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BankingIt’s Time for Traditional Banks to Face up to New Challenges
Top StoriesEasyJet Ceo: We’ve Stabilised Operations but Melting Runways Don’t Help
Top StoriesAmazon Takes on Britain’s Tesco With Price Match Scheme
BankingHow Looking to Partnerships Can Help Neobanks Reclaim the Edge
Volkswagen Sales Drop in Europe but China Offers Ev Boost
Date: July 15, 2022
By Victoria Waldersee BERLIN (Reuters) -Volkswagen Group sales fell by around a fifth in the first half of this year from a year earlier, company data showed on Friday, led by a steep drop in Europe, but battery-electric sales were boosted by growth in China. Total deliveries to customers worldwide were down 22.4% in the...
What Will the Future of Banking Look Like? In 10 Years?
Date: July 15, 2022
By Adam Moulson, Acting CEO of Griffin “Change is the law of life. And those who look only to the past or present are certain to miss the future,” said John F. Kennedy. Still, when imagining what lies ahead in the next decade of banking, it helps to examine several patterns that led us to...
Economic Instability Means Finance Executives Need to Act Smartly, Not Rashly
Date: July 14, 2022
By Nathan Shinn, Co-Founder and CSO, BillingPlatform Global economic instability, driven by a series of macro events such as inflation, the Russia-Ukraine conflict and the ongoing fallout from Brexit, have sparked concerns of an impending recession for businesses in the UK and around the globe. The Financial Times’ City Network, a forum of more than...
Lloyds Offers Extra Support to 2 Million Customers as Cost Rises Hit Hard
Date: July 14, 2022
By Iain Withers and Sinead Cruise LONDON (Reuters) – Britain’s biggest domestic lender Lloyds Banking Group contacted 2 million of its 26 million customers in May after identifying they could need extra support to cope with soaring food and energy prices and rising debt costs. The UK’s largest mortgage provider outlined options including debt consolidation,...
Rising Prices Curb Consumers’ Taste for Chocolate
Date: July 13, 2022
By Maytaal Angel and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumers are cutting back on chocolate due to the cost of living crises in Europe and the United States, according to new data and comments from executives at the world’s biggest chocolate companies. Overall U.S. chocolate retail sales volumes have been “off and down” 2%...
New Demands, New Approaches: How Can FinTech Help in the Insurance Industry?
Date: July 12, 2022
By James Turnbull, Chief Digital Officer, Reassured Consumer expectation has been raised over the last few years due to the acceleration in digital services. Many industries across all sectors have adopted this digital transformation, and as a result, the ways that customers want to access all services has changed for good – insurance is no...