financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies.

(source: en.wikipedia.org)

DBS and Ant International Test Blockchain-Powered Treasury Management Solution
DBS and Ant International Test Blockchain-Powered Treasury Management Solution
August 13, 2024  |  Blockchain

DBS and Ant International have launched a pilot of a blockchain-powered treasury and liquidity management solution designed to enable Ant International to reduce the settlement...

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Credit Unions vs Big Tech: Winner Gets the Customer
Credit Unions vs Big Tech: Winner Gets the Customer
August 13, 2024  |  Banking

For banks — and especially for credit unions — the battle with Big Tech for the hearts, minds and wallet share of consumers may seem...

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CFPB Wants to Set the Rules for How Banks Use AI
CFPB Wants to Set the Rules for How Banks Use AI
August 13, 2024  |  artificial intelligence

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to...

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Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
August 07, 2024  |  Bank Regulation

The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on...

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FIS Sees Record Sign-Ups for Core Banking Products
FIS Sees Record Sign-Ups for Core Banking Products
August 07, 2024  |  Earnings

FIS says it is on pace to have a record year for sign-ups to its core banking offering. It’s a trend driven by “competitive takeaways” and...

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MoneyLion Continues to Play Winning Hand With Middle-Income Americans
MoneyLion Continues to Play Winning Hand With Middle-Income Americans
August 07, 2024  |  Digital-First Banking

The MoneyLion business model pivot continues. A year after posting substantial losses as a neobank, the financial services portal rode its new business model to...

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Zafin and 10x Partner to Facilitate Core Banking System Modernization
Zafin and 10x Partner to Facilitate Core Banking System Modernization
August 06, 2024  |  Banking

Zafin and 10x Banking have partnered to enable banks and financial institutions to modernize their core systems incrementally. This phased approach makes the implementation less...

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Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’
August 05, 2024  |  Investments

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. “This oversubscribed round highlights the strength of our model’s unit economics, as well as our...

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SoFi Wants Tech Platform to Be AWS of Financial Services
SoFi Wants Tech Platform to Be AWS of Financial Services
July 30, 2024  |  Earnings

SoFi Technologies’ leadership wants the company to become the “Amazon Web Services” (AWS) of FinTech. What that means is a lot of investment into technology...

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