banking
Banking
Hawkish ECB comments push up rate-hike expectations
Banking
Banking in the Year Ahead: Industry Standards and Digital Transformation Become Business Practice
Banking
The future of digital banking and the growth of cheaper, faster and better services online
Banking
Bank of England officials split over future path for rates
Should banks make ‘personalised customer experiences’ a priority?
Date: February 9, 2023
By Matthew Biboud Lübeck, VP EMEA at Amperity A 10% improvement in customer data quality can be linked to a 5% improvement in customer responsiveness, according to Gartner. So in today’s hugely-competitive global marketplace and with the shadow of recession ahead, can financial organisations afford the reputational and bottom line impact caused by siloed data...
First Abu Dhabi Bank could renew $35 billion offer for StanChart -Bloomberg News
Date: February 9, 2023
By Lawrence White LONDON (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered, once lock-up rules from its previous aborted bid expire, Bloomberg News reported on Thursday. StanChart shares rose as much as 9% on the news report. A StanChart spokesperson declined...
2023 Banking Outlook: 6 key trends that will impact the industry
Date: February 9, 2023
By John da Gama-Rose, Head of Banking & Financial Services, Global Growth Markets, Cognizant Faced with a fragile economy, banks need to double down on providing guidance and high-quality customer experiences in 2023. However, their position as a natural home for financial products and advice is under threat from Fintechs and new market entrants providing...
Italy’s MPS sees ‘safe habour’ ahead after strong quarter
Date: February 8, 2023
By Valentina Za MILAN (Reuters) -Italian state-owned bank Monte dei Paschi di Siena (MPS) on Wednesday joined peers in solidly beating profit forecasts, thanks to a boost from higher interest rates. MPS also began to reap the benefits of cost cuts in the fourth quarter ending Dec. 31, after using part of the proceeds from...
SocGen favours prudence over high shareholder return before CEO change
Date: February 8, 2023
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) – Societe Generale, France’s third biggest bank, favoured financial prudence over quick returns to shareholders as it prepared for the arrival of a new CEO in May tasked with reviving its valuation in an uncertain economic climate. SocGen said on Wednesday it hiked provisions for bad loans...
How embedded finance empowers online banking for the expat community
Date: February 8, 2023
By Philipp Buschmann, CEO and co-founder of AAZZUR As of today, there are 20 million mass affluent expat citizens of the G20 countries, 15 million of whom are EU/UK citizens. On average, they earn 250,000 euros and if they were a country, they would be the 3rd the richest nation in the world and their...