banking
Banking
Less than two-thirds of banking leaders consider their people when making organisational changes
Banking
AI-Powered decision-making is transforming how small businesses choose banks
Banking
Open banking must step up its fraud prevention
Banking
How does the bank make a profit?
How Credit Unions Can Attract Younger Members
Date: January 8, 2024
How Credit Unions Can Attract Younger Members In times dominated by rapid change and technology, credit unions face a common challenge in bringing younger generations on board. These institutions need to find adapting ways to appeal to the millennials. Knowing the mindset and preferences of the Gen Z demographic will make it easier to attract...
5 Ways Banks Can Protect Their Clients from Fraudsters
Date: January 8, 2024
5 Ways Banks Can Protect Their Clients from Fraudsters As the digital world becomes more advanced, so do cyber crimes. Financial institutions must always stay one step ahead of hackers by ensuring excellent security measures. Have sound plans for eliminating vulnerabilities that prevent data breaches from securing your client’s assets. This blog post shares five...
How does fractional reserve banking grow the economy?
Date: January 3, 2024
How does fractional reserve banking grow the economy? Fractional Reserve Banking (FRB) is a cornerstone of modern economies, playing a pivotal role in facilitating economic growth and development. This banking system empowers financial institutions to leverage their assets, create credit, and stimulate economic activity. In this article, we’ll explore the mechanics of fractional reserve banking...
Strategies for banking automation: A roadmap to optimal implementation
Date: January 2, 2024
Strategies for banking automation: A roadmap to optimal implementation By Chris Tapley, VP, Financial Services Consulting at EPAM Systems, Inc. The recent excitement and growth around ChatGPT and similar large language model-based (LLMs) tools will fundamentally change how everyday customers interact with banks and other financial services providers. According to recent research, 85 percent of...
Royal Bank of Canada gets nod for $10 billion purchase of HSBC unit
Date: December 22, 2023
Royal Bank of Canada gets nod for $10 billion purchase of HSBC unit By Nivedita Balu (Reuters) – Canada on Thursday approved Royal Bank of Canada’s C$13.5 billion dollars ($10.2 billion) acquisition of HSBC’s domestic unit, in a deal that would further tighten the country’s top lenders’ grip on the market. The deal is conditional...
The bank of the future
Date: December 19, 2023
The bank of the future By Nanda Kumar, CEO, SunTec Business Solutions Humans have always pushed boundaries. From searching for new worlds in the 15th century to exploring new planets today, the human race is constantly seeking change and innovation – and that’s no different in the banking world. Powered by the rapid development of...