Change is happening everywhere and with faster pace. Such changing phenomenon and reality evidently bringing an excellent opportunity to scan challenges and craft innovative solutions that users can love. Hitherto, no matter how revolutionary the idea or concept, innovations cannot deliver as vowed if they get stuck in the ‘Proof of Concept (POC)’ trick and trap.Some statistics are the stunning confession on the state of innovation for most businesses. Such as, only 22% of large…
Cost of living crisis and banks to revamp digital banking offering. To say that 2022 has been a turbulent year is quite an understatement. While the energy crisis has driven high levels of inflation, causing people around the world to face higher costs of living, banks are now bracing for even tougher economic conditions and a possible global recession in 2023. This has created a real urgency for banks to further digitalize their channels and…
Major crises always come out of distortions. At the level of the global financial system, the basic problem has been the undervaluation of Asian(managed) exchange rates that have led to trade deficits for Western economies, forcing on them the choice either of macro accommodation or recession. The choice of easy money policies results in excess liquidity, asset bubbles, and leverage. Distortions always come through major crises. In the global financial system, the problem has been…
Banking, which is an important pillar in the financial sector, has an important role in sustainable development. Therefore, since sustainability is one of the most vital trends in the banking industry, investors need to ensure sustainable and responsible investing by analyzing corporate social responsibility, corporate governance structures and environmental issues when making investment decisions. This is also due to the fact that sustainability reporting is gaining significant acceptance worldwide as stakeholders feel the need for…
Loans benefiting from forbearance at the height of the pandemic proved more resilient than many had expected, and non-performing loans (NPLs) did not rise markedly in 2022. Starting 2023, however, uncertainty and risk remain elevated. It is heading into a cooling off period, with sharp reversals in monetary and fiscal stimulus expected to slow growth and gradually bring down inflation.Credit growth: The combination of interest rates, tighter liquidity conditions, and risk aversion against a background…
During the Global Financial Crisis, banks suffered losses on a scale not witnessed since the Great Depression, partly due to two major structural developments in the banking industry; deregulation combined with financial innovation. In the aftermath of the financial crisis, the regulatory response concentrated on the Basel III recommendations, raising core capital requirements for banking institutions; affecting their business model and funding patterns.Consequently, these changes have had significant implications on how banks grant loans, how…
Startup businesses can get financing from a variety of lenders, but bank loans are typically off the table for businesses with very little revenue and time in business. Banks shoulder some level of risk when they lend funds to any business, but startups are especially vulnerable to defaulting on loan payments because they’re still putting down their roots.Building a company from the ground up is part of what makes startups so exciting though, and alternative…
The banking sector is at a turning point. Key measures for banks are at a historical low point. The sector’s price-to-book value has fallen to less than one-third the value of other industries. That gap is less the result of current profitability and more about uncertain profit growth in the future. While banks have pushed for great improvements recently, margins are shrinkingdown and expected to fall decrease, in the next decade.Banking is deeply transmuting. Many…
Without the mechanization, using High Yielding Verities (HYV), and so-called ‘Green Revolution’ it would have never been possible to maintain the growth and development of the agricultural sector of this country. It is the key to maintaining the national food-population balance. ‘Green Revolution’ on crops diversity in Bangladesh needs in alignment with population growth, labor absorption, and land-use in agriculture, food security, nutrition, income distribution, rural poverty, and policy. The crops diversity in agriculture is…
One chaotic, disappointing year has ended. Another one is likely in store. In October, the IMF released its annual economic outlook projecting weak growth across the world in 2023. It placed particular emphasis on three issues: high inflation and central bank tightening, Russia’s invasion of Ukraine, and the continued effects of Covid especially in China and expand to other territories as well. What to expect for the economy in 2023, and how things have evolved…