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.
Data Fabric and the Impact on Data Access for Financial Services
By Spiros Margaris (Margaris Ventures) When we talk about the fintech industry, we often refer to the great user experience, better value for money, and wide range of innovative products that it provides to customers. These great offerings of…
Dubai Financial Services Authority Launches Framework for Investment Tokens
Dubai Financial Services Authority (DFSA) became the latest financial regulatory authority to launch a clear regulatory structure for investment tokens in the region. In a recently issued press release, DFSA mentioned that the regulatory framework…
If Sunak's budget delivers for financial services, they can deliver for the globe
At Conservative party conference, the Chancellor promised to deliver an economy based on “good work, better skills and higher wages” and embrace “the agility, flexibility and freedom provided by Brexit”. This will create…
COP26: London losing to Europe on green finance
LONDON is losing out to Europe in the race to dominate the “green” finance industry, says an influential think tank in a report it says is a “reality check”. Ahead of COP26, the environmental summit that kicks off next…
Digital Assets Will Be Part of Citigroup Financial Service Future Says CEO
Citigroup is considering offering crypto trading, custody, and financing services in the presence of regulatory uncertainty. Two years after Citigroup tried its unsuccessful Citicoin crypto experiment, it's now looking to get into the crypto space…
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McGuireWoods boosts securities enforcement team with Morgan Lewis partner
John Ayanian joins as a Washington, D.C.-based partner He has prior in-house, SEC experience (Reuters) - McGuireWoods has expanded its securities enforcement and litigation team with John Ayanian, a longtime Morgan, Lewis & Bockius lawyer who has…
Daniel Machnik - Forbes Councils
CFP️, Wealth Management Advisor Willis & Machnik Financial Services I graduated with a Bachelor's degree in business from Western Michigan University. I lived in Chicago, where, for nine years, I gained experience in the finance field. I…
Treasury Department names first counselor for racial equity
NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries. Treasury Secretary Janet…
Hong Kong rejects pleas from global banks to scrap zero-Covid
Hong Kong's government said it will stick to its “zero infection” strategy on Covid-19, rebuffing a plea from global banks for the city to ease its strict quarantine policy and set a clearer timeline for a return to normal. In a…
Dubai Financial Services Authority (DFSA) launched a regulatory framework for investment tokens
As countries worldwide face regulatory uncertainty, the Dubai Financial Services Authority (DFSA) has come up with a regulatory framework for investment tokens. Furthermore, a framework for other cryptocurrencies will be launched soon. According to…
Denim Social raises $5 million, hopes to sign more bank customers
David Nicklaus is a business columnist for the St. Louis Post-Dispatch. Denim Social, a St. Louis firm whose software helps financial institutions manage their social media presence, has raised $5 million from two banking-focused investment funds.
Digibee Participates in Money 20/20 to Highlight how Enterprise Integration Platform as a Service Unlocks Business Opportunity for Financial Services
Las Vegas, NV. – Digibee, the leading low-code integration platform recently announced its participation in Money 20/20, the global stage where stories unfold and the future is told about how the payments, banking, fintech, and financial…
Cyabra gets $5.6M Series A to launch news disinformation detection analysis tools
Misinformation and disinformation content has continued to increase across social media channels, and its effects have impacted every type of organization, from the public to private organizations. A Tel Aviv, Israel-based startup called Cyabra has…
Ultrawealthy foreigners are hiding their millions in the US, and they're going to keep getting away with it until Congress does something about it
The Pandora Papers showed how wealthy people globally evade scrutiny and taxation by putting their money in US trusts. Congress recently passed legislation that makes US entities less useful for hiding tax evasion. Lawmakers should take further…
Credit Report Accuracy and the Challenges of the Metro 2 Format
Businesses that extend credit to businesses or consumers are often motivated to report customer data to one or all of the major consumer credit bureaus: Equifax, TransUnion, and Experian. Doing so helps maintain a healthy ecosystem. More…
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