December 2024 – Page 56

Companies Facing Challenges in Demonstrating ROI for AI Initiatives

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefits, according to recently published research....

Bank of England to Establish AI Consortium

The Bank of England (BoE) is inviting financial services firms to join its artificial intelligence (AI) consortium aimed at regulating the use of this technology...

Ronesans Enerji’s Sustainable Finance Framework

Earlier this month, Ronesans Enerji unveiled its Green Finance Framework, aimed at promoting sustainable development in Turkey. This initiative, a collaboration between financial investment institution...

UK Government Proposes Bill Addressing Fraud, Errors, and Debt Issues

The UK’s Labour government has introduced the Fraud, Error, and Debt Bill aimed at combating fraud by mandating financial institutions to share data that may...

Finextra and Eastnets Release New Insights on the Global Landscape of Trade-Based Financial Crime

This week, Finextra released new research exploring how financial institutions worldwide are addressing the rising challenge of trade-based financial crime (TBFC), which costs the global...

PSR: APP Reimbursement Guidelines Encourage Vigilance Over Complacency

Research from the Payment Systems Regulator reveals that victims of reimbursed fraud become more vigilant regarding fraud risks rather than complacent. A survey of over...

TrueLayer Achieves Growth Despite Financial Losses

TrueLayer, a payments platform backed by Stripe, is facing increasing losses as detailed in its latest financial reports. The company reported a pre-tax loss of...

FCA and Bank of England Launch Digital Securities Sandbox

The UK's two principal financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the launch of their Digital Securities...

Man Admits Guilt in Unauthorized Operation of Cryptocurrency ATM Network

In a significant first for the UK, 45-year-old Olumide Osunkoya from London has pleaded guilty to illegally operating a network of crypto ATMs without proper...

MoneyGram Stunned by UK Post Office’s Decision to Terminate Partnership

US money transfer giant MoneyGram has reacted to the UK Post Office's decision to terminate a longstanding partnership following a cybersecurity incident. As reported in...