The European Banking Authority (EBA)'s role extends beyond mere oversight, actively shaping the robust infrastructure necessary for a stable EU financial market. Through its rigorous EU-wide stress testing, the EBA challenges banks against hypothetical adverse market conditions, thus ensuring
The finance industry is on the cusp of undergoing one of its most significant transformations in decades – the move towards T+1 settlement. This expedited process aims to settle trades one day after they occur rather than two, ushering in enhanced efficiency and stability for securities markets
At the dawn of a transformative era, the global retail banking market, valued at USD 2.05 trillion as of 2023, is forging ahead with a projected upswing to a staggering USD 3.34 trillion by 2031. This market, fundamental to the financial well-being of individuals, is elevating its stance through a
When it comes to the intersection of financial service and innovative technology, not all collaborations stand the test of time. Yet, Foundever™, previously known as Sitel Group and Sykes, stands out with their more than two-decade-long partnership with a leading banking disruptor. What's truly
The Education Department announced significant increases in federal student loan interest rates for the 2024-25 academic year, bringing a considerable financial challenge to the forefront. Incoming and current college students, many of whom rely heavily on these loans, are faced with a historic
In the complex landscape of financial services regulations, the Swiss Financial Services Act (FinSA) and Financial Institutions Act (FinIA) have become pivotal legislations that govern the operations of External Asset Managers (EAMs). Compliance with these requirements has proven to be a daunting
