The recent collaboration between Regions Bank and Axway signals a substantial leap forward in the arena of open banking, aiming to significantly enhance data privacy, security, and seamless financial data sharing for their Consumer Banking, Corporate Banking, and Wealth Management customers. This
In recent years, the U.S. Federal Deposit Insurance Corporation (FDIC) has taken significant actions regarding banks and their dealings with cryptocurrencies. While advising banks to pause direct involvement in crypto assets in 2022 and 2023, the FDIC did not order them to cease offering services
Tessa R. Dooley, Vice President of U.S. Merchant Marketing at American Express, emphasizes the crucial role that technology and advances in payment systems play in helping small- to medium-sized businesses (SMBs) stay competitive. With the rapid evolution of consumer preferences and the increasing
The stock market's performance in 2024 defied many expectations, with several developed markets reaching record highs despite a backdrop of global uncertainties. This article delves into the key events, trends, and investment lessons from the year, providing insights for long-term investors.
In a pivotal move to realign its operational focus and fortify its financial foundation, Hawaiian Electric Industries (HEI) announced the sale of a 90.1% stake in American Savings Bank (ASB) to independent investors for a striking $450 million. Finalized on January 2, 2025, the transaction sees
The financial sector is on the brink of a technological revolution in 2024 as groundbreaking advancements in artificial intelligence (AI), machine learning (ML), blockchain, digital currencies, and cybersecurity are set to redefine how financial institutions operate. These innovations promise
In the wake of a prolonged postal strike, local charities across Canada are grappling with significant financial challenges, a situation exacerbated by the disruption to mail deliveries during the crucial holiday donation period. The strike, which spanned from November 15 to December 17, stalled
Third Point, an alternative investment manager with $12 billion in assets, has announced a definitive agreement to acquire AS Birch Grove LP, a diversified alternative credit fund manager. Founded in 1995 by CEO Daniel S. Loeb, Third Point focuses on event-driven investments in equities, venture
ZA Bank has made a significant leap in the financial sector by launching Asia's first retail crypto banking service in Hong Kong. This initiative underscores the city's progressive stance on integrating traditional banking with digital assets like cryptocurrencies. This article delves
In a rapidly evolving technological landscape, banks are under immense pressure to undergo digital transformations to stay competitive, enhance services, and meet the heightened expectations of their customers. However, many face significant challenges, such as regulatory constraints, data security
