Saturday, Dec 20, 2025

International Finance

Tag : banks

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Banks need not fear startups

International Finance Desk
by International Finance Desk
How data science can save traditional banking and insurance from GAFA Florian Douetteau December 12, 2016: In 2016, there are very few industries that big tech players (Google, Apple, Facebook and Amazon – or GAFA) don’t have their hands in. The finance industry is no exception; after having recovered from the global economic crisis of...
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Banking

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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BankingFinance

Ireland not keen to host high-risk trading post-Brexit

International Finance Desk
by International Finance Desk
Risks and scale have prompted this cautious response from Dublin November 29, 2016: Ireland has indicated to a number of large investment banks that it would be hesitant to host large trading operations. The Irish central bank has signalled in talks with banks that they would encounter serious hurdles to gain regulatory approval for these...
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Fintech

Tech companies beat banks in political lobbying in the US

International Finance Desk
by International Finance Desk
Silicon Valley spend is double that of banks IFM Correspondent October 27, 2016: That banks in the US cozy up to politicians is known to all. However, a study by Bloomberg shows that it is no longer just Wall Street, but also Silicon Valley which is getting into political lobbying. Bloomberg has stated that the...
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BankingFinance

UK millennials uneasy sharing personal info to open bank accounts

International Finance Desk
by International Finance Desk
Nearly half of respondents expressed security concerns about entering and viewing banking information on a mobile device October 21, 2016: A new research report released found that while millennials depend on their digital devices, they are still uneasy sharing personal information to open bank accounts. The report, UK Millennial Study: Privacy vs. Customer Experience in...
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BankingFinance

Bank consumers: Focus on service to keep me loyal

International Finance Desk
by International Finance Desk
Majority of consumers feel providers don’t value them October 21, 2016: A report released by marketing technology company, Wiraya highlights that businesses need to overhaul the way they communicate with customers or risk losing them to rivals. An overwhelming 86% of customers who left their bank, energy, mobile or insurance provider in the last six...
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Fintech

Ecommerce: Fraud by customers on the rise

International Finance Desk
by International Finance Desk
Buyers increasingly using chargeback option to get refund for their products Suparna Goswami Bhattacharya October 3, 2016: Online merchants are facing a new problem — fraud by customers. Firms are increasingly facing malicious activity in the form of chargeback or friendly fraud. According to Visa, chargeback fraud has been growing at around 41% every year,...
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Economy

Big banks still refuse transactions with Iran

International Finance Desk
by International Finance Desk
Fear backlash from US Suparna Goswami Bhattacharya September 08, 2016: Post-sanctions, things are not exactly smooth for Iran. Many international banks are not letting their customers carry out transactions with Iran. Recently, ANZ bank refused its customers transactions with Iran fearing a backlash from the US treasury. Though Australia has dropped trade sanctions with Iran,...
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Economy

Brexit: £50,000 per employee cost for relocation

International Finance Desk
by International Finance Desk
Banks and other financial services firms considering relocating parts of workforce away from UK July 19, 2016: Synechron Inc, a global consulting and technology innovator in the financial services industry, announced the results of its analysis that determined it would cost banks and other financial services companies an average of £50,000 per employee to relocate...
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