Firms Worth Under $5billion Need More Help in ESG Assurance Than Larger Ones Reveals KPMG
Despite 87 per cent of leaders surveyed in KPMG‘s latest index claiming to integrate ESG data systems with financial reporting systems, only 25 per cent of companies feel they have the ESG policies, skills, and systems in place to be ready for independent ESG data assurance. The report, Road to trust: KPMG ESG Assurance Maturity […]
In Profile: Travis Schwab, CEO of Eventus
Firms spanning the financial sector, including banks, broker-dealers, trading entities, and exchanges, grapple with intricate regulatory frameworks and compliance demands while striving to uphold operational transparency and integrity. Within this challenging landscape, Austin-based Eventus provides financial risk applications to equip organisations in risk mitigation, cost reduction and regulatory adherence. The company was founded by CEO […]
Open Banking: The Key to Instant Payment Adoption Across Europe Reveals TrueLayer
Open banking has the potential to accelerate the adoption of instant payments as according to TrueLayer, the payments network, only 14.2 per cent of euro credit transfers are made using SEPA Instant, the Pan-European real-time system. The primary way TrueLayer has suggested this in its latest report, Payments in the EU — Building better user […]
This Week in Fintech: TFT Bi-Weekly News Roundup 26/09
Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 26 September 2023. Appointments Switch2Zero, a London-based climate tech startup, has appoints Derek White as its new chairman. The appointment will help accelerate Switch2Zero’s efforts to create a global sustainability hub, connecting people and businesses with everything they need to lighten their environmental load, work towards […]
FCA and PRA Propose New Rules to Boost Diversity and Inclusion in Financial Services
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have released a set of proposals that aim to boost diversity and inclusion (D&I) across financial services, in new consultation papers. The FCA and PRA’s new proposed measures for diversity and inclusion hope to enhance the safety and soundness of regulated firms while improving […]
Fujitsu, Hokuriku Bank and Hokkaido Bank Explore Use Cases for Generative AI in Japanese Banking
Japan is exploring the use of generative AI as Fujitsu, a multinational information and communications tech firm, Hokuriku Bank, Ltd. and Hokkaido Bank, Ltd. launch joint trials to develop the technology in the banking sector. As part of the trials, the companies will leverage generative AI technology, including an AI module for conversational AI Fujitsu […]
Software Spend Analysis Reveals Cost Optimisation Trends in 2023
The economic downturn, coupled with a growing focus on cash flow, has led organisations to scrutinise their budgets, with CFOs mandating significant reductions in software spending ranging from 10 per cent to 30 per cent. A report released by CloudEagle, a SaaS procurement and management platform, offers insights into the shifting landscape of software expenditure. […]
Mercedes-Benz Launches In-Car Fingerprint Payments In Partnership With Mastercard
Luxury German vehicle brand Mercedes-Benz has joined forces with global payment processor Mastercard to introduce embedded in-car payments at the point of sale. As a result of the new partnership with Mastercard, Mercedes-Benz customers in Germany can now start the fuelling process directly from their vehicle and pay digitally with a fingerprint. Eliminating the need […]
Unleashing the Power of Technology: Validating ROI in the SaaS Era
In an age where SaaS investments demand solid evidence over mere assurances, Hayden E. Stafford, chief revenue officer at Seismic, a prominent sales enablement firm, explores a shifting paradigm in client decision-making. Stafford unravels the evolving landscape of data-driven decision-making in a business environment marked by economic unpredictability. Hayden E. Stafford, chief revenue officer, Seismic […]
British Business Bank Exceeds Targets and Empowers SMEs in 2022/23
The British Business Bank has unveiled its annual report for the financial year 2022/23, outlining significant milestones in its mission to support smaller businesses across the UK. The bank exceeded expectations by providing £12.4billion in support to over 90,000 businesses, surpassing its target and demonstrating its commitment to addressing SME financing needs. The bank’s dedication […]
