While fintech won’t make advisors obsolete anytime soon, financial professionals need to adapt to changing consumer behavior and play up their strengths by augmenting their services.
Because finance leaders are pushing hard for revenue growth in an environment where discretionary spending is tight, they are increasingly focused on cost optimization.
The CFPB has already taken steps to stamp out abuses. The agency last month proposed a rule for home appraisals computed by algorithms.
The U.S. Census Bureau announced that overall retail sales in June were up 0.2% from May and up 1.5% year over year. In May, sales were up 0.5% month over month and up 2% year over year.
The new system, called FedNow, will allow eligible banks with accounts at the Federal Reserve to send money instantly.
Mastercard Receivables Manager enables acquirers to quickly get-to-market and empowers suppliers to receive virtual card payments with simplicity and ease.
Owning a small business comes with lots of challenges and responsibilities, and the pressure to make the right decisions can feel downright daunting. This is especially true in times of economic uncertainty.
By service line, audit accounts for the largest number of promotions (40%), followed by tax (28%), advisory (28%), and internal services (4%).