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ECB sanctions Crédit Mutuel for breaching ECB requirements on internal models

21/03/2024 No Comments

21 March 2024 – The European Central Bank (ECB) has imposed two administrative penalties totalling €3.54 million (€3,540,000) on Confédération Nationale du Crédit Mutuel after …

How Secure is Online Banking?

21/03/2024 No Comments

Advancements in technology have completely changed how we manage our finances. Previously, visiting a local ...

BofA Patents Increase Nearly 70% in 5 Years

07/03/2024 No Comments

Bank of America today announced a record year for its patent portfolio, which has grown to nearly 6,600 granted patents and pending patent applications

How Strong Will The Indian Rupee (INR) Be In 2024?

23/02/2024 1 Comment

The Indian Rupee (INR) has traded at record lows in recent months. Could the currency strengthen or will further declines be in store in 2024?

The cost of living − speech by Andrew Bailey

March 1, 2023

The latest release of data for the UK consumer price index showed an annual increase of 10.1% in January. It is down from a peak of 11.1% in October, not least because direct effects from energy prices have eased. But also, core inflation, which excludes the most volatile components of the consumer price index, fell more than expected to 5.8% in January.

Banking Press Release

Neo-Banks Vs Traditional Banking: The Difference you Should Know

February 28, 2023

Neobanks are online banks that are super convenient. When compared to the traditional methods of banking, neobanks have created a huge difference.

Events Fintech Hot News News

Digital Disruption with David Gyori

February 28, 2023

Last week we reported from Banking Renaissance in Amsterdam, where the #DisruptionTeam had the pleasure to listen to David Gyori's keynote speech.

Press Release

Financial statements of the ECB for 2022

February 23, 2023

The European Central Bank’s (ECB’s) audited financial statements for 2022 show that the ECB’s profit was zero (2021: €192 million)

Events Fintech Hot News News

Chris Skinner talks digital transformation in Amsterdam

February 23, 2023

A self-proclaimed troublemaker, Chris Skinner is a renowned fintech expert and influencer. He shared his thoughts on digital transformation in Amsterdam.

Press Release

Riyad Bank goes live in the Kingdom of Saudi Arabia with the E-invoicing ZATCA integration; enabled by SunTec Xelerate

February 21, 2023

SunTec Business Solutions, the world’s #1 relationship-based pricing and billing software company, today announced that Riyad Bank, one of the largest financial institutions in the Kingdom of Saudi Arabia (KSA), has gone live with the Zakat, Tax and Customs Authority (ZATCA) integration for e-invoicing, deploying its SunTec Xelerate platform.

Press Release

ECB appoints Myriam Moufakkir as Chief Services Officer

February 17, 2023

The European Central Bank (ECB)’s Executive Board has appointed Myriam Moufakkir as its Chief Services Officer (CSO).

Press Release

ESRB publishes report on advancing macroprudential tools for cyber resilience

February 14, 2023

The European Systemic Risk Board (ESRB) has today published a report aimed at advancing macroprudential tools for cyber resilience.

Banking News Sustainability ESG Technology

Does the Polish Tech Market need a Trade Union?

February 10, 2023

Employees of the Polish subsidiary of the Euronext Paris listed Sii formed a trade union. Something that the CEO of Sii in Poland didn’t take kindly to.

Press Release

ECB sanctions Landesbank Hessen-Thüringen Girozentrale for misreporting capital needs

February 10, 2023

In 2020, for three consecutive quarters, Landesbank Hessen-Thüringen Girozentrale reported lower risk-weighted assets for market risk than it should have done.

Press Release

ECB keeps capital requirements steady in 2023, as banks remain resilient

February 8, 2023

The European Central Bank (ECB) today published the results of its Supervisory Review and Evaluation Process (SREP) for 2022.

Press Release

Results of the ECB Survey of Professional Forecasters for the first quarter of 2023

February 3, 2023

In the European Central Bank’s (ECB) Survey of Professional Forecasters (SPF) for the first quarter of 2023, respondents revised up their inflation expectations for 2023 and 2024

Press Release

ECB decides on detailed modalities for reducing asset purchase programme holdings

February 2, 2023

From the beginning of March 2023, the asset purchase programme (APP) portfolio will decline at a measured and predictable pace

Press Release

ECB to stress test 99 euro area banks in 2023

January 31, 2023

The European Central Bank (ECB) will stress test a total of 99 directly supervised banks in 2023.

Press Release

Number of counterfeit euro banknotes remains low in 2022

January 30, 2023

Some 376,000 counterfeit euro banknotes were withdrawn from circulation in 2022.

Press Release

Arab Bank (Switzerland) Ltd. signs up with Apex Group’s digital bank

January 30, 2023

European Depositary Bank today announces its appointment by Arab Bank (Switzerland) Ltd. for the provision of digital banking services.

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