Latest News – Page 66

Finastra to Focus on Addressing Financial Exclusion and Supporting SME Funding Challenges

Finastra is committed to innovation and advancing its open cloud platform strategy, aiming to positively impact nine million lives globally while addressing significant issues such...

More Than Half of Those Following Financial Advice on Social Media Have Lost Money

Research from TSB indicates that of the 31 percent of individuals who followed financial advice on social media, more than half (55%) incurred financial losses....

Nationwide Partners with Microsoft and Accenture for AI-Driven Cybersecurity Solutions

Nationwide Building Society has partnered with Microsoft and Accenture for an AI-driven transformation of its cybersecurity operations. Accenture and Microsoft are co-investing in generative AI-powered...

Traditional Practices Won’t Achieve Sustainable Goals in Finance

Financial services firms are increasingly urged to shift their mindsets towards effectively managing risks while also achieving sustainable objectives. Sandy Trust, the sustainable finance consulting...

FCA Shuts Down 1,600 Websites in Battle Against Financial Crime

In 2024, the UK's Financial Conduct Authority (FCA) took significant action against websites suspected of promoting unauthorized financial services, resulting in the suspension, removal, or...

NatWest to Evaluate Carbon Emissions Application

NatWest is launching an innovative eight-week pilot program for an app designed to calculate customer carbon emissions based on their spending activities. The UK bank...

Renewable Energy’s Role in Cryptocurrency Mining Less Significant Than Initially Suggested

Renewable energy's role in cryptocurrency mining is increasingly significant, particularly through the use of hydroelectric power, as highlighted by a study from the Cambridge Centre...

Ziglu Goes into Administration

Ziglu, the cryptocurrency startup founded by former Starling co-founder Mark Hipperson, has entered administration. Based in the UK, the once-prominent crypto business had a valuation...

Wise Faces $4.2 Million Penalty from Multiple U.S. States for AML Shortcomings

Money transfer giant Wise has been fined $4.2 million by multiple US state regulators due to deficiencies in its anti-money laundering (AML) controls. This multi-state...

Exploring Sustainable Finance and ESG: Beyond Climate Action and Environmental Concerns

As we navigate the complexities of wildfires, hurricanes, social upheavals, and the ongoing pandemic, the concluding day of Sibos 2020 centers on the theme of...