financial services

Productive Growth in UK Economy

This is the fourth annual British Business Bank report on Small Business Finance Markets, setting out the latest evidence on the ways in which finance markets support smaller business and help them contribute to improving productivity and growth in the UK economy. Our understanding of smaller business finance markets, both in terms of demand for […]

Emerging technologies disrupting the financial sector

Emerging technologies have reshaped the financial services industry through innovative means to cater to evolving customer expectations of personalisation and convenience. FinTech has evolved as one of the most innovative and cost-effective disruptive technologies. Early adaptation of FinTech solutions has enabled several start-ups, financial service providers and other diverse sectors to achieve an accelerated pace […]

The Financial Sector Must Embrace Transparency in Artificial Intelligence to Ensure Fairness

The recent news that the FCA is partnering with the Alan Turing Institute to explore the explainability of AI in financial services is a welcome development. While financial institutions are increasingly using AI to improve efficiency and productivity, there is little transparency in how so-called neural networks make decisions, putting organisations at risk of inaccurate […]

UK bank Standard Chartered completed it first supply chain finance with blockchain

Standard Chartered, London-based bank and financial services firm completes a milestone with its first joint blockchain-based supply chain financing transaction. The financial firm announced that the institution managed to successfully complete their first run of a joint deep-tier supply chain financing transaction. The projection is as part of a partnership with China-based supply chain financing […]