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How Federal Debt May Impact Banking

South State Correspondent

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050. With time, these changes will only amplify.

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Fostering Payments Trust In A Global Freelance Economy

PYMNTS

Today, while shutdowns have led many businesses to temporarily halt non-essential spending, many in the market actually expect the expansion of the freelancing community to accelerate as a result of market volatility. talent pool by 2028. But, they said, if compensation workflows break down, trust can quickly erode.

Payments 273
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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

percent through 2028, according to Boston Consulting Group. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. The firm has 1,300 employees across offices in seven states and is distinguished as a global FinTech unicorn. Revenue growth in the business payments sector is expected to grow by around 5.6