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UK finance watchdog teams up with Nvidia to let banks experiment with AI
The U.K.’s Financial Conduct Authority announced the Supercharged Sandbox, a partnership with Nvidia that aims to help banks safely experiment with AI. The initiative is designed for financial services firms in the “discovery and experiment phase” with AI, the FCA said. Banks have faced challenges shipping advanced new AI tools to their customers due to…
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Current ARM mortgage rates report for June 9, 2025
Glen is an editor on the Fortune personal finance team covering housing, mortgages, and credit. He’s been immersed in the world of personal finance since 2019, holding editor and writer roles at USA TODAY Blueprint, Forbes Advisor, and LendingTree before he joined Fortune. Glen loves getting a chance to dig into complicated topics and break…
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UK banks to experiment with Nvidia AI in ‘supercharged sandbox’ scheme
The UK’s financial regulator is to allow banks and other City firms to experiment with the US chipmaker Nvidia’s leading AI products to “speed up innovation” and fulfil government orders to boost UK growth.The Financial Conduct Authority (FCA) said it was launching a “supercharged sandbox” that would give successful applicants the chance to experiment safely…
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Global Finance with SAP S/4HANA Central Finance: Real-Time Visibility, Harmonization, and Control
Global organizations often struggle with fragmented ERP environments that lead to inefficiencies, data silos, and delayed reporting. Surendra Annanki highlights SAP S/4HANA Cloud Central Finance as a powerful enabler to overcome these challenges. By consolidating financial data from both SAP and non-SAP systems into a single, cloud-based platform, businesses can achieve real-time visibility and operational…
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Aerojet Rocketdyne CFO Elisabeth Pataki Moving to SES
SES has named Elisabeth Pataki as its new chief financial officer, effective June 16. Pataki will succeed Sandeep Jalan, who has served as the CFO since May 2020, SES said Friday.Intelsat AcquisitionPataki, who currently holds the same role at L3Harris subsidiary Aerojet Rocketdyne, will join SES amid its ongoing effort to acquire Intelsat for $3.1…
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Warning over $3,480 debt facing millions of Aussies: ‘No choice’
Finder personal finance expert Sarah Megginson says Aussies are turning to credit cards to make ends meet. · Source: Suppied/Getty Millions of Australians are turning to credit cards as high mortgage rates and the rising cost of living make it harder to keep up. Credit card debt has jumped to more than $18 billion,…
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Castlelake to Provide £95 Million of Financing to Mortgage Lender Equifinance
MINNEAPOLIS, June 9, 2025 /PRNewswire/ — Castlelake L.P. (“Castlelake”), a global alternative investment manager with 20 years of experience investing in asset-based private markets, today announced that it has agreed to provide a new £95 million facility to Equifinance Limited (“Equifinance”), a specialist second charge mortgage lender. The financing will support Equifinance’s origination of second lien residential…
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33 Financial Group Launches Groundbreaking Shopping Mall Dining Gift Card Receives Prestigious UnionPay Gold Award for Transaction Volume Leadership
HONG KONG, June 9, 2025 /PRNewswire/ — 33 Finance (SVF License No.: SVF0010), Hong Kong’s leading gift card provider, announced the launch of its first dining gift card “Food Pass in Delight” in collaboration with ELEMENTS. The company was concurrently awarded with “UnionPay 2024 Prepaid Card Transaction Volume – Gold Award”, cementing its position…
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Bajaj Finance share price gains 2% on fixing record date for 1:2 stock split, 4:1 bonus issue
Bajaj Finance share price surged as much as 3.68 per cent in Monday trading session after the company fixed the record date for 1:2 stock split, 4:1 bonus issue.At 10:40 am, the Bajaj Finance shares were trading at ₹9,739 apiece on National Stock Exchange (NSE), as compared to previous close of ₹9,371.50 on Friday last…
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How blue bonds could give a boost to ocean finance
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