Comment on US Economic Data Putting Pressure on Fed’s Pace of Asset Purchases
Commenting on US GDP and pandemic-low jobless figures, Ali Jaffari, Head of North American Capital Markets at Validus Risk Management, said: “US initial jobless claims and QoQ GDP came in slightly lower than consensus estimates at 406K and 6.4% respectively. Employment data remains a key focus for the Fed and a continued convergence to pre-pandemic levels will certainly drive the thinking on tapering discussions.
Fall in Global ATM Installed Base Following COVID-19 Disruption and Growth of Cashless Payments
Financial inclusion measures and the ongoing need for cash led to a rise in ATM numbers in almost half of all countries, but overall, the global ATM installed base fell slightly in 2020 Cash remains the most widely used method of payment in many countries
PPRO Comment: Deadline extension for Strong Customer Authentication
- 2 years 11 months ago
- Covid-19
Ralf Ohlhausen, Executive Advisor at PPRO, comments:
Covid Lockdown Roadmap: How Businesses Should Prepare for Ongoing Restrictions of Rules That Are Changing From Today
In light of the news that England enters step three today, pubs and restaurants will be able to open indoors, and groups of six people or two households will be able to mix indoors. With this in mind, Angus Burrell SVP Retail at global payments service provider, emerchantpay, predicts that both in-store and online sales will see a significant increase.
Smart Engines Became One of the 14 Companies to Recover the Tourism Industry in Portugal in the Post-COVID-19 Era
- 2 years 11 months ago
- Artificial Intelligence, Covid-19, Digital Identity
Smart Engines, a science-driven company, is participating in an international program The Journey PT 2021 for speeding up the restart of the Portuguese tourism industry after the pandemic. The main goal of The Journey is to help solve business challenges using global innovative solutions, especially for tourism. Turismo de Portugal is featured as the main partner of the program. The Journey is organized by collaborative innovation consultancy... more
Generation Save: Young Shunning Debt And Saving More Than Parents New Research On Cost Of Covid-19
- 2 years 11 months ago
- Covid-19
New research from BNPL provider, Clearpay, has shown that despite being the generation hit hardest by the pandemic, Gen Z and Millennials are the most financially savvy generation in the UK – with 68% of Gen Z and 61% of Millennials budgeting and saving more responsibly than their older counterparts.
Covid, Cyber, Compliance and ESG top Risk Concerns for Financial Services Sector: Allianz
- 2 years 11 months ago
- Covid-19, Cybersecurity, Compliance
Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector's reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new report Financial Services Risk Trends: An Insurer's Perspective from Allianz Global Corporate & Specialty
Public Cloud Revenues to Jump by 50% and Hit Over $500B by 2023
The COVID-19 accelerated the growth of the cloud computing market as companies across the globe started seeking a way to secure business continuity amid the lockdown. However, the following years are set to witness even more impressive growth, with revenues hitting a new benchmark.
Banks will Return to Pre-COVID Performance Levels within Three to Five Years, According to Kearney Analysis
Analysis from global consultancy partnership Kearney has found that the performance of retail banks is likely to return to pre-pandemic levels within three to five years, although profitability will remain under pressure in the next two years.
How e-learning industry went through the roof in Pandemic
- 2 years 11 months ago
- Covid-19
e-learning platforms have seen a breakthrough since the Pandemic. Social distancing and lockdown have resulted in shutting down schools, colleges, and universities. Many businesses have also shifted their work at home. As a result, education and learning is undertaken remotely over digital platforms. It became a benediction to bring out positivity in people in those uncertain times.
Mastercard to Donate $10 Million to Address India’s Covid Crisis
Mastercard today announced a US$10 million (approximately 75 crore rupees) commitment to directly address critical Covid-related needs in India. Over the past few weeks, the country has seen a spike in both Covid diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day.
Contactless Payments to Double and Hit $1.6T Value by 2024
The COVID-19 has given contactless payments technology the boost it needed for widespread global adoption, as consumers worldwide started avoiding cash in fear of spreading the virus.
New Accelerator Launches to Help Big Financial Institutions and Fintechs Build Back Better
- 2 years 12 months ago
- Covid-19
On April 21st a new accelerator programme is being launched in the UK to help organisations around the world succeed in the new economy after lockdown in ways that are both good for people and good for the planet. The Build Back Better Accelerator will support leaders of financial services organisations launch new and more sustainable products at a rapid pace, as well as investing in new start-ups and ideas independently.
Innovation Keeps SME’s In Business During Covid
The coronavirus pandemic has brought about chaos for many UK SMEs, but raw entrepreneurism has risen through the uncertainty as businesses adapt and pivot to survive. New research1 on the future of businesses from Cynergy Bank found that 70% of businesses have had to change their business model to survive during the pandemic.
FICO Survey: UK Banks Struggled with COVID-19 Fraud and Money Laundering Surge
As cases of fraud and money laundering rose during the pandemic last year, banks in the UK faced unforeseen challenges. In a new study by global analytics software provider FICO and independent research firm OMDIA, 79 percent of respondents from UK banks said that working from home had a high or major impact on the effectiveness of their financial crime prevention.
