CBX Daily 8/22/2024

Author

CultureBanx Team
August 22, 2024

Today, fintechs are working to bring inclusivity, but let’s start with how remote work is bringing diversity…

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Cultural Intelligence Download

Is Remote Work Enhancing Diversity Recruiting?

CBX Vibe

In the contemporary business world, diversity and inclusion have become more than just buzzwords. They are essential elements that contribute to the growth and success of an organization, as a recent Harvard study found that 6 of 10 jobs at large firms can be done remotely. With the advent of remote work, companies have a unique opportunity to enhance their diversity recruitment strategies. 

Fintechs Are Modernizing Banks & Bridging The Financial Inclusion Gap

CBX Vibe:

The fintech trajectory has redefined the financial services landscape, forcing traditional banks to rethink their strategies. Once considered outdated relics in a digital age, these banks are now turning to fintech solutions to remain relevant and competitive. With 73% of the world's banking interactions occurring through digital channels, it’s clear that adapting to this shift is not optional but essential.

Stock Market Panic As The Fear Index Soars To Pandemic Peaks

CBX Vibe:

The slowing U.S. economy has now affected a key market sector if the recent stock market changes are anything to go by. The CBOE Volatility Index (VIX), often referred to as the market's fear gauge, peaked to its highest level since pandemic times. Japan's Nikkei held the number one spot of the worst tumble with 12% which hasn't been seen in the last three and a half decades while U.S's Nasdaq followed closely with a 4.8% drop.

Is Investing In AI Fueling The Future Or Just Burning Cash?

CBX Vibe:

The last few days saw many of our beloved tech stocks take a beating. And it’s got people asking: Is the $1.5 trillion capital investment in Generative AI paying off? While AI promises to revolutionize industries by increasing efficiency and unlocking new capabilities, it also raises alarms about the potential displacement of millions of jobs. 40% of global employment is exposed to AI. According to a World Economic Forum report, 85 million jobs could be displaced by 2025 due to automation and AI, while 97 million new roles might emerge.

How HBCUs Are Financially Empowering Their Graduates

CBX Vibe:

Historically Black Colleges and Universities (HBCUs) are more than educational institutions; they're catalysts for empowerment, shaping futures that gleam with promise. HBCUs with the highest payoff in 2024 are leading the charge, with Hampton University, Spelman College and Xavier University of Louisiana. Embracing an HBCU education in 2024 means embracing an opportunity to amplify Black graduates careers and income prospects.

Vibes of the Week

Remote jobs are ”Sorry not Sorry” when it comes to offering diverse opportunities as told by Lil Yatchy and Veeze. Get into it in our CBX Vibes!