clear
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/regulation

CFTC recommends expansion of non-cash collateral through DLT

The Commodity Futures Trading Commission (CFTC) has recommended the expansion of the use of non-cash collateral through the use of distributed ledger technology (DLT) by its Global Markets Advisory Committee (GMAC).

/ai

55% of UK investors are unwilling to use AI tools for investment support – Avaloq

Research from Avaloq, a banking and wealth management platform, indicates that UK wealth managers see AI as the future, but do not yet trust the technology.

/ai

NextGen: AI – Join Finextra in London next week

Join us in London on 26 November to explore the current AI challenges, opportunities, and the future of AI in financial services.

/sustainable

COP29: Climate financing draft in negotiation

There is much still be to decided at COP29, the global climate talks summit, taking place in Baku, Azerbaijan right now.

/crime

53% of APP victims were satisfied with their bank’s response

To mark International Fraud Awareness Week, Payments System Regulator (PSR) has released research on the impact of Authorised Push Payment (APP) fraud on UK consumers.

/inclusion

Qash steps out of stealth and launches in Colombia

Qash, a Dutch financial inclusion startup has launched in Colombia with a stablecoin linked credit card aimed at volatile economies.

/ai

AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

/markets

Esma calls for 2027 EU T+1 migration

The European Securities and Markets Authority (Esma) has called for the EU to migrate to a T+1 settlement cycle by October 2027, ensuring coordination with the UK.

/crime

Finastra investigates data breach, prioritising customer communication

Fintech firm Finastra has shared further detail on the investigation process following a data breach that occurred earlier this month.

/regulation

CFPB expands oversight of Big Tech payment apps

The Consumer Financial Protection Bureau (CFPB) has finalised a rule that will see it supervise tech giants such as Apple and Google that offer digital payment apps and wallets.

/payments

Mastercard MTN connects to JP Morgan's Kinexys Digital Payments for settlement

Mastercard has connected its Multi-Token Network (MTN) to JPMorgan's Kinexys Digital Payments rail for B2B cross-border payments settlement.

/crypto

Chainlink consortium to test trade finance app using Brazil's digital Real

Microsoft Brazil, 7COMm and Chainlink are to work with Banco Inter on a trade finance application as part of the second phase of the central bank's trials of its digital currency, Drex.