Whoosh! That was it. The March 14th deadline for PSD2 - the date by which banks in Europe were required to implement facilities for third-party providers (TPPs) to test their functionality against a simulated bank environment - has just flown by.
For financial institutions, executing the move away from the interest rate benchmark, LIBOR, to alternative interest reference rates (e.g. SONIA, SARON) is a colossal exercise. It requires them to structurally revisit everything from their products and accounting strategies and tactics through to their risk models and valuations – to make the necessary amendments.
Driven by the promise of greater efficiency and better user experiences, digital transformation has become a key initiative across a broad range of industries.
Mergers and Acquisitions are complex and high-risk undertakings. However, if successful, M&A can fuel company growth through the addition of new products, markets and customers and result in increased profitability. In competitive and crowded marketplaces, M&A is increasingly being viewed as a strategic route to gain coveted market share, and research shows that this type of activity is surging in the Financial Services sector. According to Deloitte, the drivers that were favourable for bank M&A in 2018 — tax reform, increasing interest rates, digital investments and a business-friendly regulatory environment — continue to make a strong showing, and 76% of M&A execs in US firms and 87% of those in private equity (PE) expect the number of deals they will close in 2019 to increase. Some 70% are anticipating bigger deals, with 51% predicting them to be worth $500m-$10bn, compared to 38% in 2018.
For an insight into the online payments market, Finance Monthly speaks with Artem Tymoshenko - a FinTech expert specialising in payment systems, processing systems, e-money, risk management, network & system security, digital self-service and e-billing.
Navigating through uncertainty is a challenge but also an opportunity. Concerns over GDP growth, dislocation in the equity and bond markets and fears surrounding Brexit have complicated the fundraising landscape.
Corporate insolvencies increased by around 10% last year – a clear sign that many businesses in many industry sectors are struggling to make a profit in competitive markets. Despite this, relatively few understand exactly what they can do to protect their operations from insolvency.
Venezuela is a contradiction – it remains the country with the largest proven oil reserves on the planet, and yet, it is also a country whose people are starving and in some cases, dying from hunger or illnesses.
It’s March and summer is just around the corner, which means that it’s time to start planning your summer holidays! If you're sat at your laptop, twiddling your thumbs, aching to leave the office and visit somewhere new, take a look at our 5 suggestions for the best places in Europe you should visit this summer.
Merck [NYSE:MRK], known as MSD outside the United States and Canada, and privately held Antelliq Group announced that the companies have signed a definitive agreement under which Merck will acquire Antelliq from funds advised by BC Partners.
Somos, Inc., a provider of trusted, neutral numbering and registry administration services for the telecommunications industry, has announced the acquisition of the software development and consulting business of 10X People, LLC, a leading provider of customised technical solutions and innovative numbering products.
FSN Capital V has, together with management, acquired a majority stake in the Rameder Group, the European market leader in the distribution of towbars and related products. This partnership marks FSN Capital Funds’ first platform investment in Germany.
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