Seeking financial advice, especially as you approach retirement, necessitates careful consideration. The difference between a fiduciary and a non-fiduciary financial advisor is critical, as it can greatly influence the quality of advice and the protection of your financial interests. This article
The banking system of America is still among the stable foundations of the global market; however, many individuals started to doubt this stability at the beginning of 2023, as the regional failures constituted 209 billion USD. Fortunately, this highly regulated industry is primarily covered by the
As digital banking becomes the new norm, Santander has strategically launched its digital banking platform, Openbank, in the U.S. market. This move signifies a major step towards harnessing the potential of digital-first financial services, aimed at a market known for its competitiveness and high
The Consumer Financial Protection Bureau (CFPB) has recently finalized a groundbreaking rule that aims to revolutionize consumer rights, privacy, and security in the financial services sector. This rule mandates that financial institutions, credit card issuers, and other service providers must
The retail banking sector is on the brink of significant transformation, driven by emerging trends, technological advancements, and evolving consumer preferences. A recent report from HTF Market Intelligence predicts the global retail banking market will expand from $600 billion in 2023 to $850
The rapid advancement of artificial intelligence (AI) has revolutionized many industries, with the financial sector being no exception. Financial institutions are leveraging AI for enhanced customer services, predictive analytics, and improved operational efficiency. However, the same technology
Revolut, a prominent FinTech firm, has launched a new point-of-sale (POS) terminal device targeted at larger businesses in the UK and Ireland. This launch is strategically planned to coincide with Black Friday and the upcoming festive shopping season. Designed to bolster Revolut's
In a world where digital banking is rapidly transforming, cybersecurity threats are escalating at an unprecedented rate. Today, financial institutions are grappling with sophisticated social engineering attacks and account takeovers. This backdrop has created an urgent need for innovative security
Today's major corporations face multifaceted challenges as they navigate an evolving landscape of consumer expectations and technological advancements. Citibank’s struggles with legal issues related to fraud prevention and Samsung’s difficulties in meeting soaring demand for AI technology ill
The strategic partnership between XYB and IBM marks a significant step forward in modernizing core banking systems. By leveraging XYB’s innovative coreless banking platform and IBM’s robust cloud services tailored specifically for the financial sector, this collaboration aims to revolutionize the la
