AI 'Arms Race' Starting Up in RIA Sector
RIAs of all sizes are starting to grapple with the cost and implementation of AI, potentially speeding some smaller firms to consider a sale.
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Cyclops Raises $20 Million to Scale Stablecoin Platform
Cyclops raised $20 million in a Series A funding round to accelerate the development of its stablecoin rails for the payments industry. The firm enables payments companies to onboard with a single partner and use one API to access stablecoin settlement, pay-ins, payouts and treasury optimization across global corridors, according to a Wednesday (July 15)…
RBI Governor urges banks to leverage AI to cut costs, improve efficiency | Finance News
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday urged banks to leverage advanced technology, including artificial intelligence (AI), to reduce costs, improve operational efficiency and strengthen customer experience while ensuring cybersecurity. During the RBI’s half-yearly meetings with the managing directors (MDs) and chief executive officers (CEOs) of public sector banks…
Calculated Risk: Wholesale Used Car Prices Increased Slightly in December; Up 0.4% Year-over-year
by Calculated Risk on 1/08/2026 10:52:00 AM From Manheim Consulting today: Manheim Used Vehicle Value Index: December 2025 Trends The Manheim Used Vehicle Value Index (MUVVI) rose to 205.5, reflecting a 0.4% increase for wholesale used-vehicle prices (adjusted for mix, mileage, and seasonality) compared to December 2024. The December index is up 0.1% month over…
Vestmark Opens AI Research Center for Wealth Tech
Wealth management technology provider Vestmark has opened the Center for AI Research and Development, a Boston-based facility dedicated to developing AI-enabled software solutions for wealth management. Meant to expand on Vestmark’s current AI and research and development capabilities, CARD will provide a hub for engineering, product development, experimentation and team growth. The center is designed…
Five indicted in Queens cash-out mortgage scheme targeting homeowners
Tony Wanyiu Cheng, 56, a licensed real estate broker from Bayside, allegedly organized the scheme and was present at the closing alongside Chun Kong Lau, 46, of Staten Island. “The defendants stole the identities of husband-and-wife homeowners, impersonated them at a closing and used fraudulent drivers’ licenses and Social Security cards to take out a…
Bengaluru landowner sold 17 flats, made ₹11.8 crore and paid no tax — then won the tax dispute | Know how
A resident of Koramangala, Bengaluru who sold 17 apartments during April 1, 2019-March 31, 2020, and earned capital gains of ₹11.8 crore has won a tax dispute after he contested tax notices issued by the income tax department due to non-payment of income tax on these gains. Even though the landowner made substantial profits from…
