Tag: #finance

Revolut amps up fight against impersonation scams

Revolut, the global fintech with more than 65 million global customers and 12 million in the UK, is today launching a new in-app feature designed to protect users from one of the most insidious types of fraud: impersonation scams. The new feature detects when a customer opening the Revolut app is on the phone – this includes apps allowing voice calls – and confirms whether they are, or not, talking with a Revolut agent. It goes one step further than similar features in the market, helping customers promptly take the right action to report attempted fraud and keep their funds safe if it is found they’re being targeted.

With the rise of AI-generated deepfake voices and increasingly sophisticated social-engineering tactics, criminals are finding new ways to convince consumers they are speaking to their bank or somebody they trust. Impersonation scams trick victims into believing they’re on a legitimate call with a trusted financial institution or person – often pressuring them to move money to safer accounts, to share sensitive data, or to approve fraudulent transactions.

This threat is accelerating rapidly. Scammers can now generate highly convincing scripts and even synthetic voice mimics. Concerningly, A 2021 study found that only 25% of people can accurately distinguish a deepfake voice from a real one – however, most participants falsely believed they could identify the fakes. This leaves people vulnerable to scams – only adding to the surge of APP (Authorised Push Payment) fraud.

Empowering users with timely, actionable protection

Revolut’s new feature introduces a live in-app banner that appears the moment the app detects the user is on a phone call. The system identifies whether the call is coming from Revolut or from another number and advises accordingly:

  • If the caller is Revolut, the banner will confirm that the call is legit
  • If the caller is not Revolut, the user will see a clear, urgent banner informing them that they are not on a call with Revolut
  • Tapping the banner leads users to actionable protection pathways based on what’s happening.

This real-time contextual system provides an additional layer of defence against impersonation attempts that occur during live calls – a scenario where victims can be caught off guard and vulnerable under pressure.

Rami Kalai, Product Owner at Revolut said: “Revolut is committed to building a safer financial future. As fraudsters adopt AI and advanced deepfake tools, we need to innovate fast to defend our customers and stay ahead of rapidly evolving fraud threats. This new feature not only gives users real-time, contextual warnings in the moment they need them most but also guides them to identify impersonation scams providing clear, actionable steps to keep their money safe while the fraud attempt is happening.”

A broader strategy to protect customers

This launch builds on a suite of recent features introduced by Revolut to protect customers from scams and unauthorised activity. In 2024 alone, Revolut’s advanced fraud-prevention systems saved customers more than £600 million that would have otherwise been lost to scams. Recent releases include:

  • In-App Calls – allowing customers to speak to Revolut directly and securely via the in-app feature, eliminating the need to trust phone numbers received externally in the vast majority of cases.
  • Wealth Protection and Street Mode – features designed to keep transfers safe through biometric verification and delay them, in the case of Street Mode, to contrast specific events like transfer mugging.
  • Enhanced machine-learning systems that detect and block risky transactions before they leave a customer’s account.

The new feature is already active for all Revolut customers with an iOS device. Android users will need to proactively authorise the feature from the Security Hub.

Disclaimer

This feature is optional for Android users and does not guarantee complete protection

Scarcity Vs. Abundance Mindset

Ever notice how sometimes you feel stuck, overwhelmed, or like there’s never enough? That’s what having a scarcity mindset feels like—a feeling that resources, opportunities, or success are limited and just out of reach. On the flip side, an abundance mindset is like seeing the world as full of possibilities, where there’s enough for everyone, and opportunities are waiting to be grabbed. Both mindsets shape how we approach life and money, and understanding how to shift from scarcity to abundance can change everything.

If you’re dealing with tough financial situations, maybe even thinking about California debt relief options, shifting your mindset might be just as important as finding practical solutions. Let’s explore what these mindsets mean, how they affect you, and ways to make a positive switch.

What Is a Scarcity Mindset?

A scarcity mindset is a way of thinking where you believe there’s never enough—never enough money, time, success, or resources. This mindset can leave you feeling anxious, depressed, or even paralyzed, because you’re always focused on what’s missing.

When you believe opportunities are scarce, you might hold back from taking risks or sharing resources, fearing loss or failure. Financial stress often worsens scarcity thinking, as you might feel trapped by debt or limited income. This mindset can make it hard to see solutions or possibilities.

For people facing financial strain, including those seeking California debt relief, this mindset can create a cycle of worry that’s hard to break.

The Power of an Abundance Mindset

In contrast, an abundance mindset is rooted in the belief that there’s enough for everyone, and new opportunities are always around the corner. This perspective encourages excitement, motivation, and action. Instead of focusing on limitations, you see potential and growth.

With an abundance mindset, setbacks become lessons rather than failures. You’re more likely to take calculated risks, share knowledge and resources, and approach challenges with confidence.

Financially, this mindset helps you look for creative solutions and opportunities rather than getting stuck in fear. It empowers you to rebuild, save, and invest in your future, no matter where you start.

How Mindsets Influence Financial Behavior

Your mindset directly impacts how you manage money. Scarcity thinking might lead to hoarding cash, avoiding budgeting, or making impulsive decisions out of fear. You might resist asking for help or exploring options like debt relief, feeling ashamed or hopeless.

Abundance thinking encourages planning, smart spending, and seeking support when needed. It helps you see financial challenges as temporary and solvable, which is essential for making progress.

Steps to Shift From Scarcity to Abundance

Switching your mindset isn’t about pretending everything is perfect. It’s about changing how you focus your attention and interpret experiences. Here are some practical ways to start shifting:

  • Practice Gratitude: Regularly remind yourself of what you do have. Gratitude helps redirect focus from lack to plenty.
  • Reframe Negative Thoughts: When scarcity thoughts creep in, challenge them. Ask yourself, “Is there really no way forward? What possibilities am I missing?”
  • Set Small, Achievable Goals: Progress builds confidence. Even small wins reinforce an abundance mindset by showing you can improve your situation.
  • Surround Yourself With Positive Influences: Spend time with people who have growth-oriented attitudes. Their mindset can rub off on you.
  • Educate Yourself: Financial knowledge reduces fear. Learning about budgeting, saving, or debt relief options (like those available in California) empowers you to act.

Why This Shift Matters

Changing your mindset impacts more than just your finances. It affects your relationships, stress levels, and overall happiness. People with abundance mindsets tend to experience less anxiety and greater resilience because they believe in possibilities.

Financially, this shift can be the difference between being stuck in a cycle of debt and frustration or building a stable, hopeful future.

Final Thoughts

Scarcity and abundance mindsets are like two lenses through which we view the world—and we get to choose which one to wear. While scarcity leaves you feeling overwhelmed and stuck, abundance opens doors to excitement, motivation, and meaningful action.

If you’re navigating financial challenges, including exploring California debt relief, don’t underestimate the power of your mindset. By practicing gratitude, reframing your thoughts, setting goals, and seeking knowledge, you can gradually embrace abundance.

Your financial future—and your peace of mind—can begin with a simple choice to see the world not as limited, but full of opportunities.

Beyond Swift: The revolution of instant international payment solutions

For over half a century now, the global financial system has relied on a SWIFT mechanism that, in 2026, feels archaic. It was certainly revolutionary at the time for the banking messaging system that it is. It helped create a safer and more orderly way to get money from one bank to another.

Today, it’s seen as legacy infrastructure that brings with it a lot of friction. A transfer can take days to settle (in the 80s, sending money from the UK to Hong Kong in three days was impressive!), while fees are now seen as high and quite unpredictable. And, perhaps most disappointingly for a correspondence system, tracking the location of the funds is difficult. 

While information travels instantly, money has lagged behind – partly because replacing a large global system, which takes fraud seriously, is understandably sticky. But a quiet revolution has been happening from the bottom up. API-first financial infrastructure has been booming over the past decade, and alternative finance is growing so big that it no longer feels like an alternative.

The problem with legacy systems

To understand the magnitude of this revolution, you first have to appreciate the inefficiencies of the current status quo. Traditional Swift is a chain of correspondent banks – money doesn’t actually go from point A to B, but it passes through a series of intermediaries, all of which collect their own fee.

This structure is therefore inherently opaque. A business might send $10,000, but the recipient might receive $9,850. If the business says it wants the recipient to receive $10,000, then the sender will pay high fees, and it often won’t be clear whether they’re wire fees, exchange spreads, and so on. 

How modern API-first solutions work

The solution to this is interoperability and direct connection. Modern fintechs aim to be borderless, and they’re building their own “financial infrastructure” to achieve it. They might use SWIFT when it works out best, or they might establish entities in multiple countries and connect directly to local banking systems. They might use treasury tricks, where they can deposit/withdraw money from multiple users simultaneously to align a transfer, and achieve it even with no money ever crossing the border. In the end, it’s about choices, flexibility, and being agile.

This API-first approach means instant settlement. Because the payout is a local bank transfer, it clears within seconds.  Plus, the fees are clearer and the tracking is more accurate (fewer intermediaries).

The advantage for global business

For treasury managers and CFOs, the ability to consolidate liquidity is a game-changer for obvious reasons. Before, expanding into new regions like Latin America or Southeast Asia meant opening multiple local bank accounts, which was a bureaucratic nightmare, whether you’re a large corporation or an independent store.

Modern platforms allow users to see their global finances in one view. Through a single API integration, a company can automate pay-ins and pay-outs in dozens of countries. This means it’s easier to track liquidity and cash flow, but it also means it’s easier to manage multiple currencies and have an FX strategy. You can build up reserves in a multi-currency account wallet and execute timely transactions when the exchange rate is favourable (or when it’s large enough to get a bulk FX discount).

Who is driving the change?

Transparent cross-border payments are made up of global generalists and specialized regional experts. Wise is perhaps the most recognizable name and it was an early mover in setting the standard for transparency and mid-market exchange rates, while Airwallex carved out a strong position by offering a comprehensive platform that combines payments with card issuing and expense management – ideal for larger enterprises. 

Latin America is always an interesting environment because it has historically been characterized by fragmented banking systems. Belvo has set the standard for Open Finance, as they’ve helped build the API rails so businesses can access banking data and initiate payments in markets like Mexico, Brazil and Colombia. On the issuing side, Pomelo provides the cloud-native infrastructure to help companies launch and scale, while Dock operates heavily in the background as a banking-as-a-service powerhouse.

Prometeo has positioned itself to focus specifically on borderless banking for treasury management. Here, the international payment solution provides a single API that consolidates these local networks to allow for automated liquidity movement between Latin America and the US.

Value movement

Instant international payments is still a new concept to larger banks. But for those looking to take advantage of maturing open banking regulations, payments is an area which is improving in quality while decreasing in cost. It has come at a time of the rise of crypto, which is in part how crypto has been kept at bay away from mainstream use. Going forward, it’s unlikely to see large corporations embrace interoperability because it’s a playing field leveller, and so bottom-up fintech movements will continue to shape consumer experience.

What Every Finance and Operations Manager Should Know About Digital Invoices and E-Invoicing

When you’re sitting in the board-room or reviewing the operations of your organisation, the term digital invoice should shift from being an “optional upgrade” to a “strategic must.” Below is a professional, clear walk-through designed for decision-makers, finance managers, operations heads, procurement leads, who are ready to bring their invoice processes into the 21st century.

What a digital invoice really means

A digital invoice is more than a PDF sent by email. It is an invoice created, sent, received, and processed in digital form. It is ideally integrated with your accounting or ERP systems, archival storage, and workflow approval. The key is that it replaces much of the manual handling of paper, and it reduces testing and sorting, and enhances visibility.

Meanwhile there is a closely-related term: electronic invoice (or e-invoice). That term refers typically to invoices with structured data, machine-readable formats (XML, EDI) that can be automated by the receiver’s system. 

In short: 

Every electronic invoice is a digital invoice, but not every digital invoice is a full e-invoice with structured automatic processing. 

Why you should care about digital invoice adoption

From the vantage of a senior manager, implementing digital invoices delivers real business value:

Cost savings in processing 

Traditional paper or manual invoices incur printing, postage, manual input, errors, and rework. Changing to digital invoice workflows can significantly reduce those costs. 

Faster cash-flow and payment cycles  

With digital invoices you can send, receive and begin processing immediately. This improves invoice turnaround, reduces late payments and improves visibility into payables/receivables. 

Improved accuracy and fewer exceptions  

When your invoice data comes in digital form, you reduce manual entry, mistakes, mismatches and disputes. That means fewer vendor queries, less time chasing issues. 

Auditability, compliance and visibility 

Invoices stored digitally can be searched, traced, and integrated with your systems. That supports audit trails and regulatory compliance more easily than paper invoices. 

Better supplier/customer relationships 

When you pay reliably, when your processing is efficient, your vendors are happier and your reputation improves. Digital invoice workflows contribute to that. 

Scalability and future-readiness  

As your business grows (volume, geographies, complexity), manual invoice processes become a bottleneck. Digital invoice systems scale more easily. 

How to approach implementation for organisations

Since you’re thinking with a strategic hat on, here are the steps and considerations:

  1. Review your current process: How many invoices/month? How many manual touches per invoice? What is the error/exception rate? Where are delays?

  2. Define your goals for digital invoice adoption: Do you want cost reduction, fewer errors, faster supplier payments, better control? Get measurable targets.

  3. Check system compatibility & data flows: The digital invoice solution must integrate with your ERP/AP system. Also check how your suppliers will submit invoices and the format required. 
  4. Decide the level of “digital-automation” you need: Are you simply going paperless (digital invoice as PDF + upload)? Or are you going full e-invoice (structured data, automated matching, real-time validation)? The decision impacts cost and benefit. 
  5. Prepare your stakeholders (vendors, team, IT): Your team will need training. Suppliers need to know how to send digital invoices. Define the workflows, approval channels, escalation paths.

  6. Pilot with a subset: Start with a manageable number of invoices/suppliers, test, refine, then scale.

  7. Track performance and refine: Measure invoice processing time, error rate, cost per invoice, supplier satisfaction. Use data to improve.

  8. Archive and compliance: Make sure your digital invoice system allows for secure storage, audit trail, retention policy, legal validity.

How the electronic invoice dimension adds value

When you move beyond digital invoice (i.e., upload of PDF) to full electronic invoice (structured, automated), you get deeper benefits:

  • Machine-readable fields, automatic matching of purchase orders, invoices, shipping receipts reduce human intervention. 
  • Real-time data for payables/receivables dashboards and better financial planning.

  • Reduced fraud risk, improved regulatory alignment (dependent on jurisdiction).
  • Higher level of integration with trading partners and business systems – less “manual hand-offs” between buyer/supplier operations.

Bottom line for your organisation

If I were advising a CFO or operations head: implementing a digital invoice framework is no longer “nice to have.” It’s fundamental. It saves time, saves money, increases capacity and cash flow of your finance department to engage in more value-add instead of paperwork. Going even deeper: by going all the way (structured data, automated workflows) you prepare to have a future in which invoice processing is, on the whole, touchless and in which your organisation is ready to scale and change regulation.

FAQs

How quickly will I see benefits after deploying digital invoice processing? 

You should expect to see improvements in processing time and cost within the first few months of a pilot. Depending on volume and team readiness, many organisations report full return on investment within 12-18 months. 

Will every supplier need to change how they send invoices if we adopt digital invoice workflows? 

Not necessarily all at once, but you’ll want a clear supplier ramp-up plan. Some suppliers may continue paper for a short transition period. For full benefit you’ll encourage them to shift to electronic formats as you scale.

Is a digital invoice the same as a paperless invoice? 

Mostly yes in terms of “no physical paper,” but not exactly. A paperless digital invoice may simply be a PDF scanned or an email attachment. A full digital invoice is integrated with your systems, and an electronic invoice (e-invoice) is even deeper, it uses structured data and automation.

 

What Is a Block RFQ Tool?

Executing large trades in the crypto market isn’t as simple as clicking “buy” or “sell.” When the size of an order is big enough to shift prices on a public order book, institutional traders need more sophisticated tools to avoid slippage, delays, and unwanted attention.

That’s where block Request for Quote (RFQ) tools come in. Designed to help source liquidity and lock in competitive pricing, these tools are used to execute large trades more efficiently, often outside of the standard exchange interface. They allow traders to request quotes from multiple counterparties before committing to a deal, reducing price impact and improving execution quality.

They’re commonly found on institutional trading platforms and used alongside a crypto exchange, especially when placing large trades that require discretion and control.

What Does RFQ Mean?

RFQ stands for “Request for Quote.” In traditional finance, it’s a method where a buyer asks multiple sellers to quote a price for a specific trade. The buyer then reviews the offers and selects the most favorable one. It’s commonly used in bond markets, commodities, and over-the-counter (OTC) deals.

In the context of crypto, an RFQ works the same way. A trader (usually institutional or high-volume) requests a price to buy or sell a specific quantity of a cryptocurrency. That request is sent to a group of liquidity providers who respond with their best offers. The trader can then choose the quote that best meets their needs.

When paired with large trade sizes, this process becomes a “block RFQ”, a system designed specifically for executing high-volume transactions with minimal market disruption.

How Does a Block RFQ Tool Work?

Using a block RFQ tool typically involves four key steps. First, the trader enters the desired trade details, which include asset, amount, and direction (buy or sell). That request is then distributed to a list of pre-approved liquidity providers. Each provider evaluates the request and submits a price quote in return.

The trader reviews the quotes and chooses the most competitive offer. Once accepted, the trade is executed directly between the two parties, often off the public order book. This helps maintain privacy and avoid sudden price swings that could occur if the same trade were placed openly.

These tools are especially useful for institutions that want to maintain control over large trades while gaining visibility into pricing across multiple sources.

Why Do Block RFQ Tools Matter?

Large trades can create major problems on public order books. If a single order consumes too much liquidity, it can move the market price unfavorably before the order is even filled. This is known as slippage, and it can be costly, especially when dealing with high-volume transactions.

Block RFQ tools help avoid that by allowing trades to be executed off-book. Instead of broadcasting intentions to the entire market, traders use a private request process to source quotes. This preserves order confidentiality and prevents frontrunning or sudden price shifts.

For institutions, that level of control means better pricing, cleaner execution, and more predictable outcomes.

Who Uses Block RFQ Tools (and When)?

Block RFQ tools are typically used by institutional traders, including crypto hedge funds, OTC desks, asset managers, and liquidity providers. These users often need to move large positions without disrupting the market or revealing their strategies.

Use cases vary from rebalancing portfolios to hedging to shifting assets between wallets or platforms. Some traders also use RFQs when onboarding or exiting clients with significant capital, where transparency and price efficiency are both priorities.

While they’re not usually ideal for time-sensitive trades, block RFQ tools are favored when size and price control matter more than speed.

Block RFQ vs. Other Trading Methods

Compared to public order books, block RFQ tools offer more privacy and better control over execution. Instead of hoping for favorable market conditions, traders get multiple firm quotes in a controlled environment, reducing the need to split large trades across platforms or time.

Unlike OTC trades, which often involve one-on-one negotiation, RFQs allow for competitive pricing from multiple providers at once. They also differ from dark pools, which hide order details but don’t guarantee pre-trade pricing transparency.

The biggest advantage is knowing the price in advance and executing at that rate. This is something standard order books can’t always guarantee for large orders.

A Tool for Smarter Large-Scale Trading

Block RFQ tools help solve a major challenge in crypto trading: moving large volumes efficiently, securely, and discreetly. For institutional users, they offer price visibility, lower slippage, and access to deep liquidity, making them an essential option when size matters more than speed.

Unlike standard market orders, which can be unpredictable and impact prices, RFQ tools let traders control the terms of the trade before committing. The process allows for clearer comparisons across multiple liquidity providers, creating a more transparent and competitive environment. 

 

Approaching Debt Collectors Professionally

Few financial situations create as much stress as dealing with debt collectors. The phone calls, letters, and emails can feel overwhelming, but the way you respond can shape the outcome more than you think. Some people end up turning to bankruptcy debt relief when the situation grows too difficult to manage, but for many, the first step is simply learning how to engage with collectors in a professional and effective way. That doesn’t mean giving in to pressure or agreeing to terms that harm you. It means approaching the situation with clarity, composure, and confidence.

Professional communication with debt collectors allows you to stay in control of the process. It helps you protect your rights, reduce stress, and open the door to practical solutions. While it may feel intimidating, there are ways to handle these conversations that keep your dignity intact while moving closer to resolution.

Understanding the Role of Debt Collectors

Debt collectors are not personal enemies. Their role is to recover money owed to creditors, and they operate within laws that are meant to regulate their behavior. Recognizing that collectors are following a job rather than targeting you personally can shift the tone of the conversation. When you keep this perspective, you are less likely to react defensively or emotionally. Instead, you can focus on facts and maintain a professional attitude.

Know Your Rights Before You Speak

The Fair Debt Collection Practices Act outlines specific rules about what collectors can and cannot do. They cannot harass you, call at unreasonable hours, or misrepresent the debt. Knowing these rights gives you confidence and sets boundaries for your interactions. Before speaking with any collector, take time to review these protections. When you understand the limits of what they can ask for, you enter the conversation with authority and calmness. Knowledge is your first layer of professionalism.

Clarity Is Your Best Tool

When debt collectors reach out, it can be tempting to avoid the conversation altogether. But ignoring them rarely helps. A professional approach starts with asking for details in writing. Request a validation notice that outlines the amount owed, the original creditor, and your rights to dispute the debt. This ensures accuracy and gives you a clear picture of the situation. Responding with clarity shows that you are taking the matter seriously without rushing into commitments you might regret.

Keeping Emotions in Check

It’s natural to feel frustration, embarrassment, or even anger when speaking with a debt collector. But letting those emotions guide the conversation usually makes things worse. Professionalism means keeping your composure, no matter how the discussion unfolds. Take a deep breath before responding and remind yourself that your goal is resolution, not conflict. By staying calm, you set the tone and keep the conversation from spiraling out of control.

Negotiation as a Skill

Approaching debt collectors professionally also means understanding that negotiation is part of the process. Collectors often have flexibility, especially if you can demonstrate a willingness to work with them. You might negotiate a lower payoff amount, a payment plan, or reduced interest. Treat the negotiation like any other professional discussion: respectful, clear, and focused on a mutually beneficial solution. Taking notes during the conversation and requesting agreements in writing helps protect you and ensures both sides are on the same page.

Documentation Protects You

Every professional interaction leaves a paper trail, and debt conversations should be no different. Keep a record of all calls, letters, and agreements. Write down the names of people you speak with, the date, and the details of the discussion. If something is promised, ask for it in writing. Documentation not only gives you peace of mind but also serves as protection in case there are disputes later. It demonstrates that you approached the situation responsibly and seriously.

Respect Goes Both Ways

One of the overlooked aspects of professionalism is the role of respect. While collectors are required to treat you with fairness, showing them respect in return can go a long way. A calm, polite tone often results in better communication than confrontation. Respect doesn’t mean agreeing with everything they say—it means acknowledging their role while standing firm in your own boundaries. When both sides treat each other with respect, solutions are easier to find.

When to Seek Additional Help

Sometimes, even with professionalism, the situation may be too complex or stressful to manage alone. In those cases, reaching out to a financial counselor or legal advisor can provide valuable guidance. Professionals can review your debt, explain your options, and even step in to communicate on your behalf if needed. Seeking help isn’t a sign of weakness—it’s a smart move when you need support to stay on track.

Turning a Hard Situation Into Growth

Dealing with debt collectors can feel like one of the hardest parts of financial struggle. But when you approach it with professionalism, it becomes an opportunity to practice resilience, negotiation, and self-advocacy. Instead of letting fear control the process, you are choosing to face it with maturity and purpose. That choice can reduce stress, improve outcomes, and even change the way you view financial challenges in the future.

Approaching debt collectors professionally isn’t about giving them power—it’s about claiming your own. With clear communication, respect, and knowledge of your rights, you create a path toward resolution that protects your dignity and supports your long-term financial health.

 

Digital Transformation in Banking and Financial Markets

The banking industry is experiencing one of the most significant shifts in its history. In 2025, more than 3.6 billion people worldwide are using digital banking services. Together with this 77% of consumers now prefer to manage their accounts through mobile apps or computers.

This trend highlights how digital channels have become the default choice for banking, with liquidity aggregation opportunities, advanced risk management, and enhanced user experience playing a key role in ensuring efficiency and resilience behind the scenes.

Where banks once differentiated themselves through physical presence and reputation, they are now judged by the efficiency of their platforms, the quality of their digital services, and their ability to integrate into an increasingly interconnected financial ecosystem.

From Closed Systems to Open Infrastructure

For decades, many banks operated on legacy technology. Systems were closed, data was siloed, and client access was limited to what a single institution could offer. The rapid rise of fintechs and alternative service providers has upended that model, showing clients that seamless digital experiences and global reach are not just possible, but expected.

As a result, banks are under pressure to modernize their core infrastructure. This includes migrating to cloud-based solutions, adopting real-time analytics, and rethinking how they connect with counterparties and clients.

For example, several leading European banks have partnered with fintech providers to implement cloud-native payment hubs. By doing so, they can process cross-border payments in real time, aggregate liquidity from multiple sources, and provide clients with transparent pricing — something that would have been impossible under their former legacy systems.

 

Technology as the New Competitive Edge

What sets leading banks apart today is their ability to use technology strategically. Artificial intelligence, advanced risk management tools, and automated compliance systems are now part of everyday operations. Beyond efficiency, these innovations create new opportunities to improve client experience, streamline back-office processes, and strengthen resilience during periods of market stress.

Among the many solutions reshaping the industry is liquidity aggregation, which allows institutions to consolidate liquidity from multiple sources into a unified framework. While it may sound highly specialized, its impact is broad: by reducing fragmentation and enabling more transparent pricing, it contributes to a more stable and efficient market environment.

For example, JPMorgan Chase has invested heavily in digital trading infrastructure, combining liquidity aggregation with advanced analytics to offer clients deeper market access and more competitive pricing. Similarly, Deutsche Bank has deployed AI-driven risk management and consolidated liquidity flows across multiple venues, enabling it to deliver greater resilience during volatile market conditions.

Expanding Beyond Traditional Boundaries

Another key element of transformation is the expansion into multi-asset services. Clients increasingly expect banks to support a wide range of financial instruments through a single interface. Delivering on this expectation requires more than technology — it demands strategic partnerships, agile operating models, and the willingness to rethink traditional boundaries.

This convergence of banking and financial technology highlights a larger trend: the emergence of connected ecosystems. Banks are no longer isolated institutions; they are nodes in a global digital network. Success depends on how well they integrate, adapt, and innovate within that network.

A good example is UBS, which has expanded its platform to provide clients with access to equities, fixed income, and digital assets within a unified environment. By partnering with fintech providers and leveraging open APIs, UBS has been able to integrate multiple asset classes into one client-facing interface. Similarly, Standard Chartered has embraced a multi-asset approach through collaborations with technology firms, enabling institutional clients to manage foreign exchange, commodities, and securities from a single digital platform.

The Road Ahead

The journey of digital transformation is far from complete. Many institutions are still in the process of modernizing legacy systems, while others are experimenting with new service models to stay ahead of client needs.

What is clear is that technology will remain at the center of banking’s evolution. Whether through artificial intelligence, open banking frameworks, or specialized solutions such as liquidity aggregation, the institutions that embrace innovation will shape the next era of financial services. Those that hesitate risk being left behind in an increasingly connected and competitive economy.

Your Guide to Financial Freedom: Clear Steps for Managing Money Wisely

Many people today want more control over how they manage money. They’re not just looking to cut back. They want clear ways to feel stable and build long-term security. Thankfully, it’s easier now than ever before. Accessible options like mobile banking, budgeting platforms, and modern savings accounts help people stay on track. With the right habits and a few smart changes, it’s possible to avoid stress and make steady progress. 

Whether you’re just starting out or looking to make better choices, here are some steps to help you take charge of your financial future with clarity and ease:

Start With a Realistic Budget

A clear budget helps you understand how much you can spend and what needs to change. It’s not about restriction. It’s about awareness. Start by tracking how much you bring in each month and where that money goes. Use categories like rent, groceries, transport, and extras. Try using a simple spreadsheet or a free mobile app. Keep your categories broad so you don’t get overwhelmed. Once you see where the excess spending happens, you can adjust it. A helpful move is setting limits for flexible categories like dining or shopping. Budgeting gives you a full picture, making it easier to plan ahead and reduce unnecessary spending without feeling deprived or confused.

Choose Modern Banking That Works for You

Many people rely on outdated banks with low savings rates, hidden fees, or poor service. That doesn’t help you manage money well. If you’re looking for a simpler way to organize your spending, save smarter, and achieve your goals faster, it’s time to explore better options like SoFi. They now offer online accounts with no hidden charges, fast transfers, high savings rates, and early access to your paycheck. These features support better decisions by helping you track everything in one place. So, one easy move is to apply for Sofi bank account, which offers mobile access, budgeting tools, and cashback without traditional fees. It’s designed to support people looking for flexibility and control without the usual banking frustration.

Pay Off Debt Without Feeling Overwhelmed

Debt can make you feel stuck, but there are ways to manage it without pressure. First, list everything you owe—credit cards, student loans, or personal loans. Then, choose a plan that works for your lifestyle. Some people like the snowball method, where you tackle the smallest balance first. Others prefer the avalanche approach, focusing on high-interest debt. Pick what feels manageable and commit to regular payments above the minimum whenever possible. Try avoiding new debt during this period. You can also call lenders to ask about lower interest or flexible terms. Progress won’t happen overnight, but with small, steady steps, your balances can shrink and your confidence will grow.

Build an Emergency Buffer

Life happens. That’s why it helps to set aside a small cushion you can rely on in a crisis. Whether it’s for a car repair, medical bill, or a sudden move, having backup funds helps you avoid borrowing or panicking. Start with a target of $500, then work your way toward saving three to six months’ worth of basic expenses. Use a separate savings account so you’re not tempted to spend it. If that feels like a lot, begin with a weekly or monthly goal; even $20 a week adds up. Automatic transfers can help build this reserve without effort. It’s not about saving big amounts. It’s about staying ready.

Set Practical Goals You Can Actually Reach

Setting goals gives your money a direction. Without them, it’s easy to spend without thinking. Start by writing down what you want to achieve. Is it travel, home ownership, or clearing debt? Break these into short-term and long-term goals. Then, assign each one a timeline and an amount. For example, “Save $600 for a weekend trip in six months” is easier to follow than a vague idea of “saving for travel.” Use visual trackers, notes on your phone, or calendar reminders to stay focused. Revisit your list monthly to check progress and adjust when needed. When goals are specific, realistic, and time-based, they feel more doable and help you stay motivated.

Build a Positive Credit History

Good credit can help with future milestones like renting a place, buying a car, or qualifying for better interest rates. Start by checking your credit score and reading your report for any errors. Pay bills on time. This is one of the most important things you can do. Keep credit usage low. That means if your card has a $1,000 limit, try not to carry a balance over $300. Avoid opening new accounts unless necessary, and keep older accounts active if they don’t cost you extra. Over time, these habits can improve your score. Free apps can track your progress and help you stay aware of how your choices affect your credit.

Learn the Basics of Saving and Growth

You don’t need to be an expert to start growing your savings. Begin with what you understand. High-yield savings accounts offer better returns than regular ones. Certificates of deposit (CDs) are another option for short-term goals. For longer-term planning, look into retirement accounts like IRAs. These can help you grow money over time while offering tax advantages. Try not to act on trends or pressure. Stick with steady habits and learn as you go. Small, regular deposits matter more than big one-time moves. Use educational resources to build your confidence. The goal is to stay consistent, even if the amounts are small at first.

 

You don’t need to change everything overnight. What matters is making choices that move you in the right direction. Managing money well isn’t about strict rules. It’s about staying aware and making steady improvements. From building a basic budget to choosing the right banking features and checking your progress, each step adds up. Remember that your path is yours alone. Keep things simple, stay consistent, and make decisions that support the future you want. Small efforts now can lead to more peace and flexibility later. The most important thing is starting and choosing to stick with it, even when progress feels slow.

General Confidence in Business Transformation Efforts, even as AI Adoption Remains limited, survey reveals

An independent survey from TEKenable of 700 executives revealed that 61% of top executives say digital transformation is a top priority but making it work isn’t always easy due to lack of understanding of Business Transformation, committed leadership, a supportive organisational culture and strong employee engagement and development.

Medium-sized organisations (201-500 employees) made up 24% of the sample and cited that business transformation was Very Important to their business, with the main drivers being equally split between regulatory changes and internal strategic goals (75%).

Smaller organisations (1-50 employees) made up 47% of the sample, and they were found to be less likely to use AI.  When using it, they did so with a focus on cost reduction (24%) and customer experience (59%).

71% of all respondents felt that Business Transformation was Very Important and listed these top drivers as reasons:

Technical advancements 25%

Internal strategic goals 25%

Regulatory changes 20%

Customer demand 16%

“Our survey showed that managers consistently rated business transformation as very important (75%) and exhibited high confidence in achieving transformation goals, with half reporting they were ‘very confident’,” explains Peter Rose, Group CIO, TEKenable.

60% of AI users were from either C-suite or director roles and AI was most commonly used for customer insights, analytics, and predictive maintenance.

Finance and technology respondents (41% combined) were more likely to report AI usage and prioritised innovation (47%) and data-driven decision-making (29%).

Industries such as energy, government, insurance, NGOs and logistics (grouped as ‘other’) showed moderate AI adoption with a strong focus on legacy system updates (41%) and application security (41%).

Only 29% of respondents are currently using AI in their organisations.

Respondents show cautious optimism around the usage of AI.  They are showing interest and recognise the value, however, adoption is limited due to practical challenges.

“It is our experience that many of the responding companies’ staff are probably using AI tools and services in their day-to-day business without approval from, or the knowledge of, their employer.  Hence, the company is using AI but not in a governed manner.  This is a risk and a missed opportunity.” concludes Peter.  “Business transformation using AI and Data is not about adopting new technologies; it’s about fundamentally changing the way companies operate, from how they interact with customers to how they manage their supply chain.”