Though FinTech has, in many ways, heated up the competition with banks, traditional financial institutions (FIs) widely began to realize in 2018 that their best strategy to remain competitive in today’s financial services landscape is often to collaborate with (not against) those FinTech firms. Get...
One of the biggest shifts in banking that FinTech newcomers ushered into the market is the demand among customers for advisory services. With FinTechs offering clients a range of easy-to-use, sophisticated products, banks in 2018 were pressured to react to small businesses’ demand for advisory...
The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its international network, offering 24-hour wire transfers to Jordan, with more countries being added soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading companies. According to a statement on the bank’s website, the decision was made due to “the repeated violations of the requirements of the...
It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech...
In 1960, Yul Brynner, Steve McQueen and Charles Bronson introduced America to “The Magnificent Seven,” a John Sturges film in which seven men are hired to defend a small village in Mexico from bandits. Get the Full Story Complete the form to unlock this article...
Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Get the Full...
With the payments acceleration trend of recent years promising disruption in peer-to-peer (P2P) payments, these initiatives were viewed only in the context of consumer payments — at first. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
An unstable stock market has led many small businesses (SMBs) to cut costs and change their hiring plans for the New Year. According to the Associated Press, while consumer spending and the economy are strong, consumers are spending less, which has led to worry for...
