Open banking uptake ‘set to surge’
Almost half of 300 global banking executives who responded to a recent survey plan to transform business models into digital ecosystems. Source link
A sustainable recovery for the banking sector means a focus on trust and good faith
  Author: Jean-Marc Torre, Group Head and Senior Executive Vice President, Corporate and Commercial Banking, Bank of the West February 26, 2021 In 2020, businesses had to adapt swiftly through a precarious situation. We are now in a phase with a new set of requirements centred on resilience and a sustainable recovery. The lessons of … Read more
Innovation in Digital Banking Awards 2020 –
All the benefits of Digital + Print plus subscriptions to: The Banker Database is a service of the Financial Times, providing comprehensive financial data and insight for 5000 of the world’s leading banks, in more than 160 countries.Visit The Banker Database + A specialist service from the Financial Times, Global Risk Regulator provides insightful reporting … Read more
Shining light leading the way in Brunei’s banking industry
  Author: Ti Eng Hui, CEO, Baiduri Bank February 18, 2021 From a humble shop lot office in 1994 to becoming the largest conventional bank in Brunei and a leader in Brunei’s banking industry, Baiduri Bank has grown in strides over its 25 years of operation in Brunei Darussalam and its achievements have been recognised … Read more
Transaction Banking Awards 2020
This year’s Transaction Banking Awards have demonstrated how important the industry is to global business, economy and health. Source link
India plans ‘bad bank’ to tidy up struggling banking sector
Indian finance minister Nirmala Sitharaman announced a huge $500bn budget on February 1, focused on healthcare and infrastructure and aimed at boosting the country’s Covid-19 ravaged economy. During her speech, she also committed the Indian government to forming a ‘bad bank’, in an attempt to tidy up the country’s struggling banking sector. India’s banks entered … Read more
Mobile banking: a catalyst for economic transformation
  Author: Teza Ngulube, Head of Retail and Digital Banking, Atlas Mara Zambia February 10, 2021 Digital technology has been a great financial democratiser worldwide. Mobile phones and app-based banking have put previously inaccessible financial transactions into the hands of millions. While especially true for certain populations in the global south, you would be mistaken … Read more
Core Europe: how to prevail in retail banking
  Author: Anas Abuzaakouk, CEO, BAWAG Group February 2, 2021 We are living in one of the most dynamic and transformative periods of banking. These developments have been at work for some time and are not merely a result of the COVID-19 health crisis. On the contrary, the pandemic serves as an accelerator and catalyst … Read more
Turmoil in Belarus takes toll on banks
It has been almost six months since Belarus’s autocratic president Alexander Lukashenko claimed a landslide victory in a rigged presidential election in August last year, which led to widespread protests across the country involving hundreds of thousands people. The protests have continued to take place even during the freezing Belarusian winter, and the unrest represents … Read more
BIS international banking statistics at end-September 2020
Global cross-border claims changed little in aggregate in Q3 2020 after large fluctuations in Q1 and Q2. Cross-border claims on emerging market and developing economies continued to fall, driven again by claims on Latin America and the Caribbean. Since the start of the pandemic, the size of banks’ balance sheets has increased sharply with the … Read more