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BANKING AT A GLANCE: YESTERDAY, TODAY AND TOMORROW’S BANK
There has been a tremendous shift in how the banking trade is carried out since the start of the art at the sunset of the 14th century. This can be greatly connected to technological advancements across the globe. Let us not ignore that technological leaps have affected all industries across. Not limited to the financial services. As the norm, the impact of the advancement has been both positive and negative. This article is not fully a technological evaluation however, I will sample it while evaluating Todays and Tomorrow’s bank. Banking in general was founded based on a saving and borrowing agenda. These fundamentals have characterized the art of banking since…
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Social Media Banking; Is The World Ready?
Social media has become the biggest and most efficient media channel connecting the world. There are billions of people using social media on a daily basis. Founders of these sites probably never envisioned that the small creations they had developed a few decades ago would influence the world in such a big way as it has today. Initially, social media was a way to connect people using the internet, another revolutionary invention that has taken the world by storm. It was supposed to be a simple communication channel. However, today it has evolved to become entertainment, marketing, communication, and a banking channel. With these changing roles, the industry has attracted…