In a significant push towards supporting innovation, the Iranian banking system has seen a substantial increase in loans extended to knowledge-based firms. Over the first four months of the current Iranian calendar year, which spans from March 20 to July 21, banks provided 927 trillion rials
Fifth Third Bank’s embedded payments platform, Newline, and Trustly, a global leader in Open Banking Payment solutions, have joined forces to revolutionize the money movement landscape. This strategic collaboration aims to offer a more efficient and secure payment process by leveraging their
The Ukrainian Processing Center (UPC) has announced the launch of Ukraine’s first Open Banking platform, a significant milestone aimed at revolutionizing the nation’s financial sector. This platform is designed to integrate banks and Payment Service Providers (PSPs) within a unified technological
The article, "We Value Your Privacy," elaborates on how a website and its extensive network of 1,443 partners utilize cookies and other tracking technologies to enhance user experience. The central focus is on data collection and user consent, highlighting the use of personal data such as IP
The Singapore FinTech sector, once a thriving hub of innovation and investment, experienced a stark downturn in Q2 2024. This decline in funding and deal activity serves as a reflection of broader market uncertainties and changing investor strategies aimed at mitigating risks in a volatile economic
The financial industry is at the cusp of a significant transformation, driven by Generative AI (GenAI), which is rapidly becoming a crucial tool in the fight against modern financial frauds and crimes. The article by Ellen Roberson delves into the innovative applications of GenAI, highlighting
Examining the possible election of Kamala Harris as President of the United States brings forward a range of financial concerns, particularly for high earners. In this article, we delve into seven primary areas: tax increases, changes to tax credits, housing market concerns, impacts on investment
In an era defined by technological advancements and digital transformation, the financial services landscape is rapidly evolving, necessitating the provision of more advanced, secure, and efficient payment solutions to meet clients' dynamic needs. Amid this transformative stage, Network
Toronto-Dominion Bank (TD Bank) has encountered a significant financial hit as it faces ongoing investigations and anticipated penalties related to its anti-money laundering practices in the United States. To address this, the bank has proactively set aside a substantial provision of $2.6 billion
The integration of Artificial Intelligence (AI) into the financial sector promises transformative benefits but also presents significant challenges for regulators. Financial institutions worldwide are increasingly adopting AI to enhance efficiency, streamline processes, and improve risk management.
