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EBA Launches Innovative ESG Dashboard Highlighting Banks’ Climate Risk Exposure
The European Banking Authority (EBA) has launched an ESG dashboard to track climate-related risks in the banking sector, offering centralized access to indicators from banks’ Pillar 3 ESG disclosures. Key findings reveal that over 70% of corporate exposures are in climate-impacting sectors, raising transition risk concerns. While less than 30% of banks’ exposures are in regions prone to extreme weather, data accuracy issues persist. Additionally, about 50% of property-backed loans fall within top energy efficiency brackets, indicating lower transition risk. The average Green Asset Ratio among banks is below 3%, reflecting limited alignment with the EU Taxonomy.
ArthAlpha Secures $2M Funding to Accelerate AI-Driven Investment Solutions Expansion
ArthAlpha, an AI-driven investment manager based in Bengaluru, has raised over $2 million in seed funding, led by DSP and supported by various family offices and wealth managers. Founded in 2022 by Rohit Beri and Rohit Jha, the firm specializes in machine learning-based equity quant strategies. The funding will enhance technological capabilities, expand data infrastructure, and refine proprietary algorithms. ArthAlpha plans to broaden its investment management offerings in Indian public equities and develop AI-driven investment research platforms. CEO Rohit Beri highlighted the investment’s potential to deliver smarter, personalized insights and strategies to clients.
Monarch Secures $75 Million to Enhance Personal Finance Solutions and Boost Financial Wellness Tools
Monarch, a personal finance platform, has raised $75 million in a Series B funding round to enhance financial wellness for households. The round was co-led by FPV Ventures and Forerunner Ventures, with participation from existing investors like Menlo Ventures and Accel. Founded six years ago, Monarch offers a centralized platform for managing personal finances, including tracking net worth and budgeting. The new funding will be used to scale the team, improve platform capabilities, and invest in product development, aiming to reach more households and provide accessible financial wellness tools for various income levels.
UK Businesses Prepare for ECCTA: Navigating New Economic Crime Laws
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) marks a significant step in the UK’s efforts to improve corporate transparency and tackle financial crime, with provisions effective from March 25, 2025. It aims to combat fraud and money laundering by enhancing Companies House powers, requiring identity verification for directors and significant controllers and rejecting false filings. The Act mandates companies to disclose detailed ownership information and imposes stricter anti-money laundering measures, including rigorous due diligence and monitoring of transactions. These changes reflect a strong commitment to corporate integrity and financial transparency in the UK.
Tradu and Salt Edge Join Forces for Secure Payments and PSD2-Compliant Trading Solutions
Tradu, a London-based multi-asset trading platform, has partnered with Salt Edge to enhance its security framework and ensure compliance with European open banking regulations. This collaboration focuses on strengthening compliance with the Payment Services Directive 2 (PSD2), emphasizing strong customer authentication and fraud prevention. Tradu aims to improve user experience by implementing Salt Edge’s Open Banking Gateway for seamless payment functionalities. The partnership also facilitates access to over 500 financial institutions across 20 countries, supporting Tradu’s growth. Leaders from both companies highlight the importance of security and compliance in providing a reliable trading experience for users across Europe.