Global Banking & Finance

MAY 15, 2024

The AI Data Gap causes problems for Small Financial Institutions By Al Pascual, Cybercrime Expert, Founder, Inventor, and Advisor for BioCatch Artificial intelligence (AI) has been a crucial tool for financial institutions (FIs) in the fight against fraud for the last thirty years.

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Global Banking & Finance

JUNE 5, 2023

Workload automation and orchestration to eliminate the risks of homegrown scripts for financial institutions By Ryan Dimick, Chief Technology Officer, SMA Technologies Credit unions and banks are under increasing pressure to speed up digital innovation as customers seek more convenient digital banking services.

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Global Banking & Finance

SEPTEMBER 25, 2023

How the LEI Can Help Financial Institutions ‘Address’ a Growing Challenge in ISO 20022 The vast complexity and inconsistency of address formats globally presents significant challenges for financial institutions.

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Global Banking & Finance

APRIL 30, 2024

Banking on Generative AI: Three Strategic Frontiers to Conquer in 2024 Financial institutions have long grappled with the challenge of offering best-in-class customer service and personalization with pockets of success.

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Global Banking & Finance

NOVEMBER 14, 2024

By Matthew Marion, Senior Product Manager, UCaaS & CCaaS, at Windstream Enterprise Financial institutions operate in a world where the quality of the customer experience (CX) matters as much as the quality of a product or service itself, and customers are inclined to take their business elsewhere if interactions with their bank aren’t consistently (..)

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Global Banking & Finance

FEBRUARY 29, 2024

Fraud Against Financial Institutions Calls for Tighter Security Measures Protecting Customers in 2024 In January 2024, Citigroup was sued for its weak security measures against fraud.

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Global Banking & Finance

SEPTEMBER 27, 2023

By Cenk Ipeker, General Manager, Cloud, NICE Actimize In recent years, the financial services industry has seen a paradigm shift in the cloud adoption conversation from “when it will happen” to “it’s happening right now.” However, cloud transformation is a strategic decision […]

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Global Banking & Finance

MARCH 28, 2024

ESG data keeps on evolving, but are financial institutions keeping pace? By Yann Bloch, head of product and pre-sales Americas at NeoXam Earlier this month, Bloomberg published their much-anticipated annual European ESG Data Trends Survey report, carrying with it some fascinating findings on the current state of the market.

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Global Banking & Finance

OCTOBER 7, 2024

Furqan Siddiqui, SOC Operations Officer at Obrela As custodians of sensitive financial data, banks and financial institutions face several cloud security threats that demand security controls and mitigation strategies.

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Global Banking & Finance

SEPTEMBER 9, 2024

Increase Resilience Against Third-Party Risk with These 5 Strategies Banks today are embracing Digital Transformation to expand capabilities, maximize profits, and increase customer offerings. In 2023, 74% of banks were accelerating their digital transformation. However, financial institutions may not be fully aware […]

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Global Banking & Finance

OCTOBER 7, 2024

The fast development and increased usage of fintech led more banks to adopt custom-made financial software tools. These are easier to mold to modern financial institutions’ needs and are easy to adjust as the market and regulations shift. Customized financial solutions are smoother, faster, and […]

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Global Banking & Finance

FEBRUARY 20, 2024

Leading a different kind of charge: Financial Institutions as climate change activists Steve Croke, Chief Technology Officer for Financial Services at GlobalLogic, explains how the financial sector has the potential to be an essential vehicle for the net zero journey Climate change affects the physical environment, threatening all aspects of natural (..)

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Global Banking & Finance

AUGUST 28, 2024

Absa Bank Moçambique is one of the oldest financial institutions in the country, having been founded in 1975. Over time, the bank has undergone several transformations, both in terms of its brand and service provision, always striving to uphold values such as trust, resourcefulness, stewardship, inclusion, and courage.

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Global Banking & Finance

SEPTEMBER 9, 2024

By Anurag Mohapatra, NICE Actimize, SME and Sr. Product ManagerFraud Subject Matter Expert As digital payment platforms continue to evolve, so do the fraudsters. The traditional protections under the U.S.

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Global Banking & Finance

FEBRUARY 28, 2024

Financial institutions and businesses risk losing their competitive edge if they fail to embrace real-time payments Real-time payments adoption is increasing and bringing a litany of benefits to businesses of all kinds.

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Global Banking & Finance

NOVEMBER 30, 2023

WHY DO BANKS STILL PREFER TO KEEP BUSINESS APPLICATION SERVICES ON-PREMISE RATHER THAN ON THE CLOUD? Chandramouli Sundaram, Senior Vice President Delivery – Data Engineering, Maveric Systems Limited In a bid to modernize businesses, banks, and financial institutions are increasingly using cloud computing.

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Global Newswire by Notified: M&A

NOVEMBER 8, 2024

08, 2024 (GLOBE NEWSWIRE) -- DFCU Financial, one of Michigan's largest and most trusted credit unions, is pleased to announce its intent to acquire Winter Park National Bank (WPNB), a well-established financial institution based in Winter Park, FL. DEARBORN, Mich. and WINTER PARK, Fla.,

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Global Banking & Finance

JANUARY 12, 2024

Embracing the Future: The Role of Generative AI in Enhancing Compliance in Banking 12 January 2024 By Selvakumar Venkatasubbu, Software Developer Introduction: In the evolving landscape of the banking industry, compliance has emerged as a pivotal challenge.

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The New York Times: Banking

OCTOBER 10, 2024

officials on a bank for violating anti-money laundering laws, and regulators imposed a cap on TD’s ability to accept new deposits. The penalty was the largest ever imposed by U.S.

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JD Supra: Mergers

FEBRUARY 8, 2024

883 (2018), that a debtor may itself qualify as a "financial institution" covered by the safe harbor by retaining a bank or trust company as an agent to handle payments, By: Jones Day Supreme Court suggested (but did not hold) in Merit Mgmt. FTI Consulting, Inc.,

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Global Banking & Finance

MAY 14, 2024

UK banks urged to act now ahead of new cross-border payments legislation to prevent exclusion from international payment networks 24 April, 2024: With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq, is urging UK financial institutions to take the necessary measures now to finalise their plans (..)

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Global Banking & Finance

MARCH 11, 2024

The future of banking: integrating AI for better service In the rapidly evolving landscape of banking, the integration of Artificial Intelligence (AI) stands out as a transformative force.

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Global Banking & Finance

JANUARY 22, 2024

How does the bank make a profit? In the complex landscape of finance, banks play a pivotal role in facilitating economic growth by providing a multitude of services. However, have you ever wondered how these financial institutions actually make a profit?

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Global Banking & Finance

JANUARY 3, 2024

How does fractional reserve banking grow the economy? Fractional Reserve Banking (FRB) is a cornerstone of modern economies, playing a pivotal role in facilitating economic growth and development. This banking system empowers financial institutions to leverage their assets, create credit, and stimulate economic activity.

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Business Standard - FInance

JUNE 6, 2023

The MUDRA loans are given by commercial banks, regional rural banks, small finance banks, microfinance institutions, and non-banking financial institutions

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The New York Times: Banking

APRIL 26, 2024

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

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The New York Times: Banking

JUNE 24, 2024

Some banks are trying to avoid that fate. If landlords can’t pay back loans on office buildings, the lenders will suffer.

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The New York Times: Banking

SEPTEMBER 12, 2024

percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy. The reduction, to 3.5 percent from 3.75

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Global Banking & Finance

SEPTEMBER 23, 2024

Author: Shilpa Doreswamy, Sector Director of Retail Banking, GFT The financial services industry is increasingly grappling with the critical issue of downtime. In today’s digital age, even a brief outage can have severe repercussions, costing banks almost $5 million an hour, discounting any penalties and fees.

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The TRADE

OCTOBER 17, 2024

Nasdaq has integrated AI into its Calypso platform to enhance bank and insurance risk calculations, in a move set to process risk calculations up to 100 times faster. Gil Guillaumey The offering offers new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning.

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Global Banking & Finance

JANUARY 8, 2024

5 Ways Banks Can Protect Their Clients from Fraudsters As the digital world becomes more advanced, so do cyber crimes. Financial institutions must always stay one step ahead of hackers by ensuring excellent security measures. This blog post shares five […]

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Global Banking & Finance

FEBRUARY 21, 2024

The Rise of Digital Currencies and Their Impact on Banking Introduction In recent years, the financial landscape has witnessed a seismic shift with the advent of digital currencies. This blog post delves into the […]

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The New York Times: Banking

OCTOBER 15, 2024

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

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The New York Times: Banking

JUNE 5, 2024

A steady stream of people lined up at the Bank of England on Wednesday to get what they hoped would be collector’s items: the first bank notes featuring the portrait of King Charles III.

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Barkclays

MAY 16, 2023

The recent banking turmoil has exposed a longer-term challenge for the sector: the very nature of systemic risk is changing as runs on deposits become easier. The recent banking turmoil has exposed a longer-term challenge for the sector: the very nature of systemic risk is changing as runs on deposits become easier.

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The New York Times: Banking

JULY 24, 2024

Community banks are big commercial real-estate lenders. But they say their loans are to sturdy local businesses, not those facing vacant office space.

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The New York Times: Banking

SEPTEMBER 14, 2023

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

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