August 30, 2024 Big banks fall short on climate risk plans says U.S. regulator The Office of the Comptroller of the Currency conducted a review last year including 22 large banks to see how they account for the impact of climate change on their loan books and businesses. BY Reuters A top U.S. banking regulator has … Continue reading Big banks fall short on climate risk plans says U.S. regulator
June 25, 2024 Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says The BIS cautioned that AI also introduces risks, such as new types of cyber attacks, and may amplify existing ones, such as herding, bank runs and financial asset fire sales. BY Reuters Central banks should embrace the benefits of artificial … Continue reading Central banks should use AI to ‘sharpen’ inflation predictions, BIS report says
By KC Ifeanyi February 23, 2023 When Marian Leitner-Waldman launched her canned-wine company Archer Roose in 2014, she hit on a relatively untapped market at just the right time. Between 2014 and 2016, there was a 125% increase in canned-wine sales, driven by consumers looking for convenience (enjoying a single-serve can versus opening … Continue reading Why this canned-wine company tapped Elizabeth Banks to lead its marketing
Julia Magas November 30, 2021 Financial technologies are rapidly transforming from futuristic imaginings into an inextricable component of everyday life. Back in 2016, such services as Apple Pay and Samsung Pay were just entering the global market as newfangled inventions, while today, they are used to processing three times more transactions than those made using … Continue reading Brick-And-Mortar Banks Losing the Battle to Their Digital Counterparts
David DeCorte — January 8, 2020 One of the nation’s largest banks has been taking heat from customers in recent months. No, it’s not about unanticipated fees or problems with security. Instead, the issue is the bank’s sudden decision to cutoff a popular fintech service. According to the Wall Street Journal, PNC bank customers find … Continue reading Is There a Fight Brewing Between Fintech and Banks?
Peter Daisyme — November 21, 2018 — November 21, 2018 WorldSpectrum / Pixabay Cryptocurrency has the potential to completely change how our economy functions—and it’s already doing it. Many countries have either allowed or fully embraced cryptocurrencies like Bitcoin, the market cap for multiple cryptocurrencies has exceeded $ 1 billion, and public regard for cryptocurrencies … Continue reading The 5 Ways Banks Must Transform to Thrive in an Era of Cryptocurrency
Fred Ulrich — June 1, 2018 — June 1, 2018 The old adage “slow and steady wins the race” might be very apt for how banks have approached P2P payments. While Millennials were flocking to Venmo and the Cash App to split restaurant bills and pay one another back for other purchases, FIs were locked … Continue reading As Banks Promote Zelle, They Start Winning the P2P Race
Charles Knadler — May 29, 2018 Follow @enerbank — May 29, 2018 “The fintechecosystem that sprung up in the wake of the 2008 financial crisis has grown and matured. The early companies developing and marketing fintechapplications (fintechs) set out to disrupt or displace traditional banks. But fintechshave largely come to see banks as partners in … Continue reading Industrial Banks: What Are They and How Do They Impact the Economy?
Megan Ritter — August 26, 2017 Follow @megmarieritter — August 26, 2017 StartupStockPhotos / Pixabay Getting a business up and running normally takes a significant amount of money. Usually, it’s more than an entrepreneur can comfortably afford by themselves. In such cases, the standard course of action is to take out a loan. Banks represent … Continue reading How to Write a Business Plan Banks Can’t Resist
The increase in consumerism today has made the common man or the average earner to spend more than what he used to. This resulted in more people getting in to debts and credit card scams. Many people today are suffering from huge loans that they have taken from the banks and are finding it difficult … Continue reading Personal Finance Management Tips
