banking
Banking
Is Shared Banking the Next Wave of Banking Evolution?
Banking
Thomas Priore: Priority Is Positioned To Meet Increase in Regulations for Fintech Banking Solutions
Banking
Economists see Russian inflation exceeding the central bank’s 2024 estimate
Banking
UBS flags ‘sluggish’ Europe growth as it takes $170 million credit hit
The Rise of Digital Banking
Date: November 21, 2024
In the fast-paced digital era, banking has undergone a revolutionary transformation. Traditional banking practices, characterized by long queues, excessive paperwork, and restricted operating hours, are being replaced by digital banking—a modern, efficient, and user-friendly approach. This article delves into the core of digital banking, highlighting its advantages, the role of iDenfy, and its impact on...
Emily Turner appointed CEO of HSBC Innovation Banking UK
Date: November 21, 2024
LONDON (Reuters) – HSBC has appointed former Citi banker Emily Turner as CEO of its Innovation Banking UK arm, the tech-focused business unit which it created following its acquisition of the British business of failed U.S. lender Silicon Valley Bank. Turner replaces former Silicon Valley Bank UK head Erin Platts, HSBC said, who will support...
Commerzbank names new CFO amid UniCredit approach
Date: November 21, 2024
FRANKFURT (Reuters) – Commerzbank on Thursday named Carsten Schmitt as its new chief financial officer, a crucial role at Germany’s No. 2 lender as it seeks to fend off an approach by Italy’s UniCredit for a tie-up. The job became vacant after the previous CFO, Bettina Orlopp, assumed the role of chief executive officer, a...
Three digital transformation trends to watch in the years ahead
Date: November 20, 2024
By Dr. Hsiang-Chieh (Alex) Yang, Assistant Professor at the Hull College of Business at Augusta University Recently, JPMorgan Chase and Apple have been in talks about the former possibly replacing Goldman Sachs as the latter’s banking partner for its Apple Card. These talks are only one recent reminder that banking and finance are continuing to...
Euro zone negotiated pay growth accelerates in Q3, adding to rate cut caution
Date: November 20, 2024
FRANKFURT (Reuters) – Euro zone negotiated wage growth accelerated in the third quarter, adding to the case for caution in cutting interest rates quickly as the labour market remains tight despite some signs of cooling, data from the European Central Bank showed on Wednesday. Growth in negotiated wages picked up to 5.42% in the third...
ECB warns of ‘bubble’ in AI stocks as funds deplete cash buffers
Date: November 20, 2024
FRANKFURT (Reuters) – The European Central Bank warned on Wednesday about a “bubble” in stocks related to artificial intelligence (AI), which could burst abruptly if investors’ rosy expectations are not met. The warning came as part of the ECB’s twice-yearly Financial Stability Review, a laundry list of risks ranging from wars and tariffs to cracks...