Barclays is issuing a warning to those looking for love this summer, as the Bank’s latest data1 reveals romance scams are on the rise, with the amount claimed in May/June up 139 percent compared to March/April 2024.

INTRODUCTION

ING today announced the appointment of Daniele Tonella as chief technology officer (CTO) and member of the Management Board Banking, effective 5 August 2024. He will succeed Marnix van Stiphout who has held the role ad interim since 1 November 2023, in addition to his roles as chief operations officer and chief transformation officer.

INTRODUCTION

Trading platform tanX recently processed a billion dollars in quarterly spot trading volume across 3 million transactions (Q2, 2024), marking a 70% increase from the previous quarter. This milestone underscores the growing confidence and trust in decentralized trading platforms. Several factors are attributed to tanX's growth in 2024.

10x Banking, the cloud-native core banking platform, has today announced the launch of a new category of core technology – a ‘meta core’ designed to help banks and financial services accelerate towards full transformation. The news follows 10x Banking’s $45 million funding round in January, led by existing investors BlackRock and J.P. Morgan.

The Governor of the Bank of England, Andrew Bailey, has today announced that Sebastian Walsh is to become the newly appointed Head of Leeds. In this role, he will help deliver the Bank’s ambitious plans for a more significant presence in the city, by being responsible for the Bank’s growing operation in Leeds. Alongside our regional Agency network, Sebastian will support engagement with our stakeholders across the north of England.

Fintech startup Qashier today unveiled its QashierPay Soundbox in Malaysia, a revolutionary QR payment terminal designed to elevate the safety and security of digital payments and support businesses as they digitise. 

Financial fraud has always kept institutions and consumers at the receiving end. The loss is unbearable and puts a stigma on the overall standard of the financial system. The menace of fraudsters is increasing day by day. This puts a great challenge on the traditional method of fraud detection. 

Here, the introduction of technologies like Artificial Intelligence (AI) and Machine Learning (ML) has helped in fighting the menace. In this article, we'll focus on this vital subject and acquaint you with the crucial role of AI and ML in combating financial fraud.

NatWest Group plc today announces that it has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%.

On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in accordance with current arrangements, following the transfer to NatWest Group.