In an increasingly digitized financial landscape, concerns about the use and abuse of personal financial data have reached the Senate floor. The latest congressional testimonies and reports draw sharp attention to the practices of major financial firms that directly impact consumer rights and the
The financial world is increasingly propelled by the need for security and trust. In the engines of finance, compliance holds the gears together, ensuring everything runs smoothly and safely. A pivotal part of this compliance mechanism is Know Your Business (KYB), a process designed to vet and
As the banking sector forges ahead with digital transformation, it is increasingly becoming a prime target for sophisticated cybercriminals. The stakes are high as these institutions grapple with protecting not just colossal financial assets but also sensitive customer data. In an era where digital
The dynamic arena of banking and payment smart cards is undergoing significant changes with economic, technological, and regulatory developments shaping its future. As the industry navigates through challenges and opportunities, this article offers an in-depth look at the trends and forecasts that
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 t
Open banking is heralding a new era of financial management, offering consumers unprecedented control over their financial data. This transformation is being propelled forward by the Consumer Financial Protection Bureau’s (CFPB) Rule 1033, a directive that promises to enhance consumer agency and c
