The relationship between major financial institutions, known as Big Banks, and the Trump administration has been notably favorable. This article explores the reasons behind the banking sector's affection for Trump and discusses the potential benefits for investors in this sector. The author, with
In a move significant for the financial sector, the European Data Protection Board (EDPB) issued an opinion on October 7, 2024, aimed at guiding data controllers on their reliance on processors and subprocessors under the General Data Protection Regulation (GDPR). The guidance underscores two
The landscape of banking is undergoing a significant transformation, driven by the need to meet modern consumer expectations for convenience, personalization, and security. Financial institutions, including banks and credit unions, are increasingly adopting advanced technologies to enhance customer
Deutsche Bank's recent revision of ratings on key cybersecurity stocks has stirred significant interest, with some companies seeing their prospects brightened while others face increased scrutiny. SentinelOne, a prominent player in the field, experienced an encouraging upgrade from Hold to Buy.
In a nation grappling with the complexities of cannabis legalization, the Secure And Fair Enforcement (SAFER) Banking Act represents a crucial step forward. This legislation addresses a persistent challenge facing cannabis businesses: access to banking services. Currently, the federal illegality of
In recent years, embedded finance has surged as a pivotal force in the financial services world, intersecting seamlessly with the burgeoning realm of open banking. By embedding financial services into non-financial platforms, these innovations enhance both consumer and business experiences. This
As the 2023 U.S. presidential election approaches, major financial institutions such as Citibank and JPMorgan Chase are closely monitoring potential market shifts that may arise from the election results and strategizing to manage the anticipated volatility. Scott Chronert, a U.S. equity strategist
In a move that aims to bolster the security of electronic payments and transfers, Credit Europe Bank has implemented the Confirmation of Payee Service known as SANB (Serviciul Afișare Nume Beneficiar). The new feature enhances transaction security in lei via the bank's Internet and Mobile Banking
Robo-advisors have revolutionized the world of investing by offering automated, algorithm-driven financial planning services. Platforms like Wealthfront and Betterment provide cost-effective and efficient solutions for managing investments. However, to fully leverage their potential, investors need
In an increasingly digital world, the lines between financial services and everyday consumer experiences are becoming more blurred. Non-financial brands are stepping into traditional banking roles, spurred by the demand for innovative and seamless financial solutions. An insightful PYMNTS
