Digital transformation in financial services
Lloyds Banking Group is hiring its first dedicated data ethics chief
Lloyds Banking Group is recruiting its first-ever group head of data ethics. The role will be responsible for leading discussions…
UK financial regulators to get powers to inspect cloud computing data centres
The UK's financial regulators will be given new powers to make onsite visits to cloud computing companies used by UK…
IBM-backed blockchain platform we.trade ‘shutting down’
Blockchain-based trade finance platform we.trade is reportedly shutting down and is ready to call in the liquidators. The platform was…
UK to regulate ‘stablecoins’ and issue NFTs
The UK is to regulate 'stablecoins' as payment mechanisms, HM Treasury announced today, and the Royal Mint is to issue…
Intelligent automation in financial services: Leading the way
The financial services sector has been an eager adopter of robotic process automation (RPA): by one estimate, it accounts for…
How the eNaira is turning CBDC theory into reality
President Muhammadu Buhari of Nigeria stared for a few moments at the framed poster proudly emblazoned with the symbol of his…
A solution without a problem? The ‘digital pound’ may be dead in the water
A House of Lords report has criticised plans for a central bank digital currency (CBDC) in the UK, or 'digital…
Cloud giants may resist Bank of England’s resilience tests
The Bank of England is preparing to take action on ‘cloud concentration risk’, which stems from the finance sector’s increasing…
Is ‘e-money’ a money laundering risk?
Investigations have linked UK-registered electronic money institutions (EMIs), which can issue pre-paid payment cards or digital wallets, to money laundering,…
The privacy dangers of web3 and DeFi – and the projects trying to fix them
Crypto enthusiasts are bursting with excitement at the potential of blockchain-based ledgers to decentralise the finance sector and the web…