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Every year, new technology emerges that changes the norms for banking and finance. Concepts such as an app that lets you send money to friends or a digital wallet in your mobile phone would have ...
Technology is reshaping the industry for financial advice. Similarly, in the financial advisory world, tools have been developed that enable financial advisers to streamline much of the ...
As 2024 comes to a close, consumers may be wondering what 2025 has in store for the banking industry -- and for good reason. Be it increased AI usage or the incoming administration, the ...
The mean earnings per employee hour in finance relative to all other sectors has closely mirrored the share of total U.S. income earned by the top 1% income earners since 1930. The mean salary in New York City's finance industry rose from $80,000 in 1981 to $360,000 in 2011, while average New York City salaries rose from $40,000 to $70,000.
A market trend is a perceived tendency of the financial markets to move in a particular direction over time. [1] Analysts classify these trends as secular for long time-frames, primary for medium time-frames, and secondary for short time-frames. [2]
Digital banking encompasses various banking tools and trends, but one thing is certain: Digital banking is on the rise. Most Americans have used digital banking services in the past year, and more ...
"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
The current average rate for a 30-year fixed mortgage is 6.79% for purchase and 6.79% for refinance — a drop of 12 basis points from 6.91% for purchase and 13 basis points from 6.92% for ...
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