Finextra: Two-thirds of bank staff using unapproved AI tools – survey
A study from AI vendor DeepL showed that 65% of the surveyed UK finance professionals admitted to using unsanctioned AI tools for customer interactions.
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Finextra: Nato nations to launch Defence, Security and Resilience Bank
Global banks are backing a new bank that is being set up to support NATO countries and their allies finance their defence needs.
UKTN: Two fifths of UK crypto investors report blocked payments
Two fifths of UK crypto investors have had payments blocked or delayed by their bank when trying to buy digital assets, according to new research.
White House: Winning the Race America’s Action Plan
The White House today released the AI Action Plan
Finextra: Monzo develops backup bank to cover outages
Monzo Bank has developed a backup bank to cover outages.
Finextra: UK Government confirms plans to scrap Payment Systems Regulator
The UK Government has confirmed plans to abolish the Payment Systems Regulator.
TechRepublic: UK Announces ‘World-First’ Cyber Code of Practice for Companies Developing AI
UK Announces ‘World-First’ Cyber Code of Practice for Companies Developing AI.
Bank of England: The PRA announces a delay to the implementation of Basel 3.1
The PRA, in consultation with HM Treasury, has decided to delay the implementation of Basel 3.1 in the UK by one year until 1 January 2027.
Computer Weekly: Almost half of UK banks set to miss DORA deadline
According to a recent survey, 43% of British financial services organisations say they are still exploring DORA.
Finextra: Bank of England to launch Digital Pound Lab
The Bank of England is to launch a Digital Pound Lab as it sets out its blueprint for the design phase of a future Britcoin.