Digital banking was on pace to develop slowly, mired in the shadow of classical banking. This was especially the case in many emerging markets. However, the COVID-19 pandemic has complicated …
Read More »Classic banking models no longer profitable
The landscape around the financial sector has changed drastically recently, and the relatively straightforward indicators traditionally used to assess its growth and profitability are simply no longer applicable, at least …
Read More »Infographic: COVID-19 boosting banking’s focus on digitalization
The COVID-19 pandemic has dramatically reshaped our world in only a few short months. In the world of banking, this has led to an increased focus on digitalization. This trend …
Read More »What lifestyle banking means for the future of banking
Most people today maintain an active lifestyle that is defined by a routine or set of routines. Moreover, more and more aspects of life are continuing to become part of …
Read More »Video: the state of artificial intelligence in banking
Artificial intelligence (AI) is becoming an increasingly common tool used by financial institutions across the world. Take a quick look at how they are putting AI to use, what risks …
Read More »CBDCs alone cannot solve financial inclusion problems
Financial inclusion (or the lack thereof) is an ever-present issue, even in the modern world. In fact, an estimated 1.7 billion do not have reliable access to a bank account …
Read More »Design considerations for central bank digital currencies
Central bank digital currencies (CBDCs) are being explored and, in some cases, piloted by central banks around the world. To become a contributing part of our future world however, they …
Read More »New report highlights central bank digital currencies
Deutsche Bank Wealth Management has released a new special report on central bank digital currencies (CBDCs). The report highlights how CBDCs could fundamentally change all financial relationships by, essentially, making …
Read More »Quick look at the statuses of various CBDC projects around the world
A new working paper from the Bank for International Settlements (BIS) examined the state of various central bank digital currency (CBDC) projects around the world to see what their statuses …
Read More »Central bank digital currency projects aim to complement cash, not replace it
New research recently published by the Bank for International Settlements (BIS) includes a detailed analysis of 32 various projects around the world related to the design, development and launch of …
Read More »Interest in central bank digital currencies surpasses that of Bitcoin
A new report from the Bank for International Settlements (BIS) shows that public interest behind central bank digital currencies (CBDCs) is quickly gaining traction around the world, even outpacing that …
Read More »Central Bank of Russia considering developing a digital ruble
The Central Bank of Russia has announced that it is studying the need to create a national digital currency that will circulate as legal tender alongside the ruble. Although no …
Read More »e-Hryvnia getting closer to launch
The National Bank of Ukraine (NBU) began working on the development of a digital version of its currency 4 years ago and began piloting it 2 years ago. This is …
Read More »Kazakhstan working on a digital version of its national currency
The National Bank of Kazakhstan has announced that it is working on creating a digital version of its national currency. As part of the first step towards this aim, the …
Read More »Video: central bank digital currency basics
With China set to pilot its new central bank digital currency (CBDC) in select areas across its territory, it is poised to become the first nation in the world with …
Read More »Infographic: the benefits of a central bank digital currency
The idea of developing and implementing a central bank digital currency (CBDC) is gaining traction in governments around the world. Take a quick glance of the benefits of a CBDC …
Read More »Video: Ethereal Virtual Summit 2020 discussion on central bank digital currencies
Taking place as part of Ethereal Virtual Summit 2020, Michael del Castillo of Forbes hosts an enlightening discussion on central bank digital currencies in the age of COVID-19 with guests …
Read More »Big Data in banking is becoming everything
While social media companies are great at determining what gets our attention, financial institutions know what opens our wallets. Now, Big Data offers a way to combine these two forces …
Read More »Big Data challenges and trends for the financial services industry
Big Data is one of the biggest trends happening right now in the financial services industry, with nearly every player understanding the need to leverage analytics garnered from an ever-increasing …
Read More »Big Data’s impact on finance
The financial services industry is changing at an unprecedented pace. Let’s take a quick look at the role of Big Data in this time of extraordinary change: Risk modeling and …
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