Key Trends in Global Financial Markets

Key Trends in Global Financial Markets
There are various key trends in the global financial market. These trends include:
1. Machinery management of assets
2. Cash and electronic payment cutting line
3. The efforts of integration and globalization.
The trend of machinery management of assets denotes the ongoing debate on the technological advancement where machines in managing assets manipulate data. There is also the trend involving finding the cutting line between the usage of cash and the electronic payments. Despite the much advancement in electronic models of transactions, there is still a preference of usage of cash among people. Financial analysts associate transactions by use of cash with strong shadow economy. However, there is also an association of electronic transaction with card fraud, which is also highly degrading, economically. The other trend concerns efforts of integration and globalization. In embracing the trend, there is the creation of expansive financial opportunities with the aid of elements such as liberalization of markets, technological progress as well as advancement in telecommunication.
The trends will affect the KSA financial institutions and economy n varied ways. There would be many efforts towards the enhancement of technology so as to have quick processing of financial data for assets management. There would also be advancement towards globalization through the embrace of technology and permeation of liberal markets to match the globalization demands.

There would also be over viewing of the distinction between usage of cash and the electronic systems.
The Saudi Vision 2030
The Saudi Vision 2030 denotes an enthusiastic, yet achievable blueprint of long-term plans and programs for taking the country to the next level in all fronts, with much focus on the achievement of economic heights. The three financial strategic initiatives in the vision include:
i. Maximizing the investment capabilities.
ii. Launching of the promising sectors
iii. Privatization of government services.
Financial knowledge concerning investment and management would be useful in the implementation of the vision by enhancing the three financial strategic initiatives. There would be guidance in the best modes of improving maximization of investment capabilities by offering a guide to the selection of the areas of investment in agreement with underlying potentials. Launching the promising sectors would also benefit from guidance on the selection of the benefiting areas, with much orientation to finances. There would also be a guide in the initiative of privatization of government services such that there is much benefit.
Response to the news article
The article presents a very much encouraging effort by the bank. Through the embrace of technology, there is the full digitization of the bank branches, which very much welcome in the digital era. There are many advantages associated with the embrace of technology in financial institutions. The move of Alawwal Bank aligns to the global perspective of embracing technology in all economic sectors in the efforts of ensuring efficiency and effectiveness.
The technological advancement would enhance efficient services. There will be a reduced number of the staff for attendance to client needs; hence cutting on the liabilities of the firm. There would be a multiplication of the profitability and the extension of the margins of the operations of the business. Enterprise information management would be of great use in the bank, hence much efficiency in maintaining the technological advancement. The change of the name is also significant in a sense that; it brings an association of the bank with the new trend in embrace hence; motivating the customers, both the existing and any new ones, to have much trust with it.