As the deadline for the Consumer Financial Protection Bureau's open banking rule draws nearer, set for conclusion in the forthcoming fall season, U.S. banks are facing a transformative challenge. The regulation requires financial institutions to enable customers to share their financial data with
Standard Chartered Bank is making significant strides in the fintech sector with the launch of its Open Banking Marketplace. This innovative platform represents a major step in the digital banking evolution, offering businesses a robust arena to explore, test, and implement various Application
The finance sector is being revolutionized by the incorporation of Artificial Intelligence in wealth management. This not only improves operational efficiency but also significantly upgrades client services. Despite the potential benefits, wealth managers must approach this evolution carefully,
In today’s rapid-fire digital transaction environment, the battle against fraud is more critical than ever. Outdated fraud prevention tools struggle against sophisticated modern scams, necessitating more advanced solutions. Generative AI emerges as a key ally in this struggle, offering innovative
The banking world is witnessing a revolution with Standard Chartered's strategic spinoff of Audax, an avant-garde technology solutions provider now poised to independently spearhead the transformation of the Banking as a Service (BaaS) sector. This strategic separation indicates Standard
The automotive industry is embracing a transformative approach by integrating insurance at the point of car purchase, a concept called embedded insurance. Leading this shift, brands like Ford, Jaguar Land Rover, and Tesla are incorporating tailored insurance solutions within the car buying journey,
