Banking

Image for Trends in Consumer Banking: What’s Next?

Banking

Trends in Consumer Banking: What’s Next?

Image for Bridging the AI Divide: How Banks Can Responsibly Adopt Large Language Models (LLMs)

Banking

Bridging the AI Divide: How Banks Can Responsibly Adopt Large Language Models (LLMs)

Image for Less than two-thirds of banking leaders consider their people when making organisational changes

Banking

Less Than Two-Thirds of Banking Leaders Consider Their People When Making Organisational Changes

Image for AI-Powered decision-making is transforming how small businesses choose banks

Banking

AI-Powered Decision-Making Is Transforming How Small Businesses Choose Banks

Image for Open banking must step up its fraud prevention

Open Banking Must Step up Its Fraud Prevention

Date: January 26, 2024

Open banking must step up its fraud prevention Tareq Shaheen, Director of Payment Solutions at Eastnets discusses how the recent EU payment legislation proposals impact the open banking market. Through open banking, the European Union continues to embrace its interconnected financial ecosystem; connecting, collaborating and sharing customer data instantly. Yet, the risk of fraud looms...

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How Does the Bank Make a Profit?

Date: January 22, 2024

How does the bank make a profit? In the complex landscape of finance, banks play a pivotal role in facilitating economic growth by providing a multitude of services. However, have you ever wondered how these financial institutions actually make a profit? In this comprehensive guide, we’ll delve into the intricacies of the banking industry, exploring...

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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...

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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...

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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...

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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...