Global Scans
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Financial Services
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Weekly Summary
[New] We believe that the EITC's entry into the digital financial services space will further enhance the financial landscape of the UAE through customer-centric solutions that will contribute to its growth and development.
Khaleej Times
[New] EITC's entry into digital financial services space will further enhance the financial landscape of the UAE through customer-centric solutions that will contribute to its growth and development.
Observer Dubai
[New] The Africa Financial Inclusion Forum endeavors to advance and promote financial inclusion in Africa through innovation, disruptive technologies, policy interventions and cutting-edge Fintech technologies and services.
Global Africa Network Media
Opportunities exist for UK companies across a wide range of sectors, including financial services and fintech, technology, cyber security and infrastructure.
Great.gov.uk
As a key player in the global financial industry, Citigroup plays a significant role in facilitating economic activities, managing risks, and driving innovation in the financial services sector.
Hivelr
Big tech firms have the potential to boost innovation in financial services but their unique access to large sets of data, such as retail or social media, could give them an advantage in the future if combined with financial data that firms already hold.
The Telegraph
Industries such as automotive, chemicals, financial services, and life sciences could witness the earliest economic impact - potentially gaining $1.3 trillion in value by 2035.
Data Centre Revuew
Trade-related and outward-oriented services sectors, including wholesale trade and financial services, will revert to positive growth in 2024.
TODAY
Global agricultural output and food security could increase by 20-30% if women had access to land, tech and financial services in rural areas.
ThePrint
There's broad consensus that AI will eventually benefit a wide range of companies, from health care and tech firms to manufacturing and financial services giants.
Fortune
Walmart has gradually added financial services to its core brick and mortar network and e-commerce site as it builds a financial super app, which could bolster Walmart's ability to compete with banks.
American Banker
Building on the additional funding, Monite plans to double down on product development and expand its suite of embeddable financial services for US B2B platforms and their customers.
FinExtra
The shift to sustainable transportation will offer further growth potential for Daimler Truck Financial Services with new service solutions for charging or e-infrastructure.
Automotive World
2024 could be a pivotal year for the banking industry - and the financial services industry as a whole - where embracing change and innovating risk management strategies will be key to staying relevant and successful.
FinExtra
Artificial intelligence has the potential to provide tremendous value for real estate as financial services organizations undergo business transformation.
Globe Street
Lloyds Banking Group plans to shut down its mobile van banking service and 123 branches, raising concerns about reduced access to financial services in rural and underserved areas.
hollandfintech
In another CFPB proposal from last year that will unfold in 2024, U.S. consumers will have more leeway to move financial data from one service provider to another.
Payments Dive
Since embedded finance refers to the digital process of integrating financial services into non-financial products and services, everything digital moves at breakneck speed; it will ramp up in 2024.
EU-Startups
In the US, the Financial Stability Oversight Council has for the first time identified the use of AI in financial services as a vulnerability in the financial system.
Passle
The banking, financial services, and insurance sectors are predicted to experience profound benefits from AI applications, leading the charge for adoption across industries, with widespread adoption expected by 2026.
hollandfintech
As financial services, supply chains, and businesses globally will be up against a wide range of challenges, Africa will continue to look increasingly inwards for products, services, and markets.
How we made it in Africa
Travel, digital media, food and transport, e-commerce and digital financial services will continue to evolve in the coming years.
The Straits Times
Last updated: 25 March 2024
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