Category : Banking

Digital skills gap is estimated to be costing the UK economy £63bn a year in lost GDP Ashok Vaswani September 1, 2016: As the digital revolution strides forward, there’s no denying it is transforming the way we live and work. When I want to speak to my family in another country, I no longer write...

Report states that around 53% had not met a branch staff in a year August 30, 2016: More than half of Brits have not seen a member of their bank in over a year, as branch closures continue to annoy consumers, according to a new research. Of the 2,000 people surveyed by Neopay, 53% hadn’t...

Financial institutions mulling over biometric selfie to strengthen security Suparna Goswami Bhattacharya August 26, 2016: With the number of incidents of hacking on the rise, organisations, especially banks, are increasingly finding themselves vulnerable to cyber attacks. Various reports claim that the basic motive for data breaches is financial, which makes banks the main target. Verizon’s...

Growth due to increase in loan portfolio August 23, 2016: Panama’s positive performance, including 7.2% increase in loan portfolio, comes amidst continued reforms to strengthen financial transparency‎ framework The Panamanian Government announced that assets of the National Banking System reached over $99.6 billion, with a 4.6% increase over the same period in 2015. The increase...

Multiple bank relationships are essential but difficult to maintain Simon Streat August 19, 2016: Large corporate organisations engaged in international trade face many difficulties when managing credit lines and guarantees provided by multiple banks. Costs and fees can soon mount up as central visibility and control over thousands of instruments are lost in a maze...

The uncertainty of the UK leaving the EU has had ripple effects on Italy Nicolas Roth August 11, 2016: After an already disastrous start to the year, Italian banks plunged 30% following the Brexit vote. Obviously, there is no direct link between Brexit and Italy, but the uncertainty of the UK leaving the EU had...

The Philippine bank even has an Environmental Due Diligence system in place for financing projects August 10, 2016: LANDBANK’s environmental initiatives & programs are winning laurels The Philippine bank even has an Environmental Due Diligence system in place for financing projects The Land Bank of the Philippines (LANDBANK) is one of the few financial institutions...

Customers dissatisfied with banks applying high charges for sending money overseas August 2, 2016: A research says that traditional banks are at risk of being buried by new, innovative e-money providers if they fail to overhaul outdated fees and charges systems. Over half of the 2,000 respondents in the survey by Neopay reported frustrations with...

It will support and enhance risk management compliance and internal control processes July 29, 2016: Nasdaq BWise, a global leader in enterprise Governance, Risk Management and Compliance (GRC), announced that it has been selected by Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, to support and further enhance their risk management,...

Together they want to create digital banking services in Europe July 28, 2016: FinTech Group AG and Rocket Internet have agreed on a comprehensive technology partnership. In a first step, FinTech Group AG is developing a digital bank for Rocket Internet. Based on the banking license of its subsidiary Bank biw AG, FinTech Group AG...