Doctorate of Business Administration

Research Articles (60)

On current research topics in finance. 🚀 Kickstart your dissertation research - select an article and we will create and send you a research proposal on this topic

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AI in finance: how employees can shift their roles from being replaced by AI to being essential contributors (18.12.2024)

The use of AI to optimize work processes in financial services is transforming the industry, offering both significant opportunities and challenges. Companies like Klarna demonstrate how AI can enhance efficiency, reduce costs, and drive innovation. However, this shift also raises critical concerns about job displacement, regulatory compliance, and algorithmic fairness.

Citigroup deploys AI tools to boost employee productivity (12.12.2024)

After years of technological delays, Citigroup is now equipping its 140,000-person workforce with advanced AI tools to enhance document analysis and streamline navigation of internal policies. The bank has introduced a digital guide that simplifies navigation through complex HR, risk, compliance, and finance policies, and a document management tool that enables simultaneous summarization, comparison, and search functionalities. Deployed across key markets, these tools are supported by a multi-year collaboration with Google Cloud, leveraging the Vertex AI platform to modernize Citigroup’s technology infrastructure and integrate generative AI capabilities.

Kraken winds down NFT marketplace (12.12.2024)

Kraken, a leading cryptocurrency exchange, is shutting down its non-fungible token (NFT) marketplace, less than 18 months after its official launch. The platform will transition to withdrawal-only mode on November 27, 2024, with users given a three-month window to withdraw their NFTs. Kraken cited the need to reallocate resources toward new and undisclosed product initiatives as the primary reason for the closure.

Tether exits Euro Stablecoin market amid EU regulatory pressures (2024.12.03)

Tether’s decision to discontinue its euro-backed stablecoin, EURT, underscores the evolving dynamics of the European cryptocurrency market as it aligns with the EU’s regulatory ambitions. This move marks a significant moment, given Tether’s stature as the leading stablecoin issuer and its role in shaping global crypto markets.

Stablecoins Reach $190 Billion Market Cap, Transforming Global Transactions (2024.12.03)

The stablecoin market has reached $190 billion in market capitalization as of November 2024, experiencing a remarkable 46% growth this year. This milestone highlights the rapid adoption and evolving role of stablecoins in global finance.

Americans’ Credit Card Debt Hits $1.17 Trillion as Borrowing Costs Remain High(05.12.2024)

As inflation persists and interest rates remain elevated, credit card debt in the United States has reached unprecedented levels, painting a complex picture of the nation’s financial health. With balances rising, consumers are navigating a challenging economic landscape marked by the tension between robust spending and the mounting cost of borrowing.

Rising Fraud Complaints and Legal Challenges for UK Challenger Banks(05.12.2024)

The rise of challenger banks in the UK has reshaped the financial landscape, offering customers digital-first solutions and innovative banking experiences. However, this rapid growth has come with challenges, as these fintech giants grapple with increasing fraud complaints and legal scrutiny. Recent data from the Financial Ombudsman Service and high-profile lawsuits reveal vulnerabilities in their systems, raising questions about the balance between innovation and security. As customer trust becomes paramount, these banks must navigate a complex web of regulatory demands and the need for robust fraud prevention strategies.

A major disruption caused by a Fintech Platform leads to Hundreds of Thousands of Frozen Accounts (28.11.2024)

The fintech platform Synapse, which abruptly froze hundreds of thousands of customer accounts across multiple partner financial institutions, caused a major disruption. Reliance on third-party fintech services for banking operations can lead to widespread financial chaos. The situation highlights the risks and regulatory challenges of outsourcing core banking functions to non-bank intermediaries.

Stripe Leverages AI to Enhance Cross-Border Commerce in Asia (28.11.2024)

Stripe has rolled out a suite of AI-powered tools to revolutionize how businesses handle payments, pricing, and fraud prevention. By incorporating artificial intelligence, Stripe aims to enhance operational efficiency and enable businesses to deliver a seamless and secure experience to their customers. These innovations are especially targeted at fostering growth in global markets, with a particular focus on Asia.

2 incredible Banking FinTech stories that were transforming the world of financial technology (11/2024)

Nubank has reached a significant milestone, acquiring 100 million customers in Brazil, representing over half of the countrys adult population. The company’s rapid growth highlights a shift in banking preferences, particularly among younger generations. Meanwhile, Revolut has expanded its crypto exchange across 30 European markets, offering low trading fees and advanced tools, marking a major step in its strategy to integrate traditional finance with cryptocurrency services. Both companies are reshaping financial landscapes in their respective regions.

The Top AI Startups Transforming Industries Globally (21.11.2024)

Leading AI startups are transforming industries across the globe. We explore how these startups are driving innovations in sectors such as healthcare, finance, transportation, and e-commerce. Those companies work in natural language processing, generative AI, edge computing AI chips, computer vision technologies, and machine learning solutions for enterprises. We examines the growing AI ecosystems iand highlight the role of accelerators in supporting these startups. These AI companies are not only reshaping industries but also contributing to the global AI landscape, with a strong emphasis on advancing AI in practical, real-world applications.

Wise to Power Cross-Border Payments for Standard Chartered (11/2024)

Standard Chartered has partnered with Wise, a leading cross-border payments fintech, to enhance its SC Remit service. Leveraging Wise Platform, Standard Chartered will offer low-cost, rapid international fund transfers across 21 currencies in Asia and the Middle East. This collaboration reflects broader trends in the financial sector as institutions adapt to growing demand for faster, transparent global payment solutions.

Historic fine for crypto firm underscores challenges in enforcing sanctions (11/2024)

Lithuanias Financial Crimes Investigation Service imposed a historic €9.3 million fine on Payeer for violating international sanctions and AML rules. Payeer facilitated transactions through EU-sanctioned Russian banks and failed to verify customer identities, generating €164 million in revenue over 18 months. This case signals increased regulatory scrutiny, a push for stricter compliance measures, and calls for international collaboration to prevent jurisdictional arbitrage. The case underscores the crypto industry’s need to prioritize regulatory adherence amid growing enforcement actions.

Banking on AI: the potential and pitfalls of Artificial Intelligence in Finance (11/2024)

As artificial intelligence revolutionizes the banking sector, industry leaders from UBS and McKinsey highlighted the potential and challenges facing financial institutions. Concerns range from return on tech investments to the future role of human bankers in an AI-driven landscape.

First half of 2024 sees alarming surge in digital currency thefts (11/2024)

The latest numbers show twice as much money has been stolen in crypto hacks and exploits in the first half of 2024 compared to the same period in 2023

Sony to launch crypto exchange (11/2024)

Japanese technology giant Sony is making a significant move into the cryptocurrency market with the launch of its new crypto exchange, S.BLOX. This development comes after Sonys acquisition of Amber Japan, formerly known as DeCurret, in August 2023 through its subsidiary Quetta Web.

Capital Ones partnership with FinTech giants (10/2024)

Financial services giant Capital One has formed a strategic alliance with payment titans Stripe and Adyen to combat the ever-growing threat of e-commerce fraud.

Synapses collapse exposes risks in FinTechs Banking-as-a-Service model (10/2024)

The bankruptcy of FinTech middleman Synapse Financial Technologies has exposed significant vulnerabilities in the popular Banking-as-a-service (BaaS) model, leaving thousands of customers unable to access their funds.

Credit Unions outpacing community banks in AI chatbot adoption (08/2024)

A recent study by Cornerstone Advisors has revealed that credit unions in the United States are moving more aggressively than community banks in their plans to adopt AI-powered chatbots in 2024.

Google Pay is getting 3 major upgrades to make payments easier and safer (08/2024)

Google Pay is about to get three new features designed to improve the online payment experience. And those concerned about the impending shutdown of the Google Pay app in the U.S. needn’t worry. This is an update for the Google Pay payment system, which is very much sticking around for the long haul.These three updates include the ability to see certain credit card benefits during checkout, a buy-now-pay-later option and an update to autofill that lets users verify card details with their device’s PIN number or biometric authentication.

SEC approves ether ETFs as crypto moves closer to mainstream (08/2024)

The US Securities and Exchange Commission has approved the first spot ethereum exchange traded funds, another landmark for cryptocurrency advocates and investors following the debut of bitcoin ETFs earlier this year.

PayPal expands PYUSD stablecoin to Solana, signaling growing adoption of digital assets (08/2024)

Finance behemoth PayPal has expanded its stablecoin, PayPal USD (PYUSD), to the Solana blockchain.

Visa preps for US pay-by-bank services (08/2024)

A spokesperson for Visa didn’t immediately respond to a question about when the card network’s pay-by-bank services would start in the U.S. While Visa’s business has long turned on its card services, the San Francisco-based company is increasingly branching out to offer other types of money transfer services, seeking to complement its credit, debit and prepaid card offerings.

Tokyo firm adopts Bitcoin as reserve asset amid Japans economic woes (08/2024)

Metaplanet Inc., a Tokyo-listed investment and consulting firm, has announced its adoption of Bitcoin as a strategic reserve asset in response to Japans persistent economic challenges.

AI is eating banking: JPMorgan unveils IndexGPT (07/2024)

Harnessing the power of artificial intelligence, banking giant JPMorgan Chase has just unveiled IndexGPT, a tool designed to revolutionize thematic investing.

Stablecoins surge, challenging traditional payment giants (07/2024)

Stablecoins, the less volatile cousins of cryptocurrencies, are experiencing a renaissance in real-time payments, with transaction volumes hitting record highs and surpassing those of traditional payment providers like Visa.

Key takeaways from Warren Buffetts annual letter (06/2024)

Earlier in April, Warren Buffetts favorite CEO letter came out - J.P. Morgan Chairman & Chief Executive Officer Jamie Dimon published his annual letter to shareholders.

The Future of AI-Enhanced Customer Acquisition in Banking (06/2024)

The future of AI-enhanced customer acquisition in banking holds immense potential for transforming the industry. With advancements in artificial intelligence, banking institutions have the opportunity to revolutionize their customer acquisition strategies and drive unprecedented growth.

A turning point for DeFi regulation? Uniswap faces potential SEC lawsuit (06/2024)

Uniswap, the largest decentralized cryptocurrency exchange (DEX), recently received a Wells notice from the U.S. Securities and Exchange Commission (SEC), indicating the regulators intention to sue the company.This development marks a significant moment for the decentralized finance (DeFi) space, as it could set a precedent for how DeFi platforms are regulated in the future.

So, Bitcoin Halving Is Done. What Happened and Whats Next? (06/2024)

In April 2024, the block reward was reduced to 3.125 bitcoin, which is worth around $200,122 as of April 19. However, since bitcoin mining typically requires expensive hardware and a vast amount of energy, it can be an expensive endeavor.

Stripe to bring back crypto with USDC stablecoin payments (06/2024)

Co-founder John Collison says crypto is ‘back’ a month after bitcoin reached a record high, as the fintech giant attempts to woo more customers across its services.

Deepfakes: the next frontier of financial fraud (05/2024)

The fight against fraud has met a formidable opponent in AI, which is responsible for the increasing sophistication of deepfake technology and its many implications for wrongdoing and abuse. With deepfake technology evolving so quickly, how can identity verification programs keep up?

Hong Kong approves spot Bitcoin and Ethereum ETFs, positioning itself as a crypto hub (05/2024)

Hong Kong has approved the first batch of spot Bitcoin and Ether exchange-traded funds (ETFs). This development comes as part of the citys drive to establish itself as a leading hub for digital assets.

Is AI a job killer in the finance industry? (05/2024)

Why >70% of FinServ execs expect AI to take their jobs

The Billion-Dollar (FinTech) Marketer: lessons from Ryan Reynolds (05/2024)

Ryan Reynolds-backed FinTech giant Nuvei just got sold to Advent International for a whopping $6.3 billion. This makes it the second-largest private equity deal in FinTech in recent memory. The biggest one is GTCR acquiring Worldpay for $11.4B. But more importantly, this makes Reynolds the greatest marketer alive today. Heres how he does it.

AI is revolutionizing Risk Management and Compliance in the banking sector (05/2024)

In the coming years, artificial intelligence has the potential to completely transform how financial institutions manage risks, automate, accelerate, and enhance a wide range of activities, from compliance to risk monitoring.

Apples ReALM aims to revolutionize voice assistants for smarter finance and beyond (05/2024)

SEC wins ruling allowing a lawsuit against Coinbase (05/2024)

A federal judge has dealt a significant blow to Coinbase, ruling that the U.S. Securities and Exchange Commission (SEC) can proceed with its lawsuit accusing the cryptocurrency exchange of operating as an unregistered broker, exchange, and clearing agency.

Ripple joins stablecoin rush with plans for USD-pegged token (05/2024)

Crypto and blockchain giant Ripple has announced plans to launch its own dollar-pegged stablecoin later this year. The move comes as the stablecoin market, currently worth around $150 billion, continues to grow, with projections suggesting it could reach $2.8 trillion by 2028.

The rise of embedded finance (05/2024)

Financial services are the lifeblood of the economy, moving beyond old fashion products and moving towards customized products. Its a coming-of-age for embedded financing. Embedded ﬁnance is a multi-trillion dollar opportunity. Embedded finance can unlock an opportunity bigger than the current value of all fintech startups and the top global banks and insurers, combined

JPMorgan aims to revolutionize retail checkout with biometric pPayments (04/2024)

JPMorgan Chase, the largest US bank, is on a quest to make a significant leap in the payments industry by broadly launching biometric checkout services for its merchant clients in early 2025.

ChatGPT buzz raises the bar for banking chatbot capabilities (04/2024)

In recent years, banking chatbots and virtual assistants have seen a significant uptick in usage, with consumers increasingly interacting with these AI-powered tools for their financial needs. As generative AI (genAI) technologies like ChatGPT and Google Gemini gain prominence, customer expectations for these banking assistants are evolving, pushing banks to enhance their digital offerings.

Klarna replaces 700 human agents with ChatGPT as it prepares for a $20 billion IPO (04/2024)

The Swedish FinTech behemoth Klarna, renowned for pioneering the Buy Now, Pay Later (BNPL) model, is gearing up for a potential $20 billion US initial public offering (IPO) slated for as early as the third quarter of 2024. This move follows a tumultuous period for the BNPL firm, which seeks to transcend internal conflicts among stakeholders and a significant downturn in its valuation.

Why is Blackrock entering Crypto? A HUGE deal that shouldn’t be disregarded (04/2024)

BlackRock, the worlds largest money manager, reported record assets under management of a whopping $10.5 trillion and a 36% year-on-year increase in net income to $1.57 billion.

Case-Study: how digital bank Monzo reaches 9 million customer milestone (03/2024)

Digital bank Monzo has just crossed the landmark of 9 million personal UK current account customers, cementing its position as the countrys largest challenger bank. Two million customers joined just last year, with growth largely attributed to word-of-mouth.

𝕏 gears up to offer payments and banking services (03/2024)

Elon Musk grand vision for X is coming closer to reality as the platform secures more money transmitter licenses across US states. With the latest approval from Pennsylvania, X now has the green light to facilitate money transfers in 13 states so far.

23 lessons for every FinTech & AI startup that will teach you more about business and entrepreneurship than any MBA (03/2024)

Jeff Bezos is one of the most successful entrepreneurs of all time. He took Amazon from zero to a $1 trillion company in 23 years. He documented his journey in his annual letters to shareholders. Here we present you 23 lessons for every FinTech & AI startup that will teach you more about business and entrepreneurship than any MBA

Will Open Banking eat Visa’s and Mastercard’s lunch? (02/2024)

If you’re following the space actively, you know that financial technology companies have succeeded in reducing payment costs for merchants by providing cheaper and easier ways to accept payments.

Generative AI will completely transform FinTech and Banking over the next years (01/2024)

The financial technology industry is constantly evolving and throughout the years it has definitely changed the world and the way we interact with banks, consume, spend our money, and do business. 2023 and 2024 have undoubtedly been year like no others. They where the years of artificial intelligence and AI-powered innovation.

JPMorgan is leading the way in the adoption of AI in banking (01/2024)

JPMorgan is leading the way in the adoption of AI in banking. A new index that tracks banks implementation of AI puts banking behemoth JPMorgan at the top of the list, according to TechCrunch.

JPMorgan is developing a ChatGPT-like AI service for investors (01/2024)

JPMorgan, one of the biggest and most powerful banks in the world, is developing a ChatGPT-like artificial intelligence service for investors called IndexGPT

Tesla could become the most powerful AI company in the world disrupting Finance & FinTech forever (01/2024)

Tesla could soon be the most powerful AI company in the world - 90% of people might not realize this but Tesla is a FinTech. And now this unconventional FinTech is developing its own Supercomputer called Dojo that would not only be a significant catalyst for the automaker.

Biometric payments is a $6 trillion opportunity (01/2024)

JPMorgan will conduct a pilot of biometric payment technology that enables shoppers to pay by scanning their palms or faces at select US retailers. The initial test will take place at brick-and-mortar stores in the US, with the possibility of extending to the Miami Formula 1 Grand Prix. If the trial is successful, the technology will be extended to more US merchants by 2024.

Visa expanded stablecoin settlement capabilities (01/2024)

Financial technology powerhouse Visa is expanding its stablecoin settlement capabilities to the Solana blockchain and is also working with merchant acquirers Worldpay and Nuvei.

FinGPT, the first Open-Source Financial LLM (01/2024)

Meet FinGPT, an open-source financial large language model (LLMs) that aims to democratize Internet-Scale financial data, providing researchers and practitioners with accessible resources to develop FinLLMs and build the future of finance. Which is open.

Visa creates $100M Generative AI Venture Fund (12/2023)

Financial behemoth Visa announced a $100 million investment initiative to fund companies developing generative AI technologies for commerce and payments. This move signals Visas confidence in generative AIs potential to transform financial services.

Will NFTs Rewrite Finance As We Know It? (10/2023)

Twitters Founder, Jack Dorsey, sold his first-ever tweet – “just setting up my twttr”– as an NFT for USD 2.9 million on 22nd March 2021. The buyer, Mr. Sina Estavi from Malaysia, is a chief executive of a crypto firm, Bridge Oracle. He says: “It’s a piece of human history in the form of a digital asset. Who knows what will be the price of the first tweet of human history 50 years from now.”

Customer first, Banking second (09/2023)

Robo-advisors for the everyday investor began popping up around 2008, the year after the iPhone made its public debut. Just over a decade later, robo-advisors were managing about $785 billion, according to Backend Benchmarking, which specializes in research on digital advisors. Dozens of firms have built their own models to capitalize on popularity and an ascendant digital culture. Explore in this article how robo-advisors automate investing by using an algorithm to generate portfolios and understand the risks and benefits.

Overcoming the challenges of sustainable investing (08/2023)

Sustainable investing has come a long way and is now mainstream. Whatever your motivation for change, its clear there is an increased interest in sustainable investment – at times led by clients, led by firms themselves, and sometimes in response to regulation. This report provides an overview of concepts to shed light on both the progress and challenges with respect to the current state of ESG investing.

Is Robo-Advisory already meeting expectations in digital banking? (07/2023)