HSBC earmarks $100 million to fund green technology
HSBC is to allocate $100 million to funding green technology projects as part of the Breakthrough Energy Catalyst network.
Bitcoin price tops $100,000 for first time
Bticoin prices have surged past the $100,000 mark for the first time as retail and institutional investors look to cash in on a Trump-driven market rally.
Cox Automotive reiterates value of smooth title processing
Title work is crucial for consignors, dealerships and finance companies when getting repossessed vehicles through the wholesale market, especially since they’re likely in a negative position if the contract holder defaulted just a few months into the term. James Canepari, … [Read More]
UK MPs demand urgent action on bank IT failures
UK politicians have rounded on the nation’s banks over an “unacceptable” level of IT crashes and outages, calling on regulators to take action to improve operational resilience across the sector and to consider the implementation of new rules on cloud service providers.
Bank of England accused of ‘blundering’ to security disaster as hundreds of laptops go missing
The Bank of England has been castigated for losing hundreds of laptops and phones amid an escalating cyber threat.
Globacap raises $21m to digitise private capital markets
Globacap, a technology firm working to digitise and automate the world’s $12 trillion private capital markets, has raised $21 million in Series B funding.
HSBC promises $17bn investment in technology
Europe’s biggest bank HSBC is planning to invest between $15-$17bn in new technology as part of a new growth strategy announced by its chief executive John Flint.
Tesla’s annual EV sales drop for first time in over a decade
Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that…
Capital One: ‘Swiss cheese,’ multilayered approach needed to fight fraud
After auto fraud exposure hit record highs in 2024, lenders and dealers are using multilayered fraud-prevention systems and looking to…
2021: A year to unite sustainable finance standards and taxonomies
In his FinextraTV predictions interview for 2021, David Harris, group head of sustainable business at London Stock Exchange Group, speaks to how the year is likely to see sizeable progress around sustainability.
ING builds analytics academy to help employees with data skills
ING is setting up an ‘analytics academy’ where any member of the Dutch bank’s staff can brush up on their data skills.
Monzo CEO Anil pushed out over boardroom disagreements
Recently departed Monzo CEO TS Anil was reportedly pushed out by the challenger bank’s board of directors over disagreements about IPO timelines.
CommBank signs five-year deal with AWS
CommBank has entered a five-year deal with Amazon Web Services (AWS) to continue as the bank’s preferred cloud provider.
Two-thirds of bank staff using unapproved AI tools – survey
The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.
Lloyds appoints head of responsible AI
Llloyds Banking Group has reacted to the growing pressure on banks to build safeguards around their deployment of artifical intelligence tools by appointing Magdalena Lis as head of ‘responsible’ AI.