How has the banking battlefield evolved? - Decoding: Banks - Episode 1

11 FS kicks off their Decoding: Banks series with a look at the banking landscape today and how we got here. Over the course of the episode, we look at some of the fundamentals - what is money, what is a bank and how has the banking ecosystem today taken shape? We'll also look at how rival players have changed the game and what the future might hold. Let's get started.

Warren Buffett: Why You Should NEVER Invest In Bitcoin

Warren Buffett is the greatest investor of all time. In this video you will hear his opinion on Bitcoin, including the new 2021 comments! Very important to watch this regardless of your attitude to cryptocurrencies (and absolutely necessary if you own any of them!) As Charlie Munger says, “If you disagree with somebody, you want to be able to state their case better than they can.” And at that point you've earned the right to disagree with them. 

Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.

Customers Demanding Enhanced Mobile Banking Apps

It is more important than ever to deliver a significantly better digital banking experience than is delivered today. Customers want an experience that is fast, easy and secure. More importantly, they want control of their finances at their fingertips.

Find out more from The Financial Brand. Click HERE.

Laying 5 e-Commerce Myths to Rest

Once seen as secondary to in-person sales, the e-commerce channel has rocketed to the forefront since 2020 and is now a key purchasing gateway for many corporate buyers.

Despite this, misconceptions abound, with a number of B2B companies telling us that “customers aren’t ready” and “e-commerce is an immature space for businesses like ours.”

McKinsey & Company’s latest B2B Pulse helps put these notions squarely to rest. Not only are corporate buyers open to e-commerce, two-thirds now rely on digital and remote channels throughout their purchasing journey. While some B2B companies see e-commerce as the purview of cutting-edge tech players, the reality is that suppliers across industries are ramping up their capabilities at astonishing speeds.

The conventional wisdom around B2B e-commerce is due for a reset. These charts expose five prevailing myths.

Read the McKinsey report HERE.

Where Banks & Credit Unions Are Missing the Mark with Mobile Banking

Consumers expect more out of mobile apps than a glorified debit card and checkbook register. Their raised expectations uncover gaps in the quality of major financial institutions' apps in comparison with fintech apps, new research reveals.

Even the best of the best among the mobile banking apps of large financial institutions are doing only “C level” work compared to where they need to be. They are especially lagging in the digital money management functions that have made fintech and neobank apps so popular, according to a major consumer study by Insider Intelligence.

Get the details from The Financial Brand HERE. 

Why Bond Yields Are a Key Economic Barometer

U.S. government bond yields aren’t just a barometer of the economy, they also influence the cost of borrowing, from mortgages to student loans. WSJ explains how they work and why they’re so crucial to the economy.

The Fed's CBDC report

The Federal Reserve isn’t in a rush to join the crypto-bandwagon. That's the takeaway from a draft paper the Fed released Thursday laying out the pros and cons of a Central Bank Digital Currency (CBDC).

The 40-page report makes no policy recommendations and is designed to solicit comments from the public.

"We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States," Federal Reserve Chair Jerome Powell said in a press release last Wednesday.

Read the full article HERE.