Depending on how much debt you have, 2023 could be the year you write off or significantly reduce those financial obligations. Either way, you can end the year on a stronger financial footing. No trick will do the job on its own, but organizing ideas can reduce debt dramatically. 1. Review your monthly budget Go
What is Finance & Development? F&D is the most-read magazine of the IMF. It focuses on issues related to macroeconomics, development and finance. It is editorially independent and has been authored both within and outside the Foundation. Articles are published online throughout the year, and a subset of articles appear in our quarterly print edition
Finance is the central principle of business and the pillar on which any successful business is built. After all, the goal of capitalism is to create organizations that not only do something useful but ultimately monetize their plans and deliver shareholder value. Many economic ideas exist to help businesses start, grow, measure themselves, and manage
The future of finance could be better if it was accessible to the majority of society. Broad-based financial inclusion is the enabler of Sustainable Development Goals, and achieving that goal is of paramount importance today. Digitization spans the globe across different industries and verticals. The financial sector is no exception. We are rapidly moving towards
Positive news, yes? Actually, no. The percentage of after-tax income that consumers save personally is known as the personal savings rate. The increment’s 1% increase is an issue. Among 100 people, none spend. Because they may only purchase in certain quantities, they “save.” Their after-tax income that hasn’t been spent rises along with their income.
July 6-9, 2023, Shanghai, China
July 6-9, 2023, Shanghai, China The China International Conference in Finance (CICF) provides an open platform that brings worldwide scholars together to present current research and stimulate new development in finance. CICF presented its first conference in 2002. Over the years, CICF has grown to be one of the leading finance research conferences in the
Companies in the financial sector can leverage artificial intelligence to analyze and manage data from multiple sources to provide valuable insights. These innovative results help banks overcome the challenges they face on a daily basis while providing day-to-day services such as loan management or payment processing. Let’s now look at some AI-driven FinTech innovation use
In today’s tough economic climate, it is certain that clients are looking for ways to minimize their costs whenever possible in the face of the increasing cost of living. Banks have a key role to play in supporting consumers and especially the most vulnerable who are struggling to pay for basic necessities like rent, energy
Financial institutions and entrepreneurs have a complicated historical relationship. Entrepreneurs need the means to finance their businesses and stay afloat, which means they rely on banks for everything from business loans to checking accounts. And banks need entrepreneurs too. Without small businesses driving the economy, there’s not many banks can do. This (sometimes reluctant) codependency
Fintech and banks are not always the most comfortable partners, banks see banks as a digital threat to their business. This has created a “fear” among banks that fintechs are willing to beat them at their own game, as they serve customers in a way that banks may not, and fintechs too. tend to be
Banks and credit unions need to start planning for the difficult economic situation that lies ahead. Due to the greater availability of cash, growing inflation and interest rates, the number of available positions, and pay inflation, this upcoming recession will be very different from the one that occurred in 2008. However, banks and credit unions
Rick Castello discusses Open Banking with RETHINK Retail at the NACS Show.
