financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies.

(source: en.wikipedia.org)

Credit Unions Want Gen Z’s Deposits and Loyalty
Credit Unions Want Gen Z’s Deposits and Loyalty
April 12, 2024  |  Credit Unions

For traditional financial services providers — chiefly credit unions — the future belongs to youth. For FinTechs, in looking at Gen Z consumers, well, things...

READ MORE >
Investment Apps Tap Open Banking to Help Consumers Cut Costs, Maximize Returns
Investment Apps Tap Open Banking to Help Consumers Cut Costs, Maximize Returns
April 04, 2024  |  Banking

Traditional wealth management services often involve face-to-face interactions with financial advisors, extensive paperwork and opaque fee structures, making the process daunting for many potential investors....

READ MORE >
Technology, Government, Financial Sectors Lead First-Quarter Job Cuts
Technology, Government, Financial Sectors Lead First-Quarter Job Cuts
April 04, 2024  |  Economy

The technology, government and financial sectors made the greatest number of job cuts during the first quarter. Across all industries, U.S. employers announced 257,254 job...

READ MORE >
Rakuten Could Combine Bank and FinTech Operations
Rakuten Could Combine Bank and FinTech Operations
April 01, 2024  |  Banking

Japanese conglomerate Rakuten is considering merging its financial operations into one unit. The plan, announced Monday (April 1), would consolidate the company’s bank, insurance, securities,...

READ MORE >
Digital Shift Helps Banks Tailor Credit Offers to Consumers
Digital Shift Helps Banks Tailor Credit Offers to Consumers
March 28, 2024  |  Digital-First Banking

For decades, consumer expectations around the convenience and always-on capabilities of their financial services could not be met. The typical Monday-through-Friday banking hours and 4...

READ MORE >
Databricks Doubles Down on Data to Bring AI to Fortune 500
Databricks Doubles Down on Data to Bring AI to Fortune 500
February 22, 2024  |  artificial intelligence

For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in...

READ MORE >
Capital One/Discover Combo Could Create Financial Ecosystem for Paycheck-to-Paycheck Consumers
Capital One/Discover Combo Could Create Financial Ecosystem for Paycheck-to-Paycheck Consumers
February 20, 2024  |  Acquisitions

In any industry, a $35 billion deal is, of course … a big deal. But in financial services, the news that Capital One has set...

READ MORE >
Moving GenAI in Payments From Talking Point to Embedded Feature
Moving GenAI in Payments From Talking Point to Embedded Feature
January 29, 2024  |  artificial intelligence

From education to business to healthcare, the opportunities that artificial intelligence presents are limitless — at least according to proponents of the technology. But what...

READ MORE >
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
January 22, 2024  |  Cross Border Commerce

The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any...

READ MORE >