It is “nearly unavoidable” that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.

Payment firms have reacted with disappointment to the news that a plan promoted by the G20 to make cross-border payments more efficient is set to miss its first deadline.

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.

Raoul Herborg, managing director, central bank digital currency (CBDC) solutions at Giesecke and Devrient (G+D) spoke to Finextra on their release of a recent survey on CBDC progress worldwide, and what we can expect from CBDCs in the coming years.

A new study by researchers at Sheffield Hallam University demonstrates the ability of large language models like ChatGPT to predict future interest rate decisions by central banks.

Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.

The strategic partnership with the London-based asset manager will support the expansion of Teylor’s factoring business in seven European countries and establish a pan-European financing vehicle.

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

In an industry where legacy systems often linger far beyond their shelf life, Royal London Asset Management (RLAM) is charting a different course, one that prioritises precision, agility, and strategic clarity.

Massachusetts regulators are investigating Robinhood over the trading app’s recently announced ‘Predictions Hub’, which enables people to bet on the outcomes of various events.

The Financial Stability Board (FSB) has published a global regulatory framework for crypto-asset activities based on the principle of ‘same activity, same risk, same regulation’.

Swiss exchange operator SIX is to axe 150 jobs as part of a three-year strategy to cut costs and boost profits.

World, the crypto biometric project fronted by OpenAI boss Sam Altman, has released a revamped version of its app with support for US dollar virtual accounts and a host of stabelcoins.

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.