Ireland’s Government has committed to the establishment of a shared fraud database between financial institutions, utility companies, and payment companies, against a backdrop where scammers stole almost €100 million in 2023.

Kotak Mahindra Bank has opened an API developer platform to spur third party innovation across the bank’s datasets.

JPMorgan Asset Management has launched its first tokenized money market fund on the public ethereum blockchain.

Cloud-native core banking provider Thought Machine has hit unicorn status thanks to a $200 million Series C funding round joined by the investment arms of some of its top bank clients, including JPMorgan Chase, ING and Standard Chartered.

The Pontiff is the latest public figure to offer an opinion on the ethics of using artificial intelligence (AI), issuing a set of principles on the use of new technology.

UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.

CommerzVentures has led a €9.2 million Series A funding round for Sunhat, a German AI-native compliance platform that helps enterprises automatically validate and share ESG and vital non-financial data.

UBS is stepping up its migration to the cloud, setting out plans to have more than 50% of its applications, including critical workloads, running on Microsoft Azure within five years.

AfriGIS, winners of the 2024 Sustainable Finance Live hackathon have developed Resolve Water: a climate and water intelligence for businesses.

The UK Department for Science, Innovation, and Technology announced billions of pounds in investments for AI innovation on Thursday.

British AgTech bank Oxbury has reported a pre-tax profit of £3 million and is on target to reach £1 billion in lending in the coming months.

In a conversation with Pierre-Olivier Brodeur, lead sustainability and decarbonisation projects incubator at the Business Development Bank of Canada (BDC), Brodeur discussed how new positions are being formed to account for sustainable practices and focus on climate solutions in the finance industry.

The layoffs of federal workers in the US as a result of the government shutdown could create numerous blind spots in the regulation of the country’s banking sector, says the CEO of a fintech startup.

Demonstrated by UBS, Chainlink has introduced technology that enables financial institutions to use Swift messages to instruct on-chain token transfers, helping the messaging network become interoperable across nearly all blockchain environments.

Join Finextra at our inaugural London event at the end of November to redefine the role of AI in financial services and explore why the UK AI market is set to grow exponentially.