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BIS Innovation Hub, Swiss National Bank and World Bank launch Project Promissa to test tokenisation of financial instruments

To address the global challenges of the 21st century, the G20 wants to deliver better, bigger and more effective multilateral development banks, through substantially increasing their financing capacity. Today, many international financial institutions (including multilateral development banks) are partly funded...

Temenos and Deloitte US Join Forces to Accelerate Platform Modernization of US Banks in the Cloud

Temenos and Deloitte announced a partnership agreement to provide technology solutions to help US financial institutions accelerate core banking and payments modernization in the cloud. Through this agreement, Temenos and Deloitte Consulting LLP will help financial institutions to deliver...

Citi plans to launch new investment banking business in China by 2024

Citigroup plans to deepen its involvement in China’s financial markets with the launch of an investment banking unit in the country, even as rivals grow more cautious there. The large US bank intends to launch the wholly owned China-based unit...

Euro Dynamics Pertaining To The Banking Industry In 2024

As 2024 starts taking shape, the euro braces for a complex environment due to political shifts as well as economic challenges. Parliamentary along with presidential elections across numerous Eurozone countries, such as Austria, Croatia, Belgium, Lithuania, Portugal, as well...

Digital Banking Trends For 2024 Opening Up Abundant Options

Banking and the financial services sector are undergoing tremendous shifts as a result of technological evolutions, thereby changing customer demands and, at the same time, broadening regulatory frameworks. As we are in 2024, it is indeed crucial to keep...

As Growth Stalls, Big Banks In China Slash Deposit Rates

In a recent development that has cropped up, China’s biggest banks happen to be lowering the deposit rates that are offered to savers, a scenario that could pave the way for the central bank to go ahead with interest...

Advent of Competitive Banking Sector & Its Building Blocks

One happens to live in an increasingly digitalized world where citizens have all the data as well as services they require at the click of a button. At any time of the day or even night, one can go...

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