Company News

Indian lending firm DMI Finance has reeled in $47m in equity investment from new investor Sumitomo Mitsui Trust Bank.

HSBC and BNY Mellon have been announced as early participants in the Quantexa Q Assist program, which features a suite of context-aware generative AI technologies.

Bruno Le Marie, France’s finance minister, said on Thursday that Facebook’s upcoming cryptocurrency Libra should be stopped as it put “the monetary sovereignty of states [in] jeopardy.”

Despite coming into the corporate lexicon in 2004, ESG remained fairly invisible for over a decade. With the fight for the climate heating up, ESG has become a huge part of the climate change discussion.

UK-based digital bank Starling Bank has introduced debit cards made of recycled plastic in a bid to boost its sustainability goals.

Research by Chainalysis has found North Korean cybercriminals stole close to $400m worth of digital assets across at least seven cyberattacks last year.

In our interconnected digital world, the cyber threat landscape is constantly evolving, presenting new challenges and risks to organisations of all sizes. From sophisticated cybercriminals to nation-state actors, the adversaries targeting our digital assets are becoming increasingly adept at exploiting vulnerabilities. In this dynamic environment, robust application security testing has emerged as a critical defence mechanism to protect against cyber threats.

Deutsche Bank has bought a 4.9% stake in open banking startup Deposit Solutions for €50m ($55.2m), making it Germany’s second most valuable FinTech enterprise.

The Competition and Markets Authority (CMA) has published new guidance on how competition law applies to environmental sustainability agreement between firms.  

With every opportunity digital technology has provided to banks, customers and counterparties, it has also altered existing risks and often introduced new ones. While digital transformation is creating major opportunities, understanding and navigating through those risk areas is critical.