AI is not yet ready to manage money, say multi-asset portfolio managers
[ad_1] Key challenges include the fiduciary element of asset management, outdated information in some widely available models, and a preference for traditional machine learning approaches. On the plus side, generative AI offers significant productivity benefits by helping to process massive…
Praemium share price hits 3-year low after disappointing update
[ad_1] Praemium warned that its EBITDA in the first half of the current financial year (FY2024) is expected to be approximately 20 percent lower than the corresponding half last year. The weaker financial outlook, which was revealed at Praemium’s annual…
‘Innovation moves faster than regulation’: ASIC faces challenge to regulate crypto
[ad_1] Last week, ASIC lost a case in the Federal Court against comparison site Finder over whether Finder provided an unlicensed financial service with the crypto product Finder Earn. ASIC argued it was a “bond”, but Judge Brigitte Markovich disagreed….
4DMedical helps UCSD Health breathe easier with lung imaging contract
[ad_1] 4D medical (ASX:4DX) announced a three-year agreement with UC San Diego (UCSD) Health, ranked among the top 10 respiratory hospitals in the United States. The agreement will bring 4DMedical’s innovative lung imaging technology into clinical use at some of…
Fintech M&A/wealth expected to soar
[ad_1] According to Forte Asset Solutions director Steve Prendevil’s annual market commentary – seen by InvestorDaily – technology is emerging as a disruptive force in financial services mergers and acquisitions, with a number of technology entrepreneurs eyeing the financial planning…
Decimal is expanding into the US market
[ad_1] Decimal’s founder, Jan Kolbusch, is currently based in the US before setting up an office in San Francisco. The expansion comes as Decimal looks to capitalize on developments in the US fintech market, particularly the proliferation of “robo-advice”. “The…
IRESS, Rubik Named Best Hint Software
[ad_1] Investment Trends” 2014 Financial Planning Software Benchmark Report also named Asgard’s AdviserNETgain among the top three. AdviserNETgain was rated the best hybrid planning app/platform, while Rubik’s Provisio was rated the best retirement advice app. “IRESS has continued to develop…
NSW Premier launches fintech hub
[ad_1] The new centre, called ‘Stone and Chalk’, will be located at 45 Clarence Street in Sydney’s CBD and will be chaired by FSI expert and former AMP CEO Craig Dunn. DEXUS Property has been appointed as the manager of…
China faces fiscal headwinds, while India’s growth potential is tempered by realities
[ad_1] Speaking this week, Arup Raha, head of APAC Economics at Oxford Economics, emphasized that China has enough fiscal capacity to provide a short-term economic boost. Raha emphasized that the challenge facing China is not its ability to provide fiscal…
Markets are entering a lame duck period ahead of Trump’s inauguration
[ad_1] With President-elect Donald Trump’s inauguration only at the end of January, a chief investment officer believes a “lame duck” period has arrived for global markets. “The initial global market reaction was to extend the so-called ‘Trump trades’, leading to…