The Information Commissioner's Office (ICO) has issued Snap, Inc and Snap Group Limited (Snap) with a preliminary enforcement notice over potential failure to properly assess the privacy risks posed by Snap's generative AI chatbot ‘My AI'.
Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.
Metro Bank has had a rough week. News that the UK challenger bank was planning to raise up to £600 million from investors, prompted financial watchdogs to summon the bank's bosses for a sit-down.
The Bank for International Settlements (BIS) and its partner central banks within the Eurosystem have developed a proof of concept to explore the macroeconomic relevance of cryptoasset markets and DeFi.
Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), part of Wolters Kluwer's Corporate Performance and ESG (CP & ESG) division, is set showcase its capabilities to meet Capital Requirements Regulation (CRR) III and Basel IV requirements with the launch of OneSumX for Basel.
Ripple, the leader in enterprise blockchain and crypto solutions, today announced that its Singapore subsidiary Ripple Markets APAC Pte Ltd, has obtained In-Principle Approval of the Major Payments Institution License application from the Monetary Authority of Singapore (MAS).
Revolut has finally struck a deal with primary backer SoftBank on a change to the latter's shareholding, clearing away a key obstacle in the fintech's long-running battle to obtain a UK banking licence.
