News

Multrees Investor Services – the provider of custody, investment administration, and platform services for wealth managers, private banks, and family offices – has reported revenue growth for its most recent financial year, supported by continued demand from firms seeking scalable infras

The Financial Reporting Council (FRC) has published reforms to its Audit Enforcement Procedure (AEP), modernising its regulatory toolkit. The announcement forms part of the FRC’s broader move to a more integrated, end-to-end regulatory approach, aligning supervisory, investigatory and enforcem

The amount of money people invest when they first open an Individual Savings Account (ISA) has jumped by 84% in a year, according to proprietary data from Scottish Friendly. The modern mutual’s data shows that opening values have been steadily increasing over the last four quarters, data for Q

A sister painting of Sir Edwin Landseer's Monarch of the Glen is expected to sell for £4 million when it goes up for auction next month. 

Focus Financial has appointed professional footballer Peter Pawlett as a trainee financial adviser, marking the beginning of an exciting new chapter in his professional career. Well known for his successful football career, including more than a decade in the professional game with Aberdeen FC from

Aveni, a Scottish AI fintech, has revealed that Nationwide Building Society has become the first organisation to deploy FinLLM in a live environment outside of Aveni’s core product suite. Nationwide is the UK’s largest building society and is currently testing Aveni’s FinLLM across

UK Finance’s latest Annual Fraud Report shows its members reported that criminals stole £1.28 billion through payment fraud in 2025, an increase of four per cent. This demonstrates how fraud continues to operate on an industrial scale and is a national security threat.

Scottish Financial Enterprise (SFE) – in partnership with Royal Bank of Scotland, Financial Inclusion for Scotland and the Money and Pensions Service - has launched a new pilot programme, with the support of the FCA, aimed at improving young people’s access to bank accounts and strengthe

JRW Hogg & Thorburn has appointed Kirsten Hancock as Associate in Galashiels, Audrey Rankine as Associate in Peebles and Naomi Swan as Associate in Hawick.   With 9 Partners and 7 Associates, the firm has 6 offices across the Scottish Borders and Edinburgh.

Two letters penned by the abolitionist William Wilberforce have been sold at auction for nearly £4,000.

Followers on SCN’s popular LinkedIn platform have surged through the 34,000 mark for the first time, delivering even more value for advertisers - and last month the free daily newsletter attracted a further 147 subscribers, while unique visitors to the SCN website were up to over 94,000. The f

Beeks Financial Cloud, the Scotland-based markets technology enabler, has seen the value of new contracts signed this month hit $10 million. The Renfrewshire company has added a five-year software contract worth $3m with an existing analytics customer for the deployment of its intelligence software.

Standard Life chief executive Andy Briggs has attempted to allay concerns about what the acquisition of rival pensions company Aegon UK will mean for the two businesses.  The £2 billion deal announced in April has left employees and the wider sector awaiting news of what impact the tie-up

While total foreign direct investment (FDI) into Europe fell 7% year-on-year (yoy) and by 14% yoy in the UK in 2025, financial services FDI reached its highest volume since 2019, with projects up 21% yoy across the region, according to EY’s latest European Attractiveness Survey for Financial S

The Financial Stability Board (FSB) has published a consultation report on Sound Practices for Responsible Adoption of Artificial Intelligence (AI). The sound practices focus on AI-specific aspects and risks that are relevant to financial institutions and financial stability.