Financial services

In its 2nd year, OFBank now provides financial services to Filipinos in 119 countries – Manila Bulletin

Cultivating financial literacy among women is one of OFBank’s driving goals, as evidenced by their pop-up booths during Quezon City Women’s Month. Overseas Filipino Bank (OFBank) marks its second landmark year by showing that digital banking and investments are securely and conveniently accessible to all Filipinos, regardless of location, whether they are based in the […]

Financial services

HARTFORD FINANCIAL SERVICES GROUP, INC. : Change of Directors or Principal Officers, Financial Statements and Schedules (Form 8-K)

Article 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain leaders; Compensatory provisions of certain executives. On August 15, 2022the board of directors (the “Board”) of Hartford Financial Services Group, Inc. (the “Company”) elected Edmond Reese as a director of the Board from October 17, 2022. Mr. Reese was appointed to […]

Financial services

John Durrant, an expert in the financial services industry for 25 years, is appointed President of FIS Banking Solutions Group

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (“ESGG” or the “Company”), Canada’s largest free-to-play mobile games group, announces that it has entered into a multi-year partnership with ViacomCBS Consumer Products ( “VCP”) for the global release of a Star Trek: Lower Decks-themed mobile game on iOS and Android. In addition to the stories and […]

Financial services

No-fee financial services can be expensive

It is tempting to use no-cost services paid for by other less financially educated customers. But none of us are completely safe from being fooled TopicsPersonal finance | Financial planning Diversification and minimization of investment costs are the two most important rules of investing. For example, low-fee passive index funds, such as […]

Financial services

Prospera Financial Services Inc. Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Prospera Financial Services Inc. reduced its holdings of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) stock by 9.8% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 7,475 shares of the e-commerce giant after selling 810 shares during the quarter. Amazon.com accounts for approximately 1.0% of […]

Financial services

Amazon.com, Inc. (NASDAQ: AMZN) is the 3rd largest position of Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its holdings of Amazon.com, Inc. (NASDAQ: AMZN – Get Rating) stock by 55.9% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission . The fund held 6,465 shares of the e-commerce giant after buying 2,319 additional shares during the quarter. Amazon.com represents […]

Financial services

BK Arena prepaid card gives unbanked youth access to financial services | The new times

Bank of Kigali has unveiled a new flagship product, called BK Arena Prepaid Card, which would allow anyone, including unbanked youth, to have a visa card for digital payments without owning a bank account. The BK Arena prepaid card is part of the Bank’s grand strategy to aggressively reach young people. Anyone with the card […]

Financial services

State Street to Attend Barclays Global Financial Services Conference –

BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE:STT) today announced that its President and Chief Investment Officer, Lou Maiuri, and Vice President and Chief Financial Officer, Eric Aboaf, will participate in the Barclays Global Financial Services Conference in New York on Monday, September 12, 2022 at 9:00 a.m. ET. A webcast of the event will be available on […]

Financial services

Banking and financial services of a non-bank company?

Embedded finance platforms benefit businesses and change the financial sector By Philippe Buschman, CEO and Co-Founder, AAZZUR According to integrated finance expert Simon Torrace, brands and businesses today “are looking to add more functionality and value to their customers, and financial services are a very attractive part of that. It’s a way for all kinds […]

Financial services

Prospera Financial Services Inc invests $43,000 in Baozun Inc. (NASDAQ: BZUN)

Prospera Financial Services Inc. acquired a new position in shares of Baozun Inc. (NASDAQ: BZUN – Get Rating) in Q1, according to its most recent SEC filing. The institutional investor acquired 5,063 shares of the tech company, valued at around $43,000. Several other institutional investors and hedge funds also changed their positions in BZUN. CWM […]

Financial services

Consumers have lost confidence in financial services

Financial services industry ‘lost Joe Bloggs consumer trust’, says KiwiSaver boss as FSC releases investor study Wednesday, August 10, 2022, 8:10 a.m. by Jenni McManus On the heels of the FMA’s 130-page report on consumer attitudes towards the financial services industry, the Financial Services Council (FSC) yesterday released a survey of New Zealanders’ views and […]

Financial services

Prospera Financial Services Inc. Reduces Its Stake in Saber Co. (NASDAQ:SABR)

Prospera Financial Services Inc reduced its position in shares of Saber Co. (NASDAQ: SABR – Get Rating) by 60.5% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 4,863 shares of the IT services provider after selling 7,437 shares during the quarter. Prospera Financial […]

Financial services

Harel Insurance Investments & Financial Services Ltd. cuts its holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Harel Insurance Investments & Financial Services Ltd. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 33.3% during the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 30,022 shares of the e-commerce giant after selling 15,013 shares during the quarter. Amazon.com accounts for […]

Financial services

Lead Financial Services announces standalone net loss of Rs 0.03 crore in June quarter 2022

Sales reported at Rs 0.01 crore Lead financial services net loss was reported at Rs 0.03 crore in the quarter ended June 2022, compared to a net loss of Rs 0.03 crore in the previous quarter ended June 2021. Sales remain constant at Rs 0.01 crore during the quarter ended June 2022 […]

Financial services

Prospera Financial Services Inc completes new $104,000 investment in Akamai Technologies, Inc. (NASDAQ: AKAM)

Prospera Financial Services Inc. bought a new position in Akamai Technologies, Inc. (NASDAQ: AKAM – Get Rating) in Q1, according to its most recent disclosure to the Securities & Exchange Commission. The fund bought 870 shares of the technology infrastructure company, valued at around $104,000. Several other large investors also bought and sold shares of […]

Financial services

Consolidated net profit of Edelweiss Financial Services increases by 45.83% in the quarter of June 2022

Sales fell by 27.18% to Rs 1183.72 crore Net profit of Edelweiss Financial Services increased by 45.83% to Rs 26.38 crore in the quarter ended June 2022 from Rs 18.09 crore in the previous quarter ended June 2021. Sales declined by 27.18% to Rs 1183.72 crore during the quarter ended June 2022 […]

Financial services

2022-08-04 | NYSE:DFS | Press release

Radnor, Pa.–(Newsfile Corp. – Aug. 4, 2022) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of federal securities laws on behalf of investors at Discover Financial Services (NYSE: DFS) (“Discover Financial”). On July 20, 2022, Discover Financial issued a press release announcing its financial results for […]

Financial services

Hejaz Financial Services, GBST provides online calculators

Hejaz Financial Services, a diversified provider of Islamic financial products, has chosen GBST to provide a suite of nine online calculators. The suite will be powered by GBST’s Equate technology and supported by Equate’s Content Management Solution (CMS). For GBST Digital, this three-year commitment is its first Islamic banking client. Hejaz has set up calculators […]

Financial services

Prospera Financial Services Inc holds $282,000 equity position in Sea Limited (NYSE:SE)

Prospera Financial Services Inc reduced its stake in shares of Sea Limited (NYSE:SE – Get Rating) by 76.5% during Q1, according to its latest 13F filing with the SEC. The company held 2,354 shares of the Singapore-based internet company after selling 7,672 shares during the period. Prospera Financial Services Inc’s holdings in SEA were worth […]

Financial services

Financial services committee passes bills to protect consumers

in Daily Dose, Featured, Government, News 2 hours ago 28 Views Today, the House Financial Services Committee, led by Chair Maxine Waters (D-CA), passed eight bills aimed at strengthening oversight of our nation’s affordable housing and addressing housing crises and homelessness, putting consumers in the driving seat to shape their financial future and simplifying bureaucratic […]

Financial services

Florida Governor Ron DeSantis plans to fight ‘woke CEOs’ in financial services like Paypal and others

Florida Governor Ron DeSantis has set his sights on the next horizon in his government’s battle in the so-called culture wars: “woke CEOs.” The Republican governor, seen as a likely candidate for the 2024 presidential election, said during a press conference last week that he plans to take on money transfer giants, such as PayPal, […]

Financial services

Piramal Group paves the way for the growth of its financial services business

With the acquisition of debt-ridden DHFL, the Piramal Group has set a growth trajectory and is targeting a loan disbursement of around Rs 3,500 crore in the third quarter of this financial year. Sharing the growth strategy with shareholders at Friday’s annual general meeting, Piramal Group Chairman Ajay Piramal said the financial services arm […]

Financial services

Belize Registry of Companies and Business Affairs established under the Financial Services Commission

Views : 188 Posted: Saturday, July 30, 2022. 11:43 a.m. CST. By Zoila Palma González: On Friday, July 29, 2022, the Financial Services Commission announced that effective today, pursuant to Section 284 of the Companies Act of Belize (Act No. 11 of 2022), the Companies Registry and Commercial Affairs of Belize (BCCAR) is […]

Financial services

Thorough KYC Checks Boost Financial Services Integrity – TechEconomy.ng

As more and more processes evolve, online cybercrime is on the rise, with online banking processes, and in particular the onboarding of new customers, becoming a common target for criminals looking for weaknesses in the system. . Sameer Kumandan, managing director of SearchWorks, says the rise in financial crime and identity theft means that strong […]

Financial services

How digitalization is transforming financial services – BIAN interview

Hans TesselaarExecutive Director Banking Industry Architecture Network (BIAN)talks about the impact of the digitalization of financial services on the sector, how it can promote financial inclusion while leaving some customers behind. Traditional banks need to adapt and expand their offerings to provide the best customer experience and to compete with new entrants to the industry. […]

Financial services

High demand for selfie biometrics in financial services prompts partnership with Acuant

Demand for selfie biometrics and related integration technologies continues to be strong in financial services, with Acuant signing an agreement to provide its identity verification technology to enterprises, and ComplyCube, Yoti and CyberLink expanding their KYB customer bases and KYC. Acuant has integrated its biometrics and other technologies for seamless digital identity verification with ServiceNow […]

Financial services

IT Delivery Manager (Financial Services)

The objective of the Delivery Manager role is to oversee and manage the planning and delivery of all initiatives for the IT financial services portfolio aligned to a business unit or capability. This role provides the pipeline of project, program and product iteration requests needed to develop and release IT services and features, lead process […]

Financial services

Altafid launches the first marketplace for fiduciary financial services

AUSTIN, Texas–(BUSINESS WIRE)–Altafid, an Austin-based US company that built the first fiduciary financial services marketplace, is expanding overseas to serve global investors by providing a full range of financial products, solutions and expertise. Using a simple and transparent fee structure, the company aims to provide truly comprehensive wealth management services, offering all aspects of personal […]

Financial services

Harel Insurance Investments & Financial Services Ltd. reduced its position in NortonLifeLock Inc. (NASDAQ: NLOK)

Harel Insurance Investments & Financial Services Ltd. cut its holdings of NortonLifeLock Inc. (NASDAQ: NLOK – Get Rating) stock by 48.5% in the first quarter, reports Holdings Channel.com. The institutional investor held 3,394 shares of the company after selling 3,202 shares during the quarter. The holdings of Harel Insurance Investments & Financial Services Ltd. in […]

Financial services

PNC Financial Services Group, I – Consensus indicates 14.0% upside potential

PNC Financial Services Group, I found using the ticker (PNC) now have 19 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 230 and 156, with the average target price standing at 184.23. Together with the stock’s previous close at 161.61, this indicates that there is 14.0% upside […]

Financial services

Consolidated net profit of Nahar Capital & Financial Services declines by 9.00% in the quarter of June 2022

Sales increase by 14.94% to Rs 5.31 crore Net profit of Nahar Capital & Financial Services decreased by 9.00% to Rs 53.07 crore in the quarter ended June 2022 from Rs 58.32 crore in the previous quarter ended June 2021. Sales increased by 14.94% to Rs 5.31 crore in the quarter ended […]

Financial services

Transforming financial services with artificial intelligence

Artificial intelligence (AI) is the technology to watch. IDC projects that spending on AI technologies will reach $97.9 billion in 2023, more than two and a half times the level of spending in 2019. Where is the growth of AI coming from? On my CXO Spice Talk, I spoke with Kevin Levitt, Global […]

Financial services

The Business Case for Cybersecurity Performance Management in Financial Services

According to the Verizon Data Breach Investigation Report (DBIR) 2022, data breaches caused by ransomware increased nearly fivefold, from 5% to over 25%. Additionally, the cost of data breaches has increased dramatically in recent years. In 2021, the cost of a data breach rose to $4.24 million on average, an increase of more than 10% […]

Financial services

A Roadmap for Experience Management Teams

Customers, colleagues and citizens are all increasingly concerned about issues such as single-use plastic, carbon emissions, working conditions and whether an organization practices inclusion. According to PwC, two-thirds of financial institutions prioritize environmental, social and governance (ESG) considerations in their transformation plans. And yet, until now, experience management (XM) teams have only tinkered around the […]

Financial services

PNC Financial Services Group (NYSE:PNC) Sees Strong Volume Increase Following Analyst Upgrade

PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) saw strong trading volume on Tuesday after Morgan Stanley raised its price target on the stock from $168.00 to $180.00. 38,807 shares changed hands during the midday session, down 98% from the previous session’s volume of 1,900,866 shares. The stock last traded at $157.88 and previously […]

Financial services

Third Quarter 2022 EPS Estimates for The PNC Financial Services Group, Inc. Boosted by an Analyst (NYSE:PNC)

The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) – Oppenheimer analysts raised their third quarter 2022 earnings per share (EPS) estimates for The PNC Financial Services Group in a research note released on Monday July 18. Oppenheimer analyst C. Kotowski now expects the financial services provider to earn $3.74 per share for the […]

Financial services

PNC Financial Services Group (NYSE:PNC) Sees Unusually High Trading Volume After Analysts Upgrade

Shares of PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) saw unusually high trading volume on Tuesday after Morgan Stanley raised its price target on the stock from $168.00 to 180.00 $. Approximately 38,807 shares were traded during the midday session, down 98% from the previous session’s volume of 1,900,866 shares. A number of […]

Financial services

4 trends that will shape financial services in a post-COVID world

The groundswell of digitalization that forced entire industries and services to go online in 2020 at the onset of the COVID-19 pandemic, only continued to grow in 2021 despite the return to office work and deployment of vaccines around the world. Enterprises, SMBs and end users, having tasted the widespread benefits of e-commerce, digital payments […]

Financial services

Cvent: The Evolution of Digital Event Management in the Financial Services and FinTech Industries

Financial services and fintech companies are learning that the journey to deep customer engagement is a marathon, not a sprint, and no place is more obvious than using events as part of your marketing or mix of sale. Banks, insurers, asset management firms, technology and investment research firms have begun to recognize and act on […]

Financial services

Provident Financial Services, I – Consensus indicates 16.7% upside potential

Provident financial services, i found using the (PFS) ticker now have 5 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The range between the high target price and the low target price is between 29 and 24, with the middle target price at 26. Given that the previous close of the shares […]

Financial services

Financial Services Group PNC (NYSE:PNC) Reports Quarterly Earnings, Beats Expectations of $0.31 EPS

PNC Financial Services Group (NYSE:PNC – Get Rating) released its quarterly earnings data on Friday. The financial services provider reported earnings per share of $3.42 for the quarter, beating the consensus estimate of $3.11 by $0.31, reports RTT News. The PNC Financial Services group achieved a net margin of 26.14% and a return on equity […]

Financial services

PNC Financial Services Group, Inc. (NYSE:PNC) Received Consensus “Hold” Recommendation From Brokerages

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) received an average recommendation of “Hold” from the nineteen rating companies that currently cover the company, MarketBeat reports. One analyst rated the stock with a sell recommendation, eight gave a hold recommendation and five gave the company a buy recommendation. The 12-month average […]

Financial services

Second Quarter 2022 EPS Estimates for The PNC Financial Services Group, Inc. Lowered by Jefferies Financial Group (NYSE:PNC)

The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) – Jefferies Financial Group research analysts dropped their second quarter 2022 earnings per share estimates for shares of The PNC Financial Services Group in a note of research published on Monday, July 11. Jefferies Financial Group analyst K. Usdin now expects the financial services provider […]

Financial services

First National Bank once again recognized nationally as one of the Best Places to Work in Financial Services

PITTSBURGH, July 14, 2022 /PRNewswire/ — First National Bank, the largest subsidiary of FNB Corporation (NYSE: FNB), announced that it has again been named Top Workplace in Financial Services by Energage, an independent research firm specializing in engagement workplace and organizational health. This is the second year in a row that FNB has received national […]

Financial services

PNC Financial Services Group (NYSE:PNC) price target reduced to $170.00

PNC Financial Services Group (NYSE: PNC – Get a Review) had its price target reduced by Citigroup from $190.00 to $170.00 in a research report sent to investors on Tuesday, reports The Fly. A number of other stock analysts have also recently released reports on PNC. Wells Fargo & Company cut its price target on […]

Financial services

M&M Financial Services jumps more than 16% in July on strong business outlook

Shares of Mahindra & Mahindra Financial Services Limited (MMFSL) hit a 52-week high at Rs 206.85 (intraday) on BSE, gaining 3% in Tuesday’s weak trading on good trading prospects before easing higher. close at Rs 204.05 per share. The Mahindra Group company’s stock has surpassed its previous high of Rs 206.40 reached […]

Financial services

CBN issues Exposure Draft on Digital Financial Services Awareness Guidelines – The Sun Nigeria

By Chinwendu Obienyi The The Central Bank of Nigeria (CBN) has released an Exposure Draft for Digital Financial Services Awareness Guidelines to address gaps in consumer knowledge and practices with Digital Financial Services (DFS). This was disclosed by the CBN in a circular titled “Digital Financial Services Awareness Guidelines”. According to the CBN, the rules […]

Financial services

Birchal Financial Services Pty Ltd, Blackbaud, Inc., Chuffed.org Pty Ltd, Crowd88, Crowdcube Capital Ltd – Designer Women

The Global Online Crowdfunding Platform Market in Australia The Absolute Markets Insights report is a comprehensive study of top companies, revenue share, data feeds, pending deals, purchases, and dealer volume. The report includes corrective market classifications, application definitions, and a candid overview of the market. The Australia Online Crowdfunding Platform Market is based on specific […]

Financial services

PNC Financial Services Group (NYSE:PNC) demoted by Raymond James to Market Perform

PNC Financial Services Group (NYSE: PNC – Get a Review) was downgraded by Raymond James from an “outperforming” rating to a “market performing” rating in a research note released Thursday, Marketbeat Ratings reports. A number of other brokerages also commented on PNC. Morgan Stanley lowered its price target on PNC Financial Services Group from $209.00 […]

Financial services

Internet outage in Canada disrupts phones, 911 calls and financial services

Canadian telecommunications giant Rogers Communications Inc. suffered outages to its nationwide network today, silencing millions of cordless phones and disrupting internet connections to homes, ATMs and even some 911 emergency lines. Customers began reporting loss of connectivity as early as 4 a.m. EDT, according to The Wall Street Journal. At 3:20 p.m., the company posted […]

Financial services

The PNC Financial Services Group (PNC) is expected to release its quarterly results on Friday

PNC Financial Services Group (NYSE:PNC – Get Rating) is expected to release earnings data before market open on Friday, July 15. Analysts expect PNC Financial Services Group to post earnings of $3.25 per share for the quarter. PNC Financial Services Group has set its second quarter 2022 guidance to EPS and its full year 2022 […]

Financial services

Nandish Shah Recommends Bull Spread Strategy for M&M Financial Services

BULL SPREAD strategy on M&M Finance Buy M&M Finance (expires July 28) 190 CALL at Rs 5.2 and simultaneously sell 200 CALL at Rs 2.50 Batch size 4000 Strategy cost Rs 2.7 (Rs 10,800 per strategy) Maximum profit of Rs 29,200 if M&M Finance closes at or above 200 at […]

Financial services

CFPB Warns Collection Agents Against Illegal Payment Fees – Financial Services

To print this article, all you need to do is be registered or log in to Mondaq.com. The Consumer Finance Protection Bureau (“CFPB”) has issued an advisory warning debt collectors that they may be collecting illegal fees from consumer-borrowers. Specifically, the Bureau interpreted Section 808(1) of the Fair Debt Collections Practices Act (“FDCPA”) […]

Financial services

Troutman Pepper Consumer Financial Services Weekly COVID-19 Bulletin – July 2022 | Troutman pepper

Like most industries today, consumer credit services businesses continue to be significantly impacted by COVID-19. To help keep you up to date with relevant activity, below is a breakdown of some of the biggest federal and state legislative and regulatory events impacting the consumer credit services industry during the week. last : Federal activities State […]

Financial services

Why strong identity verification is becoming a USP for financial services

By Phillip Pointner, Head of Digital Identity at Jumio Accelerated by the pandemic, the majority of our financial lives are now happening online. Capitalizing on the unprecedented boom in digital services across all sectors, the UK government recently revealed plans to introduce digital identities to help tackle the ‘record’ levels of fraud in the UK […]

Financial services

PNC Financial Services Group, I – Consensus indicates 26.7% upside potential

PNC Financial Services Group, I with ticker code (PNC) now have 20 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 250 and 168 calculating the average target price we see 199.95. Now, with the previous closing price of 157.77, this now indicates that there is 26.7% upside […]

Financial services

Discontinuation of Non-Resident Guarantee Declaration for Domestic Financing – Financial Services

To print this article, all you need to do is be registered or log in to Mondaq.com. As part of its ongoing efforts to reduce the compliance burden of regulated entities by, among others, removing redundant and repetitive filings and instructions, the Reserve Bank of India (RBI) notified on 9 June 2022 that Licensed Category […]

Financial services

Pandemic-induced boom in e-commerce has reshaped financial services, Daraz says

Daraz Nepal held the Daraz Summit, its annual flagship event in Kathmandu on Sunday. The one-day event brought together digital thought leaders under one roof to discuss the development of the e-commerce industry in Nepal and its prospects and challenges. Speaking at the summit, Aanchal Kunwar, Managing Director of Daraz Nepal, said the Covid-19 pandemic […]

Financial services

NCC partners with CBN and others to deliver broadband digital financial services to underserved people

Nigeria’s grassroots communities and the country’s underserved population will not be left out of the National Broadband Plan when implementation materializes. According to a statement signed by the Director of Public Affairs of the NCC, Reuben Muoka, the Executive Vice President (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta said in Lagos […]

Financial services

Financial services exciting aspect of UK-India FTA, says Rishi Sunak

The financial services sector offers an exciting prospect of closer trade between India and the UK with a free trade agreement (FTA) being negotiated between the two countries, according to UK Chancellor Rishi Sunak. In an interaction with journalists ahead of the India Global Forum’s UK-India Awards celebrating the success of […]

Financial services

Why 2022 can be the year financial services providers embrace ethical AI

(chainarong06/Shutterstock) Nearly two years after a global pandemic sent most banking customers online, the majority of financial institutions appear to be embracing digital transformation. But many still have a long way to go. For example, a recent survey of mid-market U.S. financial institutions by Cornerstone Advisors found that 90% of respondents have launched or are […]

Financial services

PNC Financial Services Group, Inc. (NYSE:PNC) Stock Holdings Boosted by Graypoint LLC

Graypoint LLC raised its position in shares of The PNC Financial Services Group, Inc. (NYSE: PNC – Get Rating) by 5.0% in Q1, Holdings Channel reports. The fund held 1,444 shares of the financial services provider after buying an additional 69 shares during the period. Graypoint LLC’s holdings in The PNC Financial Services Group were […]

Financial services

Digital first and not digital only in financial services

The personalized nature of financial services has suffered For years, the financial services market has become much more transactional. In a race to the bottom on prices, consumers have become more concerned about who does not charge maintenance fees and who has the best interest rate for their cards or the rewards system for their […]

Financial services

Current key issues in financial services regulation

Click here to watch the video. Hall & Wilcox Partner Vince Battaglia discusses some key current issues in financial services regulation, including ASIC enforcement priorities, the new Corporate Collective Investment Vehicle (CCIV) regime and the “gamification” of financial products. Transcription Vince Battaglia [Transcript] I think ASIC’s enforcement priorities over the next year will be tied […]

Financial services

30% of LGBTQ+ adults have experienced discrimination in financial services

Rainbow flags celebrate Pride month in New York. Lev Radin | Pacific Press | light flare | Getty Images Members of the LGBTQIA+ community still struggle, in some cases, to access financial services that would help them manage their money. According to a survey by the National Endowment for Financial Education, some 30% of LGBTQIA+ […]

Financial services

GCash to further develop financial services

INSTAGRAM.COM/GCASHOFFICIAL MYNT (Globe Fintech Innovations, Inc.) announced on Monday that it will introduce four more insurance packages in the third quarter. GCash, which is operated by Mynt, aims to expand its financial services, especially for young professionals and micro, small and medium-sized enterprises (MSMEs), GCash officials said at a press briefing. Education, variable universal life […]

Financial services

Carver Financial Services Named Finalist for LUMINAIRES Thought Leadership Award

The company has been recognized for its valuable contribution to the industry as a finalist in the LUMINAIRES class of 2022 MENTOR, OHIO, USA, June 27, 2022 /EINPresswire.com/ — Carver Financial Services is proud to be recognized as a finalist for the Class of 2022 in the second annual LUMINAIRE Awards by ThinkAdvisor, the online […]

Financial services

Impact of the metaverse on financial services

Financial services firms have joined their peers across industries in exploring potential opportunities in the metaverse, though few are yet attempting to do so at scale, per Mckinsey and Company. The report states that the future extent of the metaverse’s impact on the industry depends on the development of the underlying technology, particularly using Web3, […]

Financial services

Tiaa Fsb reduces its position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Tiaa Fsb reduced its holdings of shares in The PNC Financial Services Group, Inc. (NYSE: PNC – Get Rating) by 3.5% during the 1st quarter, according to the company in its latest Form 13F filing with the Securities & Exchange Commission. The fund held 17,454 shares of the financial services provider after selling 634 shares […]

Financial services

Online financial services: Commission proposes to strengthen consumer protection | News

On May 11, 2022, the European Commission adopted a proposal to reform the European regulatory framework governing financial services contracts concluded at a distance1 (Proposal). The proposal would strengthen consumer rights and promote cross-border provision of financial services in the single market. The context In 2002, Directive 2002/65/EC on the distance marketing of consumer financial […]

Financial services

CAPROCK Group Inc. buys 102 shares of The PNC Financial Services Group, Inc. (NYSE: PNC)

CAPROCK Group Inc. raised its position in The PNC Financial Services Group, Inc. (NYSE: PNC – Get Rating) by 1.6% during Q1, according to its latest SEC filing. The institutional investor owned 6,313 shares of the financial services provider after acquiring an additional 102 shares during the period. CAPROCK Group Inc.’s holdings in The PNC […]

Financial services

Apple’s advances in financial services come as no surprise

So why is a hardware and software vendor getting into the Buy Now, Pay Later (BNPL) marketplace? The iPhone is currently Apple’s primary driver of sales, earnings, and share price growth, and that isn’t expected to change any time soon. It’s the main reason the Cupertino operation became the first $1 billion company in history, […]

Financial services

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – June 2022 #3 | Troutman pepper

Like most industries today, consumer credit services businesses continue to be significantly impacted by COVID-19. To help keep you up to date with relevant activity, below is a breakdown of some of the biggest federal and state legislative and regulatory events impacting the consumer credit services industry during the week. last : Federal activities State […]

Financial services

Emerging Trends, Top Key Players Accenture and ALTEN – San Juan Independent

According to the report, Excessive External and Internal IT Spending in Global Financial Services including Disruption Analysis by Trends, Growth and Forecast 2021-2028. The factor driving the growth of IT spending in financial services market is the rise of digital banking services. Digital banking is a banking system specific to the Internet. It allows customers […]

Financial services

PASHA Bank foresees the growth of non-traditional financial services players in the Azerbaijani market

By trend The need for e-commerce and cashless payment services has increased significantly amid the COVID-19 pandemic, PASHA Bank Board Member Jalal Orujov said in an interview with Trend. He noted that there were already some projects in this direction, but the challenges caused by the pandemic required the acceleration of the introduction of these […]

Financial services

Building trust in data-driven financial services

By Martyn Wilson, UK ISP Manager at NetApp The past few years have seen seismic changes unfold, not just in the financial services industry, but across the global economy as a whole. During the pandemic, cashless payments were considered more secure and the increase in cashless payments and different ways of accessing financial services continued. […]

Financial services

Personal Financial Services Market Drives Growth

The latest research report on Global Personal Financial Services Market was conducted in a variety of industries in various regions to provide a report containing data exceeding more than 100 pages. The report offers a mix of qualitative and quantifiable information focusing on aspects such as key market developments, industry and competitor challenges in […]

Financial services

PNC Financial Services Group, I – Consensus indicates 34.3% upside potential

PNC Financial Services Group, I with ticker code (PNC) now have 20 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 250 and 170.1 calculating the average target price we have 203.41. Now, with the previous closing price of 151.48, this now indicates that there is 34.3% upside potential. […]

Financial services

Review of Provident Financial Services (NYSE:PFS) and Logansport Financial (OTCMKTS:LOGN)

Logansport Financial (OTCMKTS:LOGN – Get Rating) and Provident Financial Services (NYSE:PFS – Get Rating) are both small cap finance companies, but which is the better company? We will compare the two companies based on the strength of their profitability, institutional ownership, analyst recommendations, risk, dividends, earnings and valuation. Dividends Logansport Financial pays an annual dividend […]

Financial services

Draft circular on the regulation on the confidentiality of bank customers open for consultation – Financial services

To print this article, all you need to do is be registered or log in to Mondaq.com. RECENT DEVELOPMENTS Article 73 of Banking Law No. 5411 (“Right“) authorizes the Banking Regulation and Supervision Authority (“BRSA“) to determine the scope, form, procedures and principles regarding the sharing and transfer of customer information. The BRSA previously issued […]

Financial services

Independent Broker-Dealer, Prospera Financial Services Named Finalist in Two Categories of WealthManagement.com 2022 Industry Awards

Dallas-Based Wealth Management Firm Selected for Practice Management and CEO Honors DALLAS, June 17, 2022 /PRNewswire/ — Prospera Financial Services, Inc. (“Prospera”), a wealth management firm that supports a national network of independent financial advisors, today announced that it has been selected as a finalist for the 2022 Industry Awards in the Practice Management and […]

Financial services

1 in 3 consumers have great confidence in financial services, American College study finds – InsuranceNewsNet

KING OF PRUSSIA, PA – June 16, 2022 – According to new research from the American College of Financial Services, one in three consumers have a high level of trust in financial services, with healthcare (42%) and education (37%) being the only service industries to get a higher score. Research reveals opportunities for financial companies […]

Financial services

Why BaaS is transforming the financial services space

Banking as a service (BaaS) is rising through the ranks in terms of significant developments in the world of digital banking and fintech. But what does it really mean, what are the implications and why is it such a transformative force? We spoke to a number of leading industry experts to find out more Positioning […]

Financial services

MoMo’s Super-App for all-in-one financial services

For younger generations, paper bills, loan forms and even cash might as well be in a museum. Smartphones in hand, their financial services largely take place online. The fintech companies that serve them are in a race to develop AI that can make sense of the vast amount of data companies collect, both to provide […]

Financial services

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – June 2022 #2 | Troutman pepper

Like most industries today, consumer credit services businesses continue to be significantly impacted by COVID-19. To help keep you up to date with relevant activity, below is a breakdown of some of the biggest federal and state legislative and regulatory events impacting the consumer credit services industry during the week. last : Federal activities State […]

Financial services

Keynote Financial Services Ltd tops Group ‘B’ winners

MT Educare Ltd, Compucom Software Ltd, Xelpmoc Design and Tech Ltd and Capital Trust Ltd are among the other BSE Group ‘B’ winners today, 14 June 2022. MT Educare Ltd, Compucom Software Ltd, Xelpmoc Design and Tech Ltd and Capital Trust Ltd are among the other BSE Group ‘B’ winners today, 14 […]

Financial services

Financial Services Diversity Organization Holds Career Fair and National Conference in Washington, D.C.

WASHINGTON, June 13, 2022 /PRNewswire/ — Wholesale Diversity Association (AWD) is an American 501(c)(3) non-profit organization focused on black wholesalers in the financial services industry. After a two-year COVID break, AWD will welcome its 6e National Assembly & Conference this year from June 16e to June 19e at the Westin Washington National Harbor. DMV Career […]

Financial services

Apple’s later payment signals another breakthrough in financial services – The Irish Times

Apple’s announcement that it plans to offer “buy now, pay later” through its Wallet app may have taken some people by surprise. But it shouldn’t have. The new service, which is currently only available to US customers, makes perfect sense – it’s the next step in transforming Apple into a financial services provider. This particular […]

Financial services

Peoples Financial Services (NASDAQ:PFIS) and Professional (NASDAQ:PFHD) Financial Review

Peoples Financial Services (NASDAQ:PFIS – Get Rating) and Professional (NASDAQ:PFHD – Get Rating) are both small cap finance companies, but which business is superior? We’ll compare the two companies based on the strength of their profitability, analyst recommendations, dividends, risk, earnings, valuation and institutional ownership. Profitability This table compares the net margins, return on equity […]