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.
Retail Banking Market Set to Reach $3.15 Tillion by 2032 with High Growth in Large Bank Segment
The retail banking market will witness over 5% CAGR between 2023 and 2032, propelled by surging deals and sales, enticing… Read More
2020 Global Challenges for Cryptocurrency
Blockchain, Bitcoin, and Cryptocurrency are some of the terms that you must have heard at some point in your life…. Read More
CHAIRMAN REED UNDERSCORES EXIM’S SUPPORT FOR AMERICAN INNOVATION GLOBALLY TO COUNCIL ON COMPETITIVENESS
Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed participated in a Council on Competitiveness virtual… Read More
The New Business Case for a Powerful Payment Solution
Back in 2009, when my co-founders and I started Nvoicepay, there was very little technology in the market to help… Read More
3 Reasons You’re Still Manually Entering Invoices (Even with Invoice Automation)
The Accounts Payable process continues to require too much manual handling, even after decades of automation efforts. Even the best… Read More
This is How Rooted Checks are in our History
If your company makes payments, I’m willing to bet you’ve at least Googled cost-effective ways to simplify the process. Perhaps… Read More
Financial Technology Industry Poised for Growth ‘Now Now’ in Africa
MS: Let’s face it – The financial market in Nigeria is frenetic and the country’s banking regulations have a reputation… Read More
How to Make Important Adjustments to Your Payment Strategy
The first couple of weeks of sheltering in place regulations saw finance and accounts payable organizations scrambling to set up… Read More
8 Ways your AP Process Leaks Spend – and How AI can Prevent it
Today’s companies put huge efforts into negotiating the best terms with their suppliers. Procurement teams regularly spend weeks or months… Read More
A Better Payments Readiness Model for the New World
Difficult economic times are ahead. We don’t know how difficult they’ll be, or how long they’ll last, but finance teams… Read More
OUT WITH THE OLD: WHY BANKS MUST ADOPT FINANCE TECHNOLOGY TO REMAIN RELEVANT
The term “FinTech” continues to saturate the news and financial institution reporting in recent years. It’s not surprising that streamlining… Read More
The Most Important Reason to Automate Payments Now
A funny thing happened while I was writing this article. While I conversed with our editorial consultant on how to… Read More
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