Insights

The pandemic has forced banks to accelerate digitisation programmes and permanently changed working habits according to Gerald Walker, CEO of ING Americas. Walker made the comments at BAFT’s 2020 Virtual International Convention and was speaking alongside Anne Clarke Wolff, chairman of global corporate and investment banking, Bank of... read more

In September the UK’s Open Banking implementation body (OBIE) announced a significant uptake in the number of Open Banking service uses in the UK, with over two million people now benefiting from Open Banking products. This represents a 100 percent increase in users in just over six months since the start of the global pandemic. Both... read more

Viable businesses in Britain will require more low-cost finance for investment if they are to survive the blows of the pandemic – and it must come in the form of a “major commitment from the financial services industry”, warned the Governor of the Bank of England Andrew Bailey in a speech this week. Also this week, Bank of... read more

A vaccine to the coronavirus will not bring much change in consumer confidence in the next quarter, according to a panel of finance directors at  this year’s CFO Virtual Agenda. “At the moment, we are working on a scenario that the first half of next year most closely looks like the second half of this year,” said Will... read more

With the global pandemic came a global need to reorganise, replan and rethink spending for businesses across industries, as the impact of lockdowns and changing consumer behaviour was felt. While IT costs are just one element of business budgets, technology now underpins the effective function of almost every organisation. At the same time,... read more

Firms are running out of time to switch reporting platforms and trade repositories (TR) as the closure date for CME Group’s NEX/Abide looms. “Certainly there is no extension past November 30 for the NEX Abide Regulatory reporting and trade repository and firms should have migrated by now,” said Philip Flood, chief commercial... read more

As countries across Europe return to lockdown, the world’s global banking giants are sending their staff home. Many of the top banks have publicly announced plans to return workers to the kitchen table or the bedroom desk after a brief period of allowing the option to work in the office. And some people are not happy about it.  ... read more

For more than 30 years, Eurobase has been providing world-class, reliable, integrated treasury and trading solutions to banks and financial institutions worldwide. We asked Gill Bacon, business development director, banking to tell us why now, more than ever, integrating trading, treasury and sales operations can help navigate the ever-complex... read more

By Jean-Christophe Lacour, head of merchant services, payments, Amadeus It’s an unprecedented period in the history of the global travel industry, with the pandemic continuing to suppress the intrinsic demand for air travel that has helped the industry grow in the mid-to-high single digits, for each of the last ten years.  Clearly the... read more

The Office of the Comptroller of the Currency’s (OCC) newly issued true lender rule for bank-nonbank lending relationships faces potential Congressional Review pending tomorrow’s US election results. “This [true lender] rule coming out now and going into full effect between the election and the inauguration is something that... read more