Artificial Intelligence in Finance

Better Markets sues Federal Reserve and Michelle Bowman alleging secret collusion with bank CEOs to rig capital requirements rulemaking

by Siti Muinah
written by Siti Muinah
The advocacy group Better Markets has filed a high-stakes lawsuit against the Federal Reserve Board and its Vice Chair for Supervision, Michelle Bowman, alleging that the central bank engaged in clandestine coordination with the nation’s largest financial institutions to manipulate the outcome of critical capital-requirements rulemaking. The lawsuit, filed in the U.S....
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Digital Banking & Neobanks

Banking agencies pledge more scrutiny of core provider business practices

by Dwi Wanna
written by Dwi Wanna
In a significant shift toward rebalancing the power dynamic between financial institutions and the technology firms that power them, federal banking regulators have announced a robust new initiative to increase oversight of third-party core service providers. The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) issued a joint statement this week signaling that they will no longer tolerate business practices that hinder community banks from performing essential due diligence or negotiating fair contract terms....
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Venture Capital & Startup Funding

Bridging the AI Implementation Gap: Inside Sable And The Rise of Autonomous Multimodal Workforce Solutions

by Pevita Pearce
written by Pevita Pearce
The rapid evolution of artificial intelligence has created an unprecedented chasm within the modern global economy. While elite AI research laboratories unveil groundbreaking model architectures and multimodal capabilities on a monthly basis, Fortune 500 enterprises often require quarters—if not years—to fully integrate, understand, and extract value from the previous generation of technology....
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Venture Capital & Startup Funding

Matthew Fox McKnight of Perimeter on the Dawn of Biological Engineering and the Future of Defense Technology

by Azzam Bilal Chamdy
written by Azzam Bilal Chamdy
The landscape of global security and industrial capability is undergoing a seismic shift, one that practitioners in the field of synthetic biology and advanced detection are comparing to the industrial revolutions of the 20th century. At the center of this transformation is Perimeter, a company led by Chief Executive Officer Matthew Fox McKnight, which seeks to integrate biological intelligence into the infrastructure of modern defense....
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WealthTech & Robo-Advisors

Maximizing After-Tax Returns Through Automated Wealth Management Strategies

by Jia Lissa
written by Jia Lissa
In the contemporary landscape of digital finance, the difference between mediocre and superior investment performance often rests on tax efficiency rather than mere market timing. As tax codes grow increasingly complex and market volatility remains a constant variable, financial technology firms are deploying sophisticated software to bridge the gap between gross returns and the amount an investor actually retains....
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InsurTech & Future of Insurance

AXA partners with Publicis Sapient to accelerate global enterprise AI transformation through a centralized hub model

by Iffa Jayyana
written by Iffa Jayyana
Global insurance giant AXA has officially entered into a strategic partnership with Publicis Sapient, a technology consultancy renowned for its enterprise artificial intelligence (AI) platforms, to catalyze the next phase of its digital evolution. This collaboration is designed to scale AI agents across AXA’s international operations with a focus on speed, security, and responsible implementation....
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InsurTech & Future of Insurance

UN Rights Chief Volker Turk Issues Urgent Call for Global AI Governance Amid Mounting Existential Threats and Escalating Geopolitical Conflict

by Pevita Pearce
written by Pevita Pearce
The United Nations High Commissioner for Human Rights, Volker Turk, opened his second term with a sobering address to the 47-member Human Rights Council in Geneva this week, sounding the alarm on the rapid, largely unregulated advancement of artificial intelligence. In a wide-ranging speech that spanned the existential risks posed by frontier technologies to the escalating toll of global armed conflicts, Turk demanded that the international community establish "cast-iron guarantees" to prevent AI from destabilizing democratic systems, critical infrastructure, and human security....
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RegTech & Financial Compliance

Navigating the Labyrinth of Regulatory Compliance in an Era of Rapid Technological Disruption

by Ali Ikhwan
written by Ali Ikhwan
The modern business environment is characterized by an unprecedented velocity of regulatory change. As global markets digitize and cross-border data flows intensify, legislative bodies are struggling to keep pace, resulting in a fractured and frequently shifting landscape of compliance requirements....
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Open Banking & API Finance

Beyond the API: How the UK Open Banking Ecosystem is Pivoting from Infrastructure to Customer Impact

by Asep Darmawan
written by Asep Darmawan
The United Kingdom’s financial technology landscape has officially entered a new era of maturity. Having recently surpassed monumental adoption milestones—recording over one billion open banking payments and more than 100 billion application programming interface (API) calls across the Competition and Markets Authority nine (CMA9) designated banks—the sector is undergoing a profound structural shift....
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ESG & Sustainable Finance

Greenly Accelerates Market Consolidation With Strategic Acquisition of Carbon Accounting Leader Normative

by Siti Muinah
written by Siti Muinah
In a move that signals a significant shift in the climate technology landscape, Paris-based carbon accounting and management specialist Greenly has finalized the acquisition of Stockholm-based software firm Normative. The deal, valued at approximately €64 million according to recent corporate filings, represents one of the most substantial consolidations in the ESG (Environmental, Social, and Governance) software sector to date....
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