Legacy tech set to cost banks $57.1bn by 2028
A study from IDC Financial Insights forecasts global banks are on track to spend $57.1bn on legacy payments technology in 2028.
OakNorth pioneers climate risk analysis tool for commercial banks till 2050
OakNorth, the renowned SaaS partner for commercial banks, has announced a substantial upgrade to its ON Climate application.
European decarbonisation leader Plan A secures $27m in funding
Plan A, a corporate carbon accounting, decarbonisation, and ESG reporting software provider, has successfully finalised a $27m funding round. The round was spearheaded by Lightspeed...
Hawk bags investment from Macquarie to boost AI anti-financial crime tech
Hawk, an AI-powered technology for fraud prevention and AML firm, has announced an expansion of its Series B financing round.
Digital pound could launch in the next decade, UK Treasury claims
A recent consultation by the UK Treasury has revealed that plans for a digital UK currency are being considered and could be realised within a decade.
Cryptocurrency brokerage Genesis receives $140m after FTX downfall
Genesis, a cryptocurrency brokerage, is reportedly set to receive a $140m equity infusion from its parent company, Digital Currency Group, to support its balance sheet.
Navigating AI risks: MAPFRE pioneers Responsible Artificial Intelligence
Amidst the rapid boom of Artificial Intelligence (AI), its increasing integration into societal structures and business models prompts crucial conversations on technology risks. MAPFRE, a multinational insurance company, has embarked on comprehensive research to understand these risks and to identify measures that could assess, monitor, and mitigate these risks, thereby enabling the deployment of Responsible AI (RAI).
Navigating AML compliance in 2023: A detailed guide for MSBs
MSB have emerged as a crucial part of the financial ecosystem, bridging a gap that once only traditional banks would fill.
A year of innovation and growth: IntellectAI’s impact in FinTech for 2023
2023 marked a significant milestone for IntellectAI, as the firm made new ventures into new territories of innovation.
How IMTF seeks to be the financial industry’s partner against crime
Founded in 1987, RegTech firm IMTF develops best in-class RegTech solutions in the area of anti-financial crime.