The essence of banking through ages
Banking is an ancient practice, dating back to 8000 BCE, while the banking was believed to have originated, as they lent money for framing and trading services. The concept of extending credit came into action when the banks lent seeds or the seed money as we call it, to the farmers. However, the modern banking […]
Neo Banking- Dos and Don’ts
The recent years has witnessed a major drift in the banking and financial industry with digitization and the ever growing use of the mobile technology. With the customers are also embracing the digital means of financial services by moving away from the cash handed out physically to the digital currency. They are comfortable in digital […]
Central Brazil’s coping mechanism
For their reputation for outstanding performances during the crisis, the Brazilian banks have earned the trust. With the resilience to financial crises because of capitalization level which are higher than the international average with strict controls and prudent regulations with the implementations of Basel guidelines. The characteristics seem to have developed since the late 1990s […]
The pandemic effects of European banks
Banking sector has been massively hit by the economic repercussions of the Covid-19, as have other sectors like public health. But as in the past crises like the global financial and the European debt crises, this time it did not start with the financial sector but in no time it became very clear that the […]
Job hopping and Retirement plans
Spending lesser than two years in a single position is called as Job hopping, this can be a very controversial subject. This can lead the way for a higher salary but at the same time it can also be a red flag to potential employers. And not to forget, the future financial goals if the […]
Asia Pacific Banks set on financial recovery
World Bank Prospects Group Director Ayhan Kose described the world recession plunged by the Covid crisis as “singular in many respects and is likely to be the deepest one in advanced economies since the Second World War and the first output contraction in emerging and developing economies in at least the past six decades”. After […]
Automation process is the new normal
The ongoing slowdown in global trade intensified by the US – China trade tension. It reduced the transaction volume and increased the competition and battered margins in the trade finance business. This situation may have unintentionally accelerated banks’ quest to reduce costs and improve profitability. There was a growing demand for shorter processing the time […]
Banking dividends to curb
Regulators around the world have been very keen in keeping the global financial systems functioning as effectively as possible, with the world being in very disturbed conditions due to the pandemic which has decimated the Global economy over the past few months. Many measures were implemented to ensure the ongoing system doesn’t hit the bottom […]
Data management- Key to digital banking!
Mobile banking was predicted to overtake high street branch visits within two years, way before the Covid struck our lives. The restrictions placed in our daily lives to get the hold of the pandemic proved to be acting as a catalyst in fastening the adoption and recovery. Even though they discovered unnecessary visits the banks […]
New heroes- Retail banks!
Grappling with the aftermath of the 2008 financial crisis the retail-banking sector has weathered many storms in recent years along with the impact of digitization and competition from digital challengers. COVID-19 being the disruptor-in-chief, banks now have to be bold and innovative to transform the material threat it will face and turn it into an opportunity […]