A coalition of global finance trade associations has called on the Basel Committee on Banking Supervision (BCBS) to make changes to its “excessively conservative and overly punitive” upcoming Cryptoasset Exposures Standard.
Lloyds Banking Group is opening applications for this year’s ‘Launch Innovation’ programme to discover potential business partnerships.
Mastercard is opening up to developers through the launch of a single gateway to a host of Application Programming Interfaces (APIs) covering payments, data, security and ‘new and experimental’ areas such as virtual reality.
Digital identity wallet ID.me has hit a $2 billion valuation after raising $340 million across a funding round, combined with a credit facility.
Embedded business finance platform Liberis has launched a proprietary AI underwriting agent built to boost accuracy and slash decision times.
Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.
The SWIFT Business Forum Ireland 2019 explored how Irish financial institutions can deliver a truly digital customer experience through a spirit of collaboration, while staying secure against evolving cyber threats.
At the Temenos Community Forum 2023, Finextra interviewed senior product director of wealth management at Temenos Alexandre Duret, who discussed how wealth management is picking up pace by deploying new technologies.
Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a “partial understanding” of the AI they are deploying, according to a Bank of England and FCA survey.
The UK saw a slight dip in financial fraud losses in 2022, to £1.2 billion, driven by a 17% fall in authorised push payment (APP) losses.
The UK’s Labour government has announced the Fraud, Error, and Debt Bill to tackle fraud by requiring financial institutions to share data that indicate potential benefit overpayments.
Investment firm Carlyle has agreed to buy intelliflo, a cloud-based practice management software for independent financial advisors in the UK, from Invesco in a deal worth up to $200 million.
Investor services technology provider SS&C Technologies has finalised its purchase of funds processing network Calastone, concluding one of the largest deals between investment management technology firms in recent years.
The US Securities and Exchange Commission has sued Kraken, accusing the crypto trading platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency.
Former defence secretary Gavin Williamson has left his role as an advisor to Lanistar, with the controversial fintech also losing CEO Jeremy Baber and facing a winding up petition over unpaid debts.