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.
Please note: Vocabulary in the payment automation world varies. While customers (i.e., clients, buyers) and their suppliers (i.e., vendors, beneficiaries,… Read More
Cryptocurrency is at the precipice of ushering in the next era of finance. However, in order to be regarded as… Read More
In a whitepaper released last year, the International Chamber of Commerce (ICC) urged the trade finance industry to work together… Read More
What I’ve learned working in sales for a bank and two financial tech companies is that when it comes to… Read More
Whether you are initiating electronic international payments through a fintech solution or buying physical currency, the chances are high that a bank will… Read More
Credit card, direct deposit, check, cash, e-pay… making domestic payments is a breeze these days, with enough flexibility to offer… Read More
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