The landscape of financial operations for Small and Medium Enterprises (SMEs) in Kenya is undergoing a significant transformation. Driven by the need for enhanced security, transparency, and operational efficiency, a growing number of these businesses are embracing financial technology (fintech)
Businesses and consumers alike must adapt to the ongoing move away from physical payment methods. Fintech trends like Near-Field Communication technology and virtual cards have transformed how transactions take place, offering payers more security and enabling more frictionless buying experiences.
In a compelling revelation that has raised eyebrows across the financial sector, Michael Barr, the Federal Reserve's outgoing vice chair for supervision, highlighted the competitive pressures driving financial institutions toward the adoption of generative artificial intelligence (genAI).
The wealth management sector is undergoing significant transformations, driven by technological advancements, regulatory changes, and evolving client expectations. High net worth (HNW) clients, in particular, require tailored strategies to navigate these changes effectively. This article explores
Peer-to-peer (P2P) payment services have become an integral part of our digital world, allowing users to easily and quickly send money to others without the need for cash or physical checks. Whether you need to pay someone back for a meal or send money to a friend, P2P platforms like Venmo, Zelle,
Herbert Wigwe’s transformative influence on African banking is a testament to visionary leadership. Through his stewardship of Access Bank, he reshaped the financial landscape, turning a struggling institution into a global powerhouse. His contributions to financial inclusion, innovation, and n
In the ever-evolving landscape of financial technology, investors face the continuous challenge of managing their portfolios effectively while navigating market volatility and taxation complexities. Frec’s Portfolio Allocation feature offers a refreshing solution by allowing investors to take c
In today's interconnected global economy, the need for efficient international money transfers has become increasingly important. Whether for personal reasons like supporting family members or paying for education, or for corporate needs such as handling business transactions, selecting the
Bank regulation is a complex and multifaceted topic that impacts the entire financial system and the broader economy. Governor Bowman's recent speech on bank regulation delves into various aspects of the subject, highlighting both the costs and benefits of the current regulatory framework. Her
Union Bank of Switzerland (UBS) is pioneering a groundbreaking initiative in the gold trading market by introducing a digital gold trading platform based on advanced blockchain technology. This pioneering move is set to transform the way gold is traded, blending traditional banking systems with
