A-Team Insight Author: A-Team
Bridgewise Raises $21M to Expand AI Financial Intelligence Platform for Global Securities
Bridgewise, the AI-powered investment analysis platform, has successfully completed a $21 million funding round, increasing its total capital raised to $35 million. The investment was spearheaded by SIX Group and included contributions from Group11 and L4 Venture Builder, along with other global financial institutions. The company provides advanced AI-driven solutions that serve a diverse client...
Snowflake Report Says Asset Servicers Are Using Cloud as Agent of Change
Institutional client services (ICS) providers are harnessing cloud-based technologies to develop new capabilities, including artificial intelligence (AI), as they transform their business models to suit a fast-changing global financial system. In a bid to differentiate themselves they are seizing opportunities offered by cloud processing to “take more control over the assets they traditionally entrust to...
GoldenSource Offers SaaS EDM Solutions on AWS Marketplace
Enterprise data management (EDM) technology provider GoldenSource has made a range of EDM solutions available on AWS Marketplace. Financial services companies including hedge funds, asset managers, asset servicers, custodians, banks and brokers can access third-party software, data, and other services on the cloud platform via the New York- and London-based company’s new AWS Marketplace presence....
The Potential and Pitfalls of Large Language Models
By Tony Seale, Knowledge Graph Engineer at Tier 1 Bank. Large Language Models (LLMs) like ChatGPT possess enormous power, stemming from their capability to ingest and compress vast amounts of general information gathered from the web. However, this capability is general rather than tailored to your specific business needs. To effectively utilise these models in...
Dow Jones Risk & Compliance Deploys Generative AI to Transform Due Diligence
Dow Jones Risk & Compliance has launched an AI-powered research platform to help clients reduce the time and effort in building investigative due diligence reports from multiple sources. The new offering aims to reshape compliance workflows, creating an additional layer of investigation that can be deployed at scale. Dow Jones Integrity Check is an automated...
Build and They will Come: Accelerating Market Efficiencies for Tokenised Securities with Institutional-Grade Infrastructure
By Fernando Luis Vázquez Cao, CEO, SBI Digital Asset Holdings. The emergence of tokenised securities heralds a transformative shift much like the advent of the internet. Just as the world wide web transformed how we exchange information globally, tokenisation holds the potential to revolutionise how we transact and invest in financial markets, unlocking new opportunities...
Verdane Takes Majority Stake in Regulatory Intelligence Specialist Corlytics
Specialist growth investor Verdane has taken a majority equity stake in regulatory intelligence provider, and has committed to accelerating organic growth and M&A, building on Corlytics’ client base of 40% of the top 30 Systemically Important Financial Institutions (SIFIs). The transaction, which was managed by investment bank Baird, is a cornerstone investment from Verdane’s newly...
Kyte Broking Limited Enhances Client Communications to Include WhatsApp and Telegram
Futures and Options broker Kyte Broking Limited, part of the Market Securities Group, has announced the introduction of WhatsApp and Telegram as approved customer communication channels, significantly enhancing client interaction capabilities. This development comes as a solution to the previous challenges posed by strict regulatory demands for broker-client communications. Previously classified as ‘off-channel’ by the...
New Bloomberg Indices Provide Sovereign Bond Climate-Tilted Benchmarks
Investors seeking to integrate measures of climate transition risk into the portfolio management process **can now benchmark against countries’ climate preparedness via a new set of Bloomberg indices. The Bloomberg Government Climate Tilted Bond Index family integrates carbon-reduction performance and other factors into sovereign bond indices. They are built with Bloomberg’s proprietary Government Climate Scores, which...
$10m Cash Injection Adds Fuel to IDL Growth
Iceberg Data Lab’s (IDL) meteoric growth has been given another boost. The Paris-based ESG data start-up last week received a US$10 million cash injection in a series A funding round. The company, which uses artificial intelligence to power a data model that founder Matthieu Maurin boasts has “no data gaps”, received backing from investors including...