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financial services industry
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- 1Tutoring company tells parents to skip tutoring and use AI●Tutoring company tells parents to save their money and 'use AI instead'
An Australian tutoring company is advising parents to save their money and use AI tools instead of paying for tutoring services. The advice, reported by the Australian Financial Review, has sparked debate about whether AI can genuinely replace human tutors and what it says about the tutoring industry's own confidence in its value as artificial intelligence spreads through education.
- 2Embedded Finance Revenue to Hit $617 Billion by 2031▼Embedded Finance Revenue to Reach $617 Billion Globally by 2031, as B2B Revenue Surges 390%
New industry projections show global embedded finance revenue reaching $617 billion by 2031, with B2B embedded finance revenue forecast to surge 390% over the period. The figures point to rapid growth as companies across sectors integrate payments, lending and insurance directly into their products. Analysts highlight business-to-business applications as the fastest-expanding segment of the market.
- 3Samsung, SK Telecom and Hana build Korea's first private 5G financial office▼Samsung, SK Telecom, and Hana Financial Group Build Korea’s First Private 5G Smart Office in the Financial Sector
Samsung, SK Telecom and Hana Financial Group have jointly launched South Korea's first private 5G smart office in the financial sector. The project applies dedicated 5G networking to a banking workplace, marking a first for the country's finance industry and signalling growing interest among Korean firms in private network technology for secure, high-capacity enterprise use.
- 4Payward Plans Financial Infrastructure Beyond Kraken Exchange▼Payward Looks to Build Financial Infrastructure Beyond Kraken Exchange
Payward, the parent company of crypto exchange Kraken, says it is working to build financial infrastructure that extends beyond its core exchange business. The move signals an effort to diversify into broader financial services, positioning the company as a wider fintech provider rather than a crypto trading platform alone. Details on specific products or timelines were not provided.
- 5Sibos 2026 to examine AI's real impact on finance▼Sibos 2026: Under the hood - where AI will really transform financial services
Sibos 2026, the global financial services industry conference, is set to focus on where artificial intelligence will genuinely transform banking and finance behind the scenes. The event's theme, 'Under the hood', points to practical AI applications in operations, risk and infrastructure rather than headline-grabbing uses, as the industry moves past experimentation toward implementation.
- 6Osaic Names Sayee Bellamkonda Chief AI and Technology Officer●Osaic Appoints Sayee Bellamkonda Chief AI & Technology Officer
Wealth management firm Osaic has appointed Sayee Bellamkonda as its Chief AI and Technology Officer. The move signals the company's push to place artificial intelligence at the center of its technology strategy as financial services firms race to modernize their platforms. Bellamkonda is expected to lead Osaic's AI initiatives and broader technology agenda across its advisor network.
- 7William Blair Hires Managing Director for Insurance and Financial Services▼William Blair Adds Managing Director Focused on Insurance, Financial Services Sectors
Investment firm William Blair has appointed a new managing director focused on the insurance and financial services sectors. The move signals the firm's continued investment in its advisory capabilities in these industries, expanding its coverage as dealmaking and client demand in insurance and financial services remain active.
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Relation Insurance Services has acquired a family-owned insurance agency in Pennsylvania, continuing the brokerage's pattern of growth through acquisitions. The deal adds the agency's book of business and local client relationships to Relation's national platform. Financial terms of the transaction were not disclosed. Industry observers track such deals closely as consolidation continues across the US insurance brokerage sector.