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
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
How to Support AR with Electronic Payments
Plenty of arguments exist against using paper checks in business, primarily due to the burden they put on accounts payable… Read More
How to Create an Enduring Workflow for AR
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’s Necessary and Inevitable Evolution
Cryptocurrency is at the precipice of ushering in the next era of finance. However, in order to be regarded as… Read More
Industry Advocacy Required to Enable Trade Finance Market Access and Growth
In a whitepaper released last year, the International Chamber of Commerce (ICC) urged the trade finance industry to work together… Read More
How to Take Charge of your Cash Flow
Small business owners in nearly every industry struggle with cash flow and how to best utilize their working capital. Nearly… Read More
Commerce, Currency, and Credit —and What’s Next
The notions of commerce, currency, and credit are nothing new. For centuries, we’ve found ways to barter, borrow, and repay… Read More
The Silver Lining of the Baltic Banking Crisis
The continuing revelations as to the extent of money laundered through Baltic banking systems, most notably the dramatic accusations against… Read More
The Surprisingly Long Life of Wire Technology
Those of us in dynamic, fast-paced industries have gotten used to keeping our eyes trained forward. We’re always exploring innovations—ways… Read More
How to Make the Case for Optimizing Invoice Payments
What I’ve learned working in sales for a bank and two financial tech companies is that when it comes to… Read More
Connecting the World: The Importance of Intermediary Banks
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
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