Financial services are the backbone of the economy and data is central to its operations. In this white paper industry experts from Amazon Web Services and Tableau describe why and how financial services institutions are adopting modern cloud analytics to: Meet compliance objectives, Process data efficiently, Improve customer experience; Increase productivity, and Create new revenue
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
The Matic coin, an alternative cryptocurrency based on Ethereum, authorises the Polygon network (initially called the Matic network). It aims to provide a long-term scaling solution to issues like high transaction costs and slow speeds. The rising volume of transactions on the Ethereum blockchain has placed a significant stress on the network, causing decreased performance
Michael Barr, the Federal Reserve’s top regulatory official, said Monday the U.S. central bank is watching for any stresses to the financial system amid a weakening economy, and signaled that stiffer oversight of cryptocurrency is in the offing. The Fed “will be heightening its focus on liquidity, credit, and interest-rate risks as supervised institutions manage
Rick Castello discusses Open Banking with RETHINK Retail at the NACS Show.
The IRS states that if you work odd jobs for money, occasionally sell short stories or have both a day job and a side business, you are considered to be self-employed in the USA. Even if you occasionally declare a loss, what matters is that you operate your firm with the aim of generating a profit.
The main reason that credit cards try to lure you in with welcome bonuses, rewards, and travel perks is to improve your chances of earning interest on your credit card. Credit card interest, also known as APR, or annual percentage, can easily add up to more than late fees and annual fees combined. As a
Banks have started to send $13bn in cash backing Elon Musk’s takeover of Twitter according to people familiar with the matter, the latest sign the $44bn deal for the social-media company is on track to close by the end of the week after months of twists and turns. Musk late on 25 October sent a
The origins of blockchain technology can be traced to David Chaum, who first proposed the idea in the early 1980s. You might be most familiar with blockchain today as the home of cryptocurrencies like Bitcoin. In an effort to increase transparency, blockchain technology keeps track of all Bitcoin transactions. However, blockchain technology is not just
Customers in today’s market expect excellent delivery experiences. They aim to improve parcel movement visibility, traceability, transparency, and sustainability. In fact, if their cherished brand falls short of these expectations, customers are willing to switch to alternatives. It is obvious that a lack of visibility into supply chain operations won’t do. How then, can supply
