Finance Archives

‘Now, we have to deliver even more than expected’

International Finance DeskOctober 3, 2016

by International Finance DeskOctober 3, 2016

Interview with Cezary Kocik, Vice-President of the Management Board, Head of Retail Banking, mBank Suparna Goswami Bhattacharya October 3, 2016 What factors led the transition of BRE Bank from a corporate bank to retail banking and eventually mBank? When BRE Bank decided to establish its retail business, Poland was just past a decade of transition....

Fintech

Ecommerce: Fraud by customers on the rise

International Finance DeskOctober 3, 2016

by International Finance DeskOctober 3, 2016

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,...

Economy

China to be world’s first trillion dollar aviation market

International Finance DeskSeptember 28, 2016

by International Finance DeskSeptember 28, 2016

Airbus and Boeing are best placed to take advantage of this growth Suparna Goswami Bhattacharya September 28, 2016: Slowing economy and tough government regulations notwithstanding, China is all set to become the world’s first trillion dollar aviation market by 2035. According to manufacturers Airbus and Boeing, the Chinese aviation market looks one of the most promising...

Finance Islamic Banking

More sovereign sukuk on the way

International Finance DeskSeptember 23, 2016

by International Finance DeskSeptember 23, 2016

This was the opinion of delegates at the IFM’s summit on Islamic finance - Tim Evershed...

Fintech

Yahoo reveals world’s biggest data breach

International Finance DeskSeptember 23, 2016

by International Finance DeskSeptember 23, 2016

Happened in 2014 and at least 500 million users were affected IFM Correspondent September 23, 2016: Yahoo, the California-based tech giant, on Thursday said personal information of at least 500 million users was stolen in an attack on its accounts in 2014. The attacker was a ‘state-sponsored actor’, and stolen information may include names, e-mail...

Finance Islamic Banking

Islamic funds are not just an alternative

International Finance DeskSeptember 22, 2016

by International Finance DeskSeptember 22, 2016

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...

Fintech

Enforcing debt when trading with Eurozone customers

International Finance DeskSeptember 19, 2016

by International Finance DeskSeptember 19, 2016

Implications of Brexit and the importance of a carefully designed risk management strategy Sophie Brackenbury September 19, 2016: Our commercial dispute resolution team was recently instructed to advise on the enforcement of a debt owed to a German business (our client) by a UK company, as part of our debt recovery service. The outcome was...

Economy

United States, Canada and UK are best countries for social entrepreneurs

International Finance DeskSeptember 19, 2016

by International Finance DeskSeptember 19, 2016

Sector steadily growing but lack of understanding and Brexit may hamper growth September 19, 2016: The US, Canada and the UK are the best countries to be a social entrepreneur according to the results of a global perception poll by the Thomson Reuters Foundation conducted in partnership with Deutsche Bank, UnLtd, the Foundation for Social...

Banking

Are banks ready for the era of open banking?

International Finance DeskSeptember 16, 2016

by International Finance DeskSeptember 16, 2016

The Open Banking Standard Group seems to be making headway in bringing more transparency and openness to the sector Winston Bond September 16, 2016: It has long been held that the workings of the financial sector are so opaque that the average person is more likely to get a divorce than to switch banking providers....

Finance Islamic Banking

IFM – OMAN SME SUMMIT – September 13-14

International Finance DeskSeptember 13, 2016

by International Finance DeskSeptember 13, 2016

Over 50% fail within five years, which is a drag on efforts by the Gulf nation to diversify its oil & gas based economy His Highness Al Sayyid Dr. Adham Turki Al Said arriving at the venue flanked by Abdul Hakeem Omar Al Ojaili and His Excellency Dr. Ali Saud Al-Bemani His Highness Al...