Banking

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

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 i

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

Businesses today face increasing demands for streamlined, efficient financial solutions integrated directly within their e-commerce ecosystems. In response, HSBC and Tradeshift have partnered to introduce SemFi, a platform designed to revolutionize business finance. With the aim of simplifying

First Trust and Savings Bank, a well-established financial institution headquartered in Watseka and Clifton, has announced a significant leadership change that could define its future trajectory. This pivotal transition sees long-time board director James Caspary stepping down and his successor,

In an effort to maintain its competitive edge in a rapidly changing financial landscape, Absa Bank Kenya has embarked on a comprehensive revamp of its consumer banking division. This strategic shift is designed to meet the evolving needs of various customer segments, with a special focus on