Keywords: Financial Services


Britain and Switzerland sign landmark trade deal to expand services and ease business travel

The United Kingdom and Switzerland have signed a new trade agreement aimed at strengthening cooperation in services, digital commerce and professional mobility, marking one of the most significant bilateral economic accords between the two countries since Brexit. Announced in Bern on Monday, the agreement......

Wall Street banks accelerate AI assistant adoption in race for productivity gains

Wall Street's biggest banks are rapidly expanding their use of artificial intelligence-powered digital assistants as they seek to improve efficiency, streamline operations and gain a competitive advantage in an increasingly technology-driven financial sector. From wealth management and customer......

Deutsche Bank expands Saudi presence with new Riyadh regional headquarters licence

Deutsche Bank has strengthened its position in Saudi Arabia after obtaining a regional headquarters licence in the kingdom, allowing the German financial institution to expand its operations and pursue a wider range of business opportunities linked to the country’s economic transformation plans. The......

Attijariwafa bank showcases AI-driven banking innovation at sixth Wenov Demo Day

Attijariwafa bank has reaffirmed its commitment to artificial intelligence as a key driver of banking transformation during the final stage of the sixth edition of its "Wenov Think & Make x IA Center" innovation programme, organised in partnership with consulting firm Onepoint. The Demo......

UK regulator urges review of AI model rules as financial sector reliance grows

Britain should reassess whether large language models such as ChatGPT, Claude, and Gemini require formal regulation as general-purpose artificial intelligence tools, according to a senior official at the UK’s financial watchdog. Speaking on Monday, Sheldon Mills, Executive Director at the Financial......

India plans insurance commission overhaul to reduce mis-selling and improve consumer protection

India's insurance regulator is preparing a major overhaul of commission structures for insurance distributors, aiming to curb policy mis-selling, lower distribution costs and strengthen consumer protection in one of Asia's largest insurance markets. According to sources familiar with the discussions,......

Kotak Mahindra Bank begins CEO succession process as Ashok Vaswani plans to step down

Kotak Mahindra Bank has announced that its Managing Director and Chief Executive Officer, Ashok Vaswani, will not seek another term when his current mandate concludes at the end of 2026. The decision, attributed to personal reasons, has prompted one of India's largest private-sector lenders to initiate......

UK financial regulator takes legal action over alleged unauthorised investment advice

Britain's financial regulator has launched legal proceedings against a former investment manager and an online investment platform over allegations of providing regulated financial services without the necessary authorization. The case has attracted significant attention within the financial sector......

India’s MobiKwik targets $500 million NBFC loan book, CEO says

One MobiKwik Systems Ltd is aiming to build a loan book of around 50 billion rupees (approximately $522.5 million) through its non-banking financial company (NBFC) operations over the next three to five years, according to its chief executive officer. The Gurugram-based fintech firm, known for its digital......