LONDON, SINGAPORE AND NEW YORK–(BUSINESS WIRE)–#MonetaGo– Financial technology solutions provider MonetaGo today announced the launch of operations in Europe, effective March 1, 2022, and the appointment of Oswald Kuyler to the newly created role of Head of Strategy for Europe. Based in London, Kuyler will lead MonetaGo’s European expansion, spearheadingRead More →
With the financial services industry – and retail banking in particular – facing tough economic times following the COVID-19 pandemic and resulting change in customer behavior, the budget cycle is never over. critical to support a difficult year ahead. Asking five simple questions about contracts with third-party vendors could makeRead More →
The company said the contract is designed to provide an integrated, end-to-end service that will help Honda improve efficiency, reduce costs, standardize processes in its European operations and ultimately put it on track. a “zero contact” vision. The latest contract extends an existing ten-year relationship between IBM Global Business ServicesRead More →
The last time European banks attempted to build a payments group that could take on the US giants that dominate the industry, they failed miserably. But when the Monnet Project collapsed in 2011, no one was talking about the commercial threat from US tech companies; and EU politicians hadn’t justRead More →
The non-bank lender has announced that it has extended its commitment on trailing commission payments to brokers for borrowers affected by COVID-19. In March of this year, Pepper Money was the first lender to announce that it continue to honor all track payments for customers affected by the coronavirus pandemicRead More →
Bank bosses bragged at the start of the coronavirus pandemic that, unlike the financial crisis, their institutions would help save rather than overthrow the global economy. But for many of their shareholders, 2020 was the year that European lenders came close to being unable to invest. Despite a recent modestRead More →
Europe’s financial sector has reached a ‘peak of uncertainty’ as regulators and banks scramble to avoid the harshest effects of the UK’s exit from the single market just 36 days from the end of the period. Brexit transition. A combination of policies around trade talks, EU concerns about Britain deviatingRead More →
By Jack Farchy, Isis Almeida, Andy Hoffman and Ruben Munsterman When Marc Rich needed $ 100 million to buy Iranian and to kick-start what would become the world’s largest commodities trader, he turned to French bank Paribas. When a group of traders needed the money to take over Vitol andRead More →
European banks are heading for second quarter results after suffering near universal drops in key capital levels, threatening their ability to lend, while most have also seen their liquidity capacity to meet their financial obligations s’ weaken. S&P Global Market Intelligence research looked at the Tier 1 capital and liquidityRead More →
A maxim often repeated in the banking industry is that you cannot “cut to the glory”. Hindered by the long-term extension of negative rates by the European Central Bank, slowing economic growth, Brexit and burgeoning regulatory requirements, lenders from Germany, UK, France, Spain and Switzerland have collectively announced more thanRead More →
Chesnot | Getty Images News | Getty Images The Societe Generale chairman said the European banking space should follow in the footsteps of that of the United States, calling on regulators to facilitate greater consolidation in the region. Speaking to CNBC over the weekend, Lorenzo Bini Smaghi said European banksRead More →
Banks have long had an advantage when it comes to customer data. From checking accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, all that could be about to change. This Saturday, banks operating inRead More →
Ophelia Brown, Director, Index Ventures (Credit: Levon Biss) Reported by Leonard Schoenberger Top traders, adventurous venture capitalists and iconoclastic fintech entrepreneurs top the first-ever FORBES 30 Under 30 Europe financial list. Across the continent, these investors and inventors power the game-changing companies that shape how we pay and get paid.Read More →
LONDON: Europe’s biggest banks further cut staff by 3.5% last year and the prospect of a return to pre-crisis employment levels seems remote, despite the region’s nascent economic recovery. Spurred into action by falling revenues, mounting losses and the need to convince regulators they are no longer ‘too big toRead More →