Delivering closing remarks at the UN Food Systems Summit +4 Stocktaking Moment (UNFSS+4) in Addis Ababa, co-hosted by Ethiopia and Italy, Ms. Mohammed praised the growing momentum behind food systems transformation. But she also warned that with just five years left to 2030, “hunger and malnutrition persist. Climate shocks, conflict, debt, and inequality are widening … Read more
The UAE has leapfrogged the UK in the fintech market rankings, following a $2bn investment by Abu Dhabi’s MGX in cryptocurrency exchange Binance. This is the first time the UK has lost second spot, and comes at a time when global investment in fintech grew 6% to $24bn during the first six months of … Read more
Monzo’s recent £21m fine over customer verification failures highlights the cyber security and privacy shortcomings of popular personal finance apps and the importance of good cyber hygiene, experts have said. The UK’s Financial Conduct Authority (FCA) recently determined that, between October 2018 and August 2020, the challenger bank lacked sufficient “anti-financial crime systems and … Read more
The Bank of England has completed the replacement of the UK financial system’s “beating heart”, and is making good progress in its goal of providing “silent operations”. Its replacement of the real-time gross settlement (RTGS) system, which processes £800bn in payments a day, is now live, after a staged project that began with early … Read more