Global Scans · Financial Services · Weekly Summary

• [New] Financial support is crucial for further sustained and inclusive growth of NBFCs, which will in turn benefit students struggling to access financial services in remote parts of India. Business Today
• [New] Forrester credits Europe's growth to higher enterprise digital maturity and advanced cybersecurity adoption, while North America is expected to spend more on its financial services and healthcare sectors. TechRadar pro
• More broadly countries with greater adoption of digital financial services (DFS) will find it relatively easier to ensure continued access to financial services and take advantage of and support digital economy developments like e-commerce, tele-medicine and distance learning. World Bank Blogs
• Artificial intelligence is redefining cybersecurity and fraud in the financial services sector, and the Biden administration is committed to working with financial institutions to utilise emerging technologies while safeguarding against threats to operational resiliency and financial stability. FinExtra
• Regulatory measures such as Europe's Digital Operational Resilience Act and the U.S. Treasury's risk guidelines require financial institutions to demonstrate robust cloud service failure management and disclose any concentration risks associated with their cloud providers. Forbes
• 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
• 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
• 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

Last updated: 15 April 2024