PYMNTS-MonitorEdge-May-2024

Finance

Finance is a field that is concerned with the allocation (investment) of assets and liabilities over space and time, often under conditions of risk or uncertainty.

Source: en.wikipedia.org

Goldman and BNY Mellon Join Multi-Lender Blockchain Project
Goldman and BNY Mellon Join Multi-Lender Blockchain Project
March 12, 2024  |  Blockchain

Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of...

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PSCU/Co-op Solutions Study Adds New Urgency to Credit Union Innovation
PSCU/Co-op Solutions Study Adds New Urgency to Credit Union Innovation
March 11, 2024  |  Credit Unions

Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds...

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New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
February 26, 2024  |  Fraud Prevention

Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so...

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Study: Investments in Payments Innovation Reduce Credit Union Member Churn by 57%
Study: Investments in Payments Innovation Reduce Credit Union Member Churn by 57%
January 30, 2024  |  Credit Unions

Credit unions (CUs) provide financial services to a community of members often connected by location, work or education. Although many CUs might not have the...

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Addressing the Complexities and Risks of AI in Finance
Addressing the Complexities and Risks of AI in Finance
January 11, 2024  |  Artificial Intelligence

A recent EY survey of 1,200 global CEOs reveals that while executives are investing in AI strategies, they face significant challenges in both formulating and...

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Emerging Challenges of Generative AI in Finance
Emerging Challenges of Generative AI in Finance
January 10, 2024  |  Artificial Intelligence

The financial services sector has long served as the proving ground for the application of emerging technologies. The current era of disruption is no exception...

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Misinformation Fears Surge as Increasing Gen AI Use in Finance Amplifies Risks
Misinformation Fears Surge as Increasing Gen AI Use in Finance Amplifies Risks
January 05, 2024  |  Artificial Intelligence

Generative artificial intelligence (AI) is continuing to evolve. From predictive algorithms to personalized recommendations, AI has woven itself into the fabric of consumers’ daily lives,...

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83% of Bank Execs Eye GenAI With Hope and Hesitation
83% of Bank Execs Eye GenAI With Hope and Hesitation
January 05, 2024  |  Artificial Intelligence

The financial services sector has long been a proving ground for emerging technologies. The current era of disruption is no exception to this history. GenAI...

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DLT’s Role in Traditional Finance May Scale With Tokenized Loans
DLT’s Role in Traditional Finance May Scale With Tokenized Loans
December 15, 2023  |  Blockchain

Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating...

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