Bank of England says insurance reform must not repeat Equitable Life debacle
LONDON, Jan 16 (Reuters) - Britain's proposed changes to capital rules for insurers could lead to the government having to...
Banking
FTSE 100 in sight of record high as financial stocks gain
Ocado rises ahead of resultsFTSE 100 nears record highM&S to invest $587 mln in store estateFTSE 100 up 0.2%, FTSE...
SPEEDWELL’s first industrial project, SpacePlus, receives financing from Alpha Bank Romania
SPEEDWELL, the real estate developer, has secured financing from Alpha Bank Romania for SpacePlus, its first industrial development located in...
Fixed Rates Peak As Market Volatility Eases – Forbes Advisor UK
What’s the latest news from the savings market? We monitor all the latest moves and keep you updated regularly with...
upSWOT and Mastercard are partnering on open banking data analytics to deliver embedded finance and underwriting tools
Latest integration enables leading banks to deliver actionable insights to their SMB clients and improve their access to capital. SMBs...
DCW unveils its latest insights on letter of credit use in the USA
Estimated reading time: 5 minutes This report was published by Documentary Credit World (http://doccreditworld.com/). Following the latest Q3 2022 edition of its quarterly letter of credit (LC) statistics for US banks, Documentary Credit World (DCW) has released its analysis of LC issuance from banks in the country. The analysis examines the differences in the volumes of standby letters of credit (SBLCs) and commercial letters of credit (CLCs), as well as profiles of the banks – divided into a set of tiers – that tend to issue the documents. The dataset...
Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
A new year has brought Europe a little bit of good fortune. Unusually mild, even warm, weather has helped pull...
Cashfree Payments launches ‘Out of the World’ campaign focusing on the importance of trust in online payments
BENGALURU, India, Jan. 16, 2023 /PRNewswire/ -- Cashfree Payments, a leading payments and API banking solutions company, today launched its brand...
UK must “raise our aspirations” in fintech growth race
Monday 16 January 2023 5:00 am Andrew Griffith, the City minister, has written on the “stunning success” of UK fintech...
Fintech firm Revolut calls in psychologists after criticism of its corporate culture | Fintech
Britain’s most valuable fintech company, Revolut, is assembling a team to track whether staff are being “approachable” and “respectful”, as it tries to address criticism about an aggressive corporate culture and secure a UK banking licence.While the crypto trading to payments company is valued at $33bn (£27bn) and boasts 25 million customers and 6,000 staff in offices stretching from London to Tokyo to São Paulo, it has so far lacked a UK licence that would bring the firm within regulated customer protection schemes.The new division, which will include psychologists and...