Finextra: MAS develops AI risk management toolkit
The Monetary Authority of Singapore (MAS) has published a toolkit designed to help the financial services sector manage AI-related risks.
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ESG News: Bank of England Sets Tougher Climate Risk Rules for Banks and Insurers
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.
CIO: Make boards responsible for AI failures, banking regulator suggests
Singapore’s financial regulatory authority has floated a tough new AI risk management regime that could become a model for other countries.
TechRepublic: Apple Launches Digital ID for Wallet
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.
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.
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.