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Banks Must Seize Control of Their Dangerous Data Silos
Remaining compliant in today’s financial services industries requires a comprehensive surveillance function. Every call, message and communication between employees, customers and trading partners must be captured, stored and monitored to illustrate compliance. As regulatory requirements have become more demanding, many banks have sought to plug gaps in their coverage by......
Filecoin Virtual Machine Launches to Revolutionize Decentralized Compute and Unlock the Potential of Open Data Economy
New Layer 1 Smart Contract Capabilities to Bring User Programmability to Filecoin Filecoin Virtual Machine (FVM), an execution environment for smart contracts on the Filecoin network, is now live on the Filecoin mainnet. The FVM launch adds smart contracts and user programmability to the Filecoin blockchain, unlocking the enormous potential of an......
70% of European Banks And Fintechs Will Invest In Financial Technology Over The Next 18 Months Despite The Downturn
The multi-award-winning fintech PR and marketing firm CCgroup released the results of its study on “How to influence fintech buyers,” which was based on a poll of significant banks and fintechs in five European markets. According to the study, 70% of European financial institutions anticipate raising their financial technology investments......
In 2023, The Digital Economy Mantra Has Done A Complete Reversal
I’m going to discuss seven trends this year that give innovators and company leaders in the payments industry a strategic framework for success. 1. Real-world issues drive payment innovation to return to the fundamentals. In 2022, 348 web3 startups received funding totaling $7.5 billion, an increase of $4.5 billion from......
GoLogiq’s GammaRey Merger Paves Way for Two Potential Major FinTech Acquisitions with Aggregate Assets Under Management Exceeding $10 Billion
GoLogiq, Inc., a U.S.-based global provider of fintech and consumer data analytics, reports that its recently completed merger with GammaRey has enabled the company to now pursue two major fintech acquisition targets. The targets collectively have more than $10 billion in assets under management that are managed by more than 200......
Reseda Group Invests $8 Millon in Cutting-Edge Fintech Companies
Reseda Group, a wholly owned credit union service organization of MSU Federal Credit Union (MSUFCU), announced $8 million in investments to support and grow several emerging fintech companies. The investments are spread across the four companies — Nymbus, Flow Networks, Prizeout, and Larky — and are part of Reseda Group’s efforts to bring innovative technology and solutions to......
The CFPB Finds Illegal Junk Fees On Bank Accounts, Mortgages, Student Loans, And Auto Loans.
A special edition of Supervisory Highlights, published by the Consumer Financial Protection Bureau (CFPB) today, details illegal trash fees discovered in deposit accounts and across a variety of loan servicing sectors, including mortgage, student loan, and payday lending. Even for consumers who are financially knowledgeable, it can be difficult to......
DCMcoin Becomes Top-Five Platform for Financial Derivatives in the World
The recovery of the global economy constantly enriches the variety of financial trading markets. It advances the development of science and technology, during which more and more digital financial trading platforms are springing up. Among so many financial trading platforms, DCMcoin cryptocurrency exchange, due to its advanced blockchain technology and......
CFPB And NLRB Launch Information Sharing Agreement To Safeguard American Consumers And Workers From Unlawful Practices
In order to better protect American families and address practises that hurt workers in the “gig economy” and other labour markets, the Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB) signed an information sharing agreement today. This formalised their partnership. Employer monitoring and debt created by......