Europe

Citigroup's new shipping finance chairman to deepen environmental focus

LONDON - Citigroup’s veteran shipping finance banker Michael Parker is to become chairman of the bank’s shipping & logistics business, a role which will include bolstering the lender’s environmental focus in the sector, Citi said on Thursday. 

In June, Citi was among a group of leading banks who signed up to environmental commitments known as the “Poseidon Principles.”

These will for the first time integrate efforts to cut CO2 emissions into banks’ decision making when providing loans to shipping companies.

The initiative highlights how businesses are having to respond to moves by investors around the world to factor environment, social and governance (ESG) risk into their commercial strategy.



Source: Reuters

UK Fintech CashFlows Continues Growth with Akamai in Face of Increasing Cyberthreats

Akamai, the intelligent edge platform for delivering and securing web experiences, has announced it is protecting CashFlows, an innovative FinTech offering comprehensive merchant services, alternative payments, and BIN Sponsorship solutions (card issuing and ATMs), from the growing threat of Distributed Denial of Service (DDoS) attacks against its cloud-based services. 

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US and Asian Investment in UK Tech Skyrockets

The UK tech sector has attracted more foreign investment in the first seven months of 2019 than it did during the whole of last year, according to latest industry figures, and has overtaken the US for foreign investment, per capita. 

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