In a noteworthy development for the reinsurance landscape, AM Best recently affirmed the Credit Ratings for Ocean International Reinsurance Company Limited (Ocean Re). This affirmation maintained Ocean Re’s Financial Strength Rating at A- (Excellent) and its Long-Term Issuer Credit Rating at &
In today's fast-paced world, financial stability can often seem elusive, especially for those battling poor credit scores. Traditional financial institutions tend to impose stringent eligibility criteria, effectively shutting the door on individuals who lack pristine credit histories. This can
The Canadian Investment Regulatory Organization (CIRO) is responding to the growing interest from investment dealers in taking part in the federal government’s forthcoming open banking initiative. This initiative aims to improve innovation within the banking sector by enabling bank customers to s
Google Wallet isn't just Android's mobile payments platform. It's meant to be a full-on digital wallet, storing not only your payment methods but also documents like travel and event tickets, and even, in some cases, your identification. In 2023, beginning with Maryland, Google
An ambitious proposal put forth by the national trade association ABCUL aims to significantly reshape the credit union common bond framework, emphasizing the importance of targeted modifications to sustain and expand the credit union sector in the UK. Recent trends highlight a decline in the number
fiIndependent financial advisors face a myriad of challenges in their daily operations. From managing compliance and client relations to delivering advanced investment solutions, the workload can be overwhelming. Leveraging a Turnkey Asset Management Platform (TAMP) can significantly streamline
The landscape of credit assessment in the United States is undergoing a significant transformation. Traditional credit scoring models, which have long relied on past credit usage, are being supplemented with alternative credit data to provide a more comprehensive and fair evaluation of consumer
Sri Lanka faces a challenging situation as it strives to avoid being placed on the Financial Action Task Force (FATF) grey list, a designation indicating a high risk of money laundering and terrorist financing activities. The urgency of the matter was underscored in a high-stakes meeting involving
As Bitcoin's value climbs toward an unprecedented $100,000, the world watches closely, with many countries reexamining its potential role in their economic frameworks. Amidst this global interest, Japan remains notably cautious about adopting Bitcoin as part of its foreign reserves,
The financial landscape is undergoing a significant transformation as open banking and cashless payments emerge as the driving forces behind future fintech developments. Open banking, an innovative system that allows consumers to share their financial data securely with third-party providers via
