The Bank of England has issued its most stringent climate risk policy to date, requiring banks and insurers to lift board-level oversight, tighten scenario modelling, and improve data integrity to reflect the rising financial impact of climate events.
Singapore’s financial regulatory authority has floated a tough new AI risk management regime that could become a model for other countries.
Apple has announced the debut of Digital ID, a new capability that allows iPhone and Apple Watch users to create a mobile identification card in Apple Wallet using information extracted directly from their US passport.
A study from AI vendor DeepL showed that 65% of the surveyed UK finance professionals admitted to using unsanctioned AI tools for customer interactions.
Global banks are backing a new bank that is being set up to support NATO countries and their allies finance their defence needs.
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.
The White House today released the AI Action Plan
Monzo Bank has developed a backup bank to cover outages.
The UK Government has confirmed plans to abolish the Payment Systems Regulator.
UK Announces ‘World-First’ Cyber Code of Practice for Companies Developing AI.
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