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The UK's Financial Conduct Authority (FCA) has set out plans to support tokenisation in asset management, arguing that the technology can drive innovation and growth in the sector.
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Revolut is reportedly facing further delays in securing a full UK banking licence because of regulators' concerns over the fintech's risk controls relating to cross-border payment. Separately, the firm has acquired an AI travel agent incubated at an innovation hub run by airline Lufthansa.
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UK specialist lender Shawbrook has confirmed that it is planning a November initial public listing on the London Stock Exchange.
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The London Stock Exchange Group (LSEG) and Microsoft have announced the next stage of a multi-year partnership that will see the latter's AI technology applied to the exchange group's financial data.
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JPMorgan Chase staffers will have to scan their fingerprints or eyes, rather than their ID badges, to access the bank's new New York headquarters.
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