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Latest Results from /markets

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Delta Capita buys SETL capital markets business

Delta Capita is setting up a distiributed ledger venture, acquiring the capital markets business of blockchain firm SETL and signing up Montis Group as an anchor client and minority investor.

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Jeremy Hunt dismisses AI warnings and insists UK leads the AI race

Chancellor Jeremy Hunt waved away concerns on rapid AI development at a Politico event in London on Wednesday, and insisted that the UK needs to step up in the global AI race.

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Iress to reduce global headcount by 10% amid major restructuring

Financial technology firm Iress is to cut ten percent of its headcount amid a restructuring effort that will entail a leadership reshuffle and the divestment of its the Managed Fund Administration and platform services.

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IFGS 2023: Singapore seeks coordinated and global approach to fintech

In the fireside chat with the Monetary Authority of Singapore (MAS), chief fintech officer, Sopnendu Mohanty, discussed the current financial landscape in Singapore and the fintech developments in the region with moderator Sasha Qadri.

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FS giants prep for cyber defence exercise

The Financial Services Information Sharing and Analysis Center (FS-ISAC) has brought together nearly 30 financial firms for a Nato live-fire cyber defence exercise.

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Communications surveillance outfit VoxSmart raises $12m

London-based communications surveillance group VoxSmart has raised $12 million in funding from existing investors, including ToscaFund.

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Deutsche Börse leads €8 million investment in Next Gate Tech

The corporate venture capital unit of Deutsche Börse has led an €8 million investment round in Next Gate Tech, a supplier of data management software to the funds industry.

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T Rowe tests Avalanche blockchain Subnet

T Rowe Price Associates and WisdomTree are among the FS firms testing the Avalanche blockchain for executing FX and interest rate swaps.

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FCA to host Greenwashing TechSprint

The UK's Financial Conduct Authority is to host an international operational forum aimed at developing tools to tackle the rising tide of greenwashing in financial services.

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Welcome to BloombergGPT, a large-scale language model built for finance

Market data giant Bloomberg is set to capitalise on the craze for all things AI by building a 50-billion parameter large language model for finance, dubbed BloombergGPT.

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JPX takes stake in Nomura-led blockchain business Boostry

Japan Exchange Group (JPX) is taking a stake in Nomura-led blockchain project Boostry as part of a deal to push the development of the security token market.

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SEB and Crédit Agricole launch green-tinged blockchain-based bond platform

SEB and Crédit Agricole CIB are jointly launching so|bond, a sustainable platform for digital bonds built on blockchain technology that rewards participants for improving their environmental footprint.