The Amazon rainforest is one of Earth’s most valuable natural resources, but recently, it has been under intensifying attack from ranchers, miners and wood harvesters intent on exploiting the region, aided by the current presidential administration. Foreign investors can either run the other way or take a stand and be part of the solution.
Corporate-banking customers have been slower than consumer-banking clients to jump on the digital bandwagon but are on it now, searching for single-source solutions to meet all their product and service needs under one digital umbrella. Both traditional and challenger banks are in the race to fulfill this quest, but which will prevail?
The pandemic has tested the resilience of every industry worldwide, including real estate. In Milan, higher-end properties have fared well, with demand outstripping supply. This historic city, a mixture of ancient and modern, is set to continue to excel and draw people from around the world seeking reasonably priced luxury properties.
Although female-led businesses have proven to be a good investment, you’d never know it by looking at the asset mix of fund managers worldwide. The financial world still suffers from a dearth of women investment decision-makers and women investees. The argument for gender-balanced investing speaks for itself—to those willing to listen.
The Covid-19 pandemic has impacted all the economies, big or small, across the globe. Central banks everywhere have been proactively dealing with the situation and have successfully pushed a large amount of liquidity to the banks through various means. However, due to widespread uncertainty caused by the pandemic, banks are reluctant to lend, and consumers are hesitant to avail credit. This article highlights the adverse impact that surplus liquidity may have on the banks and economies if adequate demand is not created.
Has digitization put the bank branch and cash on the extinction list? Not while consumers still demand them. To prosper today and in the future, banks will need to snatch the opportunities digital transformation offers them. Digitization is not a threat but a promise for better customer service that meets consumers where they are.
It’s human nature to want to make the most of previous investments, even when they lack positive value in the present. Known as the sunk cost fallacy, it is prevalent in everything from wars to investment choices. How do we break free of the tendency to sink more money into a lost cause and channel it into something worthwhile instead?
Digital payments promise greater convenience and efficiency with lower cost but also carry substantial potential risk to the economy at large. The long-term success of this innovation will depend on the development of a top-down, holistic regulatory framework to securely govern digital payments, maximizing benefits while minimizing risks.
Financial services will always be a target for hackers seeking to gain their hands on lucrative assets. But as the sector continues to digitise, organisations risk increasing the number of entry points for increasingly sophisticated cyber criminals to take advantage.A growing cause for concern is the rise in ‘Shadow IT’, as the adoption of cloud-based services increases.
Repurpose Digital Transformation: It’s Not Just about the Technology, but the People We Serve and Lead
The pandemic has ignited banks’ digital transformations and stressed People as our key priority. Leading from the heart, closing the digital-skills gap, translating corporate purpose into action, undertaking a transformation that is strategically anchored and risk-balanced and maximizing customer experience, will propel banks into a better shared future.