According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.
Australia’s top banks are piloting a fraud and scams intelligence-sharing network using behavioural- and device-based technology from security vendor BioCatch.
Silverbird, the digital payments platform for international trade, has been confirmed to have gone into special administration by the Financial Conduct Authority (FCA).
Finextra Research and Responsible Risk hosted Sustainable Finance Live this week, the third workshop in a series of events encouraging collaboration in the ESGtech space.
The UK’s Financial Conduct Authority has set out its latest steps to improve the integrity of the UK’s crypto market.
Swedish fintech Mynt has been selected by Nordea, the largest bank in the Nodics, to launch a business credit card and spend management service for small and medium-sized enterprises (SMEs) across Sweden, Norway, Denmark and Finland.
In conversation with Finextra, Hirander Misra, chairman and CEO of GMEX Group, and CEO of its carbon tracking company ZERO13, spoke on the complexities of the carbon market and untapped potential for its growth.
Microsoft is making its financial services-specific cloud offering generally available from next month, with Virgin Money UK on board as an early user.
According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.
Two of the biggest names on Wall Street are seemingly about to enter the stablecoin market based on comments made by their senior executives.
Swiss bank Credit Suisse has announced a “series of structural improvements” which will see it combine several divisions in search of operational efficiencies.
US big banks, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo have held discussions on potentially launching a stablecoin that will improve transaction speeds whilst managing competition from encroaching crypto firms.
Goldman Sachs has invested $20 million in DevOps unicorn GitLab as part of a $100 million series D financing round which values the company at $1.1 billion.
Clarity AI has acquired fellow sustainability fintech ecolytiq. Financial terms of the deal were not disclosed.
The London Stock Exchange should seek to get in on the boom in special purpose acquisition vehicles, cryptocurrencies and green finance, says the LSE’s former CEO Xavier Rolet.