How Banks Can Reimagine Business

| March 25, 2016

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The digital trend is exacerbated in the millennial customer market, which perceives physical banks to be largely superfluous. A three-year study commissioned by Viacom Media Networks* found that the banking industry is at the highest risk of disruption, with 73% of respondents reporting that they would be more excited about a new financial offering from tech giants such as Google, Apple, Amazon, Paypal or Square than from their own nationwide bank.

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Central Finance

Central Finance are leading independent Business Finance Advisors based in the West Midlands. We guide customers through the myriad of finance options and help them choose which is the appropriate solution. The combined experience of the team at Central Finance means that we offer something that isn't currently on the market..........REAL access to finance!

OTHER ARTICLES

How to access small business loans for COVID-19 financial relief

Article | April 7, 2020

The CARES Act recently passed by Congress funded financial assistance for small businesses experiencing economic hardships caused by the COVID-19 pandemic. Two Small Business Administration (SBA) loan programs established or expanded by the act are of particular interest to family physicians: the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP).

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Insights from the Ground: Managing Through the COVID-19 Pandemic

Article | April 7, 2020

In this series, we share insights from our Citi Country Officers (CCOs) around the globe as they reflect on their experiences during COVID-19. CCOs are responsible for leading the entire Citi franchise in their country. They provide alignment and leadership to bring our global strategy to life in each of their jurisdictions. For us at Citi in Italy we prepared for the COVID pandemic in a number of different ways. First, we leveraged lessons learned from our colleagues in the countries that were hit before us, including China and Korea, even if their context was quite different from the European one.

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A bank account - A concept of the past

Article | April 7, 2020

Almost every recent article written about banking starts with the statement that the banking industry is being disrupted by new competitors, new innovations and new technologies. Although this statement is definitely true, the extend of the disruption can still be debated. Even the most innovative neo-banks still work with bank (current, saving, term and investment) accounts, cards (credit and debit), traditional credits, existing payment infrastructure… The user experience surrounding the origination and servicing of these products has dramatically improved (and will continue to evolve), but the underlying banking products are not really disrupted.

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AI in Banking – An Analysis of America’s 7 Top Banks

Article | April 7, 2020

While tech giants tend to hog the limelight on the cutting-edge of technology, AI in banking and other facets of the financial sector is showing signs of interest and adoption even among the banking incumbents. Discussions in the media around the emergence of AI in the banking industry range from the topic of automation and its potential to cut countless jobs to startup acquisitions.

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Spotlight

Central Finance

Central Finance are leading independent Business Finance Advisors based in the West Midlands. We guide customers through the myriad of finance options and help them choose which is the appropriate solution. The combined experience of the team at Central Finance means that we offer something that isn't currently on the market..........REAL access to finance!

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