January 2025 – Page 116

Making Geospatial Data Accessible and Enhancing AI Applications

In the keynote and Q&A session titled ‘What is the role of AI in sustainable finance as we consider the role of satellite-based geospatial data...

Demand-Driven Transition to Green Energy

“We consistently hear from financial leaders that trillions of dollars are allocated to transform economies and cities to achieve net zero. However, many have observed...

Zodia Markets Purchases Elwood’s Over-the-Counter Trading Division

Standard Chartered's digital asset trading arm, Zodia Markets, has acquired the Jersey-based OTC trading business of Elwood Technologies. This acquisition of Elwood Capital Management (ECM)...

The Effect of Payee Confirmation on Instant Payments and Fraud Prevention in Europe

Confirmation of Payee (COP) plays a crucial role in the instant payments infrastructure by verifying account names before transactions, ensuring that funds are directed to...

Deutsche Bank Backs Kodex AI, a Leading LLM Developer

Deutsche Bank's Corporate Venture Capital (CVC) group has made an investment in Kodex AI, a Berlin-based startup that is developing a Large Language Model (LLM)...

Yonder, a startup focusing on card rewards, secures £23.4 million in funding.

Rewards credit card startup Yonder has successfully raised £23.4 million in its latest funding round, achieving a post-money valuation exceeding £100 million. The funding was...

US Regional Banks Participate in $18.7 Million Funding Round for ModernFi

US regional banks Huntington National, First Horizon, and Regions have participated in an $18.7 million Series A funding round for deposit network ModernFi. Led by...

UK Infrastructure Bank to Take a Central Role in HS2 Replacement Project

John Flint, chief executive of the UK Infrastructure Bank, addressed attendees at the Sustainable Finance Live 2023 conference, discussing the bank's involvement in the HS2...

CFPB Targets Bank ‘Junk Fees’

The Consumer Financial Protection Bureau (CFPB) is alerting major U.S. banks about the practice of charging excessive fees for basic customer services, such as providing...

Australia to Grant RBA Oversight of Apple Pay

Australia's government is planning to regulate digital wallet providers like Apple and Google similarly to other payment services. As mobile wallet usage continues to increase,...