Insights

As President Joe Biden is set to host a two-day climate summit starting today, the US treasury secretary and UK chancellor stressed the need for financial services to adopt and invest in sustainable finance. “The Biden administration is taking a whole of government approach to aggressively tackle climate change”, said Janet Yellen,... read more

On April 19, payments platform Stripe launched its Stripe Issuing service in 20 European countries allowing businesses to design, create and manage their own cards. The service is popular among US business customers and will give European business users more control in how and where their money is spent. On April 9, the Inter-American... read more

Consumers today are in the driving seat. Bolstered by the incoming waves of digital natives and growing digital confidence among boomers and Gen X consumers, the banking and commerce landscapes are changing fast – and all organisations need to evolve to remain relevant. Traditional financial institutions are mindful of the need to... read more

Processing payments in real-time is becoming increasingly commonplace and in turn is “dramatically” increasing the pressure on banks’ internal systems, according to Andre Casterman, chief marketing officer at Intix. The expectation that sending and receiving payments happens almost instantly has only grown since the coronavirus... read more

New York State has passed legislation that could help transition tough legacy contracts away from Libor towards using Sofr. The bill “Libor Legislation” would provide a legal basis for contracts without fallback clauses to switch from Libor to Sofr once Libor ceases to be published or no longer thought to be representative. ... read more

With an ever-increasing burden of regulation and a significant amount of informal money transfers, the remittance market must adapt and change fast to reduce costs and boost competitiveness by implementing smart compliance solutions. With a sharp decline in global remittances caused by the pandemic, it is more than ever crucial to establish a... read more

BG:What prospects do the travel & tourism industry face in the post-pandemic recovery period? IP: Business heavily suffered during the pandemic lockdowns. The broad travel & tourism segment has been among the hardest hit, some exited the business. Air transportation, holiday reservation platforms, hotels, recreational facilities and the... read more

CompatibL - winner of the 2020 bobsguide award for Best Cloud Platform - is accelerating the development of technology with cloud capabilities. Executive chairman Alexander Sokol sat down with our editor Michael McCaw to discuss the key tech trends in cloud computing, including the increasing importance of the cloud in financial services,... read more

The pandemic has accelerated digital transformation in banking, leading banks to faster adopt new digital delivery models. The rise of neo and digital banking became the new normal, with an emphasis on mobile banking services. Industry analysts predict the pandemic will only help these new, digital trends become a reality faster. The... read more

Action must be taken following the European Securities and Markets Authority (Esma)’s review into Ucits liquidity risk management and market practices which identified shortcomings in documentation, procedures and how methodologies are compiled. “Without effective regulation in the UK and Europe to ensure more realistic assessments... read more