In recent years, the concept of Open Banking has gained significant traction, driven by the need for more transparent and efficient financial services. As a result, the global Open Banking market is poised for substantial growth, with its value expected to increase from USD 35.4 billion in 2024 to
In the rapidly evolving realm of cryptocurrency, a noteworthy partnership has emerged aimed at addressing one of the industry's most pressing demands: seamless, round-the-clock trading capabilities for institutional investors. OKX, Forteus, and Komainu have joined forces to create robust and
In a move that has rattled financial markets and left economists speculating about the potential fallout, President-elect Donald Trump has threatened to impose new tariffs on top trading partners, Mexico, Canada, and China. Trump announced on his Truth Social network that he plans to levy a 10%
The financial services industry is currently undergoing a seismic shift, driven by the increasing adoption of Banking as a Service (BaaS) models powered by APIs (Application Programming Interfaces). This modern approach is fundamentally changing how financial products and services are accessed and
In a significant move to bolster regulatory oversight and curtail regulatory arbitrage, the Bangko Sentral ng Pilipinas (BSP) is scrutinizing lenders operating similarly to digital banks, potentially necessitating them to obtain digital banking licenses. This initiative, led by BSP Director for
In a significant move set to transform Mexico's digital payment landscape, Mexico City-based neobank Albo has announced a strategic partnership with issuer-processor Paymentology. This collaboration encompasses various initiatives aimed at expanding Albo's portfolio of digital payment services and
The wealth management industry is currently navigating a transformative period, grappling with systemic issues related to data management and technology integration, which are becoming major impediments to growth and operational efficiency within Australia's sector. According to a recent report by
In an era where digital transformation is reshaping industries, the utility sector is not left behind as it advances towards more efficient and modern operations. A recent partnership between FIS, a global payment processing giant, and Oracle, a prominent enterprise software provider, marks a
Facing the growing concerns of climate change and its potential impact on the financial sector, the Australian Prudential Regulation Authority (APRA) has announced ambitious plans to integrate climate risk into prudential standards by 2025. This decision is based on APRA's thorough analysis of its
The 2024 Global Private Banking Awards have once again shined a spotlight on the leading institutions in the private banking sector, honoring their outstanding service, innovation, and strategic growth. This prestigious event has highlighted the achievements of banks that have established new
