Founded in 2016, Facet leverages a tech-driven platform to provide tailored financial advice, especially targeting individuals often overlooked by traditional financial institutions. This latest funding boost brings the company’s total raised capital to a notable $210
Farther, a technology-centric financial advisory firm, has successfully closed an impressive $72 million Series C funding round, which it plans to use for expanding its advisor network and enhancing its cutting-edge wealth management platform. The funding, co-led by CapitalG—Alphabet’s independent growth fund—and Viewpoint Ventures, has propelled Farther to a post-money valuation of $542 million. This substantial financial injection is announced
The cryptocurrency market has been buzzing with activity following a monumental move by a well-known trader heavily invested in Shiba Inu (SHIB). This trader, with a history of amassing substantial gains, recently switched his holdings, selling off Neiro Ethereum (NEIROETH) and pouring millions into the First Neiro on Ethereum (NEIRO) token. This strategic adjustment has ignited widespread interest and caused
Artificial Intelligence (AI) is revolutionizing the financial sector, reshaping the way banks, governance, and trading activities operate. As AI technology advances, its capacity to enhance efficiency, security, and customer satisfaction becomes increasingly evident. This article delves into the transformative impacts of AI across different facets of the finance industry. AI in Banking Enhancing Operational Efficiency AI is significantly enhancing operational
Investing can be a tumultuous journey, riddled with the highs and lows of market fluctuations. Traditional financial advisories often ease this ride by balancing risk and return, but they rarely dive into the psychological facets of investing. A groundbreaking study published in the Journal of Banking & Finance addresses this gap by emphasizing loss aversion, providing a new lens through
