What is ethical risk? Ethical risk consists of the risks that could impede an organisation’s ability to live up to its ethical values and standards which impact consumer trust, reputation, and financial performance.

The UK’s Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on.

Digital wealth platform Betterment has acquired the US book of rival Canadian robo advisor WealthSimple.

The funding will support growth ahead of the launch of Zopa’s flagship current account and GenAI proposition in 2025.

Goldman Sachs has joined OS-Climate, a cross-industry initiative hosted by the Linux Foundation that is seeking to shift global investment toward zero-carbon emissions through the development of comprehensive Open Source data sets and evaluation tools.

Canada is setting up a financial crimes agency to take on a rising tide of online scams as part of a national anti-fraud strategy that will also require more action from banks.

At EBAday 2024 in Lisbon, experts came together to address new innovations and exciting prospects for the future of banking in Europe.

More than eight in ten of UK small and medium-sized enterprises (SMEs) would be willing to pay for a Digital Company ID service, according to research commissioned by the Centre for Finance, Innovation and Technology (CFIT).

Deutsche Börse has inked a deal with Google that will see the German exchange operator migrate “material workloads” to the public cloud.

Australia’s payment industry and its domestic payments provider have launched a public consultation on the future of account-to-account payments in the country.

An AI agent running a small vending machine company tried to fire its workers, became convinced it was a real person, and then lied about it in an experiment at Anthropic.

ANZ is scrapping password access to its digital banking arm ANZ Plus, replacing key-based log-ins with two-factor authentication.

A year after announcing its target of 100% e-commerce tokenisation across Europe, Mastercard reports it is almost halfway there.

While 52% of asset management firms use the cloud for data management today, a further 28% plan to migrate data management to the cloud in the next 18 months.