financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies.

Source: en.wikipedia.org

The Black Box: When AI Calls Shots We Can’t Explain
The Black Box: When AI Calls Shots We Can’t Explain
August 26, 2024  |  artificial intelligence

Artificial intelligence (AI) is making life-altering decisions that even its creators struggle to understand. Black box AI refers to systems that produce outputs or decisions...

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Zomato to Acquire Paytm’s Entertainment Ticketing Business
Zomato to Acquire Paytm’s Entertainment Ticketing Business
August 21, 2024  |  Acquisitions

Indian food delivery and quick commerce company Zomato intends to expand its efforts in the business of helping Indian consumers discover and purchase tickets for...

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Compliance Remains a Constant for Bank-FinTech Partnerships
Compliance Remains a Constant for Bank-FinTech Partnerships
August 19, 2024  |  Bank Regulation

Rapid innovation cycles can often outpace the ability of risk management frameworks to adapt. This is being made evident across the banking-as-a-service (BaaS) landscape, where...

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As Klarna Eyes Banking, BNPL Becomes Onramp to NextGen Neobank
As Klarna Eyes Banking, BNPL Becomes Onramp to NextGen Neobank
August 19, 2024  |  BNPL

For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps,...

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Setpoint Raises $31 Million to Shore Up Credit Infrastructure
Setpoint Raises $31 Million to Shore Up Credit Infrastructure
August 14, 2024  |  Investments

Credit infrastructure provider Setpoint has raised $31 million in a Series B round. The funding round, led by 645 Ventures, will help fuel research and...

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DBS and Ant International Test Blockchain-Powered Treasury Management Solution
DBS and Ant International Test Blockchain-Powered Treasury Management Solution
August 13, 2024  |  Blockchain

DBS and Ant International have launched a pilot of a blockchain-powered treasury and liquidity management solution designed to enable Ant International to reduce the settlement...

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Credit Unions vs Big Tech: Winner Gets the Customer
Credit Unions vs Big Tech: Winner Gets the Customer
August 13, 2024  |  Banking

For banks — and especially for credit unions — the battle with Big Tech for the hearts, minds and wallet share of consumers may seem...

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CFPB Wants to Set the Rules for How Banks Use AI
CFPB Wants to Set the Rules for How Banks Use AI
August 13, 2024  |  artificial intelligence

The Consumer Financial Protection Bureau (CFPB) has staked out a clear position on using artificial intelligence (AI) in financial services: There are no exceptions to...

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Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
August 07, 2024  |  Bank Regulation

The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on...

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