International Finance

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Banks need not fear startups

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...
Banking

Implementing digital for banks and insurance

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...
Banking

How to thrive in the era of ‘Banking 3.0’

Soon banking will no longer be ‘somewhere you go, but something you do’ Amin Lalani December 6, 2016: Today’s customers live in a hyper-connected society where their everyday lives and virtual networks are closely interrelated. Citizens want to go online anytime, anywhere, on any device. They want to experience high quality content and applications from...
Banking

Verifone ropes in leading Danish retailers

Dagrofa and REMA 1000 will offer consumers more cashless pay options at checkout November 30, 2016: Verifone (NYSE: PAY), a global provider of payments and commerce solutions, announced that Denmark’s third largest retail company Dagrofa and the country’s fastest growing discount chain REMA 1000 have selected Verifone to enable more options for the way consumers shop...
BankingFinance

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

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...
Wealth Management

Driving the company to be a ‘People Business’

Thai Life Insurance Public Company Limited believes that ‘people’ are the key factor in their business IFM Correspondent November 28, 2016: Thai Life Insurance Public Company Limited is the country’s first life insurance company. It was founded 74 years ago. In 2014, the company altered its vision, mission and core values to become a cutting-edge...
BankingFinance

‘Banks in Afghanistan want to convert difficulties into opportunities’

Interview with CEO of Azizi Bank IFM Correspondent November 28, 2016: Dr Mohammad Salem Omaid is the President and CEO of Azizi Bank. Prior to this, he has been the Deputy CEO of the bank for more than five years. Dr Omaid has been a great influencer and motivator in structuring the bank and guiding...