There is a critical need for financial institutions to enhance model risk management amidst evolving regulatory pressures, particularly with OSFI E-23. Delegates from banks, insurance companies, and investment firms are facing significant challenges, including adapting to new regulations, effectively quantifying and managing climate risks, and integrating AI and machine learning into their risk frameworks.

The Centre for Finance, Innovation, and Technology (CFIT) today reveals details of progress by its industry-wide coalition towards creating a digital company ID that will counter-economic crime and, according to the  Government, contribute to the £600M annual addition to the UK economy, from the widespread use of secure digital identities.1  

Tenity, the global innovation ecosystem and early-stage investor creating the future of finance, is deepening its focus on decentralized finance (DeFi) through its Incubation Fund II, supporting new innovative projects building blockchain-based solutions on the XRP Ledger (XRPL) welcoming Ripple as its new global strategic partner and Limited Partner in the Tenity Inc. Fund II.

Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs). In 24 over-the-counter (OTC) bond transactions, the RMs had made inaccurate or incomplete disclosures to clients, resulting in the clients being charged spreads that were above the bilaterally agreed rates.

Masttro, the global leader in wealth tech solutions for family offices, RIAs, wealth managers and wealth owners themselves, today announced the launch of its next-generation platform, setting a new standard for easier and more powerful wealth data management.

The British Business Bank has announced an increase to its ENABLE Funding commitment to Simply Asset Finance (“Simply”), one of the UK’s largest and fastest growing independent asset finance providers.

This increased facility will allow Simply to provide more than £175m of finance to smaller businesses across the UK.

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that Tallahassee, Fla.-based Envision Credit Union has deepened its relationship with Atleos, selecting Atleos’ ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) solution to streamline operations within the self-service

Twilio, the customer engagement platform that drives real-time, personalized experiences for today’s leading brands, today announced at AWS re:Invent 2024 the public beta availability of Linked Audiences in Twilio Segment for Ama