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
In today's rapidly evolving financial technology landscape, staying ahead is a challenge many companies face. However, FIS has consistently demonstrated its ability to not only keep pace but also lead with innovation and reliability. This commitment to excellence is evident as FIS recently
Blockchain technology is ushering in significant enhancements to the safety and accessibility of online operations. Originally introduced in connection with cryptocurrencies like Bitcoin, blockchain is showing promise far beyond this initial use case. Its decentralized, immutable, and transparent
maIn 2024, the FinTech sector grappled with significant hurdles, particularly in prominent markets like the United States. Traditional financial institutions and dominant players, such as PayPal, overshadowed startups, limiting their growth opportunities. Meanwhile, emerging markets, including the
In an exciting development for the financial technology sector, Peach Finance and Square have announced a collaboration that is set to revolutionize credit card programs. This partnership leverages Peach Finance’s cutting-edge technology to bolster Square’s innovative credit card offerings. Peach Fi
Michael Lewellen, a Texas-based cryptocurrency developer, has initiated a significant legal battle against U.S. Attorney General Merrick Garland. Filed on January 16, 2025, the lawsuit seeks a legal ruling to declare Lewellen's non-custodial software, Pharos, lawful and to protect him from
The future of bank-fintech partnerships is poised for significant regulatory scrutiny, especially as we approach 2025. The collapse of Synapse in 2024 has brought to light the inherent risks these collaborations carry, emphasizing the need for robust risk management and transparency. Over the past
