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UK and US Leaders Agree on AI Governance
UK Prime Minister, Rishi Sunak, has recently articulated the necessity of AI governance during recent rapid advancements in artificial intelligence (AI) Capabilities. Highlighting AI’s “incredible benefits” to economies and societies, Sunak also acknowledges the “real risks” associated with this technology, underscoring the importance of protective measures or ‘guardrails’.
The Atlantic Declaration: A New Economic Era?
In response to the rapid technological change, Sunak announced the Atlantic Declaration, an unprecedented economic alliance between the UK and US. This agreement is perceived as a new economic partnership for the digital age, one that goes beyond traditional economic pacts. As part of this alliance, a new critical minerals agreement was also introduced, reflecting the growing interconnection between economies and technology.
Ensuring Security Through AI Governance Amid A Technological Revolution
Emphasizing the role of leadership in the era of technology, Sunak expressed that it is essential for the tech revolution to enhance security. The UK and US leaders have agreed to cooperate on AI security, a testament to their commitment to seize the extraordinary possibilities of AI, while ensuring the utmost confidence in its application. This commitment to security signals a careful approach towards integrating AI into various sectors.
A Pioneering Pact for Post-Brexit Era
While this agreement may not be the comprehensive post-Brexit trade pact that some Conservatives hoped for, it sets a new standard for economic cooperation in the post-Brexit era. The Atlantic Declaration positions the UK and US as collaborators in the face of emerging economic and technological challenges.
This UK and US agreement marks a significant step towards recognizing AI’s potential while acknowledging the necessity of its careful governance. By drawing a parallel between the global response to climate change and the approach required to handle AI, Sunak underlines the gravity and urgency of the issue.
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Wise Challenges India’s Forex Card Market: Announces Country’s First Travel Card
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Creditspring Outperforms Industry on Complaints, Satisfaction, and Trust
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Prometeo Unveils Agentic Banking: Enabling AI‑Driven Autonomous Financial Infrastructure
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Equifax Launches Free Monthly Credit Score To Help Consumers More Easily Monitor Financial Health
Equifax UK has launched Equifax Basic, a new and improved way for consumers to monitor their financial health and better understand their credit history. The new Equifax Basic account refreshes a user’s Equifax Credit Score on a monthly basis and will also include access to their statutory credit report.
SmartSearch Acquires Credas, Accelerating UK Growth in Digital KYC & AML Compliance
SmartSearch has agreed to acquire Credas Technologies Ltd, a leading provider of identity verification solutions for the legal and property sectors. This strategic acquisition, subject to regulatory approval, enhances SmartSearch’s position as one of the UK’s foremost digital Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance platforms.
Trulioo Earns Dual Honors in Juniper Research’s Future Digital Awards for Fintech & Payments 2025
Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced it won the Platinum Award for KYC Innovation and the Gold Award for Identity Verification Innovation in the Juniper Research Future Digital Awards for Fintech & Payments 2025.
NatWest Invests in JS Group to Enhance the Delivery and Impact of Student Financial Support
Aspire is designed to deliver measurable impact by streamlining the distribution of various types of student financial aid, ensuring that beneficiaries receive their funds promptly and securely while materially reducing the time and administrative costs involved for funders.
Attending NRF Europe: Insights from 2025
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ING Appoints Gary Prince as Head of Financial Markets, UK
A seasoned industry leader with more than 30 years of experience in global markets across top-tier wholesale banks, Gary brings deep expertise and strategic insight to the role.
Wise Challenges India’s Forex Card Market: Announces Country’s First Travel Card
Wise, the global technology company building the best way to move and manage money worldwide, today opened the waitlist for the highly requested Wise Travel Card in India.
Worldpay and East West Bank Expand Access to Advanced Payment Solutions
Worldpay® and East West Bank, a leading U.S. bank with domestic and international reach, have joined forces to expand payment solutions for the bank’s commercial and business customers. This agreement builds on Worldpay’s U.S. distribution and gives East West Bank clients access to Worldpay’s industry-leading payment tools — including point-of-sale, smart terminals, omnichannel, eCommerce, and loyalty solutions — designed to help businesses grow with confidence and operate more efficiently.
Ted Swimmer Named Head of Commercial Banking at Citizens; McCree to Retire in March 2026
Citizens Financial Group, Inc. (NYSE: CFG) today announced that Ted Swimmer, head of capital markets and advisory for Citizens Commercial Banking, has been named Head of Commercial Banking, effective immediately. Swimmer succeeds Don McCree, who will remain at Citizens as Chair of Commercial Banking until his retirement at the end of March 2026.
EXCLUSIVE: “Raising the Phoenix” – Ad van der Poel, HSBC Innovation Banking in ‘The Fintech Magazine’
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NatWest Invests in JS Group to Enhance the Delivery and Impact of Student Financial Support
Aspire is designed to deliver measurable impact by streamlining the distribution of various types of student financial aid, ensuring that beneficiaries receive their funds promptly and securely while materially reducing the time and administrative costs involved for funders.