An effective payments strategy is key for travel agents post Covid
This pandemic has affected many areas of industries. Among that, the travel has been hit the hardest. The crash in international tourism due to this pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021. This was according to a recent UNCTAD report. Now as the […]
Banks can lead by example to customer centricity
The Covid pandemic created numerous changes for banks across the world. As challenger banks and fintech providers remain ever hungry for the consumer’s attention, it is a pivotal time in traditional banking history. Enormous challenges are now being faced by the banks. Those are such as how to capture market share and then to retain […]
Bearish bets soften on Asian FX as US dollars eases
Investors trimmed bearish bets on most Asian currencies. This is because the dollar weakened on hopes of a temporary pushback in the Federal Reserve’s tapering timeline, while sentiment on the Indian rupee turned marginally bullish. Investors unwound their bearish bets on the Indian rupee to be slightly bullish. 0.2% in August were appreciated by the […]
Danske bank defeats appeal in US over money laundering scandal
Danske Bank A/S and former top executives had defeated an appeal in New York. That is by the shareholders, by claiming that they were defrauded because the Danish bank allowed widespread money laundering at its former Estonian branch. In September 2018, the lawsuit began after Danske said that an internal probe had uncovered about 200 […]
Monopolization of cloud market will hinder chances of tackling environment issues
By 2025, the technology sector will consume as much as 20% of the world’s total electricity. This is according to Greenpeace. That represents a 7% rise on the amount it currently accounts for. The same report also states that cloud computing, more specifically, the data centres that the cloud essentially relies on. This is a particularly pertinent […]
Leveraging SaaS partners to enhance the value for your customers and business
Insurance and financial services are facing a period of intense and sustained transformation. A barrage of needs and wants from customers, shareholders, competitors, regulators and employees is putting a lot of pressure on companies. This pressure is to transform at many levels. Companies are scrambling to modernize their infrastructure and their products. The level that […]
New Zealand holds rate at record low as fresh Covid outbreak strokes uncertainty
New Zealand’s central bank left interest rates unchanged at a record low of 0.25%, as policymakers quickly shifted gears after the country was put into a snap lockdown following the detection of new coronavirus cases. The economy is running red-hot and a majority of economists polled by Reuters last week had expected the Reserve Bank […]
Afghan Central Bank chief flees Kabul
The head of Afghanistan’s central bank has fled Kabul, questioned the loyalty of Afghan security forces and blamed President Ashraf Ghani and his inexperienced advisors for the country’s swift and chaotic fall to the Taliban. In a Twitter thread, detailing how he worked at the bank until militants were at the gates of the city, Acting Governor Ajmal Ahmady […]
Saudi Aramco aims to raise at least $17 BLN from gas pipeline
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal. Potential bidders including North American private equity and infrastructure funds, as well as state-backed funds in China and South Korea have been […]
Italy’s problem bank casts shadow over Draghi’s summer break
When Italian Prime Minister Mario Draghi returns from his brief summer break one of the thorniest items on his to do list will be finally fixing the woes of the world’s oldest bank, Monte dei Paschi di Siena. The Tuscan lender’s decline has tarnished Draghi’s record ever since 2008 when, as Bank of Italy chief, he approved its […]