Industry News

As financial institutions look to increase their adoption of artificial intelligence (AI), they need to ensure they are able to trust the technology. These AI tools can have gain access to sensitive data and if the correct measures are not implemented, can cause a myriad of problems. 

Persefoni, a leader in climate management and accounting platform solutions, has unveiled its latest offering, the Scope 3 Data Exchange.

eflow Global, a UK-based RegTech scaleup, has successfully secured a hefty £7m in a Series A funding round.

NatWest Group has entered a strategic partnership with the Vodeno Group to create a new banking-as-a-service (BaaS) business in the UK.

Digital injection attacks, where criminals bypass video biometrics with synthetic imagery, are now five times more common than presentation attacks, i.e. wearing a mask or showing a photo.   

AccessPay, a leading bank integration provider, announced today that it has closed a strategic funding round, amassing $24m.

The Corporate Sustainability Reporting Directive (CSRD) was introduced in Europe at the beginning of the year. It replaced the Non-Financial Reporting Directive (NFRD) and bolstered the scope of reporting, with the aim of enhancing transparency and comparability of ESG data across the EU so stakeholders can easily evaluate the sustainability performance of companies.

In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and persons of significant control (PSCs). This legislation, crafted to enhance the integrity of company data at Companies House, represents a significant pivot towards more rigorous corporate governance.

BlackRock has stepped into the eco-friendly investment arena, unveiling its latest Climate Transition-Focused Private Debt Fund.

Nature Action 100 has introduced benchmark indicators for evaluating the nature-related ambition and action of its 100 companies.