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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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Prioritizing Financial Wellness Now Makes for a Brighter Future

Business and Tech

That’s why a new survey from CIT Bank (Member FDIC) conducted by The Harris Poll is so encouraging. Developing healthy savings habits has always been an important part of cultivating overall financial wellness,” notes Ravi Kumar, Head of CIT’s direct bank. The power of savings.

Survey 246
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Nobody should be forced to work until they collapse

Idea to Value

I just read the results of a survey which genuinely shocked me. First year analysts at Investment Banking firm Goldman Sachs have been sending around the results of an internal survey which shows that they are being forced to work an average of 95 hours per week. 95 hours is also the estimated average.

Survey 263
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Application of advanced analytics and machine learning in the banking industry

hackerearth

Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Whether it is a bank, non-bank, or fintech, competing in the banking revolution comes down to how efficiently the available data can be used to solve business challenges and better serve the customers.

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CEOs Are Predicting a Mild Recession in the U.S.

Harvard Business Review

A recent survey of CEOs suggests that most expect a recession in the U.S. It points toward a continuation of the current tight labor market, even as the economy cools in response to the Federal Reserve’s interest rate hikes and the ongoing banking turmoil. but that it will be “short and shallow.”

Survey 89
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FinTechCube benchmark study: “Banks lack a customer focus”

etventure

What is the state of digitization in the German banking sector? In order to answer this question, FinTechCube carried out the benchmark study “Digital Transformation of Banks”. More than 30 banks and around 200 private customers were surveyed for this. Why are banks struggling so much with digitization?

Study 40
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It’s Time for True Innovation in Payments

Business and Tech

Under the status quo, banks and card networks take a percentage of each card payment, and during the pandemic, almost all retail payments were made by card. Under the status quo, banks and card networks take a percentage of each card payment, and during the pandemic, almost all retail payments were made by card.