#financialservicesindustry

Inflation in the Euro Zone drops to 2.4%, Below Forecasts

According to flash data released on Thursday, annual inflation in the euro zone fell to 2.4% in November from 2.9% in October. A reading of 2.7% was anticipated by Reuters polling economists. The European Central Bank's closely watched core inflation rate,...

Federal Reserve to Launch Digital Payment System in July

The Federal Reserve of the USA is all set to launch a digital payments system in July this year. Federal Reserve promises that the digital payment system will help accelerate the way money moves around the globe. Richmond Fed President...

GitLab shares plunged 38% after software firm issues weak full-year revenue forecast

GitLab shares declined as much as 38% after the provider of source code management software issued a full-year revenue forecast for GitLab that fell short of anticipations. GitLab lost 3 cents per share in comparison to the expected loss of 14...

HSBC announced a deal to buy the UK Subsidiary of collapsed US Silicon Valley Bank

HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO...

China announces a target of 5% Growth in GDP for 2023; Shows Cautious Approach.

China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth...

Goldman CEO Says, Asset and Wealth Management will be New Growth Driver for Bank

Goldman Sachs CEO David Solomon stated that asset management and wealth management will be the growth driver of the bank. Solomon said, “The actual story of opportunity for growth for us in the coming years is around asset management and wealth...

Agile Enterprise Emphasizes Practice Over Process

Download Agile Enterprise Emphasizes Practice Over Process Whitepaper

Agility in Financial Reportng and Consolidaton

This report fnds that investment in the R2R process is patchy and uneven. The emphasis has been on the fnal mile of the reportng process, while the frst mile which includes the crucial data capture, data submission to the...

The Best Business Phone System For The Financial Services Industry

Financial advisors, planners, and associates need to be responsive and connected to keep their clients happy. Whether discussing a financial product with existing or new customers, Ooma Office helps them manage their calls better while working from anywhere and...

How-to Guide: Transforming Your Financial Services Cx With Ai

The changing state of financial services Evolution of banking Over the past decade, changing consumer behavior paired with digital transformation has reshaped the financial services industry. More consumers have shifted from in-person transactions to online or mobile banking. With emerging...
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Google paused Gemini AI Image Generator after it produced historical images that were incorrect

Google said on Thursday that it is suspending its Gemini artificial intelligence feature, which generates images because it provides...
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