The Currency Scene
Banks are swamped with hundreds of tech CVs: here’s the new way to stand out
- Written by: eFinancial Careers
- Category: Banking
Tired of carefully massaging your CV for every job posting, then waiting as your application is buried under a pile of rival CVs that most managers will barely skim through? Guess what – banks are losing interest in seeing hundreds of tech CVs swamping every IT role they post, all carefully keyword-matched yet unverifiable in the real world.
Technology hiring in banking is increasingly moving away from the advertised position. Even where roles are posted with job boards and recruiters, the selection process is evolving beyond the “talking heads” interview.
Millenials are Embracing the Idea of Branchless Banking
- Written by: Matthew S Daye
- Category: Banking
When it comes to new ideas in currency, banking and ATMs, the concept of branchless banking seems to be growing in popularity. According to a survey performed by Accenture, consumers in the U.S. and Canada are now more likely to consider branchless banking or non-traditional providers. What's more, millenials, are more likely to consider branchless banking than other segments of the population. What does this mean for the future of banking, and what can financial institutions do to survive the trend?
Over $9 Million Is Stolen Each Year From Banks and Armored Cars!
- Written by: Matthew S Daye
- Category: Cash-In-Transit
In November 2013, the Prosperity Bank in El Campo, Texas was robbed. According to the local El Campo Leader-News, three suspects, had been placed on trial – and they have pleaded guilty. Score one for law enforcement. In other news, an armored car, carrying $4 million, was hijacked by robbers. The robbers apprently took the vehicle to a metalworking plant and cut it open to get to the money. This time they got away. Sound more familiar?
Wall Street's Obsession With Blockchain And the Future Of Banking
- Written by: Fortune
- Category: Banking
Anyone who sends money abroad knows how inconvenient it is. Banks take days, sometimes weeks, to clear payments, and they collect a hefty fee in between. And God forbid, when errors occur, money vanishes into thin air.
Why Taiwan Might Become a Blockchain Island
- Written by: Matthew S Daye
- Category: Digital Currency
Bitcoin is the pioneering cryptocurrency that has lasted for more than ten years despite the many market challenges. Taiwan is among the first countries to take blockchain use seriously. Jason Hsu, a vocal congressman of this island plans on integrating bitcoin use on a national scale, which he says will make Taiwan the place to be for people working on the blockchain technology.
The future is mobile money management, not mobile banking
- Written by: Terry McParlane, Starling Bank
- Category: Mobile Banking
Traditionally, big banks have seen investment in digital channels as an opportunity to improve their cost base, encouraging a shift from high cost channels such as branch and telephony, into online and then mobile.
The Currency Supply Chain: Going the Way of the Dinosaur?
- Written by: Matthew S Daye
- Category: Currency
Despite what movies like Godzilla and Jurassic Park would have us believe, dinosaurs are dead. Once they dominated the Earth; now they're gone - never to live again. With the continued advance of technology and the rise of digital payments, many people predict a similar fate for physical money. Well... not so fast!
