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NEXT-GEN TRANSACTIONS, DIGITAL TRANSFORMATION AND FINTECH GIVE EUROPE’S LEADING ATM CONFERENCE A FRESH LOOK

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NEXT-GEN TRANSACTIONS, DIGITAL TRANSFORMATION AND FINTECH GIVE EUROPE’S LEADING ATM CONFERENCE A FRESH LOOK

Next-gen ATM transactions, digital transformation, fintech innovation, contactless and self-service optimisation are just some of the hot topics to be discussed at Self-Service Banking Europe 2017, taking place in London on 23rd and 24th May 2017.

Streamlining systems and cutting costs through self-service

As retail banking goes through a period of unprecedented change, banks are looking more than ever to cut costs and streamline processes, whilediscerning customers continue to demand the highest standards in customer care.Self-Service Banking Europe2017 provides a crucial forum for banks, independent deployers, solutions providers and industry experts to share knowledge and best practice, in order to navigate a course through this challenging but exciting time for the industry.

RBR’s Managing Director, Dominic Hirsch commented: “It has never been more important for retail banks to understand the needs of their customers and to learn about the latest technology at their disposal. This event provides the perfect opportunity for them and other industry stakeholders to learn, network, and share expertise.”

Vibrant speaker programme features visionary keynotes and expert insights

A packed two-day speaker programme features thought leadership addresses from some of the most important players in the banking and payments sectors, including the CEO of Diebold Nixdorf,Andy Mattes, on how to win customers in a connected commerce era,Microsoft on empowering financial services in the digital economy, Bank of America on designing a user-friendly self-service channel, and Google on the role of mobile payments in the emerging self-service ecosystem.

The programme also includes a wide range of bank case studies from across Europe and further afield, with leading institutions such as Barclays, Citibank, Santander andUniCredit sharing their experiences. Key themes include next-gen ATM transactions, digital transformation, ATM outsourcing, contactless, streamlining self-service operations, and machine learning.

Major expo showcases the newest self-service banking technology

In addition to its world-class speaker programme, the event features a sold-out expo area, with exhibitors* showcasing cutting-edge banking technology, from the latest ATM and self-service hardware and software to payments platforms and security solutions.

RBR’s Self-Service Banking Europe 2017 is the region’s largest dedicated ATM and self-service banking conference. The annual event attracts over 600 delegates and is widely recognised as the most important European ATM industry conference of the year. To view the speaker agenda, register your attendance, or find out more about how to get involved as a speaker, sponsor or exhibitor, visit www.rbrlondon.com/events/ssbeurope.

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*Confirmed exhibitors and sponsors include: APT, Auriga, Banking Automation, Bouncepad, Cardtronics, Cennox, CIMA, CPI, Diebold Nixdorf, EasyBranch, Euronet, EVRY, FIS, Fiserv, Glory Global Solutions, HID Global, imageHOLDERS, KAL ATM Software, Loomis, Nautilus Hyosung, NCR, NoteMachine, NoteMachine Germany, RealVNC, TMD Security and VocaLink  

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Bleak budget outlook leaves Merkel’s conservatives no choice on debt

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Bleak budget outlook leaves Merkel's conservatives no choice on debt 1

BERLIN (Reuters) – Germany’s bleak budget outlook is pushing Chancellor Angela Merkel’s conservatives towards supporting another suspension of national rules on debt next year, with the man in pole position to succeed her advocating another waiver.

The coalition is currently discussing when Berlin should end massive deficit-spending triggered by the COVID-19 pandemic, and return to the fiscal rules of the constitutionally enshrined debt brake. Parliament suspended those rules for 2020 and 2021 to allow combined new borrowing of up to 310 billion euros in both years.

Finance Minister Olaf Scholz, who is expected to present the draft budget for 2022 next month, has already hinted it could be difficult to keep new borrowing below the ceiling of 0.35% of gross domestic product as required by the rules.

“The numbers are just brutal. Everyone who has looked at the budget in detail can’t help but demand another exception from the debt brake again,” a coalition source told Reuters on Thursday on condition of anonymity.

The source said it was simply impossible to cut 60 billion to 80 billion euros in the budget just to get public finances in line with the rules again – especially with Germany heading towards a federal election in September.

Armin Laschet, the new leader of Merkel’s Christian Democratic Union (CDU), said in a newspaper interview that there was probably no other way than to suspend the debt brake again.

“Next year, we will surely have to use Article 115 of the Basic Law again for an exception to the debt brake”, Laschet told Stuttgarter Zeitung.

Laschet even suggested that it could be difficult to stick to the fiscal rules beyond next year.

“Nobody today can reliably predict how what the financial needs will look like after 2022. Whether we’ll still have to declare the fiscal emergency then depends on the further development of the pandemic,” Laschet said.

The comments increase the chances for Germany will continue its debt-financed fiscal splurge next year. This would set the tone for the wider debate in the euro zone on how much longer governments should keep spending to fight the crisis.

In January, Merkel’s chief of staff Helge Braun opened the door for continued deficit spending with a proposal to soften Germany’s debt issuance law, because Berlin would not be able to stick to the strict limits on borrowing for several more years.

But a reform of the rules would need a two-thirds majority in both chambers of parliament – a tricky task given Germany’s increasingly splintered political landscape with seven parties.

(Reporting by Michael Nienaber, editing by Larry King)

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UK eager to restart U.S. talks on tariff removal

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UK eager to restart U.S. talks on tariff removal 2

LONDON (Reuters) – British trade minister Liz Truss said on Thursday she would urgently seek a meeting with U.S. Trade Representative nominee Katherine Tai to discuss the removal of punitive tariffs.

Britain wants the United States to remove tariffs on exports like Scotch whisky which were imposed during its membership of the European Union as part of a long running dispute over aircraft subsidies.

Tai will appear at a confirmation hearing before the Senate Finance Committee on Thursday.

“As soon as that is finished I will be on the phone to her seeking an early resolution of these issues,” Truss told parliament.

Last year Britain unilaterally decided that it would drop tariffs it imposed on U.S. goods in a bid to de-escalate the conflict and provide impetus to ongoing discussion to resolve the row.

“This is the way forward, not escalating the tariff battle,” Truss said on Thursday.

(Reporting by William James, editing by Elizabeth Piper and Andy Bruce)

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Aston Martin says back on the road to profitability after 2020 loss

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Aston Martin says back on the road to profitability after 2020 loss 3

By Costas Pitas

LONDON (Reuters) – Aston Martin expects to almost double sales and move back towards profitability this year after sinking deeper into the red in 2020, when the luxury carmaker was hit by the pandemic, changed its boss and was forced to raise cash.

The British company’s shares jumped 9% in early Thursday trading after it kept a forecast for around 6,000 sales to dealers this year as new management turns around its performance.

The carmaker of choice for fictional secret agent James Bond has had a tough time since floating in 2018, as it failed to meet expectations and burnt through cash, prompting it to seek fresh investment from billionaire Executive Chairman Lawrence Stroll.

The firm made a 466-million pound ($660 million) loss last year, compared with a 120 million pound loss in 2019, as sales to dealers fell by 42% to 3,394 vehicles, hit by the closure of showrooms and factories due to COVID-19.

For 2021, it expects “to see the first steps towards improved profitability” but is still likely to post a pre-tax loss, the carmaker said.

“I am extremely pleased with the progress to date despite operating in these most challenging of times,” Stroll said.

Aston said demand for its first sport utility vehicle, the DBX, which rolled off the production line at its Welsh plant in 2020, was strong in a lucrative segment of the market it entered to widen its appeal.

The model accounted for 1,516 of deliveries to dealers last year and the company expects further growth in its first full-year of sales, including in the key market of China, where rivals such as Bentley are also seeing high demand.

“We had not even a half-year DBX production in wholesome so probably we are going to see over-proportional growth in China,” Chief Executive Tobias Moers, who took over in August, told Reuters.

($1 = 0.7065 pounds)

(Reporting by Costas Pitas. Editing by Estelle Shirbon and Mark Potter)

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