Latest News – Page 347

HSBC Urges Tech Giants to Assist in Reimbursing APP Fraud Victims

A senior HSBC executive has joined other banking leaders in urging technology and social media companies to contribute to the compensation of victims of Authorised...

Israeli Regulator Approves AI Chatbot for Stock-Picking Recommendations

AI startup Bridgewise has received approval from Israeli regulators to launch a chatbot designed to provide stock trading advice. The Israel Securities Authority (ISA) has...

FCA Introduces Regulations to Safeguard Customers Amidst Payment Firm Failures

The UK's Financial Conduct Authority (FCA) has proposed new rules aimed at enhancing the protection of customers when payments and e-money firms face insolvency. The...

Deutsche Bank Makes Investment in Partior

Partior, the fintech firm backed by several banks and known for its ledger-based interbank system for real-time clearing and settlement, has secured a $20 million...

Chime Appoints Morgan Stanley as Lead Underwriter for IPO – Bloomberg

Chime is reportedly planning to go public in 2025, with Morgan Stanley set to lead the initial public offering (IPO). According to Bloomberg, which cited...

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...