Global Scans · Financial Services · Weekly Summary

• [New] Financial services brands must keep experimenting - not by unleashing genAI unchecked but by integrating it within rule-based systems to manage risk and build trust, as the Dutch bank ABN AMRO does. Forrester
• [New] Gold prices could benefit from lower real yields and a weaker dollar, while U.S. equities might extend their rally, particularly in rate-sensitive sectors such as technology, real estate, and financial services. investing.com
• [New] Providers will be required to hold an Australian Financial Services Licence and comply with targeted obligations. JD Supra
• The Financial Conduct Authority has already indicated that governance, transparency and data ethics will form part of its scrutiny of AI adoption across financial services. Insurance Business
• By standardizing data and providing centralized oversight, RegTech enables firms to efficiently manage their regulatory obligations under different regimes, reducing operational fragmentation and mitigating the risk associated with non-adherence to global financial services regulation. Verified Market Research
• Embedded finance is at the vanguard of fintech innovation and will transform the future delivery of financial services. Abdul Latif Jameel
• More than half of UK financial services leaders believe their current frameworks for managing technology-related risks are not fully sufficient to address AI-related challenges. Insurance Business
• Cryptocurrency firms will be exempt from rules that ensure financial services companies act with integrity and in the interest of consumers. Contentworks
• Even more so, spending on technology within financial services firms is expected to grow in the coming years. Brookings
• AI-first banks will need to develop modular, flexible, cloud-based core technology platforms, stated Mumbai, India-based Thomas, who leads McKinsey's banking work across Asia-Pacific and works with a host of financial services clients amid the rapid growth of Asia's banking sector. QA Financial
• The financial services industry, which is effectively the backbone of the global economy, is taking climate risk extremely seriously. Manifest Climate
• Africa's economic growth is projected to reach 4.4% by 2026, driven by a combination of factors such as fiscal consolidation, rising domestic demand, and growth in resilient sectors including financial services, digital, telecom and tourism. Africa.com
• Financial Services: IBM is keenly focused on the financial services sector, anticipating that generative AI will significantly improve banks' financial performance. The Chronicle-Journal
• Singapore is introducing new measures to prevent scam mules from accessing services that could facilitate fraud, including financial, telecommunications, and government digital services. National Technology News

Last updated: 03 November 2025