Past financial crises have affected how millennials manage money

FG Trade | E + | Getty Images Living through multiple financial crises and recessions has impacted the way millennials are now managing their money. The experience has given members of that generation some confidence that they’ll be able to make it through another recession if the US falls into one amid high inflation and … Read more

Here’s what financial advisors say about the Fed’s latest rate hike

The Marriner S. Eccles Federal Reserve Board Building in Washington, DC Sarah Silbiger | Reuters While the market moves are positive for investors, they are still dealing with a complicated backdrop that’s likely to continue to whiplash asset prices going forward. Earlier in the week, the S&P 500 fell into bear market territory, meaning a … Read more

Finance sector’s tolerance of poor cloud connectivity costly

BSO, a global pioneering infrastructure and connectivity provider, has revealed new research uncovering a “resilience paradox”, suggesting that financial institutions have come to tolerate poor cloud connectivity experiences. Nearly all IT decision makers rated their connectivity as being extremely or very resilient, yet all had experienced outages to some degree with almost half experiencing outages … Read more

Planful Perform 2022 – how ProMach powers its acquisition strategy with cloud finance

(via ProMach’s Twitter account) My Planful Perform 2022 review left a few questions open. Start with the General Availability of Predict: Projects, the second offering in Planful’s “Predict” Suite. What does this mean for finance teams? Can Planful’s approach to AI change their operations for the better? As I wrote: All the customers and partners … Read more

Fintech Chime Financial Is Staying Private as IPO Market Falters

Text size *** ONE-TIME USE *** Dreamstime Chime Financial, a highly valued fintech, may have put its plans to go public on hold. “We have not only the opportunity to add additional products and services, but we will continue to get into more areas of our members’ financial lives,” said Chris Britt, Chime co-founder and … Read more

Brown Harris Stevens CEO calls real estate reality TV ‘horrible’

A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess … Read more