Banking & Capital Markets

BBVA and Amazon Web Services Sign Cloud Infrastructure Deal

BBVA is making AWS its "preferred" cloud infrastructure provider to help migrate its workflows to the provider's system.

Deloitte to Open Up $20 Million USD Regional Services Center in Mexico

Deloitte's $20 million investment in Querétaro, Mexico, will create one of its four major regional services centers.

Accenture Buys Allen International to Lead Banks in Digital Transformation

Accenture has bought a company that it believes can allow it to "help banks make the branch a physical manifestation of the digital experience."

Why Understanding the ‘Consumer’s Vision’ Is Now Critical to Financial Services

Consumer's vision is what allows a company to understand the deepest needs of the public.

Embarrassing Website Outage Ensnares Colombia’s Largest Bank

The downtime was reportedly due to Bancolombia's failure to renew a domain.

Lloyd’s of London Pulls in $1.9 Billion USD in Profits in First Half of 2016

"The U.K.’s referendum on its E.U. membership is a major issue for us to deal with," says Inga Beale, chief executive of Lloyd's of London.

Bonds Are On Pace for a Record Year

The current issuance rate is not only outpacing every year since the financial crisis — but it is besting the all-time high bond year of 2006.

Should Other Banks Be Worried About Elizabeth Warren’s Tough Talk Against Wells Fargo?

"We put industry clearly on notice," said Richard Cordray after CFPB's historic fine against Wells Fargo.

People Are Complaining About Their Banks Much More than Last Year

Compared to 2015, complaints related to bank accounts are up 26%, jumping to 2,400 complaints per month versus less than 1,900 last year.

Wearing Brown Shoes Might Cost You a Bank Job in London

For those looking to get into a top U.K. bank, "the wearing of brown shoes with a business suit is generally, though not always, considered unacceptable," says a new study.

Cyber-Insurance Premiums Reached At Least $1 Billion USD in 2015

AIG), Chubb, and XL Group led the way in term of cyber-insurance premium volume, issuing 22%, 12%, and 11% of the market, respectively.

Opportunity Knocks: Millennials Want Better Financial Advice

Although only 21% of Millennials have a financial advisor, a whopping 72% say they are interested in receiving professional guidance.

Lending and Credit Growth Still Booming Throughout Developed Economies

"Credit demand has remained fairly strong, consistent with robust investment growth," says Michael Pearce of Capital Economics.

SWIFT Takes Heat Over Security Lapses Following Series of Bank Heists

Amid questions of its commitment to security, SWIFT seems to be realizing that it must start protecting its reputation along with its system.

RBS Abandons Plan to Spin Off Williams & Glyn Amid £2 Billion Losses So Far in 2016

Overall, the Edinburgh-based bank spent some £1.4 billion on an IT system for W&G, which it will now try to sell off instead of developing.

SWIFT Adds First Two Indian Banks to Its Global Payments Innovation Initiative

SWIFT added two Mumbai-headquartered banks, ICICI Bank and Axis Bank, to its global payments innovation initiative this week.

Enterprise 2.0: Digital Transformations Are Best Cooked Over Low Heat

An optimal digital transformation is something best achieved with patience — cooking little by little — and down-to-earth goals.

The Financial Services Industry Leads the Way on Adoption of Encryption

Amid record encryption uptake among all companies, those in the financial services industry now have the highest adoption rate at 56%.

Asset Managers Are Warming to Emerging Markets as Banks Continue Their Rally

"Chinese banks dominate the list of stocks at the largest discount vs. historical valuations," according to Citi analysts.

PayPal Takes a Hit After Announcing New Partnership with Visa

The profit downside to PayPal is what investors are focusing on, with the company's shares down more than 9% in intraday trading.

Three Latin American Fintech Startups Take Home $10,000 USD Prizes at SWIFT Event

Bitso, Destacame, and Quotanda recently took home $10,000 USD prizes and the chance to participate in the Sibos 2016 conference in Geneva this fall.

Operations Management Firm EXL Acquires Insurance Policy Automation System

"Consumers increasingly prefer using digital channels to purchase insurance," says EXL CEO Rohit Kapoor.

75% of Organizations at Risk of Cyber-Incidents and Financial Services Sector Is Particularly Unprepared

RSA President Amit Yoran says that "organizations need to set their agendas early, build comprehensive strategies, and not wait for a breach to force them into action.”