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SMA Crown Confidential:
Our News and Updates


AI in Finance — Workforce Digest – Week of 4 August 2026
Visa cuts about 2,600 roles (~7%) and Chime about 150 (~10%) in payments and fintech, both citing AI while declining to name it as the cause; American Banker sets the "AI as cover" critique beside a "bring your own AI" displacement thesis without reconciling them; and a Forbes feature profiles the next generation as family-office AI advocates. No priority wealth, private-banking or asset-management news this run. Each item graded for provenance.


AI in Finance — Deployment Digest – Week of 14 July 2026
Weekly AI-in-finance deployment digest: JPMorgan's agents beat a 60/40 portfolio in backtest, Square switches on ChatGPT and Claude ordering, Morgan Stanley and Citi move client-facing, and an AI-native RIA buys a traditional book. Each item graded for provenance.
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