Banking

Image for Digital transformation in banking and finance: Navigating innovation and compliance in 2025

Banking

Digital Transformation in Banking and Finance: Navigating Innovation and Compliance in 2025

Image for UK must keep trade open and EU close in fragmenting world, Bank of England’s Bailey says

Banking

UK Must Keep Trade Open and EU Close in Fragmenting World, Bank of England’s Bailey Says

Image for Boeing starts issuing layoff notices as planemaker trims 10% of workforce

Banking

Boeing Starts Issuing Layoff Notices as Planemaker Trims 10% of Workforce

Image for CCaaS + AI = An A+ CX: The new math for improving the banking customer experience

Banking

CCaaS + AI = an A+ Cx: The New Math for Improving the Banking Customer Experience

Image for UK finance firms seek ‘bold’ reforms to counter Wall St ascendancy

UK Finance Firms Seek ‘bold’ Reforms to Counter Wall St Ascendancy

Date: November 13, 2024

By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s finance sector is counting on policymakers to deliver a rulebook revamp that prioritises growth and stops business slipping away to global rivals, amid fresh challenges to London’s financial superpower status. UK finance minister Rachel Reeves is giving her first Mansion House speech to leaders of...

Image for How challenger banks have used a customer-centric model to shake up the banking sector

How Challenger Banks Have Used a Customer-Centric Model to Shake up the Banking Sector

Date: November 13, 2024

By Alicia Skubick, Chief Customer Officer Everybody has a bank, they have to really, it’s a modern day essential. But not everyone trusts their bank. In fact, widespread mistrust in the sector has led to many commentators to state in recent years that the banking industry is fundamentally broken. Unsurprisingly, trust in the sector plummeted...

Image for Development bank financing pledge gives COP29 summit early boost

Development Bank Financing Pledge Gives COP29 Summit Early Boost

Date: November 13, 2024

By Valerie Volcovici and Virginia Furness BAKU (Reuters) – COP29 negotiators welcomed a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming as an early boost to the two-week summit. A group of lenders, including the World Bank, announced on Tuesday a joint goal of increasing this...

Image for ECB wants banks to better manage private equity risk

ECB Wants Banks to Better Manage Private Equity Risk

Date: November 13, 2024

FRANKFURT (Reuters) – Euro zone lenders may not have a full understanding of their exposure to the quickly growing private credit and equity markets, so bank supervisors plan to outline new risk management expectations, the European Central Bank said on Wednesday. Private credit funds have grown quickly in recent years, partly using bank finance, while...

Image for BNP lays off a dozen China dealmakers amid fee plunge

BNP Lays Off a Dozen China Dealmakers Amid Fee Plunge

Date: November 13, 2024

HONG KONG (Reuters) – France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in dealmaking in the Chinese market. The bank last week began notifying the impacted bankers, the majority...

Image for How Brazil’s Pix Payment System is Revolutionizing Financial Inclusion

How Brazil’s Pix Payment System Is Revolutionizing Financial Inclusion

Date: November 12, 2024

By Ralf Germer, CEO and co-founder, PagBrasil Brazil is currently in the midst of a financial revolution. At the heart of this is the concept of inclusion: the notion that to fully participate in a modern economy, one must be plugged into the banking system. With unbelievable energy and ingenuity, public and private forces in...