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 ÂŁ745 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 […]
The journey from the traditions to modernization
National Bank of Greece (NBG) the traditional, formerly state-owned bank that can be found in most of the Greek markets. Established in 1841, it was the first bank to be set up in the Modern Greek State. It was destined to be a part of the Greece’s economy throughout the 180 year course of history and […]
Biometric Payment cards – Evolution in the banking methods
Since the start of the pandemic many issues have raised for the banks and financial institutions one such is the fraud of debit and credit card. Even though many national economies faltered from the virus and millions of people struggle with job losses but the fraudsters never stopped. Actually it is the opposite in fact, […]
Are the banks ready for tomorrow?
All the banks around the world are trying to evolve with the ever evolving trends of the banking sector. Middle Eastern banks are racing to catch up the technology updates shaping the way they operate and serve their customers. And one such financial institute Deloitte, recently launched their reports which has the strategies and key […]