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Technology

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
The regulator's inaugural report on use of artificial intelligence by licensees found instances of artificial intelligence (AI) use that was at risk of being at odds with their regulatory obligations.

Australian Ethical awards front office mandate

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
Australian Ethical has awarded State Street's Charles River a mandate to automate its investment portfolio's front and middle office operations.

Acclaim Wealth enters managed account space

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
Acclaim Wealth has partnered with Managed Portfolios to enter the managed accounts space through a managed discretionary account (MDA) service.

ASX listings dwindle as companies abandon public markets

ANDREW MCKEAN  |  FRIDAY, 11 OCT 2024
The number of publicly listed companies on the Australian Securities Exchange (ASX) has plummeted over the past year, according to its latest monthly activity report.

Carnegie's MHC Digital, Circle target local stablecoin push

ANDREW MCKEAN  |  TUESDAY, 1 OCT 2024
Venture capitalist Mark Carnegie's MHC Digital Group and fintech Circle have teamed up on a plan to ramp up USDC stablecoin distribution in Australia and Asia Pacific, exploring institutional use cases.

Praemium unveils Spectrum for HNWs

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
Financial advisers now have access to a suite of solutions specifically tailored to high-net-worth (HNW) clients, known as Praemium Spectrum.

ART, Perennial back debt collection fintech

MATTHEW WAI  |  TUESDAY, 24 SEP 2024
A local fintech, backed by Australian Retirement Trust and Perennial Partners, has completed a $60 million capital raise.

RBA doubling down on wholesale CBDC

MATTHEW WAI  |  THURSDAY, 19 SEP 2024
The Reserve Bank of Australia (RBA) and Treasury has today released a report on central bank digital currency (CBDC), citing a three-year project is now underway for wholesale CBDC.

Northern Trust expands fixed income trading capability

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
Northern Trust has launched its Integrated Trading Solutions (ITS) fixed income outsourced trading capability in the Asia Pacific (APAC) region.

BT outsources to SS&C Technologies

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
BT awarded SS&C Technologies a unit registry services mandate as it outsources the function to the technology and services provider.