Finance Sector

Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
Banking as a Service Faces ‘Slowdown’ as FIs Wait for Regulatory Clarity
June 21, 2024  |  Bank Regulation

For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving...

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Financial Sector Job Cuts in January Highest Since September 2018
Financial Sector Job Cuts in January Highest Since September 2018
February 01, 2024  |  Economy

Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month...

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Chinese Finance Group Calls For AI Regulation In Ecosystem
Chinese Finance Group Calls For AI Regulation In Ecosystem
December 23, 2019  |  Artificial Intelligence

Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a...

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Brexit Effect Reduces 37 Percent Of Financial Jobs In London
Brexit Effect Reduces 37 Percent Of Financial Jobs In London
January 12, 2018  |  Brexit

Brexit is being blamed for a 37 percent drop in new financial sector jobs available in London last month. According to Reuters, Britain’s upcoming exit...

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Finserv Exodus Won’t Be As Bad As Initially Thought, Says Reuters
Finserv Exodus Won’t Be As Bad As Initially Thought, Says Reuters
September 19, 2017  |  B2B Payments

A new survey released by Reuters on Monday (Sept. 18) suggests the outflow of finance sector professionals from the U.K. economy as a direct result...

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Trade Finance Endures, And Overcomes, Banks’ Slow-Moving Innovation
Trade Finance Endures, And Overcomes, Banks’ Slow-Moving Innovation
September 07, 2017  |  B2B Payments

A few years ago, Sameer Sehgal, the new CEO of trade finance firm Traydstream, said he probably wouldn’t have agreed that banks are playing a...

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