Connect with us

Finance

Transcript of a Press Briefing by David Hawley, Deputy Director, External Relations Department, International Monetary Fund

Published

on

gbaf1news

MR. HAWLEY: Good morning, ladies and gentlemen, and welcome to another of our regular briefings for the media. I am David Hawley from the External Relations Department of the IMF. As usual, our briefing is under embargo until 10:30 Washington, that's 1430 GMT.
Before going to your questions, let me as usual do a couple of housekeeping remarks. Press registration for the Annual Meetings of the IMF and World Bank is open, so if you intend to come, I encourage you to register. Our next press briefing will look forward to the Annual Meetings, and that's scheduled for September 8. And for planning purposes, the bulk of the media events at the Annual Meetings will be during the week beginning September 19, and the IMFC (International Monetary and Financial Committee) is at the end of that week, on September 24.
Managing Director Christine Lagarde and First Deputy Managing Director John Lipsky will attend this weekend's Jackson Hole Symposium hosted by the Federal Reserve Bank of Kansas City. The Managing Director will be on a panel on Saturday approximately midday or early afternoon Washington time with President Trichet of the ECB. She will make remarks to that panel and if possible we'll give you the text of them, but we'll have to confirm any arrangements of release of remarks nearer to the time. With that, over to your questions.
QUESTIONER: The situation in Libya is changing quickly, so I'd like to know: is the IMF providing assistance, or will you provide any assistance, to the (country)?
MR. HAWLEY: Thank you for your question. We at the Fund are monitoring developments in Libya and hope of course that there will be a swift end to the civil conflict. The nature of our engagement going forward will depend on the wishes of any internationally recognized government in the country. So to underline, we're following events. We will await an expression of the wishes from an internationally recognized government.
QUESTIONER: Also following-up on Libya, you talked about an internationally recognized government. Thirty governments have already recognized the rebel TNC. As I understand it, the IMF will need to recognize it officially, separate from what the U.N. or anybody else is doing, also for any kind of lending from other development institutions to happen. Do you know of any sort of movement going on now within the IMF to move that forward? The White House, the Treasury, everybody has said they recognize these guys. What formal procedures need to happen?
MR. HAWLEY: In the case of Libya as in other similar cases, the Fund's process of recognition of a new government is guided by, in other words, we follow, the views of the international community. Events are still unfolding and we're following them. When there is a clear, broad-based international recognition of a new government in Libya, it's at that point that the Fund could or would move toward recognition.
QUESTIONER: May I follow-up on that? So when you talk about the international community, you're talking about your member countries or does it have to go through the U.N.? How does that work?
MR. HAWLEY: Thanks. It's the member countries of our organization, but since there are 187, it is much the same thing as saying the entire international community, but it's following the wishes of the countries who are our members.
QUESTIONER: I have a question on Greece. We know that a mission is in Greece. Could you give us some sort of feeling on how the mission is feeling as it goes into this next process? As you know, there seem to be some delays with regard to the private-sector debt swap. I think only half of the private-sector banks have signed up for it. The Fund said last month that it was a little worried about that process, that it needed to move quickly.
MR. HAWLEY: There are several questions in one there, so stop me if I don't cover what you're asking. Let me bring you up to date on the mission. The fifth review mission is currently in Athens. It's expected to conclude its work around September 5, and assuming agreements are in place, the IMF Executive Board could be in a position to consider approval of the next disbursement toward the end of September. You had a question on PSI (private sector involvement)?
QUESTIONER: I had a question on the private sector. The Fund issued a statement maybe earlier this month expressing concern that the process should not be delayed, saying it needs to move quickly forward. Since only 50 percent of the banks so far have signed up, how is it important is it that this process gets completed and gets done for Greece to be sustainable?
MR. HAWLEY: What can I say? We're discussing with the authorities the current program review and that's what our focus is at the moment. I don't have anything to add to the earlier statement that you mentioned.
QUESTIONER: Would the PSI be part of those discussions?
MR. HAWLEY: The PSI is not contingent — is not part of the fifth program review.
QUESTIONER: May I change the subject? I wanted to ask about Ukraine. The Fund issued a statement yesterday about a meeting on Tuesday. Incidentally, Tuesday was the earthquake, so if you could mention where the meeting took place out of — but substantively, the talks resulted in the mission being postponed until late October. My question is: what was the reason for that? What needs to happen before the mission? Can the date be moved forward for the mission?
MR. HAWLEY: I haven't anything to add to what we said on Ukraine. The discussions took place in Washington. Let me underline Mr. Lipton's main expression of our views, which was the importance of strong policies, and reforms being necessary to overcome delays and complete the second review, but I don't have further detail at this stage. But I can tell you that the next mission is now scheduled for October. I don't have a time in October.
QUESTIONER: Is it true though that the mission had originally been scheduled for late August?
MR. HAWLEY: I'd have to get back to you on the original mission scheduling.
I've got a question on Turkey: when will an IMF mission come to Turkey for the next Article IV Consultation? I can say that the mission will start on September 6.
QUESTIONER: I have another follow-up on Greece in trying to understand what's going on. I think that's what I'm trying to get from you. There is discussion that there might be a follow-up program, more money for Greece. Is it the understanding from the Fund that that is going be on the table? Could a new program emerge from these discussions? Then I have another follow-up.
MR. HAWLEY: Let me make clear that what we're talking about in this mission is the current review.
QUESTIONER: Everyone is expecting Greece to come to you to ask for a second program, so I assume it hasn't been done, and we still don't know what the share of the IMF would be. Are you still of the philosophy as are the Europeans to provide a third?
MR. HAWLEY: As you know, it is not set in stone what the share of a Fund-European distribution of financial support is. As you know, in the past it has been approximately two-to-one.
QUESTIONER: You did not answer the question as to has there been a request.
MR. HAWLEY: We haven't had a request for a new program. I've got a question which is about the two-part agreement between Greece and Finland: "Do you support the two-part agreement?" We understand this discussion is continuing among Euro Area member states on the appropriateness and technical feasibility of such arrangements, but at this time we don't have a specific comment on that discussion.
QUESTIONER: I'm going to come back to Libya. Clearly the Fund has been monitoring this and you've been working in coordination possibly with the U.N. Has the Fund done any sort of assessment or have you already started looking at what sort of rebuilding is needed for Libya or what kind of possible engagement is necessary in this kind of post-Qaddafi Libya?
MR. HAWLEY: We would have to access the economic impact of the conflict. Clearly it's had an impact on crude oil exports which have largely dried up, but we haven't got an up-to-date assessment of the impact.
QUESTIONER: Is the Fund at all involved in the frozen assets issue?
MR. HAWLEY: Not that I'm aware of, no.
QUESTIONER: You mentioned crude oil exports. Have you tried to assess the impact of the halting of those exports?
MR. HAWLEY: We simply have an assessment of the drying up of the exports. They have already entirely stopped. But we'll have to wait for the situation to settle a little before we can give you a more informed view of the economic situation in Libya.
QUESTIONER: Do you expect Libya to be discussed at the IMF meetings? Is it on the program?
MR. HAWLEY: The IMFC agenda has yet to be finalized. As you know, the meetings are typically an occasion where issues of current international topicality are discussed so I wouldn't be surprised to see Libya as an object of discussion, but don't think of the meetings as centered around Libya.
QUESTIONER: Who do you expect to represent Libya in those meetings?
MR. HAWLEY: I don't know at this stage.
QUESTIONER: I know I'm jumping around a little bit, but let me come back to Greece. As you know, some emerging market countries have expressed concern about the Fund getting involved in another major bailout for Greece and I was wondering whether that sentiment is going to affect anything that the Fund does on Greece or would that have to be what the Board discusses?
MR. HAWLEY: Let me give two responses to that which are both in general terms. One is that the Fund is very adequately financed at the current time. Second, the decision to support a member country is a function of that member country's needs and financing requirements.
QUESTIONER: I was wondering if there is any plan for Dominique Strauss-Kahn to come and talk to the staff since there has been some talk about that in France?
MR. HAWLEY: Like any former Managing Director of the IMF, Mr. Strauss-Kahn would be welcome to visit the Fund and I understand that he intends to make a personal visit to headquarters.
QUESTIONER: Is it to meet with Ms. Lagarde or the staff?
MR. HAWLEY: It's a personal visit during which I expect he would meet with the staff. I don't have any further details on a visit which is not yet fully fleshed out.
QUESTIONER: I was going to ask — what time and date can we be here?
MR. HAWLEY: It could be as early as next week, but if there were such a visit, it would be a personal one and essentially a private one so it wouldn't be open to the press or the public.
QUESTIONER: I was wondering if the Fund has any updated comment on how you see the global economic environment right now. You've just come off recess. It's been a few weeks. There's been massive turmoil in the markets. Most of it seemed to be centered around advanced economies. And I was wondering if you have any comment on Japan and the yen.
MR. HAWLEY: I'll start with Japan. We don't comment on specific intervention operations. On the outlook, as you know, our flagship publications, "The World Economic Outlook" (WEO), the "Global Financial Stability Report" (GFSR) and "The Fiscal Monitor" are going to be published about a month from now, on September 20 and September 21. In general our view of the outlook is that activity has weakened and become more uneven and the outlook has deteriorated since the (June 2011) WEO, but I don't have any precision. You'll have to wait for the publication of the WEO, the GFSR and "The Fiscal Monitor."
QUESTIONER: David, is it the Fund's view that the EFSF (European Financial Stability Facility) needs to be worked on a little bit more? Is it satisfied that the Europeans have moved adequately to deal with their debt problems?
MR. HAWLEY: We earlier as you probably know welcomed the decision to increase the effective size of the EFSF, and in the same spirit, we expect that the size of this fund would be adjusted should that need arise.
I'll take a question if I may on the Horn of Africa. As you know, the Managing Director made a statement yesterday expressing the Fund's concern about the human cost of this worst drought in two generations, and I have a question on how we're responding specifically. She mentioned that we're in contact with two countries, so I don't have anything beyond that. Also what we're doing on Somalia and what the situation is on Eritrea. As you know, we don't have an operational relationship with Somalia because there hasn't been a recognized government for many years. I don't have anything specific on a timeline of contacts with Eritrea either.
QUESTIONER: Can you recap? I assume you were talking about Libya at the beginning of the briefing? Can you restate what was said there?
MR. HAWLEY: My main message was that the Fund is monitoring developments in Libya in hopes that there will be a prompt end to this civil conflict. Looking forward, the Fund stands ready to support any member country, but the nature of our future engagement with Libya will depend on the wishes of an internationally recognized government in that country. Unless there are other questions, I'll wrap up. I do have a question which is on euro bonds. He asks, "Does the IMF think euro bonds would be a good near-term solution to the current problems? Has the Fund encouraged their development and what are your thoughts on their structure?" He also asks about the Finnish collateral deal which we dealt with earlier. Let me remind you what we've said on this. There was specific language in the Euro Area Article IV report which said the European stability mechanism could evolve into a European Debt Management Agency if the political will were mustered for limited fiscal integration. That included common bonds backed by enhanced Euro Area fiscal capacity. That's making the point generally that to function well, any common currency area needs some form of fiscal integration and that means that common bonds such as euro bonds is one such option in that effort.
Thank you very much. The briefing is under embargo until 10:30 Washington time and that's 1430 GMT, and the next briefing is September 8. Thank you very much
Source: www.imf.org
 

Finance

Beyond Transactions: The Payment Revolution

Published

on

Beyond Transactions: The Payment Revolution 1

By Marwan Forzley, CEO of Veem 

The uninterrupted disruption brought on by the pandemic accelerated the need for robust, digital-first tools created to support remote teams and accelerate online commerce.

As offices across the US moved to work from home for indefinite periods, specialized back office departments handling sensitive information have had to go a layer deeper to find tailored solutions that support the transition of their in-person workflow. For finance teams, payment approvals, issuance, and general management became a challenge overnight. Particularly for those who — even in 2020 — continued to send and receive paper checks through the mail.

For years and even to this day, millions of small business owners around the world have relied on slow and confusing bank processes to manage their business finances. Every day, they spend valuable time using old, complex and expensive platforms to transact with domestic and international vendors — never knowing where their payment is or even when it arrives at its destination.

With ongoing economic and logistical uncertainty looming as we move into 2021, this old norm should not be expected for much longer. This year has seen small business owners wear more hats than ever before, and has influenced a mass adoption of online financial applications that offer heightened security, save more time, and provide more value as budgets tightened.

A study conducted by Mastercard earlier this year saw online business-to-business payments skyrocket in popularity with more than half (57%) of small business owners across North America turning to digital services since the start of the pandemic to improve cash flow and modernize their payment processes.

If this study is of any indication, the days of making an appointment with a banker or sending a wire transfer through an outdated web portal have passed. And the time for the payment revolution is here.

Putting the user in the driver’s seat

Major world events have always acted as a catalyst for innovation and change. As of a result of the growing pains we experienced this year, in 2021 businesses can finally say goodbye to huge transaction fees and bank-imposed gatekeeping when it comes to managing their financial processes.

The financial technology firms, in partnership card and local bank networks and sometimes even each other, have been building and iterating on products over the past decade that were created to work flawlessly from a desktop or smartphone.

For the first time, small businesses have access to needed, user-friendly financial tools packaged to make their lives easier. No longer reserved for major enterprises, those previously underserved by traditional banks can sign up for applications that consolidate billing, payments, working capital and more to one central dashboard.

With the owner in the driver’s seat, they can better communicate with vendors and customers and reallocate their time previously spent manually sending, receiving and reconciling payments toward growing their business — without ever stepping foot out of their home.

Marwan Forzley

Marwan Forzley

Genuinely seamless and automatic integrations with complimentary functions aligned to core financial activities mark a fundamental change in how businesses will choose to operate moving forward. Not only should experiences be integrated, but the entire lifecycle of the transaction should be digital.

Consider a freelance contractor that uses a time tracking and invoicing software to invoice a client. Through an integration between the time tracking tool and Veem (a complete online business payment tool) the client receives and captures the invoice within their Veem payment dashboard. Because Veem and Quickbooks are integrated partners, as soon as the invoice is received, a bill is automatically created, marked as paid, and reconciled on the client’s accounting software as soon as the funds are issued.

In this flow, the contractor only needs to send an invoice, and the client only has to approve the payment for everything else to move. Thoughtful integrations like these empower businesses to log-in to one application, but benefit from several, ultimately eliminating inefficiencies.

Relentless transparency

Understanding that old habits die hard, it’s expected that businesses of any size have questions when it comes to moving payments from a bank to an online provider.

Answering these questions with unprecedented product value and relentless transparency is the best way forward to bring more businesses onboard in 2021.

This means providing up front pricing, tracking, choice and flexibility to users. Before, during and after the pandemic, cash flow management remains the most critical part of running a small business. Digital payment providers enable the entrepreneur to have unparalleled insight, visibility, and control over their cash flow.

Through non-bank payment options, businesses can secure their information over a secure data network, watch their money move from origin to destination, and choose the speed at which they would like funds to move. By these tools working in harmony, the user can remove friction and spend more time focused on their business.

Separating the signal from the noise

2020 is a year that changed everything for the global small business community. In a report by Veem issued at the start of the pandemic, an overwhelming 80% of businesses shared that they anticipated COVID-19 to impact their business over the next 12-16 months. Problems surfaced that many didn’t even realize they had. And in finding those problems, businesses turned to technology to support them.

As enabling technology, it’s our job to listen and bring clarity and solutions to those contributing to and growing our local and global economies despite the hurdles and challenges they’ve faced.

Right now, small businesses deserve more. More access, more choice and more credit. In the road ahead we expect online payments and bundled user friendly financial services to play a pivotal role in the recovery of small businesses. The payment revolution will see the continuation of important and meaningful products that value the users time and enable businesses to launch, grow, and scale regardless of what’s to come in 2021.

Continue Reading

Finance

The UK’s hidden payments crisis: why businesses should rethink their payments strategy

Published

on

The UK’s hidden payments crisis: why businesses should rethink their payments strategy 2

By Edwin Abl, Chief Marketing Officer at Modulr.

As the economic conditions imposed by the Coronavirus endure, businesses are facing a dilemma about how to reduce operational costs while meeting customer needs in as economical a way as possible. And all without compromising on their quality of service.

A recent survey of 200 payments decision makers across the UK, revealed there are hidden costs of payment processing which will have an exponentially greater impact on wider businesses if left untreated. It found, UK businesses are spending an average of £1.5m a year in costs attached to payments – money they simply cannot afford to lose to inefficient processes in these uncertain times.

Businesses need to plug any holes in their boat to avoid sinking. And for many this includes the examination and recalibration of their payments strategy.

The research reveals that the payments process now represents a huge 12% of a business’s total operational expenditure. With two-thirds (64%) of all businesses expecting the cost of payment processing to increase over the next two years.

Two thirds (67%) of payments decision makers surveyed believe the way they process, and service payments has had a direct impact on their customer experience. In fact, 62% of respondents believe the hidden costs of poor payments outweigh the hard costs. This indicates that a poor payments strategy is no longer something business leaders can ignore, as it now has a far greater and unseen impact on wider business mechanics.

The top three hidden costs attached to inefficient payment processes were ‘impact on customer experience/satisfaction’ (38%), ‘influence on relationships with other teams and departments (35%) and ‘impact on competitor differentiation’ (31%).

These findings suggest there is widespread consensus that getting payment operations right, directly creates performance boosts elsewhere in the business. When asked to estimate, as a percentage, the business performance boost received if hidden payment inefficiencies were resolved, the average margin for improvement was +14%, with traditional banking the sector most likely (31%) to predict a performance gain greater than +15%.

The 5 key steps UK businesses can take to drive payment efficiencies

There are five key areas payments decision makers and tech leaders should be looking to change, so that they can drive end-to-end payment process efficiencies:

1 – Locate hidden payment process inefficiencies

Visibility is a key issue. Respondents across large (46%) and small businesses (47%) say they have very clear metrics directly related to payment process costs. Only 8% say that they don’t understand the costs involved. Yet, businesses know they could do better with improved visibility of costs. Both large and smaller companies cite ‘lack of visibility for operational costs’ as the top challenge when it comes to achieving strategic goals around payment process and money services provision.

Digital banking companies, including lenders and FinTechs, identified ‘lack of visibility for operational cost’ as a challenge when it comes to increasing payment services revenue (37%). This is in comparison with all respondents mentioning other issues such as lack of skills (25%) and constrained resources (25%) as secondary and tertiary challenges respectively.

For many businesses, developing a cost model for current and projected payment process costs, both hard and hidden, is a top priority.

2 – Make payments key to stakeholder experience management

Customer, departmental and even supply chain partner experiences are increasingly intertwined. There is no doubt that customer experience is a top priority for payment services strategy. But enhancing the broader stakeholder experience is a close second, and certainly complements the former.

Employee experience affects customer experience. So, payment services innovation must extend beyond customer touchpoints. Happy employees who feel they are working with effective and efficient payments systems will be best placed to enhance the customer experience. And, employees in commercial roles who have bought into the benefits of efficient payments will naturally want to extoll those benefits to customers.

Edwin Abl

Edwin Abl

Companies with a sophisticated and integrated supply chain are likely to be the frontrunners in implementing the integrated payment services that benefit all stakeholders, due to their historic experience. As customer experience management evolves into a broader discipline of stakeholder experience management, including employees and supply chain partners, it will become more crucial than ever to include payment services experience

3 – Integrate and automate to support payment innovation

Payment innovation is driving a culture change, connecting previously siloed functions such as IT and finance. There is increasing integration of systems from customer relationship management (CRM) and enterprise resource planning (ERP), into accounts and payments. The research tells us that payment processes are impacting nearly every department, affecting areas including customer experience, brand, leadership, business agility and ultimately, revenue. Integration enables new business models for paying suppliers and customers.

Automation is key to driving efficiency, replacing manual error-prone and time-consuming processes with real-time and responsive, digital ones. This is particularly the case when it comes to operational and payment processes.

Indeed, 52% of large companies say that team hours spent on payment processes was their biggest hard cost attached to payments, compared with 26% of smaller companies who share that view. This suggests that automation could contribute more to cutting the cost of payment processes in large companies.

A host of payments-as-a-service providers (including Modulr) are supporting customers to do just this by enabling them to stream a whole unified product ecosystem of payments functionality directly into their own software.

4 – Bring business leaders together

Payments innovation is driving systems integration and creating a more collaborative stakeholder ecosystem. As all the C-level roles become increasingly focused on the customer experience, the finance remit now includes overall business operations and its associated risks and opportunities. The role is evolving beyond just accounting, tax liability and funding. Therefore, closer collaboration between senior leaders is key to driving efficiencies and enhancing customer experience.

5 – Innovate by adding finance and payments to vertical services

Companies with a vertical focus are well placed to innovate by offering new payment services. In many vertical sectors, especially employment services, software vendors are increasingly embedding financial services facilities, such as payments, into their technology platforms. Employment services SaaS providers, across payroll, accounting, bookkeeping and more are offering financial services to existing and new customers within their specific ecosystem.

This means they can develop hyper relevant, convenient and delightful financial products and services for their end users through highly flexible, ‘plumbed in’ payments. This creates an ecosystem of stickier products while boosting the lifetime value of each end user.

Moving forward – engaging technology to drive efficiencies

If the onset of the Coronavirus crisis has taught us anything, it is that there are many advantages to investing in technology and having a digital infrastructure as responsive as your customer-facing experience.

However, whilst digital technologies enable companies to provide customer service in new ways during lockdown. These same businesses are failing to transform their digital strategies, with the biggest priority still being cost reduction (41%).

By not shedding legacy technology and shoring up operational efficiency, UK businesses are following an increasingly risky strategy. And one which will have an exponentially greater impact on the wider business if left untreated. Particularly when this widespread failure to act concerns the customer experiences that sit at the very heart of a proposition – the payments.

To find out how you can drive payment efficiencies into 2021 and beyond, download the full report here for all the insight you need.

Continue Reading

Finance

Gain financial regulation qualification online

Published

on

Gain financial regulation qualification online 3

Gain financial regulation qualification online  

Warwick Business School in partnership with the Bank of England are delighted to offer two online specialist Postgraduate Awards, which are perfect for anyone working in financial regulation to evidence their professional development.

  • Financial Conduct, Leadership & Ethics – Starting in February 2021
    You will debate and cover questions such as how do financiers judge ethical questions in financial markets? What are the implications for regulators and for clients?
  • Financial Regulation & Supervision – Starting in June 2021
    You will develop a comprehensive understanding around financial regulation by looking at topics such as its tools, benefit and practical application.

Studied online over a period seventeen weeks, you will gain a detailed knowledge of the subject, learn industry best practice and gain a qualification to evidence your understanding.

The wider Global Central Banking & Financial Regulation qualification offers three start dates and four qualification levels.

Gain financial regulation qualification online 4

Invest in your career

Find out more about these Awards and the qualification levels offered by Warwick Business School in partnership with the Bank of England, by downloading the brochure here.

This is a sponsored feature

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

Beyond Transactions: The Payment Revolution 5 Beyond Transactions: The Payment Revolution 6
Finance15 hours ago

Beyond Transactions: The Payment Revolution

By Marwan Forzley, CEO of Veem  The uninterrupted disruption brought on by the pandemic accelerated the need for robust, digital-first...

The UK’s hidden payments crisis: why businesses should rethink their payments strategy 7 The UK’s hidden payments crisis: why businesses should rethink their payments strategy 8
Finance15 hours ago

The UK’s hidden payments crisis: why businesses should rethink their payments strategy

By Edwin Abl, Chief Marketing Officer at Modulr. As the economic conditions imposed by the Coronavirus endure, businesses are facing a...

Investing into a more sustainable future: changing businesses from the inside out 9 Investing into a more sustainable future: changing businesses from the inside out 10
Top Stories15 hours ago

Investing into a more sustainable future: changing businesses from the inside out

By Shawn Welch, Vice President and General Manager of Hi-Cone Worldwide As industries across the world are facing unprecedented uncertainty...

Securing Information Throughout the Supply Chain – Preventing Supplier Vulnerabilities  11 Securing Information Throughout the Supply Chain – Preventing Supplier Vulnerabilities  12
Top Stories16 hours ago

Securing Information Throughout the Supply Chain – Preventing Supplier Vulnerabilities 

By Adam Strange, Data Classification Specialist, HelpSystems  The financial services sector is experiencing extreme disruption coupled with rapid innovation as...

RegTech 2020: The rise of Open Banking 13 RegTech 2020: The rise of Open Banking 14
Banking17 hours ago

RegTech 2020: The rise of Open Banking

This month on the RegTech 20:20 podcast, host Alex Ford is joined by industry experts Gavin Littlejohn, Chairman of The...

The case for AI technology adoption in financial back-office roles to improve efficiency 15 The case for AI technology adoption in financial back-office roles to improve efficiency 16
Technology19 hours ago

The case for AI technology adoption in financial back-office roles to improve efficiency

By Tomas Gogar, AI CEO, Rossum In this era, digital transformation isn’t anything new. Nonetheless, it can still cause a...

Gain financial regulation qualification online 17 Gain financial regulation qualification online 18
Finance19 hours ago

Gain financial regulation qualification online

Gain financial regulation qualification online   Warwick Business School in partnership with the Bank of England are delighted to offer...

COVID-19: Dealing with fraudulent applications for the Bounce Back Loan Scheme 20 COVID-19: Dealing with fraudulent applications for the Bounce Back Loan Scheme 21
Finance23 hours ago

COVID-19: Dealing with fraudulent applications for the Bounce Back Loan Scheme

By Ed Lloyd, EVP Global Head of Sales, Encompass The COVID-19 pandemic is still having a devastating impact on businesses...

EU Commission sets out new intellectual property action plan affecting SEPs, patent pooling and EU design protection 22 EU Commission sets out new intellectual property action plan affecting SEPs, patent pooling and EU design protection 23
Business1 day ago

EU Commission sets out new intellectual property action plan affecting SEPs, patent pooling and EU design protection

By Andrew White, Partner and UK & European patent attorney at intellectual property firm, Mathys & Squire The EU Commission...

InsurTech is helping to drive the digital evolution of the UK motor retail industry 24 InsurTech is helping to drive the digital evolution of the UK motor retail industry 25
Technology1 day ago

InsurTech is helping to drive the digital evolution of the UK motor retail industry

By Alan Inskip, Tempcover CEO & Founder If the last nine months have made anything clear, it is that the...

Newsletters with Secrets & Analysis. Subscribe Now