DBS to shrink workforce by 10%
Singapore’s DBS Group expects to dispense with 4000 contract and temporary emloyees over the next three years as AI takes centre stage.
Sustainable Finance Live 2023: How to move fast and break things to disrupt the inertia
Kicking off Sustainable Finance Live 2023 at Events@no6 in London, founder of ResponsibleRisk Richard Peers, highlighted the objective of this year’s event, to bring people together in their likeminded desire to drive sustainability in their work.
FCA asks court to lift consolidated tape contract suspension
The Financial Conduct Authority has filed an application with the UK’s High Court to lift a suspension on a contract it awarded for a bond consolidated tape.
Credit Agricole CIB kickstarts quantum project
The corporate and investment banking arm of CIB has teamed up with Pasqaland and Multiverse to explore applications for quantum computing in finance.
Sibos 2019: Cloud services- huge burden of security responsibility
Security does not come embedded in a cloud service, nor are cloud services something you can choose to avoid, panellists discussed during one of the opening panels at Sibos 2019, London.
Esma to take on oversight of crypto and stock exchanges
The EC is planning to move regulation of cryptocurrency firms, stock exchanges and clearing houses from national watchdogs to the European Securities and Markets Authority (Esma).
Deutsche Börse forms wide-ranging digital asset partnership with Kraken
Deutsche Börse is teaming up with crypto exchange Kraken in a bid to bridge traditional financial markets and the digital asset economy, spanning trading, custody, settlement, collateral management, and tokenised assets.
Ripple launches XRP developer platform
Ripple has launched a developer platform to help third parties build new products using its private cryoptocurrency XRP.
UBS invests in AIOps platform BigPanda
UBS has invested in tech unicorn BigPanda, which uses artificial intelligence to detect and respond to incidents in complex IT systems.
West Midlands emerges as UK fintech hub
The West Midlands is gaining recognition as one of three fintech hubs in the UK, according to a new report revealing that the sector supports more than 11,000 jobs in the region.
Pine Labs eyes $400m target for upcoming IPO
Indian payments company Pine Labs is reportedly seeking to raise more than $430m from its upcoming IPO in Mumbai.
Revolut tops fraud leaderboard by a country mile
The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.
Extend raises $11m for virtual card issuance platform
Virtual corporate credit card issuance startup Extend has raised $11 million in a Series A funding round led by Point72 Ventures and FinTech Collective.
Biden nominates ex-Mastercard CEO Banga for World Bank president
President Biden has nominated former Mastercard CEO and president Ajay Banga to serve as president of the World Bank.
Yahoo buys social investing platform Commonstock
Yahoo has acquired Commonstock, a social platform that lets retail investors link their brokerage accounts and share their portfolio’s performance and discuss their trades and strategies. Terms of the deal were not disclosed.