Tagged: financial services

November 12, 2025 @ 8:08 am By Omar Faridi  |  

Lloyds Banking Group will launch the UK’s first large-scale, multi-feature AI-powered financial assistant, set to transform the way over 21 million customers manage their money through the mobile app. This launch is a key milestone in Lloyds Banking Group’s journey to embed AI as a… Read More

November 10, 2025 @ 2:26 am By Omar Faridi  |  

The BIS Committee on Payments and Market Infrastructures (CPMI) as well as the International Organization of Securities Commissions (IOSCO) have recently released an updated implementation monitoring report on general business risks along with a consultative report on financial market infrastructures‘ (FMIs) management of “general business… Read More

November 4, 2025 @ 8:12 am By Omar Faridi  |  

Over 28 million UK adults are now said to be turning to artificial intelligence to help manage their money – making personal finance the country’s number one use of AI. Lloyds Banking Group’s Consumer Digital Index is the UK’s study of digital and financial capability…. Read More

October 21, 2025 @ 9:15 am By Omar Faridi  |  

Nearly half of financial services professionals (49%) are reporting a significant increase in Gen Z workers leaving their organisation during the last 12 months, according to KPMG’s UK Financial Services Sentiment Survey. Retention challenges are said to have been felt most “prominently” in the banking… Read More

October 6, 2025 @ 12:53 am By Omar Faridi  |  

Senior executives across the banking and finance sector are reporting a renewed sense of “optimism” or generally positive sentiment in the economic environment for the upcoming year, even though there is a growing belief that increased market uncertainty will be a long-term factor or theme,… Read More

October 5, 2025 @ 11:48 am By Omar Faridi  |  

The Malta Financial Services Authority issued Dear CEO Letter directing Boards and senior management to embed business resilience as a strategic priority. The findings of a recent Thematic Exercise carried out by the MFSA on Business Resilience revealed a number of gaps that would need attention. The… Read More

September 30, 2025 @ 3:58 pm By Omar Faridi  |  

Citi (NYSE: C) announced its plans for an industry-first integration of Citi Token Services, a blockchain-based platform, with its 24/7 USD Clearing solution to create “a 24/7, multibank cross-border instant payments capability for Citi’s institutional clients in the UK and US.” This move expands Citi’s… Read More

September 30, 2025 @ 8:06 am By Omar Faridi  |  

Stripe has announced that it is helping OpenAI launch a commerce experience called Instant Checkout in ChatGPT. ChatGPT users in the US can buy goods from US-based Etsy businesses—and, coming soon, “over a million Shopify merchants, like Glossier, Vuori, Spanx, and SKIMS—directly in the chat.”… Read More

September 27, 2025 @ 1:05 am By Omar Faridi  |  

In the ecosystem of environmental, social, and governance (ESG) priorities, European financial services firms are signaling a commitment to sustainability through strategic boardroom changes, even as global debates continue. This, according to insights from EY. Meanwhile, a stark gap in corporate reporting on nature-related impacts… Read More

September 21, 2025 @ 8:12 pm By Omar Faridi  |  

The New York State Department of Financial Services (NYDFS) has issued guidance urging financial institutions exploring cryptocurrency-related activities to integrate blockchain analytics tools into their operations. This recommendation, aimed at enhancing risk management and regulatory compliance, reflects the growing intersection of traditional finance and the… Read More

September 14, 2025 @ 5:14 pm By Omar Faridi  |  

Betterment Advisor Solutions, a self-described all-in-one custodian for modern RIAs, announced a new partnership with Vanilla, the estate planning solution for advisors. Through this partnership, advisors who custody assets with Betterment Advisor Solutions will have “access to the Vanilla platform in addition to educational opportunities… Read More

September 11, 2025 @ 11:40 pm By Omar Faridi  |  

Aven, a fintech aiming to improve credit access for homeowners, has reportedly raised $110 million in a Series E funding round, valuing the company at $2.2 billion. This investment seemingly underscores the confidence in Aven’s approach, which leverages home equity to offer credit cards with… Read More

September 11, 2025 @ 5:39 pm By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced it extended a $150 million senior secured revolving credit facility to Activehours, Inc. d/b/a EarnIn, an earnings management company. The facility, structured by Cross River’s Principal Finance Group (PFG), delivers scalable, cost-effective… Read More

September 9, 2025 @ 6:02 pm By Omar Faridi  |  

Betterment Advisor Solutions (BAS), the custodial platform for independent Registered Investment Advisors (RIAs), is making significant strides in reshaping the financial advisory industry. Through a combination of digital technology, product offerings, and strategic acquisitions, Betterment is enabling modern advisors to meet the evolving needs of… Read More

September 7, 2025 @ 3:44 pm By Omar Faridi  |  

Citi Wealth, part of Citigroup (NYSE: C), has announced a partnership with BlackRock (NYSE: BLK) to launch Citi Portfolio Solutions powered by BlackRock, a customized portfolio offering designed to elevate the investment experience for its global clientele. Unveiled this month, this collab reportedly combines Citi’s… Read More

September 3, 2025 @ 11:31 am By Omar Faridi  |  

Despite a turbulent first half of 2025 marked by market volatility and economic uncertainty, affluent U.S. investors remain largely optimistic about their financial portfolios, with eight in ten expressing satisfaction with their performance. According to the FTSE Russell 2025 Wealth Pulse Survey, conducted by the… Read More

August 17, 2025 @ 2:11 pm By Omar Faridi  |  

In an evolving digital economy, Citigroup’s report, Citi Institute Executive Report: The Impact of X on the Future of Finance, offers a comprehensive exploration of how the social media platform X is reshaping the financial services industry. Released by the Citi Institute, the report delves… Read More

August 15, 2025 @ 3:12 pm By Omar Faridi  |  

On August 14, 2025, Miami International Holdings (NYSE:MIAX), the parent company of the MIAX exchange group, floated its shares on the New York Stock Exchange (NYSE). The company, now valued at approximately $2.5 billion, saw its shares rise from its offering price of $23/share to… Read More

August 8, 2025 @ 9:13 am By Omar Faridi  |  

This past year, the Malta Financial Services Authority (MFSA) demonstrated its commitment to maintaining a transparent financial services sector through a significant increase in enforcement actions and the release of a position paper on the tokenisation of Collective Investment Schemes (CIS). These developments underscore Malta’s… Read More

August 7, 2025 @ 1:31 am By Omar Faridi  |  

Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in Snorkel AI to help enterprises build and scale AI solutions more quickly by curating high-quality datasets for training and evaluating AI models. Designed for the era of agentic AI, Snorkel’s platform “uses automation… Read More