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Will AI Rule Banking or Become the Next Crypto? Artificial intelligence (AI) and cryptocurrency are two transformative technologies in the financial sector, but their current adoption rates differ significantly. While AI is

Commodity trader ADM is investigating accounting irregularities at its business unit in Switzerland and has placed its finance chief on administrative leave. The probe comes as ADM struggled with poor financial results,

In an effort to combat money laundering, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced plans to increase its focus on money laundering issues. The regulator

TLDR: Cryptocurrencies have challenged traditional banking systems by offering decentralized peer-to-peer transactions. Reduced dependence on banks and lower transaction fees are potential threats to traditional banks’ revenue streams. Cryptocurrencies have improved financial

TLDR: China’s major state-owned banks are reportedly selling dollars in the onshore market to strengthen the yuan. The move comes as domestic stocks have experienced significant drops. Banks are also tightening lending

TLDR: The fintech sector has outlined its wish list for the upcoming budget. Key priorities include bringing all banks onto the account aggregator framework and treating unlisted equity the same as listed

TLDR: The fintech sector has outlined its budget wish-list, including bringing all banks onto the account aggregator framework and treating unlisted equity at par with listed equity for long-term capital gains taxation.

TLDR: Regtech Sumsub has joined the MENA FinTech Association (MFTA) to drive business growth in the MENA region and raise awareness about identity fraud. The partnership will also help foster innovation in

TL;DR: JPMorgan Chase has agreed to pay an $18 million fine for forcing customers to sign confidential release agreements, preventing them from reporting illegal activity at the bank to the U.S. Securities

Canadian small businesses are more satisfied with the financial services provided by credit unions than by the country’s largest banks, according to a survey by the Canadian Federation of Independent Business. Credit