Business
The Growing Importance of Digital Identity in the Financial System
In finance, trust starts with clear information. Banks, payment providers, regulators, and business partners all need to know who they are dealing with before money moves. That need has grown as commerce has become more digital and more international.
A company can now trade, raise funds, open accounts, or work with suppliers across borders with far more ease than before, but that also means firms need better ways to prove who they are. For many organisations, tools such as LEI 24 sit within that wider shift toward reliable business identity, where accurate entity data helps support trust, smoother checks, and stronger compliance.
Why digital identity matters more now
Business identity once relied on slow checks, local records, and fragmented systems. That model creates friction in a market where firms often operate in many places at once. When a bank reviews a client, or when one company enters a new financial relationship, it needs confidence that the entity is real, active, and correctly recorded.
Digital identity helps solve that problem. It gives institutions a consistent way to identify organisations across systems and jurisdictions. This matters because financial risk often rises when data is unclear. A missing detail, an outdated address, or confusion between similar company names can delay onboarding, trigger extra checks, or create reporting errors.
Standardised identifiers reduce that uncertainty. They help different parties refer to the same entity in the same way. In practical terms, that can support faster checks and cleaner records.
Clear entity data supports better decisions
Good decisions rely on reliable data. In finance, every review process depends on identity data at some stage. A lender may need to confirm the legal status of a business. A financial institution may need to complete due diligence. A trading firm may need to meet reporting rules. In each case, a clear identity record supports the process.
A Legal Entity Identifier exists for this purpose. The system provides a unique global code linked to reference data about a company. This data helps institutions identify legal entities that take part in financial transactions. Because the identifier is standardised, different organisations can rely on the same reference point.
For businesses, the benefit is practical. Clear identity data can reduce delays, improve record accuracy, and help teams respond quickly when banks, investors, or partners request verification details. It also helps internal teams keep records aligned across departments.
The role of digital identity in compliance
Compliance teams work with a simple goal that involves many moving parts. They must ensure that the correct entity appears in the correct record at the correct time. As reporting rules evolve and oversight remains strict, organisations cannot depend on scattered or incomplete information.
Digital identity tools support compliance by creating a stronger base for verification. They help institutions manage onboarding, reporting, and monitoring by linking entity records to clear organisational data. This becomes even more valuable when businesses operate across borders and interact with multiple regulators or financial partners.
LEIs support this framework because they help identify organisations involved in financial transactions. When financial institutions and regulators refer to the same identifier, the system becomes easier to understand and manage.
For small and medium sized businesses, this can have practical value. Companies that seek investment, enter regulated activity, or work with larger financial partners may find that structured identity data helps processes move forward with fewer questions.
Digital finance depends on shared standards
Modern finance relies on connected systems. Banks, payment providers, fintech platforms, data companies, and regulators exchange information every day. Shared standards make this exchange possible without confusion.
Without common identifiers, the same company may appear differently across multiple systems. This creates inefficiency and risk. Teams must spend time reconciling records, correcting mismatches, and answering follow up questions about identity.
Shared identifiers reduce that burden. They allow organisations to reference the same entity with the same code across different platforms. This strengthens data quality and reduces operational friction.
In this sense, digital identity forms part of financial infrastructure. Clear identification standards support accurate data, and accurate data supports efficient financial activity.
What businesses should focus on
Most companies do not need to view digital identity as a technical concept. They can approach it through practical steps. Businesses should ensure that their legal details remain accurate, their records remain consistent, and their information can be verified when partners request it.
A strong approach starts with maintaining up to date company information. Business records should match official registrations, and entity details should stay current. Firms should also understand which identifiers are relevant for their industry or financial activity.
This approach does not require complex systems. The key is to treat identity data as part of operational readiness. When records are clear and consistent, companies can respond quickly to onboarding requests, compliance checks, and partnership opportunities.
A more trusted financial system starts with better identity
Digital finance depends on confidence. People need confidence in the systems they use, the companies they work with, and the data behind each transaction. That confidence grows when organisations can be identified clearly and consistently.
Digital identity helps build that trust. It supports verification, strengthens compliance processes, and improves the quality of financial data across the system. As financial activity continues to evolve, the importance of reliable business identification will continue to grow.
For businesses of every size, the message is simple. Clear identity is no longer a background detail. It is an essential part of modern financial operations.
Business
(VIDEO) ‘Project Hail Mary’ Earns Stellar Reviews, Outpacing ‘The Martian’ as Top-Rated Sci-Fi Hit
Just days before its nationwide theatrical debut, Amazon MGM Studios’ Project Hail Mary is generating widespread acclaim from critics, boasting a 95% approval rating on Rotten Tomatoes from over 65 reviews as of March 10, 2026. The score edges out the 92% earned by Ridley Scott’s The Martian (2015), marking the Ryan Gosling-led space epic as one of the century’s most favorably reviewed sci-fi films.

Directed by Phil Lord and Christopher Miller—the Oscar-winning duo behind The LEGO Movie and the Spider-Verse franchise—this marks their first live-action directorial feature since 2014’s 22 Jump Street. Screenwriter Drew Goddard, who previously adapted Weir’s The Martian for the screen, delivers a faithful yet cinematic take on the 2021 novel. The film follows Ryland Grace (Gosling), a junior high science teacher who awakens alone aboard a spaceship far from Earth, grappling with amnesia while confronting a mission to reverse a solar dimming threat that could doom humanity.
Critics have praised the film’s blend of hard science, humor, emotional depth, and visual spectacle. Many highlight the central relationship between Grace and “Rocky,” an alien companion rendered through groundbreaking practical effects and puppeteering by Neal Scanlan and James Ortiz. Reviews describe Rocky as a “breakout star” whose design and performance evoke genuine warmth and wonder, turning the story into a heartfelt interspecies buddy adventure.
The Hollywood Reporter called it a “winner” for Amazon MGM, noting the film’s ability to balance intellectual rigor with crowd-pleasing entertainment. Deadline reported strong early buzz, projecting a $50 million-plus domestic opening weekend against a production budget estimated at over $150 million. IndieWire described Gosling’s performance as channeling the “Everyman” spirit of Matt Damon’s Mark Watney in The Martian, but with added layers of vulnerability and charm. USA Today awarded it four out of four stars, hailing it as “2026’s first great movie” and an “epic space adventure that checks all the sci-fi boxes.”
Empire magazine deemed it an “old-school crowdpleaser,” while Gizmodo emphasized that even viewers familiar with the book’s plot remain captivated by the execution. Nerdist went further, stating the film “made me romantic about movies” again, crediting its faithful adaptation, stellar soundtrack, and the lifelike portrayal of Rocky—achieved through a seamless mix of puppets, animatronics, and subtle CGI.
The film’s Rotten Tomatoes Tomatometer stands at 95% “Certified Fresh,” with descriptors highlighting its intelligence, optimism, and visual innovation. On Metacritic, it holds a 79/100 from early reviews, indicating “generally favorable” reception. While audience scores are not yet fully available ahead of the March 20 release, social media reactions from preview screenings have echoed the enthusiasm, with many calling it a potential “masterpiece” rivaling Interstellar or The Martian.
Project Hail Mary premiered in London on March 9, 2026, with early IMAX and premium format screenings already underway in select markets. It opens wide in theaters—including IMAX and IMAX 70mm—on March 20, distributed by Amazon MGM Studios domestically and Sony Pictures internationally. The production was filmed with IMAX cameras to capture the vastness of space and intricate scientific sequences.
Weir’s novel, a follow-up to his debut The Martian, became a bestseller for its accessible explanations of astrophysics, xenobiology, and problem-solving. The film retains this spirit, emphasizing cooperation over conflict—both between humans and with extraterrestrial life. Gosling, an Academy Award nominee, also serves as a producer, bringing his signature wit to the reluctant hero role.
Supporting performances include Sandra Hüller, Lionel Boyce, Ken Leung, and Milana Vayntrub, adding depth to flashbacks and mission elements. The score and sound design have drawn particular praise for enhancing the sense of isolation and discovery.
As anticipation builds, Project Hail Mary arrives at a time when sci-fi blockbusters continue to draw audiences seeking smart, hopeful escapism. Its early critical success suggests it could follow The Martian‘s path—not only commercially, with that film grossing over $630 million worldwide—but also as a cultural touchstone for hard science fiction on screen.
Industry observers note the film’s timing could position it as an awards contender, particularly for Gosling’s lead performance, the visual effects, and adapted screenplay. With review embargoes lifted and word-of-mouth spreading rapidly, Project Hail Mary appears poised to soar beyond expectations, proving that thoughtful science fiction remains a powerful draw in modern cinema.
Business
Exclusive-As many as 150 US troops wounded so far in Iran war, sources say

Exclusive-As many as 150 US troops wounded so far in Iran war, sources say
Business
From First-Round Pick to Latest Giants Move
Greg Newsome II, the 25-year-old cornerback who entered the NFL as a highly touted first-round selection, has embarked on a new chapter with the New York Giants following a one-year free-agent signing in March 2026. The deal, worth up to $10 million, addresses the Giants’ need for secondary depth after other cornerbacks departed in free agency. Newsome brings experience from stints with the Cleveland Browns and Jacksonville Jaguars, where his career has featured flashes of shutdown potential alongside challenges in consistency and injuries.

Here are 10 essential things to know about Newsome as he prepares to contribute to the Giants’ defense in the 2026 season.
- Hometown roots and early football journey Born May 18, 2000, in Chicago, Illinois, Newsome grew up in a football-rich environment. He attended IMG Academy in Florida for high school, a program known for producing NFL talent. His athletic background helped him stand out early, leading to a standout college career at Northwestern University.
- Standout college performance at Northwestern Newsome played for the Northwestern Wildcats, earning consensus first-team All-Big Ten honors in 2020 despite a shortened season due to the COVID-19 pandemic. He led the conference with 10 passes defended, including nine breakups and one interception. Pro Football Focus highlighted his elite coverage metrics, allowing just 0.44 yards per coverage snap — the best in the 2021 NFL Draft class — and permitting only one touchdown in 471 coverage snaps since 2019.
- First-round draft selection by the Cleveland Browns The Browns selected Newsome with the 26th overall pick in the 2021 NFL Draft. He signed a four-year, fully guaranteed rookie contract worth $12.75 million, including a $6.63 million signing bonus. Expectations were high as he replaced departing veteran Terrance Mitchell, pairing with Denzel Ward as a starting cornerback from day one.
- Solid early contributions in Cleveland In his rookie season and beyond, Newsome showed promise as a versatile defender capable of playing outside or in the slot. Over his time with the Browns through 2025, he accumulated respectable career totals, including three interceptions (one returned for a touchdown), 37 passes defended, and 178 tackles across 59 games. He earned praise for quick hands and instincts in coverage.
- Fifth-year option exercised, then demotion Cleveland picked up Newsome’s fifth-year option in 2024, worth $13.37 million for the 2025 season. However, heading into Week 3 of 2025, head coach Kevin Stefanski shifted him to a backup role behind Martin Emerson, signaling a dip in performance or scheme fit. Newsome prepared for increased snaps after injuries to teammates but faced challenges maintaining starter status.
- Midseason trade to the Jacksonville Jaguars In October 2025, the Browns traded Newsome and a 2026 sixth-round pick to the Jaguars for cornerback Tyson Campbell and a 2026 seventh-rounder. Newsome expressed excitement about the move, calling it “amazing” to join a winning team. He debuted soon after but struggled with injuries and inconsistent play, posting low Pro Football Focus grades in several games and seeing reduced snaps later in the season.
- 2025 stats and performance overview Across both teams in 2025, Newsome appeared in 12 games with 11 starts for Jacksonville after the trade. He recorded one interception, six pass breakups, and 29 tackles in limited action with the Jaguars, plus additional contributions from Cleveland. His overall PFF grade sat at 55.4, ranking him 85th among cornerbacks, reflecting mixed results in coverage and run support.
- Free agency and one-year deal with the Giants Entering unrestricted free agency after 2025, Newsome agreed to terms with the Giants on March 10, 2026, on a one-year contract valued at up to $10 million. The move came as New York sought to bolster its secondary following departures like Cor’Dale Flott. Agents Drew Rosenhaus and Oliver Chell negotiated the deal, positioning Newsome as a potential boundary starter or key rotational piece.
- Physical profile and playing style Listed at 6-foot, 192 pounds, Newsome combines length, speed, and agility. Scouts noted his fluid hips and ball skills during his draft process. He excels in man coverage when healthy but has faced criticism for occasional lapses against physical receivers. His versatility allows flexibility in defensive schemes, a trait the Giants value in rebuilding their unit.
- Outlook for 2026 and beyond At 25, Newsome remains young with upside in a prove-it year. The Giants’ signing provides stability and competition in the secondary. Success could lead to a longer-term deal, while struggles might impact his market. Analysts view the move as low-risk for New York, aiming to stabilize a defense needing playmakers. Newsome’s experience across three teams in five seasons offers maturity as he joins Big Blue.
Newsome’s journey reflects the unpredictable nature of NFL careers — from elite prospect to journeyman seeking resurgence. With training camp approaching, all eyes will be on how he adapts to the Giants’ system and contributes to turning around a unit hungry for improvement.
Business
Oil and gas price shock from Iran war could impact grocery costs
Panelists Dan Brouillette, Steve Moore and Art Laffer assess the economic impact of the Iran conflict on ‘Kudlow.’
High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers.
Oil prices surged in recent weeks after the outbreak of the Iran war, rising from the $60 to $70 a barrel range for most of February to more than $100 a barrel on Monday before gradually easing to about $85 a barrel during Tuesday’s trading session.
Higher oil prices, in turn, push gasoline and diesel prices higher, with the average price of a gallon of regular gasoline rising from $2.92 a month ago to $3.54 and diesel increasing from $3.66 to $4.78 in that period, according to AAA data.
The increase in oil, gas and diesel prices raises the transportation costs faced by businesses, including grocery stores, which may face pressure to raise the price of food and other items to account for the cost increases if the situation continues.
WILL TAPPING OIL RESERVES CURB SOARING GAS PRICES?

The war with Iran has affected the flow of oil through the Strait of Hormuz, a key choke point for the global energy market. (Giuseppe Cacace/AFP via Getty Images / Getty Images)
“Every time something moves in the economy it will cost more,” said Derek Reisfield, co-founder of MarketWatch and a former McKinsey consultant. “Someone, usually the end consumer, will have to pay for that.”
Gregory Daco, chief economist at EY-Parthenon, told FOX Business, “For U.S. consumers, what this means is that while there is currently a price shock at the pump being felt directly by consumers, there’s still uncertainty as to how long this shock will last.”
“The effect on consumer spending activity is still somewhat fluid because we don’t know the duration of the shock to crude oil prices and in turn to gas prices,” he added, noting that gas prices will moderate if crude oil prices trend down toward their pre-war levels.
FED OFFICIALS CLOSELY MONITOR IRAN CONFLICT FOR POTENTIAL INFLATION IMPACT

Grocery prices could be affected by a protracted energy price shock because elevated oil and gas prices increase businesses’ transportation costs and could be passed on to consumers. (Justin Sullivan/Getty Images)
Daco noted that businesses find themselves in “a very delicate pricing environment” because tariffs have raised input costs, which have been challenging to pass on to inflation-weary consumers.
“Pricing sensitivity over the course of the last couple of years has increased dramatically, and increasingly consumers are constrained by affordability issues,” Daco said.
Talent costs are also elevated with wages rising, and now transportation costs are increasing due to the oil and gas shock. And with consumers facing their own financial limitations, businesses are “really struggling in terms of your ability to find a relief valve on the pricing side.”
AMID IRAN WAR, PRESIDENT TRUMP SUGGESTS SHORT-TERM OIL PRICE SPIKE IS ‘SMALL PRICE TO PAY’ FOR PEACE

Gas prices jumped after the outbreak of the Iran war. (Brandon Bell/Getty Images)
Daco said businesses may opt to address those headwinds through some combination of margin compression and selective pricing behavior to “stave off some of these shocks at least in the short run” as they try to protect market share while waiting to see whether the energy price shock will be short-lived or longer-lasting.
Ben Fulton, CEO of WEBs Investments, said the oil shock “will have a butterfly effect if prices stay above $70 for very long. The cost to transport, hedging costs for manufacturing and cushioning by producers to protect from possible pending inflation will be noticeable to retail.”
Business
Clover Sonoma unveils premium ice cream

The ice cream is available in four flavors.
Business
First-time homebuyers could save tax-free under new Senate bill
‘The Big Money Show’ breaks down record home relistings as high mortgage rates sideline buyers and stall the housing market.
Buying a home was once the bedrock of the American Dream, but for millions of families, that dream is being priced out of reach.
With the typical down payment more than doubling since 2019 to $30,400, Sen. Rick Scott, R-Fla., is moving to bypass “economy-crushing” inflation. His newly introduced American Dream Accounts Act would empower first-time buyers to shield their savings from the IRS, allowing them to build a down payment faster and reclaim a stake in the country’s future.
“I grew up in public housing and watched my family struggle to make ends meet. For us, owning a home was out of reach because we couldn’t afford it,” Scott said in a press release. “Today, so many Americans are facing that same struggle, especially young first-time buyers who view homeownership as a critical milestone to help them achieve their American Dream.”
McMANSIONS BECOME FINANCIAL ‘LIABILITY’ AS BUYERS DITCH OVERSIZED HOMES
On Friday, the senator introduced the bill, which would allow for tax-exempt contributions and qualified withdrawals for down payments. Individuals under 35 years old can contribute up to $7,500 annually, while those over 35 have a “catch-up” limit of $10,000 per year.

A “for sale” sign is displayed outside of a home for sale on Aug.16, 2024, in Los Angeles, California. (Getty Images)
There’s flexibility for couples as two buyers can combine distributions, allowing for a total qualified distribution of up to $500,000.
However, nonqualified withdrawals will face a 10% penalty, mirroring traditional 401(k) rules to ensure the money remains focused on buying a home.
Sen. Rick Scott, R-Fla., joins ‘Mornings with Maria’ to weigh in on President Donald Trump’s $1.5T defense push, the $50B Pentagon request, mounting Iran conflict costs and the Senate showdown over the SAVE Act.
Realtor.com’s latest Down Payment Report found that the average amount needed for a home rose to $30,400 in the third quarter of 2025, double the figure from 2019. Additionally, the report estimated that it takes about seven years to save for that down payment.
“Unfortunately, years of inflation-driving, economy-crushing Democrat-led policies aren’t helping make it any easier. That’s wrong, and it’s why I am fighting every day to deliver real solutions that make housing more affordable for everyday Americans and make the dream of homeownership a reality,” Scott said.
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‘The Big Money Show’ panel discusses Congress’s plan to tackle the nation’s housing crisis.
“Homeownership means stability and economic mobility,” he continued. “This bill will help first-time buyers save faster, and their money go farther to ease the financial barrier to homeownership for families.”
While Sen. Scott’s bill takes the initiative to the federal level, several states, including Virginia, Colorado, Iowa and Oregon, have pioneered first-time homebuyer savings accounts to help Americans reach homeownership goals.
Business
New sweetener brand launches from Tate & Lyle

The company partners with a bio-alternatives platform.
Business
Chewy: A Defensive Staple For An Uncertain Economy
Chewy: A Defensive Staple For An Uncertain Economy
Business
Volkswagen AG (VWA:CA) Q4 2025 Earnings Call Transcript
Operator
Good morning, ladies and gentlemen, and welcome to the Full Year Results Investor and Analyst Call of Volkswagen AG. [Operator Instructions]
Let me now turn the floor over to Rolf Woller.
Rolf Woller
Head of Group Treasury & Investor Relations
Thank you very much, and a very good morning to everyone, and a warm welcome to the Volkswagen Group Investor and Analyst Conference Call on the Full Year Results 2025. With me today are Oli Blume, our CEO; and Arno Antlitz, our CFO and COO.
Before we start, let me provide you with a few organizational remarks. The press release, the annual report and other related materials were all published early this morning. If you do not have them yet, you can find them on our IR website. As a reminder, and as always, the safe harbor language and other cautionary statements on Page 2 of our presentation will govern today’s presentation. I would like to encourage you to read the disclaimer carefully since all forward-looking statements are qualified by this language. In order to maximize the time for the presentation and the Q&A, I will not read it loud to you.
Our presentation today is structured in 4 chapters. Oli will guide you through the financial and operational highlights in 2025, followed
Business
European Stocks Tumble at Open as Oil Surges
Banks, industrials, and technology companies fall as European blue-chip indexes all opened sharply lower on surging oil prices.
Spain’s IBEX 35 fell 3% as major banks slipped sharply—Santander was down 4.4%, while BBVA fell 3.5%. Industrials led the fallers in the German DAX—down 2.7%—as Siemens Energy slid 7.25% while cement maker Heidelberg Materials fell 4.5%. The French CAC 40 was down 2.6%. Banks also pushed the FTSE MIB lower. The Italian index was down 2.5%, with UniCredit sliding 4%. In London, the FTSE 100 was down 1.7% as industrial giant Rolls Royce slid 5.1%. Losses in the index were softened somewhat by gains for oil majors BP and Shell. The Dutch AEX was down 1.9% as ASML—Europe’s most valuable company—falls 5%.
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