Lender DMI Finance snaps up $47m in funding
Indian lending firm DMI Finance has reeled in $47m in equity investment from new investor Sumitomo Mitsui Trust Bank.
HSBC and BNY Mellon adopt Quantexa’s AI technology to enhance operational efficiency
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.
French finance minister warns that Facebook’s Libra project would put an end to states’...
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.”
Is ESG the next big legislative battleground?
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.
Starling Bank launches debit cards made from recycled plastic
UK-based digital bank Starling Bank has introduced debit cards made of recycled plastic in a bid to boost its sustainability goals.
North Korean cybercriminals stole almost $400m worth of digital assets in 2021
Research by Chainalysis has found North Korean cybercriminals stole close to $400m worth of digital assets across at least seven cyberattacks last year.
Navigating the evolving cyber threat landscape
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.
Deposit Solutions becomes Germany’s second most valuable FinTech unicorn after achieving a $1.1bn valuation
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.
CMA publishes guidance on business environmental cooperation
The Competition and Markets Authority (CMA) has published new guidance on how competition law applies to environmental sustainability agreement between firms.
Why risk assessment is important for financial institutions in a digital era
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.