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Keywords: Financial services
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'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 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......
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......
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......
Citigroup plans to significantly expand its wealth management operations in Asia through a major recruitment drive, according to the company’s global head of wealth management, Andy Sieg. The U.S.-based financial institution is focusing a large portion of its global hiring strategy on Asia, where......
Wafasalaf, one of Morocco's leading consumer finance companies, marked four decades of operations with a formal institutional evening that brought together shareholders, partners, institutional representatives, employees, and ecosystem stakeholders. The event, themed "40 years of history, between......
Japan’s financial regulator is preparing to launch a public-private working group aimed at strengthening defenses against emerging cybersecurity risks linked to advanced artificial intelligence systems, particularly the new Mythos model developed by Anthropic. According to Finance Minister Satsuki......
Cryptocurrency exchange operator Bullish has announced plans to acquire global transfer agent Equiniti in a deal valued at $4.2 billion, according to a statement released on Tuesday. The transaction marks one of the largest moves by a crypto-related company into traditional financial infrastructure. Deal......