No bank can ignore what’s going on out there. The issues identified and discussed in the Banking Exchange article are arguably of more importance to banking and the economy than the question of when the Federal Reserve will raise interest rates.
New York, NY (PRWEB) July 29, 2015
"Disruption Everywhere: How Will Life Change?" is a no-holds-barred assessment of the challenges faced by the banking industry in the post-financial crisis world, appearing in the current issue of Banking Exchange, the new publication launched this spring. The feature, written by Jo Ann Barefoot, chief executive officer of Jo Ann Barefoot Group, LLC, explores in-depth how the rapid adoption of business- and behavior-changing technology is disrupting both banking and its complex regulatory system.
"Consumer financial services is the first industry to face disruption while also being vital to everyone and extremely highly regulated," Barefoot writes. She adds that innovation is "making it possible and necessary to rethink how best to protect people amid new options, opportunities, and risks."
Barefoot is a long-time banking consultant, a former bank regulator, and a leader in adapting new technology and thinking to traditional banking and bank regulatory duties.
The article covers in detail the implications for banks of four technology trends —big data, artificial intelligence, mobility, and voice technology—all fast-moving and interrelated.
"No bank can ignore what’s going on out there," says William Streeter, editor and publisher of Banking Exchange media group. "The issues identified and discussed in this article are arguably of more importance to banking and the economy than the question of when the Federal Reserve will raise interest rates."
Barefoot’s feature is the latest example of solutions-oriented reporting from the industry’s newest media player, Banking Exchange. Other articles in the current issue look at how Bank of New York Mellon is radically changing the way banks develop and manage technology, and how one Florida community bank is breaking many typical bank conventions.
BANKING EXCHANGE: RESOURCE FOR EVOLVING INDUSTRY
"Competitive Intelligence For Bankers" is the mission of Banking Exchange magazine which launched in March, and BankingExchange.com, which launched Nov. 1, 2014. As a completely independent publication and website, the Banking Exchange Media Group, part of Simmons-Boardman Publishing Corp., covers the entire banking industry. An experienced team of editors, writers, bloggers, and other regular contributors—winners of many journalistic awards for their banking writing—produce the magazine and website.
"We aim to shake up outdated thinking,” says Streeter, “and to help bankers hold up conventional approaches to new light, to see what still works, and what needs to be changed."
Simmons-Boardman Publishing, a company over 100 years old and family owned, serves multiple industries, including railroading, marine shipping and logistics, signage, and entertainment.