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
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
What is Cryptocurrency? Is It Accepted Globally?
Money is an ancient technology and is almost as old as language itself. Back in the day, before the introduction… Read More
How to Find Your Way in the World of International Payments
Credit card, direct deposit, check, cash, e-pay… making domestic payments is a breeze these days, with enough flexibility to offer… Read More
The Chicken or the Egg: Should You Automate P2P or Payments First?
I’ve been in the P2P/payment space for over 15 years. Before that, I spent a bunch of years selling payroll… Read More
5 Companies to Consider for Supply Chain Finance
Supply chain finance is a set of technology-based business and financing processes that link the various parties in a transaction—buyer,… Read More
Getting Caught on the Backswing – Will US Sanctions Undermine the Dollar?
Since the Bretton Woods Agreement in 1944 there has been one currency that eclipses all others for international trade: the… Read More
IF DAYS COUNT, HOW ABOUT HOURS? 2019 BANKING INDUSTRY OUTLOOK
Last year got off to an energetic start. It’s been a year now and how memories can fade, but economic… Read More
Second Innovation Award Earned for Lund Boats
Fishing boat innovation and manufacturing leader, Lund Boats, took home the second award for innovation, this time for its Lund Adventure… Read More
AND THE ENVELOPES, PLEASE
What do a U.S. manufacturer, a Swedish retailer and a South African pharmacy chain all share in common? Hillenbrand (U.S.),… Read More
Banking: Seven questions to ask a prospective banker about their global capabilities
The global trade landscape is riskier now than it was a few years ago. Gone are the days before the… Read More
Canadian Bank Act Regulations Anticompetitive for Canadian Business
Since 1992, Canadian financial institutions, regulated by the Canadian Bank Act, have had the ability to recommend and promote export… Read More
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