CBX Daily 9/19/2024

Author

CultureBanx Team
September 18, 2024

Today, marriage meets blockchain innovation, but let’s start with how AI is driving mortgage automation…

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Speeding Up Mortgage Processing With ClearCloser's Advanced AI

CBX Vibe

In the world of finance, mortgage processing has long been a complex and time-consuming affair. However, artificial intelligence (AI) is revolutionizing how lenders, institutions and homebuyers are handling this once archaic process, by making it faster and more efficient. Companies like ClearCloser, an AI-driven mortgage processing platform, is leading the charge with its advanced data solutions tackling this long-standing problem.

Love On Blockchain: Is The Future Of Marriage Digital?

CBX Vibe:

As we witness the rise of digital solutions across every industry, from finance to entertainment, it's no surprise that even the institution of marriage is being disrupted. Blockchain weddings—a concept once seen as futuristic—are growing in popularity. Since the first blockchain wedding was recorded in 2014, couples have been exploring the idea of immortalizing their union through blockchain technology. An Indian couple brought the trend back to life in 2021 by creating an Ethereum smart contract to seal their vows.

Art Collectors Trimming Their Colorful Portfolios Amid The Shifting Market

CBX Vibe:

Art collectors are adjusting their investment strategies downwards because of the unpredictable and ongoing economic changes. 2023 saw them slash their investment portfolios to 19% from 24% in 2022. This takes a toll on the already declining Black artists' representation in global auction sales which currently stands at at 1.9% from 2008 to mid-2022.

Tune-in Tuesdays!

Ghana’s inflation seems to be on chill mode, cruising at a slower beat for the fourth month in July. Is this permanent or just a temporary reprieve?

A. ‘Chillin Like A Villain’ by Awkward Marina – The economy is settled but don’t get it twisted, it will hit back when least expected
B. ‘Don’t Worry, Be Happy’ by Bobby McFerrin – Enjoy the now because it’s what you have
C. ‘Smooth Operator’ by Yung Bleu - It’s been a long time coming but the dark days are now behind us

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it looks like it is a mix of storms, and resilience! 40% think it’s “Stormy Weather,” and another 40% won’t and “Don’t Stop Believin’

Unpacking The $300 Billion Black American Consumerism Bag

CBX Vibe:

At 47.8 million strong, African Americans are the second-largest consumer group, presenting businesses with a $300 billion opportunity stake in this community. Despite being 13.4% of the U.S. population, Black households accounted for just under 10% of the nation’s total spending on goods and services in 2019, according to McKinsey. However, if companies interpret this data as proof that there’s little profit in serving Black consumers, they are making a multi-billion mistake.

Solutions For Corporate America's Ethical Dilemma To Social Activism

CBX Vibe:

Social activism has emerged as a powerful intersection of business and culture, reflecting a growing trend where companies are expected to engage in sociopolitical issues. This movement gained significant momentum after George Floyd’s tragic death in 2020, which spurred many corporations to voice support for social justice causes. However, the landscape is shifting, revealing both challenges and opportunities for businesses navigating this complex terrain.

Vibes of the Week

AI may not be "Bad Bad News" as it simplifies mortgage handling, according to Leon Bridges in our CBX Vibes!