Data management- Key to digital banking!
Mobile banking was predicted to overtake high street branch visits within two years, way before the Covid struck our lives. The restrictions placed in our daily lives to get the hold of the pandemic proved to be acting as a catalyst in fastening the adoption and recovery. Even though they discovered unnecessary visits the banks […]
New heroes- Retail banks!
Grappling with the aftermath of the 2008 financial crisis the retail-banking sector has weathered many storms in recent years along with the impact of digitization and competition from digital challengers. COVID-19 being the disruptor-in-chief, banks now have to be bold and innovative to transform the material threat it will face and turn it into an opportunity […]
Monetary policy tools and its uses
The Federal Open Market Committee (FOMC) , in its monetary policy meeting held in the month of July had a discussion of implementing a number of monetary policy tools to reduce the concerns regarding the economic outlook for the United States. Previously the FOMC had taken a set of primitive measures, a numerous emergency measures […]
Bank of England and its Monetary Policy!
The Monetary Policy Committee (MPC) voted unanimously that it would leave its benchmark rate at 0.1 per cent whilst maintaining its target for total stock of asset purchases under the quantitative easing (QE) program at £745 billion, The Bank of England (BOE) announced in September. To summarize BoE’s announcements, at one of its meetings ending […]
Victims or Perpetrators?!
Banks can often become the easy targets to get blamed for the ongoing financial crimes all over the world. Recently, Buzz Feed’s revealed the leaks of suspicious activities report which confirmed that they are fulfilling their roles in fighting against the international money laundering. It also suggested that the whole system is on the verge […]
ERBD to the rescue! An outlook of the five year plan
Remembered for a statement that was actually never made, the prime minister of the United Kingdom for six years Harold Macmillan. He was said to have responded wittily to a reporter when asked what might possibly knock governments off course with “events, dear boy, events.” And unfortunately that is the actual state of the economy […]
Complicit enablers or unwitting enablers?
Remember the times when the banks, law firms and accountants used to be the most trusted institutions and a key part of the social fabric? And the day has come where in it is so hard to find a single article, news or a headline that does not have a tag line which says the […]
EBA’s evolutionary approach towards technological neutrality.
A long standing interest in applying innovative technologies in the financial sector which included distributing ledger technology (DLT) and asset- tokenization technologies, and the European Banking Authority ( EBA ) was one of the first regulatory authorities ever to comment publicly on the phenomena. Let’s explore more about the EBA’s approach has evolved in taking […]
Will Neo banks break the monopoly of the traditional banking systems?
A gradual loss of monopoly is being experience by the banks as there are these new players arriving to the game, born from the digital transformation. To win back their title these banks need to adopt new strategies to face these new challenges and compete with the developing market. The development of technology and the […]
Nordea Bank ABP, Europe’s top universal bank
Headquartered in Helsinki, Finland, Nordea Bank Abp is one of the Top banking groups of Europe. It offers products and services like personal banking, commercial and business banking, wholesale banking and asset and wealth management. The merge or the product of successful banks Nordic banks Unibank, Merita Bank, Nordbanken and Christiania Bank during the late […]