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How Federal Debt May Impact Banking

South State Correspondent

By 2028, debt as a percentage of GDP will reach a historical high of 106% and will reach 200% by 2050. Bankers may not see the impact of the growing federal debt burden on their business model year to year, but over longer periods, these changes are poised to alter the way community banks do business, manage risk, and target clients.

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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 integration means banking customers will gain access to the AvidPay network for streamlined accounts payable (AP). The company announced on Thursday (Dec.

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Here’s How to Become More Than the Branch Next Door

Gonzobanker

Here are a few striking initiatives that caught my attention in the last couple of months: Issue biodegradable debit cards While Mastercard will require banks to use sustainable materials in issuing new payment cards by 2028, Bank of New Hampshire has been issuing biodegradable debit cards since last August.

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