The growth in online banking has been – and will continue to be – rapid. From a valuation of $11.43 billion in 2019, the projections are that it will reach $31.81 billion by 2027, at a CAGR of 13.6%. For the incumbent banking system, this rapid growth poses a real and ongoing challenge, as it
Tag: Banking
New initiative will help unbanked Black and African Americans, Hispanics, and Native Americans have easier access to low-cost banking Wells Fargo today announced the Banking Inclusion Initiative, a 10-year commitment to help unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts – a meaningful entry point to fully participating in the economy and achieving
An extract from The Banking Regulation Review, 12th Edition Introduction The Reserve Bank of India (RBI), as the central bank of the country, was set up in April 1935 on the basis of the recommendations of the Hilton Young Commission, under the aegis of the Reserve Bank of India Act 1934 (the RBI Act). Since
The words “open” and “banking” have developed a specific association in recent years. It won’t be long, however, before we drop the “open” in open banking as something inherent, in the same way that “digital” is becoming largely unnecessary in “digital banking” now. Whatever terms you choose to describe what’s happening, the banking sector is
Subscribe to The Financial Brand via email for FREE! Autonomous finance, or as some say, “self-driving” finance, can be designed and trained to perform many financial tasks from automating savings to running a personal stock portfolio to providing spending alerts and budgeting advice. It’s being used by both fintech startups and traditional banking institutions.
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