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Global finance watchdog warns over private credit industry fuelling AI boom

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, Computing, financial sector, infrastructure, Regulators, Technology, Technology sector, World news

Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowersThe private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned.A new report into private credit by the global watchdog, which monitors financial authorities including central banks […]

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Revolut warns it risks backlash over support for energy-intensive AI and crypto

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, Cryptocurrencies, Energy, Environment, financial sector, Revolut, Technology, UK news

Fintech company’s profits leap to £1.7bn as it gears up for US push after getting UK banking licence this month Business live – latest updatesThe UK banking app Revolut has said it could face a backlash over its support for energy-intensive sectors such as crypto and AI, as it posted a 57% increase in annual

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PwC partners who fail to embrace AI have no future at firm, US CEO warns

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Paul Griggs says senior staff at consulting firm who are not ‘paranoid about being AI-first’ are likely to be replacedBusiness live – latest updatesThe US boss of PricewaterhouseCoopers has warned that partners who do not get to grips with AI have no future at the consulting firm.Paul Griggs said senior staff who were not “paranoid

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US Treasury publishes AI risk Guidebook for financial institutions

ai, AI (Artificial Intelligence), Artificial Intelligence, Finance AI, financial sector, Fintech, governance, Governance, Regulation & Policy, risk, US AI policy

The US Treasury has published several documents designed for the US financial services sector that suggest a structured approach to managing AI risks in operations and policy (see subheading ‘Resources and Downloads’ towards the bottom of the link). The CRI Financial Services AI Risk Management Framework (FS AI RMF) comes with a Guidebook [.docx] which

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AI adoption in financial services has hit a point of no return

ai, AI (Artificial Intelligence), AI in Action, AI Market Trends, Artificial Intelligence, Finance, Finance AI, financial sector, Inside AI

AI adoption in financial services has effectively become universal–and the institutions still treating it as an experiment are now the outliers. According to Finastra’s Financial Services State of the Nation 2026 report, which surveyed 1,509 senior executives across 11 markets, only 2% of financial institutions globally report no use of AI whatsoever.  The debate is

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Women in tech and finance at higher risk from AI job losses, report says

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, financial sector, Gender, Society, Technology, Technology sector, UK news, Women, Women in the boardroom

‘Mid-career’ females also being sidelined by rigid hiring processes, says City of London CorporationWomen working in tech and financial services are at greater risk of losing their jobs to increased use of AI and automation than their male peers, according to a report that found experienced females were also being sidelined as a result of

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Lloyds boss warns bankers must ‘reskill themselves’ to survive AI boom

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Charlie Nunn says banks will be hiring staff with different skill sets as customer experience will ‘radically change’Business live – latest updatesThe boss of Lloyds Banking Group has warned that bankers will need to “reskill themselves” to survive the oncoming AI boom that stands to transform the financial services sector.Charlie Nunn told reporters on Thursday

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Credit unions, fintech and the AI inflection of financial services

ai, AI (Artificial Intelligence), AI Business Strategy, Artificial Intelligence, credit unions, Customer Experience, Finance AI, financial sector, Fintech

Artificial intelligence has shifted rapidly from a peripheral innovation to a structural component of modern financial services. In banking, payments, and wealth management, to name but three sub-sectors, AI is now embedded in budgeting tools, fraud detection systems, KYC, AML, and customer engagement platforms. Credit unions sit in this broader fintech transformation, facing similar technological

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From the AI bubble to Fed fears: the global economic outlook for 2026

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Bonds, Business, Commodities, Deutsche Bank, Donald Trump, Economic growth (GDP), Economics, European banks, Federal Reserve, financial sector, FTSE, Gilts, Global economy, Goldman Sachs, Oil, Stock markets, UBS, US economy, US news, World news

Analysts and investors voice caution about tech valuations and Trump’s influence on the US central bankInvestors expect global stock markets to keep rising in 2026, despite fears that the AI bubble could burst, and anxiety about chaos engulfing the US central bank.Wall Street strategists broadly expect the S&P 500 share index of US-listed companies to

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UK accounting body to halt remote exams amid AI cheating

Accountancy, ai, AI (Artificial Intelligence), Artificial Intelligence, Artificial intelligence (AI), Business, Education, financial sector, Technology, UK news

Candidates will have to sit assessments in person unless there are exceptional circumstances, says ACCABusiness live – latest updatesThe world’s largest accounting body is to stop students being allowed to take exams remotely to crack down on a rise in cheating on tests that underpin professional qualifications.The Association of Chartered Certified Accountants (ACCA), which has

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