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Denmark proposes scrapping cash obligation for retailers

14th May 2015
Denmark has moved one step closer to becoming the world's first cashless society, as the government proposes scrapping the obligation for retailers to accept cash as payment. How quickly will other countries such as the UK begin to follow suit? Data from Worldpay, the UK’s leading payments processor, reflects a significant shift in the way […]
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Schroders: investment confidence up

14th May 2015
Over half (54%) of retail investors globally feel more confident about investment opportunities in the next 12 months than they did a year ago, according to the Schroders Global Investment Trends Survey 2015, released yesterday. Nine-in-ten (91%) investors across the globe expect to see their investments grow over the next 12 months. Globally, retail investors […]
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700 million leave ranks of the ‘unbanked’

13th May 2015
New mobile payment platforms have contributed to a surge in bank account holders in the developing world with more than 700 million people leaving the ranks of the “unbanked” in the past three years, according to a World Bank survey. Anne MacRae, Head of Financial Services, Fujitsu, emphasised the importance of the progress that is […]
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Credit Suisse income increase

13th May 2015
Credit Suisse delivered a strong and consistent performance in the first quarter, despite adapting to market changes as a result of the Swiss National Bank’s decision in January to discontinue the minimum exchange rate of the Swiss franc against the euro and introduce negative short-term interest rates. The bank reported net income of CHF 1.1 […]
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Corporate Mobile Banking and Bank’s Omnichannel Strategy

12th May 2015
A user-centric approach which allows executives to choose their own device is fundamental to a bank’s success in mobile corporate banking services and should be a key component in every bank’s omni-channel strategy. This is the view expressed in the latest white paper published in April by Mobey Forum, the global industry association empowering banks […]
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Greece repays €750 million loan instalment

12th May 2015
After intense speculation over the possible consequences if Greece defaulted on its loan payments, the country has successfully made a €750 million ($834 million) payment to the International Monetary Fund one day before its first deadline. Worries were rife within the international community, extending to speculation that the country would have to leave the eurozone. It […]
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Promon reaches 11 million customers with self-defending app

12th May 2015
Norwegian security specialist Promon has announced that its customer base has now surpassed 11 million customers worldwide. The security specialists, who have set about delivering true app security and mitigating against increased risk in mobile banking apps, has built up the large customer base over six years, since its launch in 2009. The firm launched […]
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Confidence returns to US market

11th May 2015
US businesses have reported growing optimism about the economy and easing concerns about credit and regulation, according to the 2015 Chase Business Leaders Outlook, published in April. "We're seeing a positive combination of business leaders feeling better about their companies and effectively managing regulatory challenges, such as healthcare and taxes," said John Simmons, Head of […]
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Global focus for Deutsche Bank’s 2020 plan

11th May 2015
Deutsche Bank reaffirmed its commitment to being a leading global bank based in Germany when it announced the next phase of its strategy, covering the period through to 2020, at the end of April. The bank’s announcement covers key strategic decisions, division-specific initiatives and financial targets. Jürgen Fitschen and Anshu Jain, Co-Chief Executive Officers, said: […]
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Open API: a concept essential for the prosperity of the financial sector

11th May 2015
George Osbourne’s ambitions for the financial sector have the potential to revolutionise the attitude of the UK financial industry. Innovative solutions have caught the eye of the political parties, with Osbourne announcing proposals for banks to open their Application Programming Interfaces (APIs) to boost competition within the industry.     How do open APIs impact […]
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Santander posts 32% q1 profit growth

11th May 2015
Banco Santander announced it made attributable profit of €1.7 billion in the first quarter of 2015, at a press conference held at the end of April. This represented a 32% growth on Q1, 2014 figures. Of the ten core markets in which the group operates, only Chile showed a decline in profit. The strong growth […]
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Cuban officials address foreign investors at World Economic Forum on Latin America

8th May 2015
Senior Cuban officials told participants at the 10th World Economic Forum on Latin America that the government is eager to receive foreign investment, and has taken measures to make Cuba an attractive investment destination. The meeting was a historic one for the country, which has recently initiated diplomatic relations with the US after half a […]
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