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Online banks have become very popular in recent times. The ease with which they allow us to carry out banking transactions that we would ordinarily have to go to the bank to carry out in the past after standing on queues for a very long time have made it appealing to us. There have in recent times being a battle between traditional banks and online banks. Online banks are trying to provide every service that traditional banks are also providing while traditional banks are also trying to take all of their services online and striving to see how they can provide every service online banks are providing and more. These have resulted in a very competitive environment where the fight of two elephants for once, have resulted in the grass enjoying instead of the grass suffering. The major ways online banks are influencing the financial industry are discussed subsequently.
Cheaper services
One of the major ways online banks are influencing the finance industry today is making cheaper services possible. Traditional banks require physical presence that implies having several branches across the country. They have to either buy or rent properties around the country while...

Fighting the Coronavirus: Making Ventilators

Trevar Smedal is a member of Machinists (IAM) Local 1406 employed at General Electric's Datex-Ohmeda in Madison, Wisconsin. He and his co-workers are in a race against the clock to produce ventilators needed in the worldwide fight against the COVID-19 pandemic. Watch the video to hear Trevar's story.

Kenneth Quinnell
Fri, 03/27/2020 - 14:37