Category : Banking

The Payments Council develops and supports the development of national and international standards for the payments industry. May 10, 2013 : ISO 20022, the global standard that ensures the reliable transfer of financial data, has now had a 2013 revision published, thanks to UK banking industry recommendations led by the Payments Council. The series of...

Selection done after international vendor evaluation September 01, 2016: Profile Software, an international financial solutions provider, announced the selection of its IMSplus platform by the Costa Rican-based BAC San Jose Puesto de Bolsa SA to manage their investment and client portfolios operations and to automate their processes. The Banking operations are headed by BAC San...

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...