Finance
Could Generational Change Be The Next Wild Card For Financial Services? | PYMNTS.com
![Could Generational Change Be The Next Wild Card For Financial Services? | PYMNTS.com Could Generational Change Be The Next Wild Card For Financial Services? | PYMNTS.com](https://www.pymnts.com/wp-content/uploads/2024/08/eBook-Franklin-Madison-economic.jpg)
Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS eBook, “Beyond the Horizon: How to Identify Unexpected Threats That Could Impact Your Business.”
Has unpredictability become the new normal? Stock market fluctuations, shifting consumer behavior and rising unemployment are coming together to create a complex operating environment. Some might call it a perfect storm.
Others might see it as a challenge — the kind that breeds resilience and illuminates opportunities for change.
What to Prepare for as We Wrap Up 2024
As a provider of insurance programs to banks and credit unions, we’re always looking ahead. We’re keeping our eyes out for any market changes that might make waves for insurance and financial institutions.
One topic that’s been hotly debated since the pandemic is the possibility of a recession. Even if we aren’t officially in a recession, consumer perception of the economy matters. Right now, as many as 3 in 5 Americans think the U.S. is in a recession. A perceived recession, coupled with stressors like volatility in the S&P 500 and increased unemployment, can cause spending to take a hit.
Economic Factors to Watch
Interest rates: Rising rates have increased the cost of debt over the last few years, pumping the brakes on home and auto loans and traditional revenue streams for financial institutions. Though the Fed recently signaled a rate decrease, it is unlikely to result in material changes in lending markets. Now, there’s more focus on generating non-interest income. For Franklin Madison, the need for non-interest income creates opportunity since financial institutions have a greater appreciation for insurance commissions generated from our programs to replace lost income.
Inflation: The costs associated with the direct mail marketing of our programs — paper, ink and postage — have increased by more than 30% over the last three years. Addressing this wild card continually requires cost management and innovation. Successfully integrating a full-suite digital platform with our direct mail has enabled us to produce better results while keeping costs down as we see inflation return to historical norms.
Unemployment: Though the unemployment rate has risen to over 4% from historical lows, it’s unclear if the trend will continue. Increased unemployment typically is a lagging indicator of a looming recession. Insurance and protection products tend to be in high demand during times of uncertainty.
Along with shifts in the economy, we’re also tracking consumer behavior:
Generational needs: Credit unions have seen generational needs changing as members age and younger people look for new solutions. For us, this creates an opportunity to help credit unions become more member-centric by offering in-demand products. As a recent PYMNTS Intelligence report found, 44% of consumers want to buy insurance products from their financial institution.
Introducing new insurance products can speak to generational needs, as well as life circumstances. We now offer an entire suite of supplemental insurance, including products such as cyber insurance, to address emerging risks like cyberattacks.
Flexibility: Our Key to Navigating Wildcards
There’s no doubt that things change fast in our industry. We stay flexible in choosing the insurance carriers we work with and the products we provide. We also adapt by leveraging AI to create consumer-centric solutions. Our flexibility comes from the top down and extends to our diverse workforce, cultivating a company-wide culture of adaptability. This approach positions us to thrive, no matter the wild cards that come our way.
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Finance
Jonesboro presents Capital Improvement Plan to finance committee
![Jonesboro presents Capital Improvement Plan to finance committee Jonesboro presents Capital Improvement Plan to finance committee](https://gray-kait-prod.cdn.arcpublishing.com/resizer/v2/BNWVZMBVCJCORPQ2VTYVT4FAUQ.bmp?auth=e0db6698a8c64b3b91f91976f6ca93658d45a11f1e9b904fbf60fe8e47300814&width=1200&height=600&smart=true)
JONESBORO, Ark. (KAIT) – The city of Jonesboro presented its plan to improve the lives of residents in the city to the Finance Committee on Tuesday, Sept. 10.
The Finance Committee’s agenda included a resolution to begin the formal pricing process for future bond ordinance legislation.
It was forwarded to the city council.
Jonesboro Chief Administrative Officer Brian Richardson said the investment plan would be funded through a revenue bond.
“It is simply taking a revenue stream that we already receive that the state allows to allocate that money towards future debt. The revenue bonds come from franchise fees that businesses pay to the city of Jonesboro,” he said.
What exactly is in this Capital Investment Plan?
Just over $25.5 million was to be invested over the next three years in several projects. The plan was tabled earlier this year.
Richardson said there were a few changes between this plan and the old one.
“So we took that that feedback, and really spent a lot of time developing and adding more and more detail to the proposed expenditures to”
Some of the biggest projects in the plan include:
· $6.5 million investment in a facility that will be next to the police department that will house E-911 service.
· $6 million to expand South Caraway Road to five lanes from I-555 to Fox Meadow Lane
· $5 million in trail connections.
· $2 million for a new sidepath on Race Street from Red Wolf Boulevard to Browns Lace.
· $250,000 for sidewalks and lighting.
· $3.25 million for aquatic and pool construction.
· $1 million for a Parks Master plan implementation.
· $500,000 for humanitarian outreach.
· $250,000 for upgrades at The Forum.
· $750,000 for a city-wide master growth plan.
· $250,000 for Land Bank & Development Incentives.
The city wants a revenue bond to fund $17.5 million of the projects and $8.25 million in ARPA (American Rescue Plan Act) fund to fund the projects.
The total cost would be $25.75 million.
Richardson said safety was a reason why they wanted to bring the plan forward now.
“The earlier that we start the process, the sooner these projects are done, the sooner that we can get pedestrian infrastructure on South Caraway Road, the better chance we have it saving a life out there,” he said. “We want to make sure that we build the quality of life in Jonesboro.”
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Copyright 2024 KAIT. All rights reserved.
Finance
JPMorgan stock falls on warning, GameStop earnings on tap: Yahoo Finance
Shares of JPMorgan Chase fell after the bank cautioned forecasts for its net interest income may be too high. Wall Street is also eyeing second quarter results from meme stock GameStop, which will be released this afternoon. Yahoo Finance trending tickers include General Motors. (GM), Oracle Corporation (ORCL), and Ally Financial (ALLY).
Key guests include:
3:30 p.m. ET David Risher, Lyft CEO
3:45 p.m. ET Chris Cocks, Hasbro CEO
4:05 p.m. ET Joe Mazzola, Schwab Head Trading and Derivatives Strategist
4:15 p.m. ET Michael Ng, Goldman Sachs Senior Equity Research Analyst
4:40 p.m. ET David Konrad, KBW
Finance
Rexas Finance (RXS) Trending Alongside Bitcoin (BTC) and Shiba Inu (SHIB) as Presale Attracts Strong Investor Interest—Here's Why – Brave New Coin
![Rexas Finance (RXS) Trending Alongside Bitcoin (BTC) and Shiba Inu (SHIB) as Presale Attracts Strong Investor Interest—Here's Why – Brave New Coin Rexas Finance (RXS) Trending Alongside Bitcoin (BTC) and Shiba Inu (SHIB) as Presale Attracts Strong Investor Interest—Here's Why – Brave New Coin](https://bravenewcoin.com/wp-content/uploads/2024/09/RXS-Banner-10th-Sept.jpg)
With the presale of Rexas Finance (RXS) officially launched on September 8, 2024, the project has garnered significant attention from the cryptocurrency community, alongside heavyweights like Bitcoin and Shiba Inu. This article explains why Rexas Finance is trending and why investors are so excited about this Real-World Asset (RWA) tokenization platform.
But before we dive into that, let’s take a quick look at why Bitcoin and Shiba Inu have been trending:
Why is Bitcoin Trending?
Bitcoin is currently trending due to several key factors contributing to its sharp price decline. The anticipated Federal Reserve rate cut in the U.S., expected in mid-September, has created uncertainty in the market, with analysts predicting a potential 15-20% decline in BTC’s price, pushing it down to the $40,000-$50,000 range. Also, substantial outflows from Bitcoin ETFs, amounting to $287.8 million, reflect institutional reluctance to invest amid the current downturn, further intensifying bearish sentiment. These combined factors, along with decreased activity in Bitcoin addresses, have led to a significant drop in price, and market sentiment has shifted to “extreme fear,” contributing to Bitcoin’s continued presence in the headlines.
Why is Shiba Inu Trending?
Shiba Inu is trending due to a significant increase in whale activity, signaling potential shifts in market perception. In the last 24 hours, approximately 1.9 trillion SHIB tokens were transacted, reflecting a surge in large transactions. Data shows there were 98 large whale transactions within a day, with a peak of 100 transactions on September 4, 2024. This uptick in whale activity suggests that major holders are regaining interest in SHIB, which could indicate potential price movements or increased market volatility. Historically, large transactions by whales often lead to increased volatility, and such movements are closely watched by investors for signs of future price action. The rise in whale interest is an indicator that Shiba Inu might be regaining traction in the market.
What is Rexas Finance?
Rexas Finance is a platform that uses blockchain technology to turn real-world assets like real estate, art, and commodities into digital tokens. This process is called tokenization. By doing this, Rexas Finance makes it easier for people to buy, sell, and trade these assets in a way that’s similar to trading stocks. The platform is designed to be user-friendly, allowing anyone to participate, whether they’re experienced investors or new to the financial world. Essentially, Rexas Finance aims to make investment opportunities more accessible and transactions more efficient and secure for everyone.
Here’s an exploration of Rexas Finance in light of its dynamic ecosystem:
Core Components of the Rexas Finance Ecosystem
- Rexas Token Builder: This tool enables users to create digital tokens representing ownership or stakes in real-world assets without needing extensive technical knowledge. This democratizes the process of asset tokenization, making it accessible to a broader audience.
- Rexas QuickMint Bot: Integrated with popular messaging platforms like Telegram and Discord, this feature allows for the quick creation and trading of tokens. It simplifies user interaction with the platform, making tokenization as easy as sending a message.
- Rexas GenAI: Utilizing artificial intelligence, Rexas GenAI automates complex processes such as generating and managing digital art for NFTs. This not only enhances creativity but also lowers the entry barrier for users without a background in art or technology.
- Rexas AI Shield: Security is paramount in asset tokenization. Rexas AI Shield uses advanced AI algorithms to perform real-time audits and security monitoring, ensuring that all transactions are secure and transparent, and maintaining the integrity of the platform.
- Rexas Treasury and DeFi: This component optimizes the financial transactions within the ecosystem, utilizing decentralized finance (DeFi) principles to enhance yields, manage liquidity, and provide funding mechanisms that are secure and efficient.
Why is Rexas Finance Trending?
- Strong Presale Performance: The remarkable achievement of crossing the $200,000 mark on day one of the presale highlights the strong investor confidence in Rexas Finance. This response is indicative of the platform’s robust appeal and the potential it holds within the burgeoning field of asset tokenization.
- Market Optimism and the Coming Bull Run: With signs pointing towards a potential bull run, investors are eagerly searching for opportunities that promise substantial returns. Rexas Finance, with its innovative approach to making real-world assets like real estate and art more accessible and liquid through blockchain technology, is seen as a particularly attractive option.
- Innovative Investment Opportunities: Rexas Finance is not only catering to seasoned investors but is also attracting a new wave of tech-savvy participants. Its platform simplifies the investment process in traditionally illiquid assets, making it a go-to option during a time of positive market sentiment.
Implications for Investors
The strong start to the presale suggests that investor interest in Rexas Finance is high and could continue to grow as the presale progresses. Potential investors are advised to consider entering early to capitalize on the initial momentum and secure their position before the anticipated market surge.
Conclusion: A Strong Contender for the Next Big Crypto
With its innovative approach to RWA tokenization, a comprehensive and secure ecosystem, and early investor advantages, Rexas Finance is well-positioned to become one of the top-performing cryptos in 2024. As Bitcoin and Shiba Inu lead the market in their own ways, Rexas Finance is making a name for itself by transforming asset management and trading on the blockchain. Early participation in the RXS presale could be a game-changing opportunity for investors looking to get in on the ground floor of the next big crypto trend.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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