Banking news worldwide | Page 9

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

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
United Kingdom

FCA failing to apply powers for sanctioning misconduct under SMCR Despite being in place for over seven years, only one enforcement action has been taken since the introduction of the Senior Managers and Conduct Regime.
12 June 2023
United Kingdom

Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
Australia

Delivering hyper-personalisation in banking with new technologies In today’s experience economy, customers have come to expect personalised and tailored experiences from their banks.
23 May 2023
Australia

Tech that's helping banks weather economic headwinds Fifteen years post the global financial crisis, the world of banking is facing major challenges again.
23 May 2023
Saudi Arabia

Saudi Arabia’s banking sector set for further gains Following a boom last year, Saudi Arabia’s banking sector is set for further gains in the coming years, according to a forecast by Boston Consulting Group.
23 May 2023
Europe

Implementing ISO 20022 for cross border payments In March 2023, the ISO 20022 standard adoption for cross-border payments went live for SWIFT and EUR RTGS systems (Target 2 and EBA).
19 May 2023
Bahrain

The NextGen Banking Technology Summit is coming to Bahrain As part of its international tour, the NextGen Banking Technology Summit is coming to Bahrain, with dozens of leaders set to convene in Manama later this month to discuss the latest trends and develo
12 May 2023
China

Chinese investment bank CICC Capital bans use of Capvision Chinese investment bank CICC Capital has banned any internal use of Capvision for any due diligence-related services.
11 May 2023
Switzerland

Swiss government taps Alvarez & Marsal for Credit Suisse rescue The Swiss government has hired consultants from Alvarez & Marsal to facilitate its role in the acquisition of failed Swiss bank Credit Suisse by UBS.
05 May 2023
Australia

RBA brings in PwC to sort out staff underpayment issues Already under fire on a number of fronts for its continuous rate-hike response to runaway inflation, the Reserve Bank of Australia has now admitted to underpaying former staff over the past seven yea
23 April 2023
Switzerland

UBS selects Oliver Wyman to oversee Credit Suisse integration Multinational investment bank UBS has hired Oliver Wyman to guide the integration of Credit Suisse. UBS agreed in mid-March to buy Credit Suisse for 3 billion Swiss francs ($3.35 billion) in stocks.
21 April 2023
Middle East

Deloitte leaders reflect on Financial Crime Symposium in Dubai Senior leaders from the world of financial crime recently attended a symposium by Deloitte, gaining insight into the latest regulatory developments and emerging trends in the scene.
17 April 2023

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