Two game-changing announcements in one week from OpenAI: – đđŁđ§-đ˘đŚđŚÂ is an open-source variant of GPT-4, giving developers full model weights, local deployment options, and freedom to fine-tune. This means enterprises can run AI on-premises, adapt it for niche use cases, and fully control sensitive data. – đđŁđ§-đą, released last night, is OpenAIâs most advanced model…
A recent Luxembourg Times report highlights the sectorâs impressive contribution to the national economy, and the numbers speak for themselves: The financial sectorâs value added per employee is about double that of any other sector in Luxembourg, generating an average of âŹ236,400 in gross value added in 2024. Economic impact:⢠Finance accounts for 14% of jobs and about 25% of total economic…
ETH Zurich, EPFL, and the Swiss National Supercomputing Centre are releasing this late summer Europe’s answer to ChatGPT â but with a twist that could change everything: it’s 100% open-source. đđĄđđ đŚđđ¤đđŹ đđĄđ˘đŹ đđ˘đđđđŤđđ§đ:â˘Â Complete transparency: Model weights, source code, and training datasets will be fully open and reproducible. No black boxes. â˘Â Apache 2.0 license: Free for…
On July 4, the European Commission made its position clear regarding the AI Act: there will be no delays, no grace periods, and no exceptions. Despite lobbying efforts from over 100 tech firms, including Google and Meta, the EU is proceeding with enforcement.The first wave began in February 2025, targeting unlawful AI practices and mandating…
The European Securities and Markets Authority (ESMA) has proposed shortening the EUâs settlement cycle from T+2 to T+1, aligning with global trends and aiming to enhance market efficiency and resilience. What is T+1 settlement?The settlement cycle is the period between trade execution (âTâ) and the final exchange of cash and securities. Moving to T+1 means trades executed today will settle the next…
Because Finmars isnât just another fintech product itâs the beginning of a truly open financial data platform, built with the community, not just for it. If you are: A developer building innovative financial tools, A fintech seeking infrastructure that scales with you, Or a data-driven institution tired of vendor lock-in⌠The Finmars Community Edition is your playground.â Self-host or deploy with partnersâ…
We had the pleasure of attending Nexus Luxembourg 2025 with the Finmars team â an incredible gathering of innovators, institutions, and builders shaping the future of finance. Our team was proud to share the Finmars vision: an open-source, modular, API-first platform that empowers financial institutions to analyze and report with speed and transparency. Whether plugging into existing AI…
Finance needs to open up. For too long, financial infrastructure has been locked behind proprietary systems: opaque, inflexible, and costly to scale. At Finmars, we believe itâs time for a shift.Thatâs why weâre going open source. Weâre proud to announce that Finmars is becoming Europeâs first open-source platform for financial data management and regulatory reporting â designed to be:– Modular and composable– AI-native and automation-ready– Governed for trust and aligned…
Capgemini has recently published a report outlining the top trends in Wealth Management for 2025, categorized into three primary themes: 1. Customer-Centric ApproachA focus on customer experience and omnichannel interactions is central to the evolving Wealth Management landscape. Delivering a seamless and consistent experience under a unified brand is critical, requiring well-integrated systems. 2. Enterprise ManagementAchieving agility…
Market volatility continues to be a significant concern for investors. The key to navigating uncertainty lies in a well-diversified portfolio – and digitalization in AWM is redefining how investors achieve this. Digital tools are empowering more informed, agile decision-making, enabling portfolio diversification to become both smarter and more strategic. Hereâs how digital wealth management can help investors…
