clear
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/sustainable

FCA aims to rebuild trust in ESG ratings

The UK's Financial Conduct Authority has set out proposals to rebuild trust in ESG ratings with the introduction of new rules governing transparency and governance.

/ai

HSBC to adopt Mistral AI foundational models across the bank

HSBC has signed a multi-year deal with Mistral AI to accelerate the use of generative artificial intelligence across the bank.

/payments

Wise enters Africa

Gobal money movement firm Wise has received its first regulatory licence in Africa, securing conditional approval from the South African Reserve Bank (Sarb) to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority (ADLA)

/markets

CME Group suffers hours-long outage

A data centre cooling system problem halted futures and options trading at the Chicago Mercantile Exchange for several hours.

/payments

Vodacom M-Pesa Tanzania adds cross-border payment options

Vodacom Tanzania has struck several deals that expand the ways in which people can use its M-Pesa mobile payments service around the world.

/sustainable

EU regulator accuses Commission of rushing sustainable transparency proposal - Reuters

EU’s Ombudswoman has accused the European Commission of rushing new rules on sustainable reporting.

/regulation

European Council and Parliament reach agreement on new payment services regulation

The European Council and European Parliament have reached an agreement on amending the existing payment services directive (PSD2) that they say will step up the fight against fraud and increase transparency.

/crypto

US Bank tests stablecoin issuance on Stellar Network

US Bank is testing the issuance of custom stablecoins on the Stellar blockchain network.

/people

CBA poaches Lloyds chief data officer for AI leadership role

Commonwealth Bank of Australia has poached Ranil Boteju from Lloyds witth a brief to lead the Australian bank's sprawling AI initiatives.

/ai

AI agents ace cash management tasks - BIS research

Generative AI agents can replicate key cash-management tasks - even without specialised training, according to a Bank for International Settlements working paper.

/crypto

Visa partners Aquanow on stablecoin settlement in Cemea

Visa has teamed up with digital asset platform Aquanow to expand its stablecoin settlement capabilities across the Central and Eastern Europe, Middle East and Africa (Cemea) region.

/crypto

Kraken begins roll out of debit card across the UK and EU

Crypto platform Kraken has rolled out the Krak card, a multi-asset debit card for fiat and crypto payments.