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The Financial Conduct Authority's (FCA’s) annual report sets out how it has used data and technology to crack down on harm in financial services. Over 1,600 websites suspected of promoting financial services without permission were suspended, removed or blocked in 2024 because of FCA action, a

The Financial Conduct Authority (FCA) will launch a Supercharged Sandbox to help firms experiment safely with AI to support innovation. Through a new collaboration, announced today, firms will have the opportunity to experiment with AI using NVIDIA accelerated computing and NVIDIA AI Enterprise Soft

Johnston Carmichael has named Bryan Shepka as its new head of financial services, succeeding Ewen Fleming who led the sector for six years. Mr Shepka joined Johnston Carmichael in 2023 as audit partner, bringing extensive experience in the wealth and asset management sector, having worked for 14 yea

The Financial Reporting Council (FRC) has launched the public beta of its Digital Reporting Viewer, a new tool designed to improve free access to structured company reporting data. The Viewer enables users to easily view and analyse Inline eXtensible Business Reporting Language (iXBRL) files, displa

The Royal Institution of Chartered Surveyors (RICS) is launching a consultation for a second edition of its financial crime standard.

Dains Group, which recently acquired Glasgow-Based Consilium Chartered Accoutants, has formed a new partnership with Xero, the global small business platform providing cloud-based accounting solutions. For years, Dains has utilised Xero to deliver reliable and efficient cloud-based accounting servic

Smart Data Foundry (SDF) has been awarded £3 million funding to operate a new financial data service, enabling more researchers to study the financial health of millions of households across the UK, by providing secure access to financial behaviours, economic resilience, and regional economic

Glasgow City Council has appointed Robert Emmott as its new executive director of financial services. Mr Emmott, who currently holds a similar role at Dundee City Council, will succeed Martin Booth in the New Year.

Scottish Financial Enterprise has selected Daniel-Pilley and Jess Insall to co-chair the organisation’s flagship Young Professionals Network. Jess is a Pensions Consultant at EY and has been a Chartered Accountant since 2024, with experience at Steedman and Co and Johnston Carmichael. She has

Over 90% of financial services firms are considering mergers and acquisitions as a means of growth, according to Johnston Carmichael. More than two in five respondents to the firm's 2024 Financial Services Survey identified M&A as a major part of their growth strategy, while 52% said they would

Edinburgh-based AI fintech firm Aveni.ai has won the coveted "Fintech of the Year" award at the 2024 Scottish Financial Technology Awards. The ceremony, held at the Sheraton Grand Hotel, marked the start of the Scotland Fintech Festival and celebrated the achievements of the Scottish fintech sector.

The Financial Conduct Authority (FCA) has imposed a £6,280,100 fine on HSBC, adding to the already £185 million that the bank has paid out in compensation to 1.5 million customers.

Firms in the financial services sector in Scotland have been invited to sign up for a new business and innovation support programme. Future Finance aims to enhance innovation and productivity in the sector and help organisations adapt to challenges, ranging from AI and data to changes in regulation

Increasing tax disparity with the rest of the UK is a predominant worry among senior leaders in Scotland's financial sector is the increasing tax disparity with the rest of the UK, according to Scottish Financial Enterprise (SFE).

Nearly a third (29%) of senior leaders in the financial services sector in Scotland use generative AI at least once a day at work, according to new research from KPMG UK.