Is China’s reign as the “factory of the world” finally starting to waver? China has been the go-to destination for global manufacturing for decades. It offered low labor costs, vast
Cloud computing is changing the way we work, but have you ever wondered what the future of finance looks like with cloud computing at its core? Cloud computing has become a critical technology in the financial sector, driving major transformations across services and operations. Over 90% of global enterprises report
Did you know you can have a robot as a financial advisor? Robo-advisors can leverage algorithms and machine learning to provide personalized investment strategies. Since their introduction in the late 2000s, they have rapidly expanded their influence, managing approximately $460 billion in assets globally by 2020. They are primarily designed
The financial sector is undergoing a big transformation, mainly driven by rapid technological advancements. In 2023, over 75% of banking customers globally are reported to use digital channels for their financial transactions, showing a significant shift from traditional banking methods. This shift is led by innovations in areas such as
What is eco-finance, and can finance truly be sustainable? This practice refers to the process of incorporating environmental, social, and governance (ESG) criteria into financial services to promote long-term economic sustainability and ethical impact. This approach aims to drive positive change by influencing corporate behaviors and fostering investment in sustainable
How can remote finance teams maintain peak productivity in an increasingly digital workforce? The key lies in specialized remote work tools that enhance both efficiency and accuracy in financial management. As per a 2022 Deloitte survey, 83% of CFOs believe that remote work tools significantly boost their teams’ productivity by
How can the insurance industry keep pace with the rapid evolution of technology and changing consumer expectations? Innovations in insurtech are not just keeping pace – they are now setting the pace, and fundamentally transforming how policies are priced, sold, and managed. The global insurtech market is projected to grow
Why do financial markets demand such rigorous regulation? Robust compliance and regulation frameworks are simply imperative for maintaining market stability and protecting consumer interests. Regulations such as the Dodd-Frank Act in the US, which increased government oversight and consumer protection after the 2008 financial crisis, and the Basel III international
Global e-commerce sales are expected to exceed $6.3 trillion in 2024, according to eMarketer – a fifth (20.1%) of total retail sales. The tech advancements in the industry, from mobile wallets to AI-driven fraud prevention, have the potential to streamline the purchasing process and significantly boost security and user satisfaction.
Mobile banking has transitioned from a novel convenience to an essential tool for daily financial management in the past decade. It profoundly influenced how consumers interact with their finances. As of 2021, data from the Federal Reserve indicates that over 80% of Americans use some form of digital banking, with
Big Data Analytics has become a cornerstone of modern finance, enabling institutions to process vast quantities of data with unprecedented speed and accuracy. In this sector, big data analytics harnesses complex algorithms and machine learning techniques to analyze patterns from diverse sources like market data, consumer behavior, and real-time transactions.
