
May 14, 2024
Generative AI: AI Revolution in Credit Unions and Community Banks
A recent report from the Society for Human Resource Management (SHRM) and The Burning Glass Institute details how GenAI will have an outsized role on the banking and finance industries. The report lists Morgan Stanley, Bank of America and Northwest Mutual as some of the organizations that are most likely to capitalize on the implementation…
March 25, 2024
Differences between bank and financial institutions
In order to fully understand the differences between banks and other financial institutions, let us first discuss the meaning of financial institution. You can think of this term as an umbrella encompassing many businesses and organizations, including banks. In general, financial institutions can be divided into two groups: non-banking financial institutions and banking financial institutions….