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The state of retail banking: Profitability and growth in the era of digital and AI

McKensey

As the global macroeconomic environment remains uncertain, retail banks should focus on the fundamentals of customer primacy and margin protection while embracing digital technologies and gen AI.

Retail 145
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How banks can supercharge technology speed and productivity

McKensey

Financial institutions can unlock the productivity of their software engineering teams to significantly boost tech innovation without increasing IT budgets.

Banking 131
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These CEOs aim to make financial services more accessible to consumers

Work Life

Many of these new products, part of the broad category of financial technology, or fintech, proved to be less than consumer friendly. The other, Pagaya, was founded in 2016 and uses artificial intelligence (AI) to help banks make lending decisions. So, we said, ‘let’s partner with them.’”

Banking 118
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Here is 2024’s growing list of U.S. layoffs by sector

Work Life

Here is a snapshot of job cuts announced so far this year: Technology Amazon’s job cuts include less than 5% of employees at Buy with Prime unit, 5% at audiobook and podcast division Audible, several hundred in streaming and studio operations, 35% at streaming unit Twitch, a few hundred at healthcare units One Medical and Amazon Pharmacy.

Retail 98
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When Considering Your Investment Strategy, Keep These 3 Rules in Mind

Success

We’ve all seen the headlines: “Skateboarder Becomes Millionaire Overnight by Cashing Out Piggy Bank in Altcoin.” Particularly today, being financially savvy also requires you to be media and technologically savvy. This way you can rest comfortably knowing the bulk of your nest egg is backed by steadier asset classes. Overcome FOMO.

Retail 110
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How to navigate the seismic shifts in workplace rules and roles in 2024

Work Life

A physical, digital, and human workplace that enables the organization to enhance their customer experience usually revolves around deploying technology that gives front-line employees options, flexibility, and the power to choose where and how they want to work. Employers are split when it comes to hybrid work. Many

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The Best AI Tools for Business and Productivity in 2024

Success

Let’s face it: Technology can be your best asset or your biggest source of frustration. Done right, today’s technology can significantly increase your productivity, help you hit your goals and increase your income. As they unlock a world of convenience and efficiency, these tools invite you to embrace technology in everyday life.