Banking

Bank of America Relaunches FICC Services in Philippines for Growth
Finance Bank of America Relaunches FICC Services in Philippines for Growth

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,

October 18, 2024
Can Traditional Banks Compete in a Digital-First FinTech World?
Finance Can Traditional Banks Compete in a Digital-First FinTech World?

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

October 16, 2024
SoFi Teams Up with Fortress to Boost Personal Loan Offerings
Finance SoFi Teams Up with Fortress to Boost Personal Loan Offerings

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

October 14, 2024
Capturing Gen Z: Personal Touch and Digital Savvy for Credit Unions
Finance Capturing Gen Z: Personal Touch and Digital Savvy for Credit Unions

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

October 9, 2024
How Will SemFi by HSBC and Tradeshift Transform Business Finance?
Finance How Will SemFi by HSBC and Tradeshift Transform Business Finance?

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

October 8, 2024
How Will First Trust Bank's Leadership Change Impact Its Future?
Finance How Will First Trust Bank's Leadership Change Impact Its Future?

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,

October 3, 2024
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