banking
Banking
Forcing foreign banks to become EU branches ‘a last resort’, says official
Banking
Three banks join initiative for voluntary carbon market platform
Banking
Banks (and Their Tech) Aren’t Getting Any Younger: Find the Fountain of Youth with Digital Identities
Banking
Cyber security in banking: Is innovation through improvement the answer?
When tension meets technology: How banks are finally striking gold with customer data
Date: February 15, 2022
‘Does compliance really kill innovation?’ asks Amir Tabakovic, Co-Chair of Mobey Forum’s AI and Data Privacy Expert Group Those who closely follow the digital trends impacting financial services will surely remember that, not so long ago, cloud technology and artificial intelligence (AI) were widely touted as the technologies that would protect banks against the rising tide of...
Open banking’s role in addressing the cost of living crisis
Date: February 15, 2022
By Dan Morgan, Europe Policy Lead, Plaid The crisis at hand As we emerge from another peak of the covid pandemic, consumers and small businesses alike are facing a cost of living crisis. In December 2021 inflation reached its highest recorded level in three decades and essential bills are also on the up. Energy UK,...
EU Member States Move Towards a Cashless Future
Date: February 15, 2022
By Florian Winkler, COO and Co-founder of VitraCash] The global shift towards a cashless economy has been in progress for more than a decade. The start of the COVID-19 pandemic and the push for contactless payment methods triggered an even faster increase in digital payments and mobile wallet usage. Whilst usage is on the rise,...
Open banking has key role in cost-of-living crisis
Date: February 15, 2022
By Paul Lloyd, Co-Founder of Snoop It has not been a smooth start to 2022 for household finances. Energy costs are set to increase 54% in April and inflation has already drastically added to grocery bills. The Centre for Economics and Business Research estimates that the average household will see costs increase by £1,700 this...
Forcing foreign banks to become EU branches ‘a last resort’, says official
Date: February 15, 2022
By Huw Jones LONDON (Reuters) – Forcing foreign bank branches in the European Union to become subsidiaries would be a “last resort” to shed light on regulatory blind spots, a senior EU official said on Tuesday. The bloc has proposed tightening up how foreign banks from Switzerland, Britain, Japan, the United States and elsewhere can...
Italy’s FITD fund approves sale of Carige stake to BPER – source
Date: February 15, 2022
MILAN (Reuters) -The fund that owns ailing Italian lender Carige on Monday approved the sale of its stake to BPER Banca, a source close to the matter said, in a deal that will end a seven-year crisis at the regional lender. BPER, Italy’s fifth-largest bank, last month entered exclusive talks over Carige with Italy’s FITD depositor...