For the banking as a service (BaaS) firms, the Synapse bankruptcy, the cease-and-desist order against Evolve, and the wait for regulatory clarity are all proving to be headwinds for the burgeoning business model. This week, BaaS embedded finance company Unit, which serves tech companies, banks and...
Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month of the year, global outplacement and business and executive coaching firm Challenger, Gray & Christmas said in a Thursday (Feb. 1) press release....
Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday (Dec 22). The same framework should be in place to improve technology used by regulators...
Brexit is being blamed for a 37 percent drop in new financial sector jobs available in London last month. According to Reuters, Britain’s upcoming exit from the European Union is the main factor for new financial services jobs falling to 3,150 from 4,980 in December...
June 26, 2024
The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said Tuesday (June 24). The benefits of AI for the sector include improvements for lending and payments, while the risks include more sophisticated cyberattacks, the BIS said in a Monday press release. […]
February 01, 2024
Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month of the year, global outplacement...
December 23, 2019
Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday...
January 12, 2018
Brexit is being blamed for a 37 percent drop in new financial sector jobs available in London last month. According to Reuters, Britain’s upcoming exit from the European Union is...
