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
Why is the Supplier Experience Important in Payment Automation?
It’s a difficult time to be a supplier. As companies conserve cash amid difficult economic conditions, suppliers are often the… Read More
It’s Time to Revisit the Benefits of Virtual Card
In the wake of the many changes this year has brought, companies are moving toward making more of their supplier… Read More
Survey Finds Dramatic Increase in Overdue Payments in North America
Will North American businesses remain resilient in the face of COVID-19 challenges? That answer is increasingly difficult to answer in… Read More
What is the Science Behind Payment Errors?
Payment errors can happen for various reasons. The number gets transposed on a check, or a virtual card is issued… Read More
Pros and Cons of Cryptocurrencies: Ripple and Bitcoin
Lots of people have run down bitcoin, and many have claimed that cryptocurrency has had its day, but bitcoin is… Read More
Investing During a Financial Crisis
COVID-19 has had an impact on everything from our health to the way we shop and even global markets. Few… Read More
Will Consumers be in a Better Place by the End of 2020?
The pandemic unleashed a staggering one-two punch on the economy – double-digit unemployment and drastically reduced revenues for many businesses…. Read More
Blockchain and its Impact on Business Operations
When one thinks of blockchain, one thinks of cryptocurrency, but even though much of this article is dedicated to the… Read More
Increased Investment Demand in Gold in 2020
Gold is a secure and safe-haven investment. It proves to be highly profitable as it is in demand today when… Read More
How Do Electronic Payment Solutions Fulfill Supplier Needs?
Paying all your suppliers electronically makes sense—in theory. At a high level, doing so is a simple enough task—you enable… 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
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