Financial Services Industry News
A collection of Financial Services latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What role does Cloud Computing play in Banking and Financial Services?
Banks in the financial services sector cannot function in the digital age without Cloud technology. Many businesses are adopting Cloud technology because of its adaptability, dependability, and security as opposed to on-premise alternatives. By…
Trends and Big Ideas Shaping Fintech in 2023 • TechCrunch
At Visa, we see our work with fintechs as one of our greatest opportunities. Fintechs are changing the game, reinventing the ways consumers manage their finances, and businesses manage their operations. As we begin 2023, we're excited to see new…
PacWest restructuring Civic Financial Services' operations
PacWest Bancorp is restructuring its operations as it looks to exit silos and unify its business lines. That includes making changes at its Civic Financial Services mortgage lending business. 'PacWest has a long history of acquisitions that brought…
British Financial Services Damaged by Slow Supervisors, Report Warns
Britain's regulators can be slow, inefficient and unpredictable, raising costs and slowly damaging the financial sector's global competitiveness, industry body TheCityUK said in a report. Complex, opaque and slow authorizations, such as for a new…
Provident Financial Services, Inc. (PFS) Q4 2022 Earnings Call Transcript
Provident Financial Services, Inc. (NYSE: PFS) Q4 2022 Earnings Conference Call January 27, 2022 10:00 AM ET Adriano Duarte - Head of Investor Relations Tony Labozzetta - President & Chief Executive Officer Tom Lyons - Senior Executive Vice…
The future of due diligence in the wake of FTX and Frank
Recent fraud allegations on Wall Street have put M&A due-diligence teams under a microscope. After years of breakneck M&A, experts say deals will be put through more scrutiny. Insider spoke with 13 bankers, analysts, and fintech execs about the…
CBN is futuristic: Tribapay CEOs speak on financial service delivery in Africa
Bolu Oluwagbesan and Anu Oguntoye are the founders of Tribapay- a Digital Wallet seeking to revolutionize the payment system in Africa with completely unique features. In this interview with Legit.ng, they share their journey into the booming…
The Administration's Roadmap to Mitigate Cryptocurrencies' Risks | NEC
2022 was a tough year for cryptocurrencies. In May, a so-called “stablecoin” imploded, prompting a wave of insolvencies. Just months later, a major cryptocurrency exchange collapsed. Many everyday investors who trusted cryptocurrency…
Banks Will Dominate Stablecoins, and 2 Other Predictions About the Future of Money
As blockchain technology continues to develop over the coming years, cross-border payments will prove to be a game-changing use case. In order to grow, the industry needs user adoption while users will embrace a technology that fills an actual…
Experts Explain How Gen Z's Interest in Crypto Will Affect the Future of Banking
Cryptocurrency, as far as Gen Z is concerned, has a place in the future of finance. GOBankingRates' Best Banks 2023 survey revealed that more than a quarter of Gen Z respondents think having their bank affiliated with a cryptocurrency exchange or…
Opinion | Wonking Out: Inflation and the Imputation Game
When it comes to economic assessment, feelings are no substitute for hard data. A plurality of Americans say that we're in a recession; the actual numbers on jobs and gross domestic product show an economy that remains quite strong. Indeed…
10 steps every business can take to avoid a cybersecurity breach
Check out all the on-demand sessions from the Intelligent Security Summit here. Businesses that survive cyberattacks understand that breaches are inevitable. That's a strong motivator to make cyber-resilience and business recovery a core part of…
The CFPB has a data privacy blind spot
The safety and security of your personal financial data is a top priority for America's leading banks, and it should be for the Consumer Financial Protection Bureau (CFPB) too. Unfortunately, the CFPB tasked with protecting consumers and promoting…
NBCU CEO's Ad Outlook: 'Stabilized,' But Still Weak For Early 2023
by Wayne Friedman, Yesterday Some TV advertising news that could potentially be positive comes from NBCUniversal CEO's Jeff Shell, who said during Comcast's fourth-quarter earnings call on Thursday the advertising market seems to have…
Experts say may not affect market, but deepens anxiety on corporate governance
The group's stocks, thinly held by retail investors and mutual funds — and with low free float — found little support and so went into a spiral deepening anxiety among even those holding them. While many feel the situation will…
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