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Financial services introducing AI but hindered by data issues

According to research by EXL, around 89 percent of insurance and banking firms in the UK have introduced AI solutions over the past year. However, issues with data optimisation could hinder their impact. The researchers surveyed executives at top UK insurers and lenders about their AI strategies and found that 44 percent have deployed AI…

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Crypto Asset Manager HashKey Capital Secures Capital Markets Services License From Singapore Central Bank

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Digital Bank Revolut to Suspend UK Crypto Services Citing FCA’s New Ad Rules: CityAM

The pause was put in place to give the company time to adjust its current business crypto offering to make sure all of the new requirements set by the U.K. regulator in the “back end” Direct Offer Financial Promotion (DOFP) rules, which will be entering into force on Jan. 8, 2023, are met, a source…

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Reddit has ‘restored services’ after major outage

Reddit says it has “restored services” after a major outage that, depending on the situation, stopped posts and comments from loading. I had observed a few different issues. When logged out, I couldn’t see any posts or comments at all; I would just get an error message or a blank page under the Reddit search…

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