Corporate banking clients want more from their financial institutions (FIs) than ever in terms of advanced digital tools and support. Small- to medium-sized businesses (SMBs) and larger companies alike have accelerated digitization efforts since the pandemic struck, making it critical for commercial banks to understand these needs and deliver on […]
Banking
Exclusive: Citigroup to hire 3,000 in Asia institutional banking business in growth push
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The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 7 (Reuters) – Citigroup Inc (C.N) plans to hire around 3,000 new staff for its Asia institutional business […]
State Financial Regulators Tell Congress To Pass Marijuana Banking Protections In Manufacturing Bill
An organization that represents state financial regulators from across the U.S. is putting pressure on Congress to pass marijuana banking reform as part of a large-scale manufacturing bill that’s currently being finalized in a bicameral conference committee. The head of the Conference of State Bank Supervisors (CSBS) sent letters to […]
Volante Technologies wins ‘Most Innovative Payment Solutions Provider’ for Second Year Running at MEA Finance Banking Technology Awards 2022
DUBAI, UAE, May 30, 2022 /PRNewswire/ — Volante Technologies, the global leader in cloud payments and financial messaging, today announced it has won the 2022 MEA Finance Banking Technology Award for ‘Most Innovative Payment Solutions Provider’. This award highlights Volante’s innovative payments modernization capabilities in the Middle East and Africa […]
Monty Finance Expands Digital Banking and Payments
Technology provider Monty Finance will be pursuing expansion plans in the Middle East and adding ways to help the unbanked with digital finance services, a press release said Friday (May 27). The company plans to use the Seamless Middle East exhibition to engage with companies looking to digitize. The exhibition […]
K&L Gates Adds Banking and Fintech Partner in Boston | News & Events
Boston – Global law firm K&L Gates LLP welcomes Grant F. Butler as a partner in the payments, banking regulation, and consumer financial services practice. Based in the firm’s Boston office, Butler brings nearly 15 years of experience in the financial services industry with a particular focus in financial services […]
Credit Suisse hires Barclays banker to run Iberia investment banking
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Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 (Reuters) – Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain […]
Use of arbitration in the banking and finance sector (part 1): LCIA statistics show growth
The LCIA has released its Annual Casework Report for 2021, showing that disputes in the Banking and Finance sector represented the LCIA’s biggest industry sector in 2021, overtaking Energy and Resources disputes. The 2021 Report shows that 26% of disputes registered with the LCIA in 2021 relate to the sector. […]
Reclaiming genuine Islamic economics, finance, banking
Amid the inflationary and disruptive socioeconomic circumstances caused by the contemporary general economic and financialization practices, alternate philosophical and, particularly Islamic, economic and financial thoughts have proved to be a worthwhile solution with yet unleashed potential. As much as many would point out the root causes of contemporary socioeconomic circumstances […]
Small finance banks: Banking on digital tech to stay ahead of curve
One of the biggest challenges for small finance banks (SFBs) from a tech point of view is the lack of an automation process and the corresponding need for manual intervention. This makes the deployment of an integrated engagement platform vital to such entities. Such a solution breaks down organisational silos, […]
Mobile Banking Preps for Next Step in Digital Shift
News of major enhancements to Google Wallet give a sense of the centrality of mobile payments and finance apps as digital shift phase two kicks in, revolving on mobile money. It’s been a busy week in the mobile payments world as Google’s Wednesday (May 11) announcement of new features and […]
Can Digital Banking Units Change Indian Financial Services Landscape?
Finance Minister Nirmala Sitharaman announced in the Budget 2022 speech that 75 digital banking units would be set up in 75 districts of the country According to the RBI, the minimum products and services to be offered by DBUs include account opening – saving bank accounts and current accounts, FD […]