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Just days after OpenAI configured ChatGPT for investment bankers, Anthropic responded on Monday with a targeted suite of AI tools built specifically for wealth managers. London's trading industry is coming home! Dubbed "Claude for Financial Advisors," Anthropic's new tool integrates directly with a roster of institutio
Financial institutions ask customers for passports, facial images, addresses and information about their money to meet regulatory requirements. Stored together, however, the same records can become a ready-made targeting file for criminals, and obtaining it may not require breaking into a bank’s systems. London's tradi
Revolut has appointed Nilesh Khatwani as Global Head of Institutional Sales, Crypto, hiring an executive with extensive institutional crypto sales experience. London's trading industry is coming home! His appointment comes as Revolut develops crypto products for companies and professional users and prepares to offer re
xStocks has surpassed $800 million in assets backing its tokenised stocks and ETFs, while the number of unique holders has exceeded 300,000, according to figures released by the company. London's trading industry is coming home! The network now covers 715 tokenised instruments across ten blockchains and reports more th
Cryptocurrency trading volumes across Robinhood and Bitstamp increased 61% month over month to $17.5 billion in August, although activity remained 38% below the previous year’s level. London's trading industry is coming home! Bitstamp generated $10.1 billion of the total, exceeding the $7.4 billion traded through the R
Platforms marketing or selling event contracts in Europe may need authorisation under financial, crypto-asset or national gambling rules, ESMA said. London's trading industry is coming home! In the latest Trends, Risks and Vulnerabilities report , regulator added that the largest prediction-market platforms do not curr
OpenAI has launched a finance-focused version of ChatGPT for analysts, bankers and other institutional users. The tool combines the model with market data, company filings and source-backed research features. The release comes as OpenAI tries to make corporate use of ChatGPT a larger part of its business. What Comes wi
AMC Entertainment chief executive Adam Aron asked Robinhood yesterday (Saturday) whether the shares backing its AMC stock tokens are still there once some are lent to short sellers. He put the question on X to Robinhood chief executive Vlad Tenev and chief legal officer Dan Gallagher. Aron called the token model "abhor
The words that let the CFTC bar an event contract from a federal exchange are "gaming" and "involve." On 20 August, Chairman Michael S. Selig told the agency's new Innovation Advisory Committee that the statute defines neither, leaving contracts "at risk of rejection based upon arbitrary whims or political biases." Pro
Visa said more than 160 stablecoin-linked card programmes were live on its network in the fiscal second quarter, with payment volume up nearly 200% year over year. Stablecoin-linked card programmes are creating a working-capital problem as they grow: operators must fund Visa settlement before cardholder payments arrive
Anver Yoffe has stepped down as Head of Regtech and Market Surveillance at eToro, moved to a new flat, acquired a dog and set about building an AI startup in an unglamorous corner of finance: regulatory compliance. “My goal is to create a holistic harmony of all different activities into one coherent, beautiful, advanc
Robinhood is adding Crypto.com’s prediction-market contracts to its app and taking minority stakes in both Crypto.com and OG, the exchange’s prediction-markets business. The companies agreed to a multiyear deal, according to The Wall Street Journal. Financial terms, including the size of Robinhood’s investments, were n
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