As I write, the cryptocurrency market is in a bit of a downturn. But, the prospects of a crypto bear market haven’t necessarily deterred interest in stablecoins. Stablecoins are a type of cryptocurrency designed to minimize price volatility by linking their value to a stable asset, such as a fiat currency (like USD) or a commodity (like gold). Compared to …
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Artificial intelligence is redefining virtually every industry. Wealth management is no exception. Traditionally governed by large institutions and resource-heavy operations, wealth management is undergoing a dramatic transformation thanks to AI. Startups and small teams are now able to leverage cutting-edge technology to perform tasks that once required armies of analysts and advisors. AI-powered wealth management encompasses all use of artificial …
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Artificial Intelligence (AI) is revolutionizing many industries, and finance is no exception. From expediting loan approvals to enhancing fraud detection, AI is transforming how financial institutions operate. The potential of AI in finance is immense: Greater Efficiency: Automation leads to faster financial processing and reduced operational costs. Improved Decision-Making: By analyzing vast amounts of data, AI offers actionable insights that …
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In 2024, the payments industry witnessed quite a whirlwind. Record-breaking travel and retail sales sums, the highest volume of ransomware attacks ever seen, and more. As we sail into 2025, it’s time to assess the trends and developments that will shape the payments landscape and outline what businesses need to do to stay ahead. The FTC’s “Click to Cancel” Rule …
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For the past year, the financial landscape has revolved around two influential technologies: open banking and genAI. Open Banking has been a hot topic due to the evolving discussions triggered by the Consumer Financial Protection Bureau’s introduction of Rule 1033, which focuses on the ownership and control of customers and their data. Gen AI has been the other driving force, …
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Open banking is a growing trend in the financial industry, which I’ve discussed a few times before here. The idea is to promote data sharing between banks and third-party providers. And, a new ruling from the Consumer Financial Protection Bureau (CFPB) has significant implications on this front. The CFPB recently released their final ruling on Section 1033 of the Dodd-Frank …
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Rapid advancements in AI are bringing new opportunities to the fintech space… as well as a lot of uncertainty. As we move into 2025, we’re seeing a total reshaping of how financial services are delivered. We’re seeing innovative solutions and the disruption of traditional practices. However, the wave of change also creates a landscape where businesses face constant challenges in …
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The 2024 holiday shopping bonanza broke all records. We saw consumers worldwide spend $1.2 trillion online, as revealed in a Salesforce report on Monday. $282 billion of that total came from the United States alone. However, with this surge in holiday sales, merchants should also expect a correlating increase in product returns and disputed transactions, indicating a tough Q1 2025 …
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Businesses require a broad fraud prevention strategy. This means being proactive about reducing threats and protecting their income. Traditionally, North America and Europe have been prime targets for eCommerce fraud, but it’s rapidly expanding in other regions, too. The recently released Identity Fraud Report 2024 from Sumsub, for example, reveals a rapid increase in fraud in the Asia-Pacific (APAC) region, …
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As we transition from Black Friday and Cyber Monday into the heart of the holiday shopping season, it’s important to balance our festive enthusiasm with a measure of caution. While most of us are focused on finding the perfect gifts and enjoying the season, it’s also a time when scammers are particularly active, seeking to exploit the holiday rush. Nobody …
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