Similar Posts
Bank of China Partners with TNFD to Enhance Nature-Related Financial Transparency
The Bank of China has become the first Chinese financial institution to join the Taskforce on Nature-related Financial Disclosures (TNFD), enhancing China’s role in global environmental governance. This move reflects the bank’s commitment to sustainable finance, demonstrated through its participation in international summits like COP15. Tim Skeet from the bank expressed pride in leading this initiative. The TNFD plans to establish new Consultation Groups in China to integrate nature-related considerations into financial decisions, collaborating with organizations like the Institute of Finance and Sustainability. David Craig, TNFD Co-Chair, welcomed increased Chinese involvement, emphasizing the importance of nature-related reporting.
Quantifind Raises $22M to Revolutionize AI Compliance Solutions
Quantifind, an AI-driven financial crime intelligence company, has raised $22 million in funding from investors including Deloitte Ventures and Citi Ventures to support global expansion and enhance its Payments Risk Intelligence solution. The company reported a remarkable 200% growth in 2024, driven by demand for advanced financial solutions. Its Graphyte platform provides real-time transaction screening, utilizing cutting-edge AI technology to improve speed and accuracy while addressing inefficiencies in traditional systems. CEO Ari Tuchman emphasized their commitment to helping institutions tackle compliance challenges. The investment reflects confidence in AI’s role in combating financial crime within the sector.
Frenos Raises $3.88M in Seed Funding to Revolutionize Operational Technology Security Solutions
Frenos, a cybersecurity startup, has launched an AI-native platform to assess the security of autonomous operational technology (OT) in critical infrastructure sectors. Recently, the company raised $3.88 million in seed funding led by DataTribe to accelerate growth and market reach. The platform evaluates and prioritizes security risks, utilizing a digital network twin for detailed threat analysis. Frenos has formed strategic partnerships with prominent cybersecurity firms like Claroty and Palo Alto Networks to enhance its offerings. Industry leaders, including Dragos CEO Robert M. Lee, praise Frenos’s innovative approach, positioning it to significantly impact OT security.
LSEG Expands APAC Footprint: Hiroki Tomiyasu Appointed as New Head of Post-Trade Operations
LSEG has appointed Hiroki Tomiyasu as the new Head of Post Trade for Japan and Head of Post Trade Solutions for the Asia-Pacific region, effective February 17, 2023. This strategic move aims to enhance LSEG’s operations in the rapidly evolving markets of Japan and APAC. Reporting to Rohit Verma and Andrew Williams, Tomiyasu brings extensive experience from his previous role as Managing Director at Morgan Stanley MUFG Securities and significant positions at the Development Bank of Japan. His advanced degrees in finance and management position him to drive innovation and growth in LSEG’s Post Trade services, underscoring the company’s commitment to the region.
Trump Launches US Crypto Reserve Assets: Markets Soar in Response!
President Trump has announced plans for a US Crypto Strategic Reserve, which will include five key digital assets: Bitcoin, Ethereum, XRP, Solana, and Cardano. This shift in cryptocurrency policy has led to significant market gains, with Bitcoin rising 8% to $90,828 and Ethereum increasing 8.3% to $2,409. Trump’s statement emphasizes his goal to position the US as the “Crypto Capital of the World.” Upcoming events include the White House Crypto Summit on March 7. However, questions remain about the reserve’s operational structure and funding, particularly regarding potential Congressional involvement or Treasury management.