Banking Archives

Uniformity across Direct Banking channels gives a boost to Odeabank

International Finance DeskJanuary 6, 2017

by International Finance DeskJanuary 6, 2017

Now, Direct Banking channels account for 83% of all transactions of the Turkish bank January 6, 2017: Having entered the Turkish banking industry at the end of 2012, Odeabank maintained steady growth and continued to solidify strong achievements. It capitalised on its competitive strength to rank 8th among private deposit banks and 9th in total...

Banking

UK’s payment systems regulator to foster more competition

International Finance DeskJanuary 3, 2017

by International Finance DeskJanuary 3, 2017

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...

Banking

Barclays opens up opportunities for fintech startups in Africa

International Finance DeskDecember 23, 2016

by International Finance DeskDecember 23, 2016

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...

Banking

Deutsche Bank to finally settle US mortgage probe

International Finance DeskDecember 23, 2016

by International Finance DeskDecember 23, 2016

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...

Banking

Deutsche Bank failure may bring down European banking system

International Finance DeskDecember 21, 2016

by International Finance DeskDecember 21, 2016

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...

Banking

KPMG International aggregated revenue for FY16 is $25.42 billion

International Finance DeskDecember 14, 2016

by International Finance DeskDecember 14, 2016

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...

Banking

Implementing digital for banks and insurance

International Finance DeskDecember 9, 2016

by International Finance DeskDecember 9, 2016

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...

Banking

PBF Solutions helps new challenger banks attract UK savers

International Finance DeskDecember 6, 2016

by International Finance DeskDecember 6, 2016

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...

Banking

How to thrive in the era of ‘Banking 3.0’

International Finance DeskDecember 6, 2016

by International Finance DeskDecember 6, 2016

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...

Banking

Verifone ropes in leading Danish retailers

International Finance DeskNovember 30, 2016

by International Finance DeskNovember 30, 2016

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...