ChatGPT ranked 8th amongst the most common platforms for such violations. More than one in ten financial services employees upload sensitive work-related data to personal applications, contributing to cybersecurity vulnerabilities, with 74% of policy violations involving regulated personal and financial...
It lowered its deposit rate to 2.5% in a nod to slowing inflation and faltering growth. The European Central Bank cut interest rates as expected on Thursday (Mar 6) and kept the door ajar to more, even as a looming...
Canada is not alone in its reliance on U.S. purchasers. Canada and Mexico aren’t the only countries that could suffer significant losses as a result of U.S. President Donald Trump’s American-first trade policies. The U.K., France and Germany are all...
OSFI put the reforms on hold indefinitely in February. Fitch Ratings says the Office of the Superintendent of Financial Institutions’ (OSFI) decision to hit the pause button on implementation of the final Basel III requirements could prompt other jurisdictions, including...
ICapital, the Zurich-based fintech platform, has entered into partnership with Aviva Investors to broaden access to Aviva’s climate transition strategy focused on investments in private markets. The partnership will see iCapital support Aviva Investors’ distribution strategy through the creation of...
Malaysia’s central bank kept its benchmark interest rate unchanged, expecting economic activity to remain strong this year and inflation manageable, but it warned of increasing risks to the global economy. Bank Negara Malaysia (BNM) maintained its overnight policy rate at...
The UAE’s real GDP posted a significant growth of 3.8% during the first nine months of 2024 compared to the same period in 2023, reaching AED1.322 trillion ($359 billion), according to data released by Ministry of Economy. This growth was...
Global dividends grew to a record $1.75 trillion in 2024, according to the Janus Henderson Global Dividend Index, up 6.6% on an underlying basis. Headline growth of 5.2% reflected lower one-off special dividends and the stronger US dollar. The result...
Saudi Arabia’s real GDP grew by 4.4% y-o-y in Q4 2024, the highest growth rate in two years, driven by a 4.6% rise in non-oil GDP, while oil GDP also increased by 3.4%, according to estimates by GASAT. Saudi Arabia...
Customers invested over S$42m in sustainable funds. DBS' sustainable financing commitments as of end-2024 saw US$66.75b (S$89b), up 27.1% up 27.1% from a year ago, its latest sustainability report showed. It also facilitated US$28.5b (S$38b) in sustainable bond issuances. The bank expanded...
