Banking
Banking
Mas, Bank of Ghana and Development Bank Ghana to Develop an Integrated Financial Ecosystem to Support Growth of Asia-Africa Sme Trade Corridor
Banking
Bank of England Makes Historic Rate Hike Despite ‘very Challenging’ Outlook
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
Explainer-Why Is the Bank of England Selling Government Bonds?
Date: November 1, 2022
By David Milliken LONDON (Reuters) – The Bank of England will pass a major milestone on Tuesday when it holds a first auction to sell some of the 875 billion pounds ($1.01 trillion) of government bonds it bought during successive quantitative easing (QE) programmes from 2009-2021. Britain’s central bank will be the first in the...
The ‘risk’ of Financial Inclusion: How Digital Banks Can Increase Their Social Impact and Profit Margins
Date: October 31, 2022
By Hugh MacGarvie and Ciaran Furniss from Elixirr The rise of digital banks, especially within the retail space, is the modern-day gold rush, with an entrant growth of 150% in the last 5 years. Within the developed economies, the market is saturated with new entrants competing to grow their customer base through more enticing sign-up benefits...
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....