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How Banks Can Stay Resilient As AI Becomes More Disruptive

Harvard Business Review

The second is a massive migration of tech talent from big finance to big tech. The third is an increased appetite by big tech companies to enter industries like big finance. But right now, there are three forces converging that might transform finance and other industries. The first is the explosive growth of AI.

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Rocket Loans: How Personal Loans Can Be a Valuable Financial Tool

Business and Tech

Personal loans are rising in popularity due to their ease and convenience — here’s what you need to know. Personal loans are unsecured—you can use them for just about anything,” notes Todd Lunsford, president of Fin-tech company Rocket Loans. Personal loan basics. “In Personal loan benefits.

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Employers: Help Your Workers Reduce Stress With Financial Wellness Education

Business and Tech

A recent Mental Wealth survey by Laurel Road, KeyBank’s digital banking platform for healthcare and business professionals, found that 72% of Americans under the age of 40 — Millennials and Gen Z — say managing their finances is a strain on their mental health.

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COVID-19: The digital transformation catalyst of banking business models

The BMI Lab Blog

The banking industry faces change, probably in a never known pace and relevance than before. Although COVID-19 had a positive impact on some banks due to a high increase in asset trading volumes and associated commissions, it also acts as a transformation catalyst. The trend towards a hybrid banking customer is continuing.

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Change the Bank: banking industry rules are changing

mjvinnovation

We have already mentioned the importance of the cycle of Run the Bank to Change of Bank and how urgent it is to monitor these transitions to remain competitive. Open Banking is a game-changer that alters the entire configuration of the banking sector. Why then, is there still resistance to Changing the Bank?

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New Business Designs can be delivered through a Business Ecosystem Approach.

Paul Hobcraft

When looking at radically different thinking and design in business, where Ecosystems become central, you need to ask yourself what industries would benefit from such an alternative design and thinking due to the changing complexities and challenges they are facing. Manufacturing: Challenges: Industry 4.0

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The Reason Why Tenant Credit Scores Are Higher Than Ever

Business and Tech

Consumer debt levels also dipped as consumers began spending more conservatively due to reduced income, fewer opportunities to spend during lockdown, and uncertainty. On top of that, credit reports have never included income or bank account balances, two factors that are crucial in determining if the tenant can afford your rent.