Robinhood CEO Vlad Tenev has predicted that tokenisation will reshape the financial system worldwide, describing the trend as an “unstoppable freight train.” Speaking at a conference in Singapore, Tenev said most countries are likely to adopt tokenisation frameworks within five years, with full adoption across all financial instruments potentially taking a decade.

AI will transform finance, boosting profits and automating up to half of jobs, says Citi. The report finds 54% of banking jobs highly automatable and 12% augmentable by AI. AI is in a proof-of-concept stage but is rapidly advancing.

Source: Mendix

Mendix, a Siemens business and the global leader in enterprise low-code, released a survey showing that, despite being one of the first sectors to embrace digitalisation, the financial services industry is still mired down with complex processes and inadequate tools that are hindering its growth.

Citi today announced the launch of an enhanced version of its proprietary AI platform, Citi Stylus Workspaces, now powered by Agentic AI.

According to a survey conducted by NTT Data, Generative AI is playing a crucial role in driving the transition of banking applications to the cloud, as reported by nearly two-thirds of industry professionals.

Regulators in France and New York have struck an agreement that will make it easier for their fintech firms to enter each other's markets.

Enterprises investing in AI within the financial technology sector are realizing a 136% return on investment, saving $1.36 million for every $1 million invested over three years, according to a global study by Financial Times Longitude for Basware. Despite ongoing economic uncertainty and global trade disruptions, AI adoption is proving to be a direct driver of financial performance. With the global AI market projected to hit $4.8 trillion by 2033, interest in AI-driven efficiencies continues to surge.

JPMorgan Chase CEO Jamie Dimon is facing criticism from shareholders for failing to provide enough detail about the bank's mammoth technology spending plans and the decision to launch a digital-only bank in the UK, according to the Financial Times.

Financial services companies in North America could unlock up to US$140 billion in productivity gains and cost savings by 2025 if they employ new technologies that help improve the efficiency and effectiveness of their workforces, according to a recent study by Accenture.

A recent Boston Consulting Group (BCG) report reveals that while nearly all banks have invested in AI technology, only 25% have fully integrated it into their daily operations, with most still stuck in pilot phases or proof-of-concept stages.

Source: Dynatrace

Software intelligence company Dynatrace (NYSE: DT) today announced TSB Bank is using the Dynatrace platform to accelerate innovation as it expands digital services for its customers.

Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced that it has received $290 million in Series B funding at a post money valuation of $6.8 billion.
The funding was led by Salesforce Ventures with additional funding from existing investors, including Softbank Investment Advisers and Goldman Sachs.