Sustainable Finance Live to go virtual
Sustainable Finance Live, the series of workshops hosted by Finextra Research and Responsible Risk, is becoming a virtual event in response to the Coronavirus pandemic.
Hong Kong launches roadmap for sustainability reporting
The Hong Kong government has revealed a roadmap to implement International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across public entities by 2028.
Deel’s valuation surges past $17bn after fund raise
Payroll platform Deel has announced an investment of $300m led by new backer Ribbit Capital which has seen its valuation rise to $17.3bn.
UK bids to cut red tape for fintech firms
The UK’s Regulatory Innovation Office is to work with the Digital Regulation Cooperation Forum to cut red tape for fintechs as they navigate complex regulation.
Weaknesses in bank mobile app security are exposing customers to fraud – Which?
Weak banking security measures are leaving customers dangerously vulnerable to fraud on stolen phones, Which? warns.
BIS Innovation Hub targets CBDCs and green finance in 2021
An investigation into the use of multiple wholesale CBDCs for cross-border payments and a DLT prototype for the distribution of tokenised green bonds to retail investors are among the projects on the agenda this year for the Bank for International Settlements Innovation Hub.
UK tribunals rules Visa and Mastercard fees breach competition law
The UK’s Competition Appeal Tribunal has ruled that Visa and Mastercard’s multilateral interchange fees charged to retailers breach European competition law.
NatWest invests in AI startup dedicated to tackling financial vulnerability
NatWest Group has made a minority investment in Serene, an early-stage AI platform dedicated to tackling financial vulnerability.
Monzo surpasses £1bn revenue milestone
UK fintech Monzo has recorded a sharp rise in profitability and posted revenue in excess of £1bn for the first time.
Binance stops accepting new UK customers
Binance has stopped accepting new users in the UK while it works to find a partner to help it meet recently-introduced crypto asset promotion rules.
SBS talks changing face of banking, warns regulation and financial inclusion not optional
Day two of the SBS Summit 2025 continued to prioritise customer experience, but this time with a specific focus on data usage and inclusive efforts to serve the unbanked.
MPs launch excoriating attack on the FCA
An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as ‘incompetent at best, dishonest at worst’, in a hard-hitting report that calls for wholesale reforms at the financial watchdog.
DWS embarks on $2 billion sale of data centre business
Deutsche Bank’s asset management division, DWS, is reputed to be preparing to divest its data centre operations, NorthC in a sale expected to exceed €2 billion
Sibos 2025: Cybersecurity, AI and quantum dominate industry panel
At Sibos 2025 in Frankfurt, experts spanning multinational banks and fintechs explored the emergence of sophisticated cyberthreats. Bad actors are utilising AI, quantum, and machine learning to level up their attacks, but can financial institutions fight fire with fire? The panel ‘Navigating the intersection of technology and financial security’ explored how disruptive technologies will impact the fraud landscape.
Shawbrook embarks on digital recruitment drive
UK specialist lender Shawbrook Bank is set to hire 100 tech workers as it looks to beef up its digital capabilities.