#financialservicesindustry
Interest Rates and Wealth Management
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,...
Interest Rates and Wealth Management
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...
Virtual Currency
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...
IT and Fintech
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...
News
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...
IT and Fintech
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...
Financial Services Industry
Agile Enterprise Emphasizes Practice Over Process
Download Agile Enterprise Emphasizes Practice Over Process Whitepaper
Financial Services Industry
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...
Financial Services Industry
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...
Financial Services Industry
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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Latest News
Key Fed inflation increased by 0.4% in January, up 2.8% from a year ago
Inflation increased in January as expected, according to a key indicator the Federal Reserve uses when deciding whether to...
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