Archive for the 'Banking' Category



Transformation of Banking and Transaction Systems

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There was a time when the whole banking and commerce operations were manual. It was a tedious task for people working in Banks and large departmental stores to manage heavy transaction volumes. But, gone are the days when people used to spend most of their time in the queue at banks and departmental stores while [...]

How a Dead Woman Brought Down the World Economy

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The roots of the sub-prime mortgage implosion, and subsequent recession, can be traced back to novelist, Ayn Rand, who passed away in 1982. Ms Rand, who was a Russian born immigrant, wrote many works based upon her philosophical concept of “Objectivism”. Her most famous Objectivist work was the 1957 novel, “Atlas Shrugged”. Objectivism derives its [...]