The proof-of-concept of what has been dubbed the Regulated Settlement Network (RSN) showcased the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for domestic users of US dollars and regulated securities.
Lloyds Banking Group has invested €3 million in technology company Enigio to expand its use of digital documentation in trade.
IMP+ACT Alliance today launched the IMP+ACT Classification System (ICS), which will allow asset managers to self-report how they classify, measure and manage ESG impact, serving financial risk mitigation strategies and advancing global goals such as the UN’s Sustainable Development Goals (SDGs).
Australian AI decisioning platform for bank business lending, Rich Data Co., has signed its first major US deal with M&T Bank Corporation.
Cloud9, a New York-based supplier of voice trading software, has raised $17.5 million in a Series B funding round led by UBS and joined by existing investors JP Morgan and Barclays.
Powersports lender Octane today appointed Chief Financial Officer Steven Fernald to serve as the company’s first president. Fernald will lead…
The imminent introduction of the EU’s Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.
London-based RegTech Cube has acquired operational risk AI and technology provider Acin. Financial terms were not disclosed.
African financial services giant Old Mutual is moving to the cloud, with Amazon Web Services (AWS) as its preferred provider.
The innovation and ventures unit of Standard Chartered has joined forces with asset manager Franklin Templeton to launch a “wealth, health and lifestyle” consumer platform in Singapore.
A vast majority of consumers are concerned that increasingly sophisticated AI will be used for financial scams and a similar number expect their banks to use the same technology to protect them, according to recently published research
Green fintech Iceberg Data Lab has launched a new product that harnesses generative AI technology to generate real-time, text-based and fully sourced explanations in response to questions regarding the ESG data of portfolio companies.
Klarna is using data sourced from Clarity AI to promote environmentally conscious brands to its global network of more than 150 million active shoppers.
Bite Investments, a technology provider for the alternative investments sector, has secured $25 million in funding from NewSpring Growth.