GOP draft bill would tighten rules for finance firms using customer information

GOP draft bill would tighten rules for finance firms using customer information

Rep. Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A new draft bill from House Financial Services Ranking Member Patrick McHenry, R-N.C., lays the groundwork for how the GOP will tackle financial data

Why Financial Services Firms are Championing Natural Language Processing

Why Financial Services Firms are Championing Natural Language Processing

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 billion globally over a five-year period, it gets noticed. Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by

Financial Service Firms Ramp up Recruitment as Confidence Grows

Financial Service Firms Ramp up Recruitment as Confidence Grows

TRUMBULL, Conn.–(BUSINESS WIRE)–Financial services (FS) firms are ramping up recruitment as global economic confidence returns. Questionmark, the online assessment provider is urging employers to ensure they bring in staff with the skills to navigate change. After a sluggish year, recruiters are confident that hiring is bouncing back in the United States (US).1,2 FS employers in

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

Covid-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate culture, according to a report, Financial Services Risk Trends: An Insurer’s Perspective, from Allianz Global