Technology
Sanlam switches on AI in ‘world first’ for fund industry
Sanlam has claimed it is now offering the world’s first ever balanced fund run by artificial intelligence and machine learning.
Demise of the machines as Macquarie closes robo-advice unit
Macquarie’s direct robo-advice service is to be shut down with its automated advice offering integrated into the bank’s wealth platform following the sudden death of founder and chief investment officer John O’Connell.
Middle East | 15 Jun 17
Bahrain to lure fintech startups with regulatory sandbox
The Central Bank of Bahrain (CBB) is to create a regulatory sandbox so that startups and fintech firms can test their ideas and solutions and strengthen the Gulf state’s position as a regional fintech and financial services hub.
Human-robo combo has greatest chance of success
A combination of human and robo could be the answer for underserved Asian investors seeking low-cost technology-driven financial advice, a market that pure robo-advice providers have found hard to crack.
Tax & Regulation | 2 Jun 17
Complex financial crime key driver of rising compliance costs
More complex financial crime and a growing regulatory burden have together been the driving force behind rising compliance costs within the financial services industry, a recent survey has revealed.