AGP Executive Report
Last update: 10 hours agoMarkets & Rates: The Federal Reserve held rates steady, and U.S. stocks edged higher as investors weighed Big Tech earnings and rising AI investment. Digital Markets: Nasdaq launched Eqlipse Digital to connect tokenized assets with established market infrastructure and invested in regulated 24/7 venue One Trading. Ripple and BNY expanded their partnership to explore tokenized trade finance. Fintech Funding: Wealthsimple raised $425 million in a GIC-led round at a reported US$9.8 billion valuation, even as fintech funding hit a two-year low in Q3. Circle backed a South African payments firm operating in 30 markets. Banking & Risk: Banks are raising concerns about consumers giving AI agents access to financial accounts. The Bank of England warned that UK banks’ reliance on U.S. tech firms for AI could leave them vulnerable, while cyberattacks on South Korean financial firms highlight growing security risks. Lending: FinWise reported $2.1 billion in third-quarter loan originations and $10 million in net income, including a gain tied to an acquisition.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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