Business

Nov 4, 2024

Oracle Unveils AI-Powered Case Management Solution to Enhance Bank Security

In a significant advancement for the financial services sector, Oracle has launched an innovative AI-powered case management solution designed to help banks proactively combat fraud and other illicit activities. This new offering aims to streamline the identification and management of suspicious cases, enabling financial institutions to stay ahead of bad actors in an increasingly complex regulatory environment.

Business

Nov 4, 2024

Saxo Bank Unveils New Investment Platform Amid Growing UK Investor Base

Saxo Bank has announced the launch of a state-of-the-art investment platform aimed at catering to the increasing number of investors in the United Kingdom. This strategic move comes as part of Saxo's commitment to providing innovative trading solutions and enhancing the investment experience for both novice and experienced traders.

Business

Nov 4, 2024

Bank of Canada Puts Central Bank Digital Currency (CBDC) Plans on Hold

In a notable development within the realm of digital currencies, the Bank of Canada has decided to pause its efforts toward the implementation of a Central Bank Digital Currency (CBDC). This decision reflects a cautious approach as the institution evaluates the evolving economic landscape and the implications of a digital currency for the Canadian financial system.

Business

Nov 4, 2024

Standard Chartered Secures Approval to Launch Digital Asset Custody Service in DIFC

In a significant milestone for the financial services industry, Standard Chartered has received regulatory approval to establish a digital asset custody service within the Dubai International Financial Centre (DIFC). This development marks a pivotal step in the bank’s commitment to advancing its capabilities in the rapidly evolving realm of digital assets, offering clients secure and innovative solutions for managing their investments.

Business

Nov 4, 2024

Engaging Generation Z: A Call for the Financial Services Industry to Cultivate Loyalty

As Generation Z begins to enter the workforce and exert their purchasing power, the financial services industry faces a crucial challenge: how to effectively engage and retain this unique demographic. According to insights from ZBD, a leading consultancy in consumer behavior, financial institutions must adapt their strategies to meet the distinct preferences and values of Gen Z to foster loyalty and sustained engagement.

Business

Nov 4, 2024

Accelerating FinTech in Africa: Insights from Hasan Kazmi of Visa

In recent years, Africa has emerged as a dynamic landscape for financial technology (FinTech) innovation. With its unique challenges and opportunities, the continent is witnessing a rapid transformation in how financial services are delivered. To delve deeper into this evolution, we spoke with Hasan Kazmi, Vice President of Visa for the East and Southern Africa region. His insights highlight the potential for growth and the collaborative efforts required to drive FinTech forward in Africa.