Daily interactions and corporate transactions are being transformed by digitalization, and global financial services will continue to be impacted by developments in banking technology. The whole banking sector is changing due to millennials and Gen Zers’ growing need for a digital banking experience. Technology has a hand in almost every part of the banking sector,
Rising inflation and growing interest rates across the world continue to impact the housing market and in turn, mortgages. Looking at inflation or interest rates in isolation might spark ideas about how to approach your own financial situation, such as adjusting your mortgage payments. However, small actions like these might not be sufficient to mitigate
Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive Federal Reserve tightening policy through the rest of this year, and sees that pushing the jobless rate higher than it previously projected. Goldman Sachs had earlier posted a forecast of 1.5% growth in GDP of the United States.
The European Central Bank (ECB) has selected CaixaBank and four other organizations to collaborate in the development of a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, is the only European bank selected
Flutterwave, Africa’s leading payments technology company, announced that merchants can now accept eNaira payments from their customers on their platform. This is an addition to other payment methods on Flutterwave, including cards, bank transfer, Barter by Flutterwave etc. “With our new adoption of eNaira as a payment method on Flutterwave, we’re enabling various payment methods to
Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods. PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout. With the new
AIG Inc’s life insurance and retirement division Corebridge Financial Inc (CRBG.N) raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings. AIG said it sold 80 million Corebridge shares at $21 per share, which was at the lower end of
Different technologies have been applied to meet the needs of the sector as FinTech becomes more widely adopted globally. Consumer expectations, governmental approvals, security upgrades, and rivalry are a few of them. The sophisticated technologies powering the ecosystem have improved in intelligence and adaptability. The categories of artificial intelligence (AI), cloud computing, blockchain, the internet
Commonwealth Bank (CBA) has become the first major Australian bank to enable PayTo payments for CBA customers – a new digital way to authorize payments from a CBA bank account, and the latest initiative from New Payments Platform Australia (NPPA). Eligible CBA clients will be able to manage one-time or recurring new PayTo payment agreements
Adyen, the global financial technology platform of choice for leading companies, announced the expansion of the Real Time Visa Account Updater (VAU) to Europe. Adyen will assist its clients in increasing the revenue and approval rates of card-on-file payments by automatically updating Visa accounts in real time as the first platform to provide real-time VAU coverage in
14 October 2022 | Vienna, Austria.
14 October 2022 | Vienna, Austria. This symposium, co-hosted by the OECD and the Central Bank of Austria (OeNB), will provide a forum to discuss the financial resilience of citizens in challenging times, focusing on: Building a strong financial literacy stakeholder community Navigating the sustainable finance landscape Strengthening digital financial competencies for personal protection Enhancing financial
April 24th-28th, 2023. | Gleacher Center, Chicago
April 24th-28th, 2023. | Gleacher Center, Chicago In this premier program, led by the world-renowned Chicago Booth finance faculty, you will assess the value of your strategic decisions and gain a broader understanding of the interaction between business strategy and financial strategy. You will achieve a more sophisticated view of how the tools of modern
