Two game-changing announcements in one week from OpenAI: – 𝗚𝗣𝗧-𝗢𝗦𝗦 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. – 𝗚𝗣𝗧-𝟱, released last night, is OpenAI’s most advanced model…
A recent Luxembourg Times report highlights the sector’s impressive contribution to the national economy, and the numbers speak for themselves: The financial sector’s value added per employee is about double that of any other sector in Luxembourg, generating an average of €236,400 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 — but with a twist that could change everything: it’s 100% open-source. 𝐖𝐡𝐚𝐭 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐢𝐬 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭:• Complete transparency: Model weights, source code, and training datasets will be fully open and reproducible. No black boxes. • 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 EU’s 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 (“T”) and the final exchange of cash and securities. Moving to T+1 means trades executed today will settle the next…
Because Finmars isn’t just another fintech product it’s 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.→ Self-host or deploy with partners→…
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. Here’s how digital wealth management can help investors…
As EY warns, wealth managers need to stay ahead of their clients’ rapidly evolving needs and expectations for digital transformation.Here are some recent findings that highlight distinct advantages digital platforms over traditional AWM services: 1. Access: Anytime, AnywhereDigital wealth management platforms provide 24/7 access to portfolios via user-friendly interfaces. This contrasts with traditional brokers, who often require scheduled…
As we step into the new year, the Asset and Wealth Management industry gains fresh momentum. Whether responding to year-end results, recharging for the year ahead, implementing innovative strategies, or adapting to new regulations, this is a pivotal moment for organizations and investors alike. In 2025, we wish all AWM professionals the ability to:– Access…
