Risk Management

SEC Fines Wells Fargo, Merrill Lynch, and LPL for Compliance Failures
Capital, Risk & Assets SEC Fines Wells Fargo, Merrill Lynch, and LPL for Compliance Failures

The Securities and Exchange Commission (SEC) recently imposed hefty fines on prominent financial institutions Wells Fargo, Merrill Lynch, and LPL Financial for a series of compliance failures. These penalties arose from inadequate implementation of written policies and anti-money laundering (AML)

CFP Certification's Impact on Financial Planning for Underserved Consumers
Capital, Risk & Assets CFP Certification's Impact on Financial Planning for Underserved Consumers

Financial planning is essential for consumers across all income levels, particularly those in the traditionally underserved subprime segment. As technology continues to break down barriers, financial planners have new opportunities to overcome affordability and outreach challenges within the

Why Did Bench Go Bankrupt Despite Millions in Investments?
Trends & Future Why Did Bench Go Bankrupt Despite Millions in Investments?

Bench, the accounting startup founded in 2012, which had managed to secure a remarkable $113 million in investments from prominent backers such as Shopify and Bain Capital Ventures, surprisingly declared bankruptcy despite holding $2.8 million in cash. The apparent inability to manage their

Is a Rewarding Career in Banking Right for You?
Capital, Risk & Assets Is a Rewarding Career in Banking Right for You?

A career in banking is multifaceted, offering lucrative, stable, and promising opportunities across different functions such as customer service, operations, investment banking, risk management, and financial analysis. The banking industry plays a pivotal role in the economy, ensuring the smooth

Open Banking: Revolutionizing Payment Systems for Security and Efficiency
Trends & Future Open Banking: Revolutionizing Payment Systems for Security and Efficiency

Open Banking, introduced in the UK in 2018 as part of the implementation of the Second Payment Services Directive (PSD2), has brought about a significant transformation in the financial landscape. This innovative approach addresses the longstanding inefficiencies in traditional payment systems,

Can Quantum Computing Revolutionize the Future of Fintech?
Trends & Future Can Quantum Computing Revolutionize the Future of Fintech?

Quantum computing is on the brink of revolutionizing various sectors, with financial technology (fintech) being one of the most promising areas of impact. This emerging technology leverages principles from quantum mechanics to solve complex problems and process massive amounts of data more

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