The credit industry is shifting how it evaluates borrowers. Traditional credit scoring has left over a billion people without access to financial services, but lenders are increasingly turning to alternative data-bank transactions, spending patterns, real-time financial behavior-to make more informed decisions about creditworthiness.
When I spoke to Zelle's GM Denise Leonhard in January, she had her sights set on helping Zelle grow beyond $1 trillion in transaction volume. She planned to do this by focusing on expansion and improvement.
"The traditional banking model for small and medium-sized businesses has reached an inflection point... banks are evolving recognizing that their SMB clients need operational partners who understand the unique challenges of running a business."
The latest figures from our London Employment Monitor points to a continued rebound in London's financial services hiring. Following a 12% seasonal bounce in Q1, we've seen a further 3% increase this quarter and a 14% year-on-year uplift.
Kudotrade's new proprietary trading platform aims to democratize access to capital, empowering traders to succeed without risking their own funds while sharing profits.
The platform is moving to charging for ads based on vertical size, so an ad that takes up the whole screen would cost more than an ad that takes up 1/4 of the screen.
Embedded finance has become integral to platforms' architecture and how they operate, marking a significant evolution in the integration of finance within software ecosystems.
While my Gen AI chatbot significantly improves document searching efficiency, I wonder if it can truly compete with the pricing and performance of established solutions like Amazon Q.
"By providing advance notice, our goal is to give you the time needed to re-establish routines and return to the rhythm of attending the office every day. We are confident that the benefits - for each of you, for our clients, and for the business - will be significant."
Sea's digital financial services arm, rebranded to Monee, achieved nearly 35% growth last year, reaching $2.4 billion, showcasing the growing demand for fintech in the region.
We are focusing on accelerating our AI strategy-connecting teams and partners, prioritizing resources and expediting use cases across our businesses and functions.
Through our partnership with Max Matthiessen, we see significant potential to accelerate our technological and evidence-based development, as well as our ability to deliver tailored customer solutions.
"Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorgan Chase."