The banking industry is not only one of the cornerstones of the global economy, it is firmly entrenched in nearly every aspect of our professional and personal lives. The financial transactions that constitute banking have been around for hundreds of years, contributing to the somewhat lackluster reputation of the industry. In recent years, however, deregulation and technological developments have brought notable changes that will help banks meet 21st century challenges in variable economic times. As other types of companies enter the financial services business, banks have also improved and expanded their suite of products and solutions to maintain their market share. The role of government, more prominent in banking than perhaps any other type of business, will continue to be critical in shaping the industry’s future.
FinTech Blockchain Market Booms: US$ 325.6 Billion Revenue
According to the findings of Market.us, The Global FinTech Blockchain Market is set for remarkable growth, projected to surge from… Read More
DIGITIZATION’S NEXT FRONTIER: NON-FUNGIBLE TOKENS ARE A GAME CHANGER FOR TRADE FINANCE
Trade finance is known for its stubbornness in the face of change. Even as the world has gone digital, paper-based… Read More
DeFi World has a new star called DAO
As financial markets wrap up the year 2021 and launch into 2022 at warp speed, the “DeFi” world has a… Read More
Check use drops, but still plenty of room for efficiency gains
AFP, the Association for Financial Professionals released the 2022 Payments Cost Benchmarking Survey underwritten by Corpay. The survey looks at external… Read More
Fintech Market to Reach $324 billion in 2026
U+ today released “The State of Fintech 2022,” a report that analyzes disruptive fintech trends and industry projections including banking,… Read More
Here are the Top Tips for Preventing ACH Credit Fraud
Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay… Read More
9 Ways to Improve your Cash Management Systems
Cash management is always important, but it’s certainly gotten a lot more attention in the past 18 months. The COVID-19… Read More
How Executives Can Increase Their Company’s Financial Efficiency
As the world becomes increasingly interconnected, opportunities for logistic companies expand. While this is good news, it also means competition… Read More
ITFA Takes A Harmonized Step Towards Trade Credit Insurance
The ITFA (International Trade and Forfaiting Association) recently released a new initiative in the form of a Basel III-compliant trade… Read More
How Streamlining Payments Helps Build Vendor Relationships
I’d like to dispel some common misconceptions about B2B payments. First, the misconception that vendors don’t want to be paid… Read More
Central Banks to Adopt Their Own Digital Currencies to Eliminate Potential Risks
Digital currencies backed by central banks, or central bank digital currencies (CBDCs), are becoming a reality for residents in a… Read More
Should Five Percent Appear Too Small? The Penny Lane of E-commerce.
Benjamin Franklin may not have predicted the internet, but he got it right (inspired by Christopher Bullock’s 1716 insights) when… Read More
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