A research center affiliated with the University of Chicago, known as the National Opinion Research Center (NORC), has reached a settlement with the U.S. Department of Labor (DOL) following allegations of discrimination against more than 100 Asian job applicants. The settlement includes the payment of $95,000 in back pay and interest, as announced by the DOL on Monday. This development
In today’s modern work environment, workplace discrimination continues to persist, impacting the experiences of countless employees. A recent study conducted by Monster revealed alarming statistics, affirming that discrimination remains a prevalent issue that demands immediate attention. This article seeks to shed light on the extensive prevalence of workplace discrimination, emphasizing the need for comprehensive strategies and tactics to eradicate it
Embedded finance, a groundbreaking concept in the financial services industry, has the potential to revolutionize the way we approach and interact with financial products. By seamlessly integrating financial services into existing user journeys, embedded finance promises to overcome the structural challenges that have long hindered financial inclusion and innovation. This article explores the promise, principles, and impact of embedded finance,
In today’s fast-paced world, the combination of fintech and contactless transport payments has heralded a new era of ease for commuters and travelers. With the advent of innovative technologies such as mobile wallets and smart cards, users can simply tap their devices at entrance points to gain quick access to public transportation networks. This article explores the various aspects of
The battle for bank deposits is heating up, putting smaller banks in a more vulnerable position. As competition intensifies, the cost of attracting and retaining deposits is on the rise. In this challenging environment, banks have an opportunity to tap into new market segments and secure a lower-cost and stickier source of deposits by partnering with embedded finance companies. The
In the rapidly evolving landscape of the financial technology (fintech) industry, account-based marketing (ABM) has emerged as a crucial tool for organizations looking to leverage personalized marketing tactics. ABM helps fintech companies connect with their key accounts on a deeper level, ensuring that the right content and context are delivered to the right individuals. This article delves into the significance
In today’s uncertain economy and labor market, building and maintaining a people-centered, purpose-driven workplace culture is more important than ever. Not only does it contribute to employee satisfaction and engagement, but it also helps organizations navigate challenges and attract top talent. In this article, we will explore the significance of organizational purpose, the importance of establishing a clear purpose statement
Data Science has emerged as a transformative force, reshaping the industry’s landscape. Its ability to derive insights and knowledge from data has revolutionized areas ranging from risk assessment and fraud prevention to customer engagement and investment strategies. The Revolution of Data-Driven Insights Data-driven insights are changing the way businesses operate in various areas. Risk assessment and fraud prevention have been
Over the past decade, regulatory changes have sparked a radical transformation in the financial landscape, giving rise to banking-as-a-service (BaaS) providers. Initially hailed as drivers of innovation, BaaS has also been responsible for some of fintech’s most notable challenges. As supported innovations, like cryptocurrency, face increasing scrutiny from regulators, the future of BaaS is at a critical juncture. In this
Priority Technology Holdings, a leading payments and banking technology platform, has announced the acquisition of Plastiq, a pioneering B2B payments company. This strategic move aims to expand Priority’s differentiated Unified Commerce Platform and provide businesses of all sizes with a comprehensive suite of working capital solutions. Description of the merger The merger between Priority Technology Holdings and Plastiq brings together
In an evolving digital landscape, embedded finance has emerged as a transformative concept, allowing agile fintech players and platforms like Shopify to seize ownership of the customer relationship. This shift has urged traditional financial institutions to reassess their positions, as they face relegation to low-margin utility roles. However, thoughtfully embracing embedded finance presents an opportunity for these institutions to reinvent
In today’s corporate landscape, the acronym DEI (diversity, equity, and inclusion) is on the minds and lips of most hiring leaders. The importance of DEI and its integration into recruitment practices cannot be overstated. Not only does DEI foster creativity and innovation, but it also enhances employee belonging and engagement, leading to numerous practical benefits. It is no wonder that
