In the first ever comprehensive recommendation to be provided by a US financial regulatory agency to other regulators and financial institutions, the US Commodity Futures Trading Commission’s (CFTC) Climate-Related Market Risk Subcommittee has released a strong warning signal about climate risk management.

A collection of fintech players, including Nasdaq, Yodlee, Tradier and Level39, have joined forces to create an ecosystem that connects developers with APIs.

Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

Ahead of COP26, Bank of America Global Research has issued a net-zero primer and stocks picks report, which predicts that $5 trillion will need to be invested every year for the next 30 years, if global emissions targets are to be reached.

Employees working in the financial services sector are 30% less trustworthy than colleagues in other sectors.

Banking-as-a-Service startup BKN301 has topped up its recent Series B funding round with a £10 million credit facility and acquired AI-driven financial analytics and open banking specialist Planky.

Blockchain-based lender Figure Technology has filed with the SEC for an initial public offering.

Citi has invested in low code platform Genesis Global Technology in an effort to drive business workflow efficiencies across multiple business lines.

The UK’s Financial Conduct Authority (FCA) has picked OneMarketData for the provision of a new cloud-based market surveillance and visualisation system.

78% of institutional investors agree that technology has made financial markets ‘better and more efficient.’ This figure is staggering when compared to the 20% of participants who feel that technology has ‘made financial markets overly complicated.’ But where does the cloud fit in?

Singapore’s DBS has added a feature to its AI-powered financial and retirement planning tool that provides retail customers with investment recommendations tailored to their profiles.

As artificial intelligence reshapes the business landscape, fintechs stand poised to usher in a fresh wave of disruption as the industry emerges from a prolonged slump.

Anthropic, the AI startup backed by Amazon and Google, has expanded Claude for Financial Services with an Excel ad-in and more connectors to real-time market data and portfolio analytics, including from LSEG.

Casap, a firm using AI to automate payment disputes and tackle first party fraud, has raised $25 million in a Series A funding round led by Emergence Capital.

KPMG’s bi-annual Pulse of Fintech report paints a sorry picture for the global fintech sector in H2’24 as both fintech investment and the number of deals fell to levels not seen since 2017.