banking
Banking
Banking in 2035: How emerging technologies will transform the way we bank
Banking
Denmark’s central bank cuts key interest rate to 2.85%, mirroring ECB
Banking
French bank Credit Agricole to buy 50% of GAC’s leasing unit
Banking
The now and next for banking personalisation
Multilateral banks could lend up to $480 billion more before rating downgrades, Fitch says
Date: October 10, 2024
(Reuters) – A dozen of the largest multilateral development banks could collectively lend a further half-trillion dollars before facing rating downgrades, Fitch said in a Wednesday report, following a review of its criteria for rating supranational institutions. The multilateral lenders in Fitch’s report “could collectively lend nearly an additional $480 billion” before a cash...
How Does Online Banking Work?
Date: October 9, 2024
You’re not alone if you’ve ever wondered how online banking works. With its convenience and accessibility, more people are using digital platforms to manage their finances. But how does it function, and what steps are required to set up an account? Are online banks safe, and is this approach suitable for your needs? Let’s explore...
Bank of Portugal cuts growth forecast for this year and next
Date: October 8, 2024
By Sergio Goncalves LISBON (Reuters) -The Bank of Portugal on Tuesday lowered the economic growth outlook for this year to 1.6% from the 2.0% it projected in June, pointing to an anaemic third quarter with a slowdown in exports and private consumption. It expects the economy, which grew 2.5% in 2023, to expand by 2.1%...
What Banks Need to Know About Adopting Custom Financial Software Solutions
Date: October 7, 2024
The fast development and increased usage of fintech led more banks to adopt custom-made financial software tools. These are easier to mold to modern financial institutions’ needs and are easy to adjust as the market and regulations shift. It’s like upgrading from a bicycle to an electric car. Customized financial solutions are smoother, faster, and...
UK pay growth weakest since February 2021, REC survey show
Date: October 7, 2024
LONDON (Reuters) – Britain’s jobs market showed more signs of cooling in September as pay growth increased at the slowest pace in almost four years, according to a survey likely to reassure the Bank of England as it considers whether to cut borrowing costs again. The Recruitment and Employment Confederation and KPMG said on...
Britain proposes new powers for banks in fight against fraudsters
Date: October 3, 2024
LONDON (Reuters) – Britain is giving banks enhanced new powers to delay and investigate suspicious payments in a bid to slash the estimated 460 million pounds ($610 million) lost to fraud in the last year. New laws proposed by the UK finance ministry on Thursday will enable banks to pause transactions for up to...