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Banking news worldwide | Page 6

An overview of news, trends and research in the Banking industry in all countries:

United Kingdom

UK dealmakers expect inflation to sink to 2% before 2026 UK dealmakers are clashing with the Bank of England over its monetary policy – with 32% calling on the institution to lower interest rates, as they expect inflation will sink to 2% in the next two ye
04 October 2023
United Kingdom

Santander ditches EY as financial crime consultant Spanish financial giant Santander has received a refund from EY, after a project involving the firm’s financial crime team allegedly went wrong.
03 October 2023
Australia

Safeguarding financial institutions from nation-state attacks The International Monetary Fund has warned that financial institutions around the world must be prepared for heightened cyber threats.
02 October 2023
Asia

Market size of global halal industry to reach $7.7 trillion by 2025 Southeast Asia’s halal industry is booming according to a new study by management consulting firm YCP Solidiance, and is showing no signs of slowing down.
30 September 2023
United Arab Emirates

The state of procurement in the UAE banking sector In its ‘Banking Procurement Study’, experts from Grant Thornton’s management consulting business outline the state of procurement practices within large UAE-based banks, shedding light on best practices
12 September 2023
Middle East

GCC onshore asset management base to cross $500 billion by 2026 Around 70% of regional wealth in the Gulf Cooperation Council (GCC) countries is currently held in offshore accounts, though that may soon change.
06 September 2023
Middle East

Emirates NBD looks to leverage the power of generative AI Emirates NBD, a leading bank in the MENA region, has announced a roadmap to adopt generative artificial intelligence (AI) tools.
04 September 2023
United Arab Emirates

Commercial Bank of Dubai taps PwC for adoption of AI technologies The Commercial Bank of Dubai has selected PwC as its partner for the adoption of AI technologies across the organisation.
28 August 2023
United Kingdom

Partnerships present key opportunity to investment banks Investment banks face a difficult market, with declining revenues and a need to digitalise services.
28 August 2023
Lebanon

Alvarez & Marsal delivers damning report on Lebanon's central bank A preliminary forensic report of Banque du Liban has painted a damning picture of Lebanon’s central bank, exposing a range of illegal and concerning practices that contributed to the nation’s dire fi
14 August 2023
India

Reserve Bank of India selects McKinsey and Accenture for AI project The Reserve Bank of India has following a competitive bidding process selected McKinsey & Company and Accenture as its partner for an artificial intelligence project.
12 August 2023
United Kingdom

Delta Capita to bring Citi's QMA solution to banking sector Global banking institution Citi has sold its in-house solution for digital communications workflow management (QMA) to Delta Capita, as part of their dual aim to scale and commercialise the product a
26 July 2023
United Kingdom

Operational excellence in investment banking through partnerships In today’s rapidly evolving landscape, investment banks are increasingly struggling to maintain operational excellence.
24 July 2023
United Arab Emirates

Two major UAE banks select IBM Consulting for digital mandate IBM Consulting has been awarded two new mandates in the UAE’s banking landscape, with both Dubai Islamic Bank and First Abu Dhabi Bank selecting the firm as the lead delivery partner for a digital tr
14 July 2023
United Arab Emirates

Strategy& leader Jorge Camarate on the financial services sector Jorge Camarate is a partner with Strategy& and the leader of the firm’s Financial Services practice in the Middle East.
14 July 2023
Canada

Yulcom Technologies wins contract with Colombian payments platform Visionamos Yulcom, a Montreal-based IT consultancy, has won a professional services contract with Visionamos, a non-profit entity that runs Colombia’s only low-value payments system for cooperative banks.
10 July 2023
United Kingdom

AML compliance struggles and how companies can overcome them A recent survey into anti-money laundering (AML) has found that 60% of companies are struggling with staying ahead of AML regulatory changes and ensuring effective compliance.
30 June 2023
Qatar

IBM and Mannai InfoTech deliver QNB digital banking upgrade IBM’s consulting and tech teams have delivered new architecture for Qatar National Bank’s digital banking platform, which the bank says has resulted in productivity gains and a seamless user experien
26 June 2023
United States

Capco expands US community banking practice Capco, a global financial services sector consulting firm, has expanded its US community banking practice with a deeper array of digital offerings.
13 June 2023
United States

McKinsey scolded by regulators for weak consulting work at Silicon Valley Bank The US Federal Reserve’s 102-page post-mortem report on Silicon Valley Bank (SVB) criticized McKinsey & Company for consulting work it performed for the now defunct bank in 2020 and 2021.
12 June 2023

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