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.

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.

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 is setting up an ‘analytics academy’ where any member of the Dutch bank’s staff can brush up on their data skills.

Recently departed Monzo CEO TS Anil was reportedly pushed out by the challenger bank’s board of directors over disagreements about IPO timelines.

CommBank has entered a five-year deal with Amazon Web Services (AWS) to continue as the bank’s preferred cloud provider.

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.

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.

Open Banking platform Tink has appointed the former financial services lead for Amazon Web Services, Rowan Taylor, as chief revenue officer.

At Sibos 2022 in Amsterdam, we spoke to Adrian Whelan, global head of regulatory intelligence, Brown Brothers Harriman, ahead of his panel session, ‘Green, clean, and ESG: Rewiring capital markets for a new generation of responsible investors.’

Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes.

IBM has launched a public cloud platform designed specifically to meet bank requirements for regulatory compliance, security and resiliency and brought Bank of America onbopard as its first client.

Hong Kong Exchanges and Clearing (HKEX) has launched an international carbon marketplace to connect capital with climate-related products and opportunities.

Lloyds and Mercore have completed a series of transactions that have featured the secondary participation in an accepted digital bill of exchange.

Acknowledging the understanding that, for sustainable finance, there are a lot of opportunities but equally a lot of money and investment needed, a panel of experts at SF.live tackled how to reinvent the value of nature as an asset class.