International Finance

Tag : banking

BankingFinance

Metro Bank launches internet banking platform

Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...
BankingFinanceFintech

Citi launches global API developer portal to allow open banking

IFM Correspondent The banking giant joins hands with developers and consumer brands to lead innovation November 17, 2016: American banking behemoth Citi unveiled a new global application programming interface (API) developer portal on November 10, which it says is the most comprehensive one available in today’s financial services market. The portal enables Citi to connect...
BankingFinance

Europe may be at the mercy of US banks

US banks are about to surpass their European counterparts in the European investment bank market, which could, in the future, be dominated by the big five American banks Dirk Schoenmaker & Charles Goodhart October 25, 2016: The European banking system is downsizing. As a consequence, the big US investment banks are on the rise in...
Banking

Swiss bank loses Singapore banking licence

But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...
Banking

ING to shed 7,000 jobs

Jobs cuts to mainly take place in Belgium and The Netherlands IFM Correspondent October 4, 2016: Dutch bank ING, the country’s biggest lender, announced plans to shed 7,000 jobs, mainly in Belgium and The Netherlands. The plan is part of cost cutting measure for the company, which will help it save $1.01 billion by 2021....
Business Leaders

The Rise of a Telecom Billionaire

Carlos Slim’s net worth is equivalent to 7 % of Mexico’s GDP and for Bill Gate’s to have a same grip on the U.S. economy he would need 909 billion and own Alocoa, Philip Morris, DoNuts, Citi Bank, Marriott and Jet Blue....
Banking

Blockchain adoption fast in banking and financial markets

International Finance Desk
Some 65% of banks expect to be in production in three years September 29, 2016: Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds a new IBM study. Fifteen per cent of banks and 14 per cent of financial market institutions interviewed intend to implement full-scale,...
FinanceIslamic Banking

Islamic funds are not just an alternative

International Finance Desk
Their success is turning them into a source of competition for the conventional funds industry Camille Paldi September 22, 2015: More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately $60 billion compared to 70,000 conventional funds with AUM of $19trillion.  Currently, a wide variety of...
Uncategorized

Oman SME Summit 2015: Opportunities galore

International Finance Desk
As the Gulf nation presses ahead with diversifying its oil-dependent economy, be there on September 13-14 to see what’s in it for you In today’s fast-paced and dynamic market environment, SMEs undoubtedly play a vital role. Though the term needs no explanation, for the sake of clarity, Small and Medium-sized Enterprises (SMEs) are non-subsidiary, independent...