banking
Banking
World’s top bankers expect markets to stay turbulent
Banking
Gen Z is Sparking a Banking Revolution: Here’s what banks need to do to win over this generation
Banking
Explainer-Why is the Bank of England selling government bonds?
Banking
The ‘risk’ of financial inclusion: How digital banks can increase their social impact and profit margins
Death, taxes and Digital Transformation in the Banking Sector – the new triumvirate of certainties
Date: October 31, 2022
By Jim Dolan, Partner, Technology & Digital, Mazars There are some big ticket shifts coming for Banking when it comes to technology. Whether that be the mainstream acceptance of crypto, the demise of cash, strategic decisions to become a marketplace (or to serve one) or the long awaited seismic “Big One” of technical debt finally forcing...
Bank of England poised to raise rates by most in 33 years
Date: October 28, 2022
By William Schomberg LONDON (Reuters) – The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak. As well as raising interest rates on Thursday for an eighth meeting...
Why The Opportunity for U.S. Banks is a Lot Bigger Than “Not Failing”
Date: October 27, 2022
There’s seemingly no lack of companies promising to digitally transform the banking industry, and all of them are doing it from different vantage points. So, why then does the U.S. need international newcomer GFT? According to Marco Santos, CEO of USA and LATAM at GFT, “In the U.S., the current mindset is fear-based: If banks...
In the crosshairs: why banking leaders must wake up to the ransomware challenge
Date: October 27, 2022
By Lewis Duke, Sales Engineer at Trend Micro The global financial sector is highly regulated. Organisations are typically well insured and relatively profitable. Their services are considered a critical part of national infrastructure. And among businesses analysed by the UK government this year, it was judged the sector most likely to hold personal data on customers....
Facing up to the tech trust gap – how do banks prove themselves and their tech?
Date: October 27, 2022
By Sanjay Gupta, SVP and MD, Mitek In tough economic times, people rely on their banks more than ever. However, mounting levels of fraud and scams coupled with the uncertainty of new identity and verification (IDV) technology is putting consumers under increased suspicion and threat. There is also a dependency on traditional, vulnerable digital access...
Lagarde comments at ECB press conference
Date: October 27, 2022
FRANKFURT, Oct 27 (Reuters) – The European Central Bank raised its key interest rate by 75 basis points on Thursday to 1.5%, the highest level since 2009, and signalled an intention to start mopping up cash from the banking system to fight record-high inflation. Following are highlights of ECB President Christine Lagarde’s comments at a...