Facebook’s proposed blockchain-backed digital currency Libra has already caused a massive disruption even before its launch and sparked concerns at the G7 Finances meeting held on 17 July.
DWS Group, which has acquired a minority stake of 2.68% in Frankfurt-based ESG scoring provider Arabesque S-Ray, is looking to acquire potential minority stake in Arabesque’s AI engine, to use a combination of big data, machine learning and high-performance computing to predict stock price developments.
Bitcoin Suisse, which has its own stable coin – the Swiss Crypto Franc – has applied to the Swiss Financial Markets Supervision Authority (FINMA) for a banking license, to further expand its offering with regulated services and products.
Thanks to Goldman Sachs Investment of €25m, German deposit marketplace Raisin will use these funds to launch its services in the $12,700 bn savings market in the US in 2020.
Nordic financial services group SEB and Scandinavian Airlines System (SAS) have invested SEK 26m (€2.46m) in Combient mix, to build a full-scale artificial intelligence (AI) hub to speed up the digital transformation of a network of Nordic companies. Mats Agervi, CEO of Combient and chairman of Combient mix, predicts that data and AI would drive the future in all sectors.
Spurred by the rising expectations and complexity of data management, Avaloq, the cloud platform and service provider for banks, wealth managers and investment firms, has acquired Derivative Partners AG, a data provider for structured products and derivatives in Switzerland.
CSSF has published its 2018 annual report in which it highlighted tech and ecological transformation of the financial industry.
In its annual report the BIS highlighted the risks incurred by growing debt and called for more balanced economic policies.