Banking dates back to the Mesopotamian era (i.e., 8000–2000 B.C.) when Babylonians depositing gold had to pay as much as one-sixtieth of the total deposited. In fact, the code commissioned by Hammurabi, king of Babylon c. 1792–1750 BCE, stipulated in several laws how citizens were to conduct their banking activities (i.e., loans, repayment, deposits, etc.). Today, […]<
In the last few years, digital banking has become increasingly popular due to the convenience it offers consumers. It allows you to access your financial information and perform various transactions anytime, anywhere, saving you the hassle of visiting a branch and waiting in long queues. Digital Banking’s Various Uses Digital banking refers to the use […]
For roughly 30 years Federal Reserve policymakers and other central bankers enjoyed a world where market interest rates were falling, inflation was low, globalization effectively expanded the supply of labor, and, at the margin, markets for goods and services were becoming more open and stable. Those trends have now been challenged if not upended altogether […]
Options traders are bracing for volatility in U.S. bank shares days ahead of an earnings season many believe will bring lower profits and reflect worries over an expected recession. Current market positioning signals a gloomy outlook: The one-month moving average of open puts on the Financial Select Sector SPDR Fund, the largest financials ETF with […]
Crypto can enable financial inclusion and economic empowerment across the globe in many areas where financial services are either lacking or even corrupted. Users of crypto can bypass some international and banking restrictions and even have an alternative to storing and saving money. As it stands today, crypto is the wild west. However, large global […]
A month into India’s pilot project for using an official digital rupee for inter-bank and institutional transactions, stakeholders are seeing no benefits, several bankers said. Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with. The RBI […]
Shares in Japan’s SoftBank Group Corp plunged on Monday after the company reported a heavy loss at its Vision Fund investment arm for a third consecutive quarter. The shares sank 13 percent in early afternoon trade – heading for their biggest one-day loss in more than two and a half years. Analysts said, however, that […]
The development of technology has created various new businesses and transformed many industries, but Financial Technology (FinTech) is one in particular that has distinguished itself. The FinTech landscape is a burgeoning economic sector made up of businesses that employ technology to improve the efficiency of financial services. Both recent graduates and seasoned professionals can find lots […]
Over recent years, many events have led data privacy to become a priority topic to discuss. Data security has become a significant concern in the financial sector, especially with the dynamic client needs. Banks, by nature, manage extremely sensitive customer data at massive volumes. Any data breach can prove fatal to a bank’s reputation and […]
The world of finances has seen a technological overhaul. Modern problems require modern solutions. A cloud bank is the updated solution to a chronic problem of what to do with your financial assets, an age-old matter you need to settle down as soon as you strive for financial independence. At this point, it is not […]
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