HONG KONG, June 21, 2022 /PRNewswire/ — The worldwide monetary market has been risky in recent times as a result of epidemic, which has brought about many native securities companies, particularly small and medium-sized ones, to face operational difficulties and even shut down. It’s honest to say that the market […]
Financial
Lucid Motors launches Lucid Financial Services with Bank of America for lease and loan financing
Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America. Lucid Motors ($LCID) is currently delivering […]
State Financial Regulators Tell Congress To Pass Marijuana Banking Protections In Manufacturing Bill
An organization that represents state financial regulators from across the U.S. is putting pressure on Congress to pass marijuana banking reform as part of a large-scale manufacturing bill that’s currently being finalized in a bicameral conference committee. The head of the Conference of State Bank Supervisors (CSBS) sent letters to […]
Can Digital Banking Units Change Indian Financial Services Landscape?
Finance Minister Nirmala Sitharaman announced in the Budget 2022 speech that 75 digital banking units would be set up in 75 districts of the country According to the RBI, the minimum products and services to be offered by DBUs include account opening – saving bank accounts and current accounts, FD […]
Building A Marketing Strategy For The Financial Industry
Dmitry Dolgorukov is the Co-Founder and CRO of HES FinTech, a leader in providing financial institutions with intelligent lending platforms. getty Trust for fintech providers is rising. Thirty-one percent of U.S. consumers surveyed by EY say they currently use a fintech brand. For younger generations in the survey, that number […]
Arab central banks, monetary authorities champion financial inclusion
The issue of enhancing access to finance and financial services in the Arab countries is receiving growing attention from the Council of Arab Central Banks and Monetary Authorities’ Governors, in recognition of the potential and significant opportunities that can be achieved by increasing financial inclusion to support inclusive and sustainable […]
SMBs are seeking financial immunity from COVID
COVID-19 concerns are far from over, and this is raising questions for many small-business owners. Will consumers return to pre-COVID-19 norms? Will hiring continue to be difficult and expensive? How will businesses recuperate from the continued losses expected from canceled business? To get answers to these questions and more, many […]
UK digital banks need to improve financial crime controls, FCA warns
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. The Financial Conduct Authority on Friday published the findings of a review […]
Banks aren’t adequately supporting customers through financial hardship: J.D. Power study
J.D. Power released its annual Retail Banking Satisfaction survey last week, revealing that banks are lacking in their support of customers during financial hardships. According to the study, only 44% of banks are supporting customers during financial hardship as well as they should be. That percentage is in spite of […]
India’s HDFC And HDFC Bank Will Merge To Create Financial Giant
Pedestrians walk past an HDFC Bank branch in Mumbai, India, on December 4, 2020. Dhiraj Singh/Bloomberg India’s largest mortgage lender Housing Development Finance Corporation (HDFC) has announced that it will merge with the country’s largest private sector lender, HDFC Bank. The merger will create one of India’s largest financial conglomerates […]