March 2025 – Page 9 – FintechDaily

Putin Directs Russian Bank to Collaborate with China on AI Initiatives

Sberbank, the largest banking institution in Russia, has been directed by President Putin to enhance collaboration with China in the development of artificial intelligence (AI)...

Exploring the Transaction Journey and Evaluating Nature-Related Risks

Dr. Nicola Ranger, the director of the Global Finance and Economy Group at the Environmental Change Institute, University of Oxford, recently delivered a keynote address...

Lloyds to Reduce UK Workforce and Transfer IT Skills to India

Lloyds Banking Group is set to make significant changes to its workforce by eliminating hundreds of permanent IT positions in the UK while simultaneously expanding...

Transforming Nature into a Valuable Investment

The "Showcase of the Art of the Possible" session within the Sustainable Finance live section aimed to illuminate the process of transforming natural capital into...

Nationwide Streamlines Data Infrastructure to Support Generative AI Initiatives

Nationwide Building Society is set to enhance its utilization of Generative AI following a successful initial deployment in collaboration with Microsoft. The UK-based financial institution...

The Importance of Data in Nature Capital

In the final panel discussion of the day, led by Richard Peers, founder of ResponsibleRisk, the focus was on the integral role of data in...

RBC and Cohere Partner to Co-Develop Generative AI Models for Enhanced Data Security and Privacy

The Royal Bank of Canada (RBC) has joined forces with AI company Cohere to co-create a sophisticated security and data privacy application leveraging generative AI...

BBVA Launches Bitcoin and Ether Trading and Custody Services in Spain

BBVA has received approval from the Spanish Securities and Exchange Commission (CNMV) to offer custody and execution services for retail cryptocurrency trading in Spain. Following...

UK Fintechs Make a Positive Contribution to the Nation

The FinTech Impact Report 2024 reveals significant advancements in the UK fintech sector, particularly in enhancing financial inclusion and promoting sustainability across the nation. According...

Human Oversight Essential as Banks Start Implementing GenAI

Financial services organizations are increasingly prioritizing active human oversight in the training and interpretation of models, alongside critical decision-making processes, as they initiate the integration...