Industry News

Facing the interconnected and complex financial ecosystems of today, financial institutions are grappling with regulatory compliance and financial crime prevention.

One technology that has without a doubt caught fire in 2023 is artificial intelligence. The debut of OpenAI’s ChatGPT Generative AI platform earlier this year has offered a springboard for new companies to innovate and disrupt the financial market like never before.

The NIST has officially released Version 2.0 of its Cybersecurity Framework (CSF), marking the first significant update since its inception.

ISS ESG has launched its enhanced Modern Slavery solution, a  development in investor tools for monitoring and reporting portfolio risks.

Market analysis by digital identity security experts ID Crypt Global has found a 9% year-on-year rise in the number of ESG investment funds.

Europe's commitment to ESG standards within the private equity sector has seen significant strides, with half of the region's managers now achieving an “excellent” rating, as outlined in the latest ESG Report 2024 by LGT Capital Partners.

New research from Bibby Financial Services (BFS) reveals the ongoing challenges for female business leaders in the UK, with 43% claiming to lack the necessary cash flow for growth. This contrasts with just 29% of male business owners expressing the same concern, highlighting a significant 14% gender gap.

Raincoat, a firm tackling the challenge of providing scalable climate insurance solutions, has announced additional seed funding of $6.5m. 

Coinbase Financial Markets, Inc. has achieved a significant milestone by receiving regulatory clearance from the National Futures Association (NFA), a CFTC-designated self-regulatory body. This approval allows them to function as a Futures Commission Merchant (FCM) and extend their crypto futures offering to eligible US customers via their platforms.

M-Files has emphasized the critical need for UK businesses to enhance cybersecurity in the face of rising threats.