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Scottish Enterprise is funding further development of technology aimed at tackling issues such as financial crime and the adoption of artificial intelligence. It is injecting £3.18 million into the Financial Regulation Innovation Lab (FRIL) to deepen collaboration among academia, industry and

Fast‑growing and innovative financial services businesses can now apply for more support to help them grow. The FCA’s Scale-up Unit provides tailored support to firms, helping them navigate regulation so they can scale sustainably. The unit is now open to solo-regulated firms to apply.

On Earth Day, ACCA brought together finance professionals from over 100 countries for its annual Sustainability Conference, delivering a pointed message to the business world: stepping back from sustainability commitments is not a prudent response to uncertainty – it is a costly one. In a worl

The UK hospitality sector is facing mounting pressure to build financial literacy at leadership level, and a new initiative from HIT Scotland and the University of Strathclyde Business School is set to address the challenge head-on. The two organisations have joined forces to launch a pair of two-da

New research from the University of St Andrews Business School has shown that national elections are linked to changes in financial system stability. Using data from banks across 22 advanced economies such as the United States, the United Kingdom, Japan, Germany, France, and Canada between 2000 and

Balfour Beatty's chief financial officer Phil Harrison will step down from the board later this year following more than 10 years in the role, the infrastructure group said today. Following an extensive search process and as part of the board’s long-term succession planning, Myles Westcott, cu

The FCA has fined Nationwide Building Society £44 million for inadequate anti-financial crime systems and controls between October 2016 to July 2021. During this period, Nationwide had ineffective systems for keeping up-to-date due diligence and risk assessments for all its personal current ac

Around 800,000 people reported losing money to investments or pensions‑related scams in the 12 months to May 2024, according to Financial Conduct Authority (FCA) research. To help fight this financial crime, the FCA has launched ‘Firm Checker’, a tool to help consumers avoid scams. By

Chartered Financial Planner Jack Swan has joined the rockwealth Aberdeen team. Mr Swan moves to the firm’s Neo House office after seven years at AAB Wealth, becoming the fourth member of the local team.

Katharine Wooller explores the adoption of artificial intelligence in the financial services industry, weighing the technology's transformative potential for efficiency, customer service, and inclusivity against the significant challenges of regulation, data governance, and ethical risks. AI is much

Johnston Carmichael Wealth has strengthened its team with the appointment of Robbie Chisholm as a financial planner. Mr Chisholm joins from Tweed Wealth Management Ltd, a senior partner practice of St James’s Place Wealth Management. There he worked as a financial planner providing holistic fi

The shortlist for the annual 2025 Scottish Financial Services Awards, sponsored by EY, has been announced ahead of the celebration in October.

The Royal Institution of Chartered Surveyors (RICS) is working with AAT (The Association of Accounting Technicians) to promote an entry-level finance course for its members. The Business Finance Basics course is a three-hour session consisting of six modules including video tutorials and interactive

The number of Scottish firms in "significant" financial distress has risen sharply, according to new data from Begbies Traynor, as the economy continues to face global instability and domestic pressures. Providing a quarterly snapshot of the UK's corporate health, the business rescue and recovery sp

Chancellor Rachel Reeves has unveiled a package of reforms for the UK’s financial services industry, aimed at cutting red tape and stimulating much-needed economic growth. Billed as the most significant overhaul in over a decade, the "Leeds reforms" are intended to reinvigorate an economy that