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FICO, the global analytics software provider, in its yearly sales report on the state of responsible AI in financial services that was created in collaboration with Corinium, a market intelligence firm, found that financial services firms lack responsible AI...

The fintech industry is undoubtedly a force to be reckoned with, and the year 2023 has been no exception. The predictions are that the fintech space will see an unmatched surge in numbers and hit the $174 billion mark...

The Central Bank of Egypt has gone on to sign an appendix to the MoU with its Jordanian counterpart. Apparently, the MoU pertains to the banking supervision field between the two parties, which has existed since 2004. The new...

On March 8, 2023, Britain's financial watchdog said that stringent rules were needed to purify crypto in order to eliminate conflict of interest, safeguard the assets of the customer, and quicken radical changes in the business model. The new chair,...

The Bank of England is going to decide by year's end whether tougher disclosure rules will be needed for banks after an almost complete meltdown in funds related to pensions in September 2022. The bank projected weaknesses when it...

The European Union granted Serbia 610 million euros, equivalent to $647.15 million, on February 28, 2023, for the development of a fast railway route connecting southern Serbia to central Europe. The funding was signed symbolically in a train in the...

There are some Chinese companies that are holding on to the dollars made out of export revenues, while there happen to be some that are turning towards foreign exchange hedging in anticipation of the yuan’s value falling, as per...