banking

Bain & Company identifies “pioneer strategy” that could deliver profit growth of 25-30% for banks that accelerate transition to net-zero carbon emissions by 2050 

June 7, 2022

The world's banks are accelerating on the carbon transition, but they face three major strategic challenges to reaching net zero emissions by 2050, according to new research from Bain & Company.

Bank of America Credit and Debit Card Data Shows Continued Growth in Consumer Spending, up 9% year-over-year in May

June 6, 2022

Despite challenges from higher inflation, households continued to spend at a healthy pace, with spending on services like travel and entertainment continuing to grow

Survey on the Access to Finance of Enterprises: tightening of financing conditions amid increased economic uncertainty

June 1, 2022

The results of the Survey on the Access to Finance of Enterprises (SAFE) in the euro area for the period from October 2021 to March 2022 indicate that the recovery in firms’ economic activity continued

Press Release

Kroo closes Series B after raising £26 Million

May 31, 2022

Kroo has just closed their most recent funding round, successfully raising £26 million. This round of funding has had incredible results with over 60% of investors reinvesting, showcasing their belief in the Kroo vision.

Press Release

Coingrig partners with Nordigen to directly connect users’ bank accounts to their digital wallet

May 25, 2022

Coingrig has integrated Nordigen’s open banking platform to increase the ease of bank connectivity to their digital wallet.

Press Release

Burnout mounts as a third of banking and financial services plan to leave the industry due to high pressure

May 24, 2022

A third (31%) of financial services and banking professionals are planning to leave the industry due to high pressure, according to a new report by LemonEdge, a global digital accountancy platform for the private capital and venture capital industry.

Press Release

Metro Bank joins the APPG for Challenger Banks and Building Societies as Associate Member

May 23, 2022

The APPG for Challenger Banks and Building Societies is delighted to announce that Metro Bank is the latest challenger bank to join them as an Associate Member.

Press Release

Major Swiss Bank Selects Icon’s IPF Platform for Payments Transformation

May 23, 2022

Icon Solutions has announced that its payments platform solution – IPF – has been selected by a major Swiss bank as the core of its payments transformation programme that includes instant schemes, traditional ACH and cross-border payments.

Press Release

ITRS Group and Banktech announce new Temenos-integrated performance monitoring solution for retail banks

May 17, 2022

ITRS Group, leading provider of real-time estate monitoring and analytics software to global financial institutions, has announced a new solution for retail banks struggling to monitor the health of their core banking systems, which have become even larger and more complex following a recent wave of pandemic-induced digital transformation.

Press Release

Call for expressions of interest for the appointment of members to the ESRB’s Advisory Scientific Committee

May 12, 2022

The European Systemic Risk Board (ESRB) is seeking ten international experts in macroprudential policy and systemic risk to join its Advisory Scientific Committee (ASC).

Asia

Sri Lanka needs to go back to the future to escape meltdown: Steve Hanke

April 28, 2022

A return to currency board system is the best way to help Sri Lanka escape its never-ending cycle of debt, says Steve Hanke. Who also believes that a currency board could provide a solution.

Press Release

ECB renews repo line with Banca Naţională a României until 15 January 2023

April 27, 2022

The European Central Bank (ECB) and Banca Naţională a României (BNR) have agreed to renew the repo line arrangement to provide euro liquidity to the BNR.

Press Release

April 2022 euro area bank lending survey

April 12, 2022

According to the April 2022 euro area bank lending survey (BLS), credit standards – i.e. banks’ internal guidelines or loan approval criteria – for loans or credit lines to enterprises tightened (net percentage of banks standing at 6%, see Chart 1) in the first quarter of 202

Press Release

UBS joins the Green Software Foundation as steering member

April 7, 2022

As part of its ongoing commitment to drive more sustainable practices, UBS, the world’s leading wealth manager, has joined the Green Software Foundation as a steering member.

Press Release

Pandemic did not impair financial integration in the euro area, ECB report shows

April 6, 2022

The financial fragmentation in the euro area that occurred at the start of the coronavirus (COVID-19) pandemic was reversed relatively quickly, the European Central Bank (ECB)’s latest report on Financial Integration and Structure in the Euro Area shows.

Press Release

IOSCO welcomes ISSB’s publication of sustainability standards exposure drafts

March 31, 2022

The International Organization of Securities Commissions (IOSCO) welcomes the publication of the Exposure Drafts of proposed climate and general sustainability disclosure requirements. These have been published today for public consultation by the International Sustainability Standards Board (ISSB).

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