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 into the
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
The intricate challenges of financial crimes, especially involving large sums of government funds, were spotlighted as the Economic and Financial Crimes Commission (EFCC) arraigned businessman Akindele Akintoye on December 24, 2024. These charges, which include money laundering and contract fraud,
The Canadian Regulatory Technology (RegTech) sector is experiencing significant growth, driven by technological advancements and increasing regulatory pressures. As businesses seek more efficient compliance solutions, the market is projected to reach $877 million by 2029. This article delves into
Quantum computing stands as a groundbreaking technological advancement that promises to revolutionize numerous sectors, with financial technology (fintech) being among the most promising. This emerging field leverages quantum mechanics to solve complex problems and process large volumes of data
As the year comes to a close, now is the perfect time to take stock of your financial situation and set the stage for a successful year ahead. Whether you’re building wealth, preparing for retirement, or managing your family’s needs, an end-of-year financial review can help you stay on track and
The global payment processing solution market is set on a remarkable upward trajectory, driven by the increasing demand for secure and efficient digital transactions across various sectors. As businesses and consumers continue to embrace digital payment methods, the market is projected to expand
The Office of the Comptroller of the Currency (OCC) recently issued a comprehensive enforcement action against USAA Federal Savings Bank, a financial institution known for serving military members, veterans, and their families. This latest action underscores persistent regulatory issues, mandating
