Financial institutions worldwide are accelerating artificial intelligence deployment, and new finastra research highlights how this shift is reshaping strategies, risk management, and customer experience across the sector. Summary AI use now near-universal across financial institutions Customer experience emerges as the primary battleground High confidence despite disruption and rapid transformation AI becomes the core innovation engine
China’s share of the global economy (measured by its proportion of worldwide GDP) has risen to an estimated 19.6%, according to the most recent data. This brings the country close to representing nearly one-fifth of the total global economic output. In the mid-1980s, China’s share was only about 2.9%, meaning its slice of the world
President Donald Trump sparked a viral debate on social media after a February 9 interview on Fox Business’s Kudlow show, where he discussed his decision-making around Kevin Warsh, his nominee for Federal Reserve (Fed) Chair. Short clips circulating on X (Twitter) show Trump saying he “made a big mistake,” fueling confusion over whether he now
The International Monetary Fund (IMF) has stated that stablecoins come with inherent risks in the financial sector for weaker economies. The latest caution was shared on the IMF’s official X page to highlight the attendant risks associated with the use of stablecoins. IMF warns of currency substitution and capital flight Notably, the IMF has expressed
FG Nexus has announced that it will be implementing a 1-for-5 reverse stock split in an effort to attract institutional investors and improve its trading liquidity despite its low price. To remedy its falling stock value and attract institutional interest, FG Nexus has announced that it will be implementing a reverse stock split, reducing its
When markets get tough, as crypto did at the end of January, investment companies need all the help they can get to make the right decisions, fast. No surprise, then, that many are turning to AI, the shiniest new weapon in the arsenal, to analyze and suggest ways of minimizing losses and even making a
American billionaire and hedge fund manager Ray Dalio has warned that central bank digital currencies (CBDCs) are coming, which will offer benefits but also potentially allow governments to exert more control over people’s finances. “I think it will be done,” said Dalio on CBDCs in a wide-ranging interview on the Tucker Carlson Show on Monday,
Financial technology trade groups, led by the American Fintech Council, are urging the Federal Reserve to move forward with a plan that would give certain non-bank financial firms direct access to U.S. payment rails. “A well-designed payment account can expand competition and responsible innovation in payments without introducing new risk,” Phil Goldfeder, CEO of the
Coinbase’s “Everything App,” Base App, is sunsetting its Creator Rewards program and Farcaster-powered social feed as part of a strategic shift to focus entirely on tradable assets. The Creator Rewards program was launched in July and was intended to make Ethereum layer 2 Base a more social ecosystem, where activity and engagement translated into earnings.