At the turn of the millennium, payments were among the less appealing departments aspiring young bankers could stive for: standard procedures, steady income and comparatively low risks are attributes in demand today but were considered boring back then. Two financial crises and a gigantic technology leap later, and payments has become a hotly contested market where brands

Despite billions of dollars spent on technology initiatives each year, few banks have done a successful company-wide AI implementation due to certain challenges. Pritham highlights areas of banking that have been impacted by AI and provides strategies that the industry’s director-level leaders can use to continue to implement AI.

Data is the fuel that keeps every business running, but using it in an optimally efficient manner is a goal that is often difficult to achieve. Data fabric is one of the most exciting data-management tools emerging today, promising to help firms make their data work for them by consolidating it so that it is easier to manage and maximize.

In a move that has led to interest rates reaching their highest level in 13 years, in late June the Bank of England (BoE) opted to hike interest rates by 25 basis points to counteract soaring inflation – itself, the highest in 40 years. Such inflationary pressures are unforgiving for consumers, with prices skyrocketing in every essential category.