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Fax and Global Payments: A Surprising Connection
Former PayPal president discusses the nuances of global payments on CNBC, likening its challenges to the old era of fax machines.
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Fax machines remain ‘backbone’ of UK asset management operations
In a delightful twist of technological nostalgia, a whopping 62% of UK asset managers are still using fax machines, according to a Global Funds Automation Report by Calastone, the largest global funds network. This report, featured in Financial IT, reveals that despite the industry’s desire to transform, antiquated technology and manual processes remain the backbone…