/regulation
The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.
02 April 2024
/people
Santander's US arm has hired Swati Bhatia, the former head of Goldman Sachs' Marcus business, to lead its retail operations and lead a digital transformation programme.
/startups
ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.
Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers of FTX, the bankrupt cryptocurrency exchange he founded.
28 March 2024
/wealth
JPMorgan Chase says its free Wealth Plan digital money coach has helped customers create more than a million personalised plans in just a year since launch.
/retail
Australian bank Westpac is planning to spend billions of dollars over the next four years to simplify its technology infrastructure.
/security
A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.
/payments
A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.
/sustainable
Bulgarian embedded finance provider Paynetics is making an ESG play through the acquisition of UK 'impact neobank Novus. Financial terms were not disclosed.
Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.
Robinhood continues to expand beyond its stock trading origins, launching a credit card with a host of perks, including three per cent cashback.
27 March 2024
/crypto
Guests at a party hosted by a cryptocurrency firm chaired by former UK chancellor Philip Hammond were served sushi off the bodies of half-naked models.
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