Technology

Systematic investment strategies are benefiting from the growing “everyday” use of AI, particularly large language models such as ChatGPT. Partly for this reason, these strategies can now more easily find their way into the wealth segment, observed Adam Riley of Blackrock: “When people use the technology themselves, they better understand its power.”

A dozen major European banks have joined forces to offer a euro stablecoin to clients by the end of this year. “We have a better chance of creating a broadly supported stablecoin than fintechs,” said Floris Lugt, CFO of Qivalis, the joint venture that will issue the crypto payment instrument.

Van Lanschot Kempen is upgrading its investment infrastructure by adopting Amundi’s Alto platform, a move designed to simplify workflows and bring front- and middle-office functions closer together, the Dutch wealth manager told Investment Officer.

Amundi on Thursday announced that it has launched its first tokenized share class, marking a step into blockchain-enabled fund distribution for Europe’s largest asset manager.

Miami-based Allvue Systems said Tuesday it will form a strategic partnership with KPMG Luxembourg to support all client implementation work across Europe, a move aimed at helping global asset managers navigate Luxembourg’s increasingly complex fund landscape.

Claude Marx, head of Luxembourg’s financial regulator CSSF, has sent a stark warning to the financial sector: Europe’s banks and asset managers are already falling behind in the race to adopt artificial intelligence. “We are facing an economic revolution and we should embrace it,” he said.

Artificial intelligence has become the dividing line between progress and obsolescence in Luxembourg’s financial industry.

Investre founder Georges Bock urges Luxembourg to stay ahead as blockchain reshapes the fund industry, warning that technology is advancing too quickly for comfort.

Tokenized funds will overtake traditional structures within five years, says Keyrock CEO Kevin de Patoul, citing cheaper, transparent, inevitable on-chain vehicles.

Robinhood, the Silicon Valley-based brokerage known for disrupting Wall Street with zero-commission trading and meme-stock mania, is making a bold play for Europe. Its strategy? Rewire equity markets using blockchain.