PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

Banking 139

Banking Financial Systems Concentration Currencies 139

Future CFO

DECEMBER 11, 2024

The banking sector has been known for its resilience and adaptability and must continue to innovate to thrive. With 2025 just around the corner, several key trends are reshaping the banking and financial services landscape. Banking executives must navigate a complex environment filled with challenges and opportunities.

Banking 52

Banking Risk Management Compliance Investments 52

PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. Central banks around the globe are in the process of actively developing, or at least mulling, the issuance of digital fiat, directly into digital wallets (the U.S.

Banking 145

Banking Planning Accounting Currencies 145

PYMNTS

APRIL 14, 2020

The International Monetary Fund (IMF) cautioned that COVID-19 has made “cracks” in the worldwide financial system known and “will likely” have financial institutions encounter market and credit losses that will put their reserves to the test. The IMF also pointed out emerging stress in the U.S.

Financial Systems 60

Financial Systems Profit and Loss Marketing Banking 60

Global Finance

OCTOBER 31, 2024

For the commercial banking sector, continuous innovation, strong product development and customer service, and effective risk management are just some of the critical elements necessary to sustain and grow a franchise. This year’s honorees prove hard work pays off by substantially rising in the ranks.

Banking 59

Banking Profit and Loss Risk Management Leadership 59

Global Finance

OCTOBER 10, 2024

György Matolcsy, governor of Hungary’s central bank (Magyar Nemzeti Bank), reflects on his second term and speaks about plans to potentially join the euro. György Matolcsy: After the global financial crisis, central banks realized that monetary institutions and policy needed to be renewed.

Economics 59

Economics Banking Concentration Currencies 59

Global Finance

SEPTEMBER 4, 2024

Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In this interview, Campos Neto shares his insights on the global economy, Brazil’s economic outlook, the resilience of Latin American economies, and the importance of central bank independence.

Banking 105

Banking Economics Currencies Finance 105

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. in 2022, according to the International Monetary Fund’s July World Economic Outlook 2024.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JUNE 29, 2020

FDIC) is considering nixing its quarterly reports of banks in an attempt to modernize the way data is handled. Part of the overhaul could focus on replacing the “call” reports that banks are required to file within 30 days after each quarter, which result in copious 60-page reports with thousands of data fields.

Banking 88

Banking Financial Systems Economics Technology 88

CFO News Room

NOVEMBER 18, 2022

In an interview with Lynn Parramore of the Institute for New Economic Thinking, Nomi Prins takes up and extends the argument that she has made over a series of books, that central bankers are ever-more administering policies that are good for the markets but very bad for the real economy and real people. economy and Wall Street.

Banking 100

Banking Economics Leverage Marketing 100

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. brought back financial and other sanctions against Iran, which in turn came after the U.S.

Banking 81

Banking Financial Systems Treasury Communication 81

PYMNTS

FEBRUARY 27, 2017

Guo Shuqing, the former head stock market regulator in China, has been appointed as chairman of the China Banking Regulatory Commission, replacing Shang Fulin, who was forced to retire after reaching the mandatory retirement age of 65. He arrived at the China Banking Regulatory Commission on Friday (Feb.

Financial Systems 40

Financial Systems Manufacturing Economics Banking 40

PYMNTS

SEPTEMBER 28, 2016

bank investors, the old Seinfeld punchline: “No dividends for you!”. The famed bank stress tests that have been in place for years and that get attention from Wall Street when it comes time to judge how sound the global financial system may be — or not — are getting a little more, well, stressful. For the bigger banks.

Banking 69

Banking Financial Systems Economics Investments 69

Global Finance

AUGUST 13, 2024

As global investors increasingly prioritize sustainability and ethics, Islamic banking’s alignment with these values positions it as a key player in the burgeoning sustainable finance movement. Islamic banking has also proven resilience in turbulent economic times. Sharia-compliant banks don’t issue interest-based loans.

Finance 116

Finance Prioritization Banking Economics 116

PYMNTS

NOVEMBER 10, 2020

Many consumers move to new countries to pursue economic opportunities, but adjusting to these locations also requires learning the ins and outs of new financial systems — a transition that can be filled with friction. How Rayo Delivers Immigrant-Focused Financial Services. Consumers who move to the U.S.

Banking 86

Banking Compliance Currencies Financial Systems 86

CFO News Room

DECEMBER 24, 2022

Ironically, the Fed is slowing the economy, after it came to the rescue in the last two economic downturns. The central bank helped stimulate lending by taking interest rates to zero, and boosted market liquidity by adding trillions of dollars in assets to its balance sheet. “You have to blow the dust off your economics textbook.

Forecasting 130

Forecasting Economics Marketing Banking 130

PYMNTS

JULY 1, 2019

The Bank for International Settlements ( BIS ) has announced the launch of a BIS Innovation Hub to enable central banks around the world to collaborate on financial technology solutions and innovation. Central banks have a major role to play.

Banking 62

Banking Financial Systems Technology Economics 62

Global Finance

APRIL 7, 2025

3% band and the European Commission and European Central Bank give the green light later this year, it will join the eurozone in 2026. It joined the Schengen Area on January 1, 2025, and hopes to join the eurozone on January 1, 2026 provided it is found to have met the economic criteria. Foreign Direct Investment: Stock of FDI: $57.4

Education 52

Education Construction Economics Currencies 52

Global Finance

OCTOBER 10, 2024

Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe.

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

PYMNTS

FEBRUARY 18, 2020

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? In a series of actions aimed at boosting liquidity (and, by extension, economic stability), China’s central bank has pumped money into the country’s financial system, which had been slowing markedly even before the pandemic.

Economics 52

Economics Banking Retail Financial Systems 52

PYMNTS

JULY 5, 2019

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . The banks involved will be Danske Bank, Swedbank Handelsbanken, Nordea, SEB and DNB.

Banking 58

Banking Financial Systems Economics Marketing 58

PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions don’t necessarily have. Usually, it is more of an all-out war story.

Banking 79

Banking Education Startups Risk Management 79

Future CFO

DECEMBER 14, 2021

China's shadow banking assets will continue to decline on regulators' continued focus on containing systemic risks in the financial sector, said Moody’s recently. Broad shadow banking assets fell by around RMB1.58 Broad shadow banking assets fell by around RMB1.58 from 58.3% Trust loans fell by RMB1.2

Banking 52

Banking Leverage Economics Financial Systems 52

The Finance Weekly

MARCH 16, 2023

The quick and unexpected collapse of the second and third largest bank collapses in US history sent shock waves throughout the markets. Silicon Valley Bank (SVB) collapsed last Friday and it sent both private and public companies scrambling to address what exposures they had with SVB and other banks that might be at risk.

Leadership 105

Leadership CFO Startups Compliance 105

PYMNTS

JANUARY 7, 2020

Open Banking and bank-FinTech collaboration are the new norm for financial institutions around the world looking to upgrade their offerings for small businesses (SMBs). Other initiatives include a focus on payments security, as well as connecting bank data to small business accounting portal QuickBooks.

Banking 56

Banking Accounting Securities Financial Systems 56

PYMNTS

JUNE 29, 2020

billion of supposed deposits were missing from two banks in the Philippines. MAS noted that it requires financial institutions to report all suspicious transactions, including transactions that are large, complex or present unusual patterns with no apparent economic or lawful purposes. “We

Banking 56

Banking Financial Systems Economics Accounting 56

CFO News

OCTOBER 26, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for reforms in the international financial system to address challenges faced by emerging economies and to adapt to the evolving global economic landscape.

Banking 45

Banking Financial Systems Economics 45

CFO News Room

JANUARY 21, 2023

Originally published at openDemocracy The 2023 World Economic Forum (WEF) meeting in Davos started five days ago amid an air of pessimism. He is openDemocracy’s international security correspondent. He is on Twitter at: @ProfPRogers. Two glaring examples of lack of change came to light just as the WEF got under way.

Economics 100

Economics Profit and Loss Forecasting Financial Systems 100

CFA Institute

OCTOBER 21, 2022

The impact of Fed policy on the global financial system is yet another feature of the COVID-19 pandemic that caught investors off guard.

Financial Systems 119

Financial Systems Economics Banking 119

CFA Institute

JULY 16, 2024

As financial systems evolve, preserving the US dollar's dominance will require skillful policy management and the integration of cutting-edge technologies.

Economics 52

Economics Securities Financial Systems Technology 52

PYMNTS

MARCH 14, 2019

The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from the area, according to a report by Bloomberg. She said it’s time that banks start seriously being compliant. “As

Banking 49

Banking Financial Systems Economics Numbers 49

PYMNTS

JULY 30, 2019

JPMorgan has announced it will go “full force” in China to take on the state-run Industrial and Commercial Bank of China (ICBC), which is the biggest bank in the world, according to a report by Bloomberg. However, to be successful, they will need to be able to compete with state-run banks, which currently control the financial system.

Banking 46

Banking Financial Analyst Financial Systems Securities 46

PYMNTS

NOVEMBER 12, 2020

Keeping these consumers engaged in the broader financial system is essential to the collective good. Systems, that is. Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement.

Banking 81

Banking Accounting Financial Systems Communication 81

PYMNTS

JANUARY 19, 2020

Brian Moynihan, Chief Executive with Bank of America, is not concerned with overwhelming his industry sector — instead, he believes the banking giant can double its consumer market share. Further consolidation by large banks would make matters even worse.”. The reality is, you could double that. is so big,” Moynihan said.

Retail 45

Retail Banking Financial Systems Economics 45

PYMNTS

JULY 26, 2017

Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46

Banking Compliance Currencies Concentration 46

PYMNTS

APRIL 18, 2017

The slowdown of China’s economic growth has had markets concerned, but new data suggests the nation could be on its way to reversing the trent. This level of growth cannot be sustained,” said Wang Xinling, lead analyst at think tank China Policy, in an interview with the Financial Times. percent GDP annual growth rate.

Economics 40

Economics Construction Manufacturing Financial Systems 40

PYMNTS

JULY 16, 2019

government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To It also includes £6.5

Economics 40

Economics Planning Treasury Financial Systems 40