Fahie joins former Panamanian President Manuel Noriega as the only other head of government in to region to have been convicted of drug trafficking the United States.
Significant Offshore Oil & Gas Found Off Suriname Coast
Apache Corporation (NYSE, NASDAQ: APA) and Total S.A. (NYSE: TOT) today announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working ...
Lloyd’s of London Taps BCG and L Marks to Bolster Lloyd’s Lab Innovation Center
"We will find the InsurTech leaders of tomorrow and create new solutions that will benefit the Lloyd’s market,” said Stuart Marks, founder of L Marks.
Confirmed: Amex Paid $13.3 Million USD to Acquire Digital Payments Startup Cake Technologies
In a transaction last year, credit card giant American Express acquired U.K. digital payments startups Cake Technologies, the global financial firm recently confirmed.
Experian to Acquire London Fintech Startup ClearScore for $385 Million
In a massive deal, Experian is set to acquire London-based fintech startup ClearScore for $385 million.
European Union to Propose New Standards for Blockchain Technology
The EU will propose common standards for blockchain in an effort to create more clarity and encourage fintech innovation.
Survey: Two-Thirds of UK Businesses Are Embracing FinTech
The most popular reported use for fintech, with 32% of respondents, has been connecting with online lenders.
France and Sweden Continue to Grow as FinTech Hubs
The U.K. and Germany remain the fintech leaders in Europe, but the growth of two other markets shows that location is less important than ever.
Verisk Analytics Acquires U.K. Insurance Software Provider Sequel for $325 Million USD
The Jersey City-based company said in a statement that it expects the transaction to be finalized in the third quarter this year.
Trinidad and Tobago’s Strengths Align with Nearshore Needs
Why anyone considering a nearshore location should find out more about Trinidad and Tobago.
Barclays Opens ‘Rise London’ FinTech Co-working Space
With Rise London, Barclays hopes to create new fintech-based products and services, experiment with emerging technologies, and spot early trends.
Lloyds Banking Group Partners with Microsoft on Biometric Authentication for Account Holders
"Devices will recognize the user rather than having to remember an assortment of letters and numbers that are forgotten or could be guessed," said Lloyds.
Ireland Looking to Position Itself as Financial Services Leader as Brexit Lumbers Forward
Brexit “offers opportunities to attract new opportunities to our shores,” said Enda Kenny, head of Irish government.
Outsourcing and Global Services Outlook 2017: Everything Is Changing
Customers and providers that adopt the “as a service” model will find themselves relatively insulated from political winds — and perhaps better positioned for the wider evolution already underway.
Bank Closings Continue to Sweep the United Kingdom
More than 1,000 bank branches have been shuttered in the past two years, with HSBC closing 27% of its branches and Lloyds closing 14%.
Budding Accountants Are Worried Automation Will Steal Their Jobs
Nearly three-fourths of those looking to enter the accounting field are concerned that automation will make their jobs obsolete.
UK Actuary Department Publishes Assessment of Blockchain’s Potential
With blockchain, "we may see the financial services industry becoming more streamlined and efficient," says the U.K. actuary department.
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.
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.
Barclays Introduces Voice Biometrics for Telephone Banking Security
A person's voice pattern is as unique as their fingerprint, so Barclays is ditching security passwords in favor of voice biometrics.
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.
Deloitte Launches SAP S/4HANA Finance Lab For Finance and IT Leaders
NEW YORK, May 12, 2016 (PRNewswire) – Deloitte today announced the launch of a lab program designed to help finance and IT leaders transform the enterprise and explore opportunities to unlock new business value based on the SAP S/4HANA finance solution. Deloitte’s ...
A.T. Kearney Says Trinidad & Tobago Belongs In Top Tier Of Global Services Destinations
The global landscape for service delivery, whether Business Process Outsourcing (BPO) or in-house shared services is never static. Global executives in the process of short-listing locations are unwise to simply return to the default choices of a decade ago. Things ...