MAS releases use case for AI combating greenwashing
The Monetary Authority of Singapore (MAS) has released the first use case of its NovA!, which aims to combat greenwashing.
HSBC bolsters Hong Kong offering with AI-powered equity index product
HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.
Airbnb to clampdown on unregistered rentals after a $9.6m fine from Paris court
Paris Court has fined Airbnb, the home-sharing giant to pay $9.6m for allowing over 1,000 listings to flout rules to register their rentals.
Hong Kong could introduce mandatory climate disclosures as early as 2022, HKMA claims
The Hong Kong Monetary Authority (HKMA) is apparently planning to speed up proposals to require financial organisations to disclose their climate change-related financial risks.
PropTech startup Brickowner has smashed its crowdfunding target on Seedrs
Having reaped huge success with crowdfunding in the past, Brickowner has now returned to Seedrs for an additional cash injection.
Revolut’s new AI tool fights rising scam epidemic
Revolut has recently unveiled an innovative artificial intelligence (AI) tool aimed at combating authorised push payment (APP) fraud, a sophisticated scam where criminals deceive individuals into willingly transferring money into fraudulent accounts.
Data protection company Sotero bags $5m in its funding round
Data protection platform Sotero has scored a $5m funding round, which was led by Gutbrain Ventures.
FDIC gears up to modernize the US deposit trading rules
FinTech companies in the US may see the trading brokered deposits rules change soon.
Santander sends customers £130m in technical malfunction
Santander is attempting to regain £130m after the bank sent out payments by accident to 75,000 accounts on Christmas Day.
Bank of England governor calls for cryptocurrency regulations
Andrew Bailey, governor at the Bank of England, has called on financial regulators to stop playing catch up in how they supervise digital payments methods such as stablecoin and cryptocurrencies.
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