The Bank for International Settlements (BIS) Innovation Hub is reporting a positive case for the use of distributed ledger technology in streamlining the green bond issuance process, while making it easier to track projects’ positive environmental impact.

Commonwealth Bank of Australia has clarified comments made by the bank’s chairman at its general meeting over the use of renewable power sources and water to support its AI models.

Entrepreneurial network Founders Forum Group has acquired Tech Nation, rescuing the quango from oblivion after a decade of championing UK startups.

The UK Centre for Finance, Innovation and Technology (CFIT) has put together an industry coalition to fight economic crime through enhanced verification.

The Financial Conduct Authority has moved to clamp down on greenwashing by putting in place sustainability disclosure requirements and an investment labels regime.

Hong Kong fintech WeLab is to expand into the wealth management market after securing a $75 million funding round led by the venture arm of German conglomerate Allianz X.

The Euro Banking Association (EBA) has made its payment fraud taxonomy available to the public in a bid to curb the rising threats to the European payments system.

Earlier this year, Finextra announced Lune, a climate-positive company providing API and software tools, had won the FinTech Zone award at EBAday 2024. The award is presented to companies that have shown true innovation and an ability to deliver a capable solution to a current issue in finance and banking. A few months on from this year’s event, Lune is still making strides towards a better, more streamlined climate process for its clients.