June 24, 2024 In a recent report by Citigroup, the global investment firm has projected that artificial intelligence (AI) could lead to the displacement of more than 50% of jobs in the banking industry. This revelation highlights the more...
June 3, 2024 A technical glitch at the New York Stock Exchange (NYSE) today caused several high-profile stocks to rapidly lose value before being halted from trading. The issue involved "LULD Bands," or limit up/limit down rules, designed more...
April 30, 2024 Many consumers believe that changing their credit card can end unwanted recurring charges from streaming services. However, a lesser-known banking system, ensures these charges continue seamlessly. This system allows subscription services to automatically update payment more...
April 14, 2024 The journey to harness Artificial Intelligence (AI) within the U.S. banking sector is proving to be a formidable challenge, despite high stakes and substantial investments by leading institutions. As banks strive to transform AI promises more...
January 15, 2024 The International Monetary Fund (IMF) has issued a stark warning: nearly 40% of global employment could be disrupted by the rise of artificial intelligence (AI). This emerging trend has the potential to exacerbate inequality, IMF more...
April 25, 2023 To accommodate the expanding number of cashless companies, reverse ATMs that dispense stored-value cards in exchange for cash are being installed in a variety of locations such as amusement parks, casinos, and sports stadiums. Reverse more...
April 25, 2023 Melio, a B2B payments firm, has teamed with Shopify to provide a new bill payment solution. This service will allow merchants in the United States to manage their vendors and costs on Shopify's platform. According more...
March 28, 2023 The federal government’s proposed budget includes over $61 million for fighting foreign interference, threats, and covert activities, although it isn’t clear how much of the effort will combat online activity. Announced Tuesday, the proposed budget more...
February 21, 2023 A U.S.-based data aggregator that allows consumers to connect their accounts with a variety of financial institutions through one app has now added its identity verification service for Canadian organizations. Last week, Plaid Financial began more...
August 10, 2022 Companies are opting for a lower valuation to attract fresh funds as the U.S. IPO market ground to a halt with only eight companies managing a successful flotation this year. Driven by an inflationary and more...
