banking
Banking
Banks and fintechs are done competing: How their partnerships will expand in 2023
Banking
Polish inflation to return to target range in 2025, says central bank
Banking
ECB policymakers caution against tightening policy too fast
Banking
What’s driving the accelerated digital transformation in banking?
Cash vs. Card: What is the best option for protecting your money?
Date: November 11, 2022
By Jairo Riveros, chief strategy officer and managing director of the U.S. and Latin America at Paysend We’ve all heard about credit card fraud which can happen both physically and virtually, but using cash also carries risk. Either way, using cash or a credit card can leave you vulnerable, but what if one could be...
Econometric models and Machine Learning models in the Banking Industry from Regulatory Perspective
Date: November 11, 2022
By Anand Pandey, Domain Consultant, CRO Unit, TCS, Tata Consultancy Services, Bengaluru, India Debashish Jana, Domain Consultant, CRO Unit, TCS, Tata Consultancy Services, Kolkata, India Abstract— Banks have a crucial role in the financial system and models help bank to detect risk in time and apply preventive measures. Econometric models have been widely used in...
Bank of England’s Tenreyro sees rates on hold, then falling in 2024
Date: November 11, 2022
LONDON (Reuters) -Bank of England monetary policymaker Silvana Tenreyro said on Friday that the central bank should not raise its key interest rate above its current 3% and may need to cut it in 2024, based on the BoE’s latest forecasts for the economy. “I would expect that Bank Rate held at 3% over 2023...
Are banks losing the arms race against criminals regarding AML?
Date: November 10, 2022
By Jo Priestley, Head of Financial Crime Expertise · Efficient Frontiers International According to the NCA, money laundering has the potential to become a national security issue due to London’s role in the global financial system[i]. It is not being taken lightly. Before, perceived deficiencies in anti-money laundering (AML) systems and controls would result in a substantial fine...
Econometric models and Machine Learning models in the Banking Industry from Regulatory Perspective
Date: November 9, 2022
By DTX Europe’s David Parker, Co-Founder and Director of Parker Neal The concept of artificial intelligence (AI) and the different ways it can be implemented are developing quickly as more businesses incorporate AI into their products, services, and decision-making. Initially used to evaluate loans, identify new recruits, and enhance chatbots, algorithms are now deeply ingrained...
Swedish central bank calls on banks to restrict dividends as risks rise
Date: November 9, 2022
STOCKHOLM (Reuters) – High inflation and the war in Ukraine have increased risks in Sweden’s financial system and banks should strengthen their resilience by clamping down on dividends, the central bank said in a regular report on financial stability on Wednesday. The central bank said the biggest risk to banks was their exposure to highly...