US Economic Indicators Positive Retail Sales Data In an unexpected development that may shift monetary policy outlooks, the US economy appears more robust than previously thought, as reflected by a stronger dollar following recent data releases. Notably, retail sales for February significantly
PNC Bank has made a strategic move in reinforcing its corporate division by appointing Michael Thomas as the new leader of its Corporate & Institutional Banking (C&IB) segment. With a rich background of almost 30 years at PNC, Thomas is an experienced force well-equipped for steering the bank
In the swiftly evolving landscape of retail banking, the emergence of generative AI is marking a new epoch that sways the fulcrum of innovation toward intelligent automation and algorithmic problem-solving. The 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking
British banking giant Standard Chartered is undergoing a substantial reorganization in the wake of its investment banking head's exit. This strategic pivot seeks to address the evolving needs of the financial sector, which is currently experiencing changes due to increased competition and a
Generative AI: Recognition vs. Readiness The banking industry has long been at the forefront of technological advancement, yet the Capgemini Research Institute's recent report paints a stark contrast between the acknowledgment of generative AI and its integration in retail banking. While a mere 10%
Disruption in Banking Services Temporary Suspension of Operations In a bold move, the fintech sector is experiencing a pivotal shift as Oxygen, a neobank hailing from San Francisco, pivots from its original mission. Initially catering to a broad client base, including consumers and small
