Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.
HSBC in Hong Kong is offering mobile customers with as little as HK$100 to invest the opportunity to build a stake in six bond and equity index funds.
Westpac is rolling out fibre optic network technology across all of its branches in an initiative to boost download speeds for customers and improve video-conferencing connectivity.
Barclays bank is to ramp up invesments in climate tech startups to £500 million, with a specific focus on decarbonisation opportunities.
Finastra has published a five-point plan to tackle gender bias in algorithms.
Deutsche Bank has announced plans to axe as many as 450 full time and contractor roles in its Dublin office.
In the wake of Finextra Research’s SustainableFinanceLive event, Richard Peers of ResponsibleRisk spoke with Damian Payiatakis, head of impact investing at Barclays and David Newman, co-founder of software fintech Delio, to dissect their new impact investing platform, Impact Agora.
Struggling French payment firm Worldline plans to raise €500 million in fresh equity to support a turnaround programme aimed at restoring cash flow generation.
Revolut is to launch in the UAE after securing in-principle approval from the Gulf region’s central bank.
Crunchbase is getting an AI-powered makeover, moving away from historical company data towards predictive intelligence that it says will help users forecast with unerring accuracy how private firms are set to grow, what their funding rounds will look like, and future acquisitions.
Social media app X will roll out investing and trading services “soon” and is also pondering its own debit or credit card, claims CEO Linda Yaccarino.
The UK and US governments have set up a transatlantic taskforce to explore collaboration on digital assets.
UK card reader SumUp has reportedly called in investment bankers to measure demand for a potential IPO that could value it at £15 billion.
UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.
Fraud losses in the UK dropped by four percent in 2023, but still topped the £1 billion high watermarket.