McKensey

MARCH 22, 2024

As banks race to deploy gen AI, the right operating model can help unlock its potential. Generative AI is transforming financial services, offering opportunities for efficiency and innovation.

Banking 145

Banking 145

McKensey

FEBRUARY 28, 2024

Banks can consider seven steps to help them retain and strengthen deposits as interest rates stay elevated and corporate clients seek better deals.

Banking 124

Banking 124

McKensey

OCTOBER 23, 2024

Investors, boards, and management teams are looking for banks to demonstrate differential value from technology. Our research provides a framework to link technology investments to value creation.

Banking 136

Banking Technology 136

McKensey

OCTOBER 10, 2024

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

Retail Banking Technology 145

McKensey

DECEMBER 9, 2024

To gain material value from AI, banks need to move beyond experimentation to transform critical business areas, including by reimagining complex workflows with multiagent systems.

Banking 110

Banking 110

McKensey

JUNE 4, 2024

Five levers can help banks set themselves on a course to more proactive and effective interest rate risk management.

Banking 132

Banking 132

McKensey

JANUARY 11, 2024

There have been challenges, sure, but the past 18 months have actually been relatively positive for global banks. What can they do to build on this momentum?

Banking 110

Banking 110

McKensey

DECEMBER 18, 2023

Macroeconomic, technological, regulatory, market structure, and product changes mean corporate and investment banks must take new approaches to tackling the opportunities and challenges ahead.

Banking 144

Banking Technology Finance 144

McKensey

MARCH 26, 2024

Mock exams can serve as a key component in preparing for bank regulatory reviews and a catalyst in driving greater synchronization of business objectives and risk management.

Banking 125

Banking 125

McKensey

JANUARY 9, 2024

As US regulators consider a decision on open banking, account-to-account (A2A) payments face challenges in a card-dominated market but also have some promising use cases.

Banking 133

Banking 133

Office Snapshots

JULY 17, 2024

The Sunrise Bank Orlando Headquarters renovation transformed a long-vacant, mold-infested basement space into a vibrant hub of high-end corporate offices, featuring 15 executive offices, support staff facilities, and a board meeting and event space.

Banking 97

Banking Consulting Networking Technology 97

Office Snapshots

AUGUST 22, 2024

office for a Ukrainian bank in Kyiv, focusing on creating a co-working community. Design : Mira Architects Photography : Maksim Vahtbovych The post Ukrainian Bank Offices – Kyiv appeared first on Office Snapshots. A new trend of hybrid work and horizontal management style also came to the offices. We redesigned a 3,780 sq.m.

Banking 97

Banking Flexibility Flexibility Planning 97

Spiceworks

JUNE 28, 2024

Earlier this week, the notorious ransomware group LockBit claimed it had stolen 33 terabytes of sensitive banking information from the US Federal Reserve. The post LockBit Claims Stealing 33TB Banking Information From the US Federal Reserve, Claims Proven False appeared first on Spiceworks Inc. Learn more about the incident.

Banking 117

Banking Learning 117

Spiceworks

DECEMBER 22, 2023

The post More Than 40 Banks Worldwide Hit by Malware Campaign appeared first on Spiceworks. IBM’s security team first detected the malware campaign in March 2023.

Banking 110

Banking Security 110

Office Snapshots

OCTOBER 11, 2024

This new office allows Old National Bank to continue its commitment to exceeding client expectations and strengthening and supporting the communities the company calls home. Added security features include three layers of access control and a layout with built-in security measures like secured offices and open sightlines.

Banking 98

Banking Security Construction Controlling 98

Work Life

APRIL 21, 2024

and my bank took another three bucks. But just because banking fees can eat up your money doesn’t mean you have to accept it. Here’s how you can lower your banking costs. charged by your bank. This just means that it’s more expensive for banks to operate and maintain them. banking industry.

Banking 98

Banking Maintenance Customer Service Purchasing 98

McKensey

AUGUST 6, 2024

Strong client relationships and innovative pricing can position banks for success. After a tough 2022 and 2023, commercial deposits are expected to rise up to 4 percent a year for the next few years.

Banking 102

Banking 102

Office Snapshots

SEPTEMBER 2, 2024

Design : Trend Group Furniture : Design Colab Photography : Sarah De Pina The post Private Banking Client Offices – Pretoria appeared first on Office Snapshots. The project met all of the client’s objectives, providing a space that not only adhered to stringent environmental standards but also embodied their mission and values.

Banking 97

Banking 97

Work Life

MAY 15, 2024

The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job. In response to a question posed by Reuters, Walters said Lukenas, a U.S.

Banking 98

Banking Interviewing Reporting 98

McKensey

MARCH 1, 2024

In the next five years, generative AI could fundamentally change financial institutions’ risk management by automating, accelerating, and enhancing everything from compliance to climate risk control.

Banking 145

Banking Controlling 145

BMT Office Administration

JUNE 26, 2023

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). That trend continued in 2021, with only 34% of small businesses applying for bank loans. The biggest perk is that the bank has no say in how you run your company.

Finance 264

Finance Banking Real Estate Small Business 264

McKensey

NOVEMBER 6, 2024

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

Banking 128

Banking Technology Software Retail 128

McKensey

DECEMBER 5, 2023

Setting up gen AI pilots is easy; scaling them to capture material value is hard. A recipe for success is emerging.

Banking 145

Banking 145

McKensey

JULY 16, 2024

Nature-related risks are impacting Africa’s natural ecosystems and economy. An enabling environment could accelerate action from Africa’s private financial sector to manage risks and opportunities.

Banking 130

Banking 130

Spiceworks

JUNE 14, 2024

Wells Fargo, one of the largest banks in the U.S., fired over a dozen employees after investigating claims that they simulated keyboard activity and gave an impression of active work. Learn more about it here. The post Wells Fargo Fires Over a Dozen Employees for Simulating Keyboard Activity appeared first on Spiceworks Inc.

Banking 205

Banking Learning 205

Spiceworks

FEBRUARY 14, 2024

A Bank of America vendor suffered a data breach in November last year wherein the threat actors compromised tens of thousands of customers. The incident, which came to light recently, underlines the necessity of conducting the appropriate security checks while dealing with third parties.

Banking 203

Banking Security 203

Spiceworks

NOVEMBER 10, 2023

The Chinese state-owned bank is the third-largest bank in the world by market capitalization. The post China’s Largest Commercial Lender Targeted in Ransomware Attack appeared first on Spiceworks.

Banking 177

Banking 177

McKensey

OCTOBER 21, 2024

Emirates NBD partnered with McKinsey to identify growth opportunities and expand its talent—becoming an AI and advanced-analytics-driven bank.

Banking 72

Banking 72

Spiceworks

NOVEMBER 14, 2023

Learn how AI-driven tactics are reshaping financial security, protecting banks and customers alike. The post The Global Scampocalypse – Fraud Rules the Day appeared first on Spiceworks.

Banking 197

Banking Security Learning 197

Insperity

AUGUST 3, 2021

It is not the style of clothes one wears, neither the kind of automobile one drives, nor the amount of money one has in the bank that counts. . > Related blog: How to build a successful team: Here’s the essential steps. “It These mean nothing. It is simply service that measures success.”. George Washington Carver. >

Leadership 348

Leadership Teamwork Customer Service Coaching 348

BMT Office Administration

JUNE 28, 2024

Direct Deposit and Paycards: Encourage teens to open bank accounts for direct deposit but be sure to obtain consent if using paycards. Note that teens can seek assistance from their parents if needed. Tax Returns: Inform teens that they may need to file federal and state income tax returns the following year.

Legal 244

Legal Payroll Security Banking 244

McKensey

AUGUST 23, 2024

The economy remains resilient, but data signals a deceleration; China followed earlier moves by the Central Bank of Brazil, and the European Central Bank by easing monetary policy, cutting rates twice in a month.

Banking 142

Banking Finance 142

Insperity

FEBRUARY 11, 2021

In addition to obtaining deduction information and classification, to add employees to a payroll provider’s system, you’ll likely need: Your employees’ names, addresses and social security numbers Employees’ bank account information (for direct deposit) Your payroll register (if acquiring an existing business with payroll history).

Payroll 260

Payroll Government Banking Insurance 260

McKensey

DECEMBER 12, 2024

The CEO and co-founder of the embedded-finance company Alviere discusses the opportunity in enabling brands to offer their customers financial services.

Banking 59

Banking Finance Technology 59

McKensey

JANUARY 25, 2024

Banks that invest in a modern operating model can win customers in this growing market. Inefficiencies and costly errors continue to plague syndicated-loan operations.

Banking 129

Banking 129

BMT Office Administration

AUGUST 4, 2023

You send the payroll file to your bank a few days before payday and your bank sends files through the ACH network to employees’ banks. It takes some time for the funds to settle, although employees’ net pay usually hits their bank accounts two days before payday. You get your file to your bank by 2:45 p.m.

Payroll 130

Payroll Banking Networking 130

Spiceworks

DECEMBER 13, 2023

Toyota customers’ full names, addresses, lease-purchase info, International Bank Account Numbers (IBAN) and contract information were impacted. The post Toyota Confirms Personal and Financial Data Stolen in Nov Ransomware Attack appeared first on Spiceworks.

Banking 163

Banking Purchasing 163