PYMNTS-MonitorEdge-May-2024

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

Brexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses
Brexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses
March 13, 2018  |  B2B Payments

New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions of dollars. According...

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Britain, EU Spar Over Rejected FinServ Trade Offer
Britain, EU Spar Over Rejected FinServ Trade Offer
March 08, 2018  |  B2B Payments

Britain and the European Union continue to remain deadlocked in their efforts to negotiate a trade deal with financial services agreements included, according to Reuters...

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Lack Of Customer Trust May Thwart Open Banking’s $1.4B GDP Bump
Lack Of Customer Trust May Thwart Open Banking’s $1.4B GDP Bump
February 27, 2018  |  B2B Payments

The U.K.’s gross domestic product (GDP) is headed for a significant boost thanks to recent Open Banking legislation, according to analysis from the Centre for...

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Regulators In No Rush To Change Rules For FinTechs
Regulators In No Rush To Change Rules For FinTechs
February 20, 2018  |  Banking

It doesn’t look like global banking regulators will be rushing to change their rules for FinTechs anytime soon. According to Reuters, traditional banks will feel...

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Amid Job Gains, Canada’s FinServ Sector Sees Drop In Headcount
Amid Job Gains, Canada’s FinServ Sector Sees Drop In Headcount
February 16, 2018  |  B2B Payments

Canadian companies added 10,700 new jobs in January, according to new data from ADP, but not every industry benefited from the boost. Data released in...

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Cryptos And Sandboxes And Streamlined Money Licensing (Oh My!)
Cryptos And Sandboxes And Streamlined Money Licensing (Oh My!)
February 15, 2018  |  News

Streamlined money transfer applications dominated regulatory news this past week as seven states took the initiative to make it easier for traditional FIs and fintechs...

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Cybercrimes Cost Financial Service Firms $18M, On Average
Cybercrimes Cost Financial Service Firms $18M, On Average
February 14, 2018  |  Fraud Attack

Financial services firms, above any other industry, rack up the most in damages following a cyberattack, a new report from Accenture and Ponemon Institute found....

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UK Banks’ Brexit Game Plan: Denied, With No Plan B
UK Banks’ Brexit Game Plan: Denied, With No Plan B
February 01, 2018  |  B2B Payments

The financial services community is one of the most anxious when it comes to navigating the uncertainties of Brexit. U.K. financial institutions are scrambling to...

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The Wild Ride In Alternative Financing In 2017
The Wild Ride In Alternative Financing In 2017
December 26, 2017  |  Alternative Finances

A decade ago, the world of financial services saw what was perhaps its greatest sea change in a generation — in 2007, two separate, unconnected...

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