The use of AI in the payments industry is not a new phenomenon. In fact, Accenture’s recent Payments Technology Reinvention Study shows that leading banks are already investing significantly in AI and generative AI and have managed to automate 40% of manual tasks in their payments business. Advancements in speech recognition, image generation and machine … Read more
With the growth-inflation dynamics opening up policy space to support growth, the MPC had reduced the policy repo rate by 25 bps to 6.25 per cent in February 2025 and by another 25 bps to 6.00 per cent in April 2025 | Photo Credit: Prakash Bharti Government Securities (G-Secs) yields rose 3-4 basis points on … Read more
Wells Fargo has decided to exit its industry-leading position in the rail equipment leasing market, agreeing to sell its portfolio of railcars to a new joint venture for $4.4 billion. The joint venture between GATX Corp. and Brookfield Infrastructure is financing a portion of the transaction with debt — namely a $3.2 billion term loan … Read more
Meet our North Conway team, a group of local experts dedicated to understanding the banking needs of the Greater Mount Washington Valley region. – Susan Perry, Senior Vice President, Commercial Loan Officer – Will Perez-Moya, Branch Manager – Kathy Sanderson, Sr. Residential Mortgage Loan Originator (NMLS 409084) – Thomas Rubino, Universal Banker 1 We asked our … Read more
Marcus Buckmann, Galina Potjagailo and Philip Schnattinger Disentangling the sources of high inflation, exceeding inflation targets in the post- pandemic period, has been a priority for monetary policy makers. We use machine learning for this task – a boosted decision tree model that fits non-linear associations between many indicators and inflation. We add economic interpretability … Read more
Indeed today did have special meaning. While the origins may have been from American politics, the reality is Canada does have a unique personality that is based on the British parliamentary system, whereas American is more akin to the French republic. Republics are driven by personality, while Canada and the British parliamentarian system is … Read more
Summary Dieterich Bank helps Illinois businesses streamline finances with fraud prevention, payment solutions, receivables management, and liquidity tools, backed by expert support. Dieterich Bank’s Treasury Solutions Advanced fraud prevention tools to safeguard your business. Simplified payment solutions for secure and efficient transactions. Receivable solutions to improve cash flow and reduce errors. Liquidity management tools for … Read more
Is it better to foreclose your personal loan account? Or is it better if you leave it as it is and wait for its tenor to be over? It’s natural that all of us want to have a debt-free life without worrying much about the payment obligations such as EMIs, you know! The sooner you … Read more
Despite significant investments in cybersecurity, customers lack trust in the banking system’s ability to protect their data. “Trust is the bedrock of business. It transforms transactions into relationships and clients into loyal advocates.” According to Accenture’s recent Banking Consumer Study surveying 49,000 respondents across 39 countries, 58% of banking customers are concerned about the security … Read more
A flexi at SBI’s Home Loan Centre at Himayatnagar in Hyderabad K Diwakar, the father of a student who’s got an MS seat in a European country, had never done an online transaction till yesterday. And, when he finally attempted to transfer ₹2.50 lakh to his son towards payment of college fee through his ICICI … Read more