Uk Supreme Court ruling highlights conduct risk A recent UK Supreme Court decision in relation to car finance may mean that the banking industry has escaped its worst fears in that specific case, but the issue has served to bring the issue of bank conduct risk out into the open once more. UK banks

What role does AI play in fraud detection & AML? For financial companies, identifying fraud and managing compliance processes are key tasks that must be performed efficiently and effectively. Fortunately, artificial intelligence (AI) systems have the potential to make these tasks easier, cheaper, and better. Financial organizations are increasingly integrating AI solutions into

GENIUS Act paves way to widespread tokenization in US capital markets The recent high-profile launch of tokenized money market funds (MMFs) in the US, following the passage of landmark legislation, marks a significant step in bringing blockchain-based finance into the regulatory mainstream, shifting attention away from crypto speculation and toward more institutional, low-risk

Tariffs may not be enough to curb US trade deficit While the US is turning to tariffs in an attempt to rebalance its widening trade deficit, deeper structural forces are also in play – most notably, the world’s enduring trust in the US as a safe harbor for capital. In April, President Donald

How to tackle fraud Organizational norms influence behavior, and unethical behavior, particularly from senior management, can be contagious. So, the first step in an organization's fight against fraud is to establish an ethical culture within the organization. This starts by having an official policy on fraud. Fraud policies vary from organization to organization,

Financial literacy: What role does the private sector play? Views on the appropriate role of the private sector in the design and delivery of financial education differ. For some, financial services providers are well placed to provide education to existing and potential customers. Others take the view that a conflict of interest exists

Banks roll back climate commitments ESG appears to be retreating, with banks having increased their fossil fuel financing in 2024, just as climate change poses growing threats to the insurance industry and raises questions about financial stability. A new report, Banking on Climate Chaos, by a nonprofit group finds that despite previous

Open finance runs into limitations over “super-apps” The move by BNPL provider Klarna into mobile phone services signals an ambition to build a “super app.” But while open finance holds promise, replicating Chinese platforms such as WeChat and Alipay may be a step too far. Holding a banking license was long regarded as

How should banks report environmental risk? One of the most commonly used measures for environmental risk is carbon emissions, sometimes referred to as a carbon footprint. Carbon footprinting refers to the process of calculating and analyzing the total amount of GHGs (not just carbon dioxide) emitted directly or indirectly by an individual or