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.
Latin American & Caribbean banking, financial services, investment & insurance news
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.”
$12 Million SWIFT Cyberheist Investigation Leads to Empty Hacker Hideout
Authorities thought they had a lead in the case ...
SWIFT Launches Wire Transfer Reporting & Analytics Service
SWIFT, the Brussels based global payments platform has announced ...
High Compliance Costs Driving Credit Unions To Purchase Banks
ROYAL OAK, Mich., April 26, 2016 (PRNewswire) – In 2011, United ...
Avasant’s Anupam Govil Appointed to the SIG Advisory Board
Los Angeles, CA, April 19, 2016 (Newswire.com) – Management ...
Trinidad & Tobago Insurance Limited Rated “Excellent” By A.M. Best
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the financial strength rating ...
Report Finds Compliance Function Pressured by Growing Business Demands, Regulatory Complexity and Lagging IT Architecture
The ability of financial institutions’ compliance function to manage ...
FASB Announces Credit Losses Transition Resource Group Members
The Financial Accounting Standards Board (FASB) has recently announced the ...