The rapid adoption of artificial intelligence (AI) in the financial sector has revolutionized operations, bringing unprecedented efficiencies and robust analytical capabilities. However, this transformative technology also introduces a suite of cybersecurity risks that financial institutions must
Bank of America (BofA) has made a strategic decision to relaunch its Fixed-Income, Currencies, and Commodities (FICC) business in the Philippines, aiming to take advantage of the country's robust economic growth and increasing investor interest in diverse sectors like services, semiconductors, and
The banking industry's digital transformation is accelerating as traditional banks face increasing competition from agile and digital-native FinTech companies. With nearly half of all new account openings now being captured by FinTechs, traditional banks are feeling the urgency to modernize their
SoFi Technologies Inc. has recently entered into a significant agreement with Fortress Investment Group LLC to fund $2 billion for the origination of personal loans. This strategic move is part of SoFi’s broader endeavor to transform into a comprehensive financial service provider, moving beyond
Community banks and credit unions face the critical task of capturing the loyalty of younger generations, specifically millennials and Gen Z. These younger consumers are pivotal for the long-term growth and stability of financial institutions. As they progress in their careers, raise families, and
The Scottish National Party (SNP) is currently engulfed in a substantial financial scandal that has captured the nation's attention. Allegations have arisen that the party made significant payments amounting to hundreds of thousands of pounds to a non-existent company. These serious claims have
