FCA aims to rebuild trust in ESG ratings
The UK’s Financial Conduct Authority has set out proposals to rebuild trust in ESG ratings with the introduction of new rules governing transparency and governance.
UK fintech jobs market booms
The UK fintech sector experienced a 44% surge in job vacancies in 2024, driven by venture capital investment and AI, according to a report for recruiter Morgan McKinley.
NatWest looks to sell workplace pension and savings app Cushon – report
NatWest is in talks to offload its 85% stake in Cushon, two years after spending £144 million for majority ownership of the workplace savings and pensions fintech, according to Sky News.
Sustainable Finance Live: Making nature worth investing in
The Sustainable Finance live section session of the day entitled ‘Showcase of the Art of the Possible’ aimed at showing potential journey of discovering natural capital to making it tradable.
Retailers back BNPL alternative from charity-owned lender
A group of UK retailers are backing a new BNPL alternative from charity-owned responsible lender Fair for You.
Binance partners BBVA to let customers keep crypto off exchange – FT
BBVA is working with Binance to provide the crypto firm’s customers with off-exchange custody, according to the Financial Times.
Santander launches Openbank digital brand in the US
Santander has launched its Openbank digital offering across the United States, taking its presence in the country nationwide.
Bank profits face $170bn hit from AI – McKinsey
Failure to adapt to consumers’ increased use of AI could see banks lose as much $170bn, according to a report from McKinsey.
Kraken begins roll out of debit card across the UK and EU
Crypto platform Kraken has rolled out the Krak card, a multi-asset debit card for fiat and crypto payments.
Modern Treasury buys stablecoin platform Beam
Payments orchestration platform Modern Treasury is expanding into stablecoins through the acquisition of Beam. Financial terms of the deal were not disclosed.
Nasdaq unveils Marketplace Services Platform
Nasdaq has launched Marketplace Services Platform, making it easy to exchange assets, services and information across market ecosystems.
Predatory loan apps proliferating on Apple App Store and Google Play
Cloud security company Lookout has uncovered nearly 300 loan apps circulating on Apple’s App Store and Google Play that exhibit predatory behavior, such as exfiltrating excessive user data from mobile devices and harassing borrowers for repayment.
Banks and mobile operators collaborate on Scam Signal for detecting APP fraud
GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.
New York Senate votes for bitcoin mining moratorium
The New York State Senate has passed a bill establishing a moratorium on cryptocurrency mining using carbon-based power sources.
UBS invests in climate fintech Doconomy
Climate fintech Doconomy has raised EUR34 million in a Series B funding round co-led by CommerzVentures and the venture arm of UBS.