International Finance

Tag : Islamic Finance

Fintech

Relevant and Essential: ICT for the New Bank

BY DEEPAK BHATIA. 18th November 2013 As some of you may have heard, the World Bank is in the middle of an extensive change process, with the goal of making us more responsive and nimble in addressing the needs of our client countries. In the ICT Practice, we are convinced that an important part of...
Banking

Switzerland Tops Financial Secrecy Index

An estimated $ 21 trillion to $ 31 trillion of private financial wealth is located in untaxed or sparsely taxed secrecy jurisdictions, according to the Tax Justice Network. November 18, 2013 : Switzerland, the world’s largest centre for cross border wealth management, retained the top spot in a financial secrecy index by the Tax Justice Network...
Economy

French Economy Contracts as Exports Fall

A report released by OECD warned that the growth of the country is falling behind southern European countries that have cut labour costs to induce growth. 15th November 2013 The French economy contracted by 0.1 percent, negating the prospects of revival from robust growth in the previous three months. It had been expected to post...
Fintech

Can’t Pay, Won’t Pay: The Prompt Payment BattleGround

The prompt payment code was put into place to encourage speedier payment of small suppliers by some of the UK’s largest companies and prevent retrospective change to payment terms. 14th November 2013 The prompt payment code was put into place to encourage speedier payment of small suppliers by some of the UK’s largest companies and prevent retrospective...
FinanceWealth Management

Top tips for successful equity crowdfunding

Crowdfunding sites enable entrepreneurs to showcase their business and the investment opportunity it offers to potential micro-investors. 14th November 2013 Crowdfunding sites enable entrepreneurs to showcase their business and the investment opportunity it offers to potential micro-investors – people who choose the idea, person or business they want to invest in, and the amount they...
Economy

Seven KPI’s For Purchase-To-Pay Process Success

A review of case studies found that early pay discounts could amount to approximately U.S. $2.2 million per U.S. $1B spend. 14th November 2013 Companies are experiencing increased pressure across their international supply networks. They’re often involved in complex customer and supplier relationships and must be able to handle the complex transactions that take place. ...
Fintech

Popularity Of “Cash for The Internet Is Still Increasing

The introduction of the online account “my paysafecard” in several European countries has been another huge success for paysafecard group this year. 13th November 2013 Since its launch in 2000, the idea behind paysafecard is to provide consumers with a payment method for the Internet that is as easy to use and safe as cash....
Economy

How Mats Helped A Building Society Create Award-Winning Customer Experience

Peter Dockerill, Lending and Savings Manager at The Cambridge Building Society. 11th November 2013 Customer experience has never been more important. For financial services firms facing intense market competition, regulatory scrutiny and a public with the means of sharing opinions widely on social and digital media, there’s a narrow divide between making and breaking a...
Banking

New ways to take control of compliance

By Martin Scovell, CEO of MatsSoft November 11, 2013 : The glare of scrutiny upon our financial institutions has never been starker, as regulatory bodies and governments inflict ever greater levels of compliance.  The challenge of adapting to this scrutiny is exacerbated by the organisational pressures brought about by mergers and acquisitions, diversification, restructuring, rising consumer...
Banking

McKinsey Report Says Twenty Percent of Banks May Shrink or Merge

Return on equity (RoE) dropped as low as 4 percent across the industry in 2008 after the financial crisis and remains below the average cost of capital, estimated at 10-12 percent. November 8th ,2013 : One fifth of the world’s biggest banks may be broken up or sold as part of a “radical course correction” in...