Similar Posts
Franklin Templeton Launches Low Tracking Error ESG-Screened Core ETFs for Sustainable Investing
Franklin Templeton has launched two new Article 8 UCITS ETFs, the Franklin S&P 500 Screened UCITS ETF and the Franklin S&P World Screened UCITS ETF, in response to the increasing demand for sustainable investments from UK and European investors. These funds are part of a broader suite of sustainable index-tracking offerings, bringing Franklin Templeton’s total to 17 UCITS ETFs under the Sustainable Finance Disclosure Regulation. Set to be listed on major European exchanges in April 2025, the ETFs focus on ESG criteria, excluding companies in controversial sectors and aiming for improved carbon intensity and ESG scores.
Euro Area Countries Delay TARGET Reform: Missed Deadlines Threaten Economic Progress
The European Central Bank (ECB) has delayed the amendment of the TARGET Guideline, affecting non-bank payment service providers (non-bank PSPs) seeking access to the TARGET payment infrastructure, now set for October 2025. Originally aimed at expanding participation rights for non-bank PSPs, the delay results from slow national legislative processes in eurozone countries, particularly regarding the Settlement Finality Directive (SFD) and Payment Services Directive (PSD2). This postponement aims to prevent legal uncertainties and allows national central banks to grant access to non-bank PSPs that comply with legal changes. Stakeholders are urged to monitor legislative developments to foster a competitive payment environment.
Ramp Enhances Stripe Partnership to Streamline Cross-Border Payments Effortlessly
Ramp, a prominent corporate card and financial operations platform, has partnered with Stripe to introduce digital asset-backed corporate cards integrated with advanced spend management software. This collaboration addresses challenges in global finance, such as long settlement delays, high transaction fees, and currency fluctuation risks. Ramp’s innovative platform allows businesses to fund wallets using local currency converted into stablecoins, leading to faster settlements and lower fees. The solution will initially launch in select Latin American markets, with plans for expansion into Europe, Africa, and Asia, aiming to simplify international transactions and enhance financial operations for businesses worldwide.
Boosting Wealth Management: How AI Elevates Human Expertise for Financial Success
The wealth management sector is evolving from traditional robo-advisory systems to an advanced model called intelligent advisory, which combines artificial intelligence (AI) with skilled Relationship Managers (RMs). This approach enhances client experiences through hyper-personalization, collaborative filtering, hyper-automation, and proactive performance monitoring. WealthForce.ai exemplifies this transformation, offering features like a Nudge Engine and portfolio optimization tools that improve client engagement and operational efficiency. The integration of AI with personal expertise promises a more responsive, personalized, and effective wealth management landscape, marking a new era in client management and satisfaction. For more insights, visit Forbes.
Streamlining Submission Management for Insurers and MGAs: How Magic Submission Transforms the Process
IntellectAI has launched Magic Submission, an AI-powered platform designed to transform the insurance submission management process. This innovative solution addresses the challenges faced by insurers, brokers, and managing general agents (MGAs) in processing high volumes of submissions, which often include both structured and unstructured documents. Magic Submission automates this process, achieving over 95% accuracy and significantly reducing the time required for underwriting decisions. By utilizing advanced technologies like AI and machine learning, it enhances risk selection, improves communication, and ensures regulatory compliance, allowing underwriters to focus on core competencies and ultimately boost business performance in a competitive market.