Banking Transformation Summit USA

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Bank of England Hikes Rates, Sees 13% Inflation, Long Fall

The invasion of Ukraine by Vladimir Putin has put Britain on a path to a longer-than-expected recession and inflation exceeding 13%, the Bank of England said as it increased interest rates for the sixth time in a row. Threadneedle...

The Rate of Inflation In The UK Breaches A 40-Year-Old Mark

As gasoline and food costs continue to rise, UK inflation reached a fresh 40-year high in June, according to official figures released on July 20th. According to a statement from the Office for National Statistics, the Consumer Price Index...

Australian Banks Urge Clients To Use PayID To Thwart Scams

A public awareness media campaign has been launched by the ABA and collaborating ABA member banks to aid in defending clients against the rising threat of frauds. When making payments through online and mobile banking, users are urged to...

BOA Fined $225mn For Misusing Pandemic Jobless Benefits

Bank of America Corp. was fined $225 million by federal regulators for improperly processing the disbursement of unemployment benefits and other state assistance during the height of the pandemic. Customers who were improperly denied access to their unemployment benefits were...

As Inflation Soars, Australia Will Review Its Central Bank

Australia announced that it would evaluate its central bank, including whether the emphasis on inflation targeting is appropriate, after authorities came under fire for acting too slowly in the face of escalating pricing pressure. The Reserve Bank of Australia...

2022 Forecasts For Tech Trends In Consumer Banking Industry

There is technology everywhere. What could be more obvious? One has likely heard this a million times. Within the last ten years, new technology has completely altered every aspect of human life, from travel to discovering a new sushi...

Can The Fintech Industry Tsunami of Layoffs Help Banks?

Banks have had trouble luring IT talent over the past several years due to a national labour shortage that has been made worse by the pandemic and the "big resignation tsunami," according to Poorani Jeyasekar, director at consulting and...

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