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UK’s Cost-of-living Crisis Puts the Spotlight on Banks to Aid Recovery
Cash is king, could Cheque be right?
Date: October 6, 2022
By Peter Thomas, Managing Director of DLRT, Part of the TALL Group of Companies. Our economy has taken some really tough hits over this past couple of years. COVID has been a defining factor in how we continue to operate and do business. We were already on the cusp of change with increased online and...
The payment industry is ideally placed to help during the cost-of-living crisis
Date: October 6, 2022
By Anjana Haines Head of Content at The Payments Association. Britain’s citizens and businesses are facing perhaps the most difficult economic conditions in living memory. Ordinary people are looking at the possibility of being over £7,000 worse off than they would be if energy costs weren’t spiralling out of control and businesses could receive energy...
Next generation credit: Gen Z’s impact on banking
Date: September 27, 2022
By Shabnam Wazed, the founder and CEO of AGAM International More than one third of the world’s population is Generation Z. To give you an idea of what this means in figures, the UK has approximately 12.6 million (19%) Gen Zers entering the workforce, whilst the world’s eighth most populated country, Bangladesh, has well over...
Closing The Financial Equity Gap: Why All Banking Should be Done in the U.S.
Date: September 26, 2022
By Sankaet Pathak, CEO & Founder, Synapse Sparked by the COVID-19 pandemic, consumer preferences for financial services around the world have seen a significant shift to digital and online. We have also seen other forms of currency, or stores of value, such as cryptocurrency and NFTs enter the mainstream. In fact, according to McKinsey, over...
Big bank CEOs to sell lawmakers on relief, diversity efforts amid economic, regulatory challenges
Date: September 20, 2022
By Pete Schroeder WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon will warn Congress of economic “storm clouds,” while Wells Fargo CEO Charles Scharf will urge patience as the bank addresses longstanding regulatory issues, according to wide-ranging prepared testimony. The heads of the nation’s seven largest banks on Wednesday and Thursday will broadly...
Faster Payments, Then & Now
Date: September 20, 2022
By Adam Steenhard, VP of Corporate Strategy, Dwolla In 2022, both consumers and businesses want immediate results when it comes to money management. While this sounds obvious, real-time money management technologies have only been utilized by the domestic economy within the last decade. It began in 2015 when companies like Dwolla proposed the concept of...