Thursday, Nov 28, 2024

International Finance

Category : Banking

UK’s payment systems regulator to foster more competition

International Finance Desk
by International Finance Desk
Right now, the sector mainly consists of bank controlled monopolies IFM Correspondent January 3, 2017: The UK’s Payment Systems Regulator (PSR) has decided to foster a more competitive domestic playing field. PSR has three main objectives — promote competition, promote innovation and ensure that payment systems are developed and operated in the interests of users. According...
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Barclays opens up opportunities for fintech startups in Africa

International Finance Desk
by International Finance Desk
The initiative is aimed at uncovering the next M-Pesa or Paypal IFM Correspondent December 23, 2016: Barclays has opened up an opportunity for fintech startups in South Africa, it aims to accelerate the growth of startups in the financial service industry by allowing them to work with financial technology experts in the coming year. The...
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Deutsche Bank to finally settle US mortgage probe

International Finance Desk
by International Finance Desk
Will pay $7.2 billion to resolve the case IFM Correspondent December 23, 2016: Deutsche Bank AG said it reached a $7.2 billion agreement to resolve a year-long U.S. investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fuelled investor angst. Deutsche Bank will pay a $3.1 billion civil penalty and provide $4.1...
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Deutsche Bank failure may bring down European banking system

International Finance Desk
by International Finance Desk
Angela Merkel is not expected to bail out the bank IFM Correspondent December 21, 2016: A senior financial analyst has claimed that if Deutsche bank is allowed to fail it may bring down the entire European banking system. Ewen Cameron Watt, a senior director at investment managers Blackrock Investment Institute, told CNBC: “If Deutsche Bank...
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KPMG International aggregated revenue for FY16 is $25.42 billion

International Finance Desk
by International Finance Desk
Growth driven by investments in innovation, alliances and people December 14, 2016: KPMG International announced aggregated network revenues of $25.42 billion for the fiscal year ending September 30, 2016 (FY16), representing an 8.0% increase in local currency terms. “KPMG’s strong FY16 results, in what remains a slow-growth global environment, are a testament to the passion and innovative thinking we...
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Implementing digital for banks and insurance

International Finance Desk
by International Finance Desk
How financial institutions can develop digital strategies as bricks and mortar become obsolete Alejandro Gonzalez & Pedro Fernández December 9, 2016: The way customers interact with banks and insurance companies has changed: according to Eurostat and The Financial Brand, as much as 40% of banking customers in the EU are active online banking users. That...
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PBF Solutions helps new challenger banks attract UK savers

International Finance Desk
by International Finance Desk
Fintech and marketing specialist attracts £2.6 billion in deposits December 6, 2016 : Financial technology and marketing services specialist PBF Solutions has announced that it has attracted over £2.6 billion in deposits and processed over 140,000 customer applications in just three years for new entrant challenger banks and overseas banks either entering the UK retail banking...
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How to thrive in the era of ‘Banking 3.0’

International Finance Desk
by International Finance Desk
Soon banking will no longer be ‘somewhere you go, but something you do’ Amin Lalani December 6, 2016: Today’s customers live in a hyper-connected society where their everyday lives and virtual networks are closely interrelated. Citizens want to go online anytime, anywhere, on any device. They want to experience high quality content and applications from...
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Verifone ropes in leading Danish retailers

International Finance Desk
by International Finance Desk
Dagrofa and REMA 1000 will offer consumers more cashless pay options at checkout November 30, 2016: Verifone (NYSE: PAY), a global provider of payments and commerce solutions, announced that Denmark’s third largest retail company Dagrofa and the country’s fastest growing discount chain REMA 1000 have selected Verifone to enable more options for the way consumers shop...
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