Asset managers are investing more in technology but not necessarily with an optimal strategy. These investments have been growing by approximately 6 percent per year, according to McKinsey’s 2021 Global Asset Management Survey. Most asset managers focus their technology investments on coping with complex legacy technology estates that are increasingly expensive to maintain. But asset

In today’s rapidly evolving world, the fusion of technology and finance has unleashed a transformative force within the financial services industry. The power of technology has revolutionized the way we manage our money, disrupting traditional banking ecosystems and unlocking new possibilities for individuals and businesses alike. Fintech companies like Swissmoney have embraced technology to drive innovation and

Finance and Business Services are critical industries within all regional economies. They provide services which enable other industries to sustain and grow and provide well-paying careers with multiple pathways for advancement. In this article, we will discuss the Finance and Business Services sector, including recent and projected trends in employment, areas of industry growth, national

Operational efficiency is top of mind for nearly all corporate leaders, with artificial intelligence (AI) use cases gaining traction across industries. While AI has proved to offer a variety of benefits and astound users with its results, those in heavily-regulated industries–like financial services–are posing serious questions about the security, data validity, and ethics of this technology,

Citadel founder and CEO Ken Griffin had some free advice for an at-capacity crowd of MIT students at the Wong Auditorium during a campus visit in April. “If you find yourself in a career where you’re not learning,” he told them, “it’s time to change jobs. In this world, if you’re not learning, you can

What Is Financial Technology (Fintech)? Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives. It is composed of specialized

For risk-averse accountants and chief financial officers, change can be hard. But artificial intelligence and other advanced technologies are coming, and financial officers who don’t adapt may find themselves left behind. “Finance people tend to be inherently conservative. Managing risk is always going to be at the core of the finance role,” said Myles Corson,

Artificial Intelligence products are dominating the technology sector. OpenAI and its chatbot, ChatGPT, have made headlines for passing standardized testing, generating complex software code, and helping individuals with tax filings. Microsoft Co-Founder Bill Gates said OpenAI’s developments will be “as revolutionary as mobile phones and the Internet.”[1] ChatGPT has become the fastest platform in the

Millions of underbanked people around the world are finally getting access to financial products such as savings accounts, investing and loans. They have technology to thank. “There’s this new type of excitement about putting your money to work for you,” Flori Marquez, the founder and senior vice president of BlockFi, a cryptocurrency trading platform, told