Finance Sector news and trends

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

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 report from Reuters on Sunday (Dec 22). The same framework should be in place to improve technology used by regulators...

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

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 from the European Union is the main factor for new financial services jobs falling to 3,150 from 4,980 in December...

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

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 of Brexit is not likely to be as bad as previously thought. Researchers estimate that 10,000 finance sector jobs will...

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

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 role in the innovation of the industry. But trade finance is the target for massive disruption thanks to technologies like...

Quick Reads
Financial Sector Job Cuts in January Highest Since September 2018

February 01, 2024
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 of the year, global outplacement and business and executive coaching firm Challenger, Gray & Christmas said in a Thursday (Feb. 1) press release. This happened during a month in which U.S.-based employers, in […]

Chinese Finance Group Calls For AI Regulation In Ecosystem

December 23, 2019
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 report from Reuters on Sunday...

Brexit Effect Reduces 37 Percent Of Financial Jobs In London

January 12, 2018
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 from the European Union is...