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BofA global environmental exec: Addressing climate change goes beyond business-as-usual

/sustainable

BofA global environmental exec: Addressing climate change goes beyond business-as-usual

Alex Liftman, global environmental executive, Bank of America (BofA), believes “significantly accelerating progress on addressing big global issues like climate change requires going beyond business-as-usual financing to find innovative approaches that can help attract a larger share of capital from a broader set of investors.”

Piercing the LIBOR veil: Concern brews over looming deadline

/regulation

Piercing the LIBOR veil: Concern brews over looming deadline

While financial institutions across the market remain outwardly confident about their LIBOR transition strategy, uncertainty continues to surround the feasibility of achieving the migration within proposed deadlines.

Triodos Bank CEO: 'Bankers should be eco-warriors'

/sustainable

Triodos Bank CEO: 'Bankers should be eco-warriors'

Presenting at the Bristol Distinguished Address Series, Dr Bevis Watts, chief executive of Triodos Bank UK spoke on the essential role banking must play in driving action on climate change.

How analytics can help expand market share and generate revenue

/startups

How analytics can help expand market share and generate revenue

Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.

Bank IT adoption linked to surviving financial crisis - research

/retail

Bank IT adoption linked to surviving financial crisis - research

Tech-focused banks may have weathered the global economic crisis better than their less savvy rivals, suggests a new IMF paper that finds a link between higher IT adoption pre-2008 and fewer loan defaults when the crunch hit.

Credit card issuer Newday to purchase finance platform Deko

/Credit risk

Credit card issuer Newday to purchase finance platform Deko

UK credit card issuer NewDay is set to acquire retail finance platform Deko in bid to diversify its offering.

Banks must adopt decarbonisation strategy ahead of imminent climate crisis

/sustainable

Banks must adopt decarbonisation strategy ahead of imminent climate crisis

The influx of green banking initiatives and risk management tools has done little to remedy the expansion of fossil fuel financing and commercial attitudes remain unchanged as we move forward towards what is now a climate crisis, according to Boston Common Asset Management’s 2019 report.

Money 20/20: Fusion centres are the future of fraud prevention

/security

Money 20/20: Fusion centres are the future of fraud prevention

Security executives have a bigger seat at the table when making product decisions in the world of faster payments and online account origination. At Money 20/20 USA, industry experts discuss how technical knowledge and business issues need to be married to truly meet the realities of digital transformation and prevent fraud.

Where do incumbents look for game-changing innovation?

/Credit risk

Where do incumbents look for game-changing innovation?

How can the established players in financial services deliver meaningful game-changing innovation? What are the challenges in building this from scratch and does the key lie in partnerships with fintechs and start-ups?

Climate related risk management is now a ‘must-have’

/Credit risk

Climate related risk management is now a ‘must-have’

On day two of the World Conference of Banking Institutes, executive director – business development of the Abu Dhabi Global Market Steve Barnett opened sessions with a focus on sustainability in emerging markets and explored how education is a core pillar when ensuring commitment to environmental, social, and governance (ESG) initiatives.

Why financial institutions are modernising on cloud

/cloud

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

Geopolitics and the impact of political uncertainty on financial services

/Credit risk

Geopolitics and the impact of political uncertainty on financial services

At Sibos 2019, industry experts will be discussing today’s payments landscape and how banks now need to balance their customer demands for speed with regulatory demands for financial crime and risk controls.

Capital One data breach leaves 100 million vulnerable

/Credit risk

Capital One data breach leaves 100 million vulnerable

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.

FCA suggests ban on crypto derivatives

/Credit risk

FCA suggests ban on crypto derivatives

The UK's financial services watchdog is proposing a ban on cryptocurrency derivatives for retail investors in order to prevent them incurring large losses in financial instruments they do not understand.

OakNorth wins tech deal with NIBC Bank

/Credit risk

OakNorth wins tech deal with NIBC Bank

OakNorth has signed a five-year deal with Dutch lender NIBC Bank in the first publicised sale by the British lender of its credit decisioning platform.

JPMorgan Chase pledges $125m to fintech-focused financial health initiatives

/inclusion

JPMorgan Chase pledges $125m to fintech-focused financial health initiatives

JPMorgan Chase will give $125 million over the next five years to non-profits working around the world to improve the financial health of underserved communities, focusing on the use of fintech tools to help people save, boost their credit and reduce debt.

SoGen issues covered bond as security token on Ethereum

/Credit risk

SoGen issues covered bond as security token on Ethereum

Societe Generale has issued EUR100 million of covered bonds as a security token, directly registered on the Ethereum blockchain.

Automation could displace 40 FS industry job roles - Singapore study

/Credit risk

Automation could displace 40 FS industry job roles - Singapore study

Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.

Tackling digital transformation in Nordic financial services

/Credit risk

Tackling digital transformation in Nordic financial services

SWIFT's Business Forum Nordics event examined how the financial services community in the region can deliver technological innovation while managing emerging risk factors.

Money 20/20 Asia: Leveraging data to provide the unbanked with credit

/inclusion

Money 20/20 Asia: Leveraging data to provide the unbanked with credit

Money 20/20 Asia day three opened with a detailed discussion on reaching the unbanked in South East Asia, following an age in which financial inclusion has been driven by regulatory and policy mandates. Today, the ‘financial inclusion market’ is leveraging data analytics to offer a greater choice for consumers and expand in areas that financial institutions previously avoided because of increased paperwork.

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