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US Banking System Faces New Challenges as Bond Yields Rise

The US banking system is facing new challenges as bond yields rise amid inflationary pressures and uncertainty about the Federal Reserve’s policy. The recent failure of a major US bank has triggered a wave of fear and volatility in the financial markets, raising questions about the stability and resilience of the banking sector. Bond Yields Surge as Investors Seek Safety One of the main indicators of the stress in the…

Amplify Credit Union Launches New Community Banking Program

Amplify Credit Union, a $1.4 billion financial institution based in Austin, Texas, has announced a new community banking program that aims to provide personalized and accessible financial services to its members. The program is part of the credit union’s vision to reimagine the banking business model and promote financial inclusion. Partnering with Workforce Solutions Capital Area The credit union has partnered with Workforce Solutions Capital Area, a local organization that…

How Banking Will Shift from Money to Value in the Digital Era

The banking industry is undergoing a profound transformation as new technologies and changing consumer preferences enable new forms of value creation and exchange. In the future, banks will have to embrace value, not just money, as the core of their business model. Value is More Than Money Traditionally, banking has been centered on money as the primary medium of exchange and store of value. However, money itself is being unbundled…

audax: A New Digital Banking Technology Solution by SC Ventures

SC Ventures, the innovation, fintech investment and ventures arm of Standard Chartered, has launched a new digital banking technology solution provider called audax. The solution is designed to help banks and financial institutions accelerate their digital transformation, deliver new business models, serve new customer segments and derive new revenue streams. What is audax and how does it work? audax is an end-to-end digital banking platform with modularised capabilities that are…

DBS and UOB to block access to digital banking services on phones with unverified apps

New security measures to combat malware scams DBS and UOB, two of the largest banks in Singapore, have announced new security measures to protect their customers from malware scams that target users of Android devices. The new measures will restrict customers from accessing the banks’ digital services on their phones if apps from unverified app stores, also known as sideloaded apps, are detected. These apps may have risky permissions enabled…

5 Tech Stocks That Surged More Than 100% in Nine Months

The technology sector has been one of the most profitable sectors in 2023, driven by the artificial intelligence (AI) boom, easing inflation and a surge in “magnificent seven.” These are the seven tech giants that dominate the market: Apple, Amazon, Microsoft, Google, Facebook, Tesla and Netflix. However, the sector faced some headwinds in recent months due to the expectation of higher interest rates for longer than expected, which could dampen…

Charity Weeden Appointed as NASA’s New Associate Administrator for Technology, Policy, and Strategy

A New Role for Weeden Charity Weeden, a former vice president of Astroscale U.S., has joined NASA as the associate administrator for the agency’s Office of Technology, Policy, and Strategy (OTPS). She was sworn in by NASA Administrator Bill Nelson on Monday, September 25, 2023. Weeden succeeds Bhavya Lal, who left the agency in July, and Ellen Gertsen, who had been serving as the office’s acting leader since then. Weeden…

Thailand expects $5 billion boost from tech giants

Thailand is hoping to receive a major investment boost of at least $5 billion from tech giants Tesla, Google, and Microsoft, according to Prime Minister Srettha Thavisin. The announcement comes after Srettha’s recent meetings with top executives from these companies during his visit to the UN General Assembly in New York. Tesla eyes EV factory in Thailand Tesla, the world’s leading electric vehicle (EV) maker, is considering setting up an…

How Rachel Slattery is shaping the future of ageing and tech

Rachel Slattery is a serial entrepreneur and a pioneer in the Australian tech and innovation ecosystem. She is the founder of Slatterys, a communications and event company that organises Tech23 and AgileAus, two of the most influential showcase and conference events in the country. She is also the director of Silver Futures, a new initiative that aims to reframe the conversation about ageing and longevity, and explore the role of…

How To Convince Stakeholders Of The Value Of A Tech Solution

Technology leaders often face the challenge of explaining and advocating for new tech products, concepts and ideas to fellow leaders or clients who may not share their level of expertise. It can be difficult to convey the benefits of a tech solution without getting lost in technical details or jargon. In this article, we will explore some of the strategies that tech leaders can use to communicate effectively with non-tech…