Citi retains top spot in global digital banking benchmarking study
CitiDirect BE is #1 in Greenwich Associates study for the fourteenth consecutive year.
News
Intesa Sanpaolo in circular economy financing for Schwarz Group subsidiary
The transaction draws on the bank’s dedicated €5bn financing facility.
Starling supercharges its small business offering
The digital bank will offer £250,000 loans, £150,000 overdrafts and a 'business toolkit'.
EU R&D project targets international cybersecurity certification standard
With €3m funding, CaixaBank is heading up the finance side of the project.
HSBC retains Euromoney trade finance survey crown
Credit Agricole, Santander and Societe Generale are new entries in the top 10.
Lloyds to provide £18bn lending pot for UK businesses
The total matches the business lending commitment from the bank in 2019.
FCA becomes AML and CTF supervisor of UK cryptoasset activities
Any businesses undertaking cryptoasset activities is now required to register with the regulator.
Standard Chartered makes first supply chain platform investment in China
The investment in Linklogis is designed to enhance the bank's supply chain ecosystem.
ESMA report seeks fee improvements from ratings agencies and trade repositories
While the report praises good practices, there are ongoing supervisory concerns.
Judo Bank taps GTreasury for treasury and asset/liability management
The bank is looking to automate processes in its treasury and reporting.
Goldman Sachs’ restructures business segments
The reorganisation is part of the firm's attempts to be more client-centric.
Accenture to acquire Symantec’s cyber security business
The acquisition from Broadcom will support Accenture's ability to help companies anticipate, detect and respond to cyber threats.
Moody’s report assesses credit impact of cyberattack on Travelex
The attack on its online business, forcing manual operations, is a credit negative.
ING spins out advanced analytics portfolio tool
The move is designed to accelerate the growth of Katana.
Welltower closes inaugural green bond offering
The offering of US$500m of senior notes is due in February 2027.
Global green & ESG-linked loan volumes increased nearly 2.5 times in 2019
Refinitiv LPC’s Year in ESG/Green Lending report also showed BNP was leading lender and largest deal was with Royal Dutch Shell
Scramble for Singapore’s additional digital bank licences
The country's central bank has received 21 applications for a maximum of five new licences available.
Real-time cross-border payments tracking a reality with Standard Chartered
SC GPI Track, a portal to trace all cross-border payments, arrives ahead of November's SWIFT payments confirmation mandate.
FCA and Bank of England highlight power of data in financial regulation
The two organisations have outlined plans to develop their data and analytics capabilities.
HighRadius lands US$125m Series B investment
The investment will be used to further develop the company's cash management platform.
J.P. Morgan Securities open for business in China
Approval from the China Securities Regulatory Commission came through at the end of 2019.
Top 10 market structure trends for 2020
New Greenwich Associates report finds that technology will continue to drive financial market evolution in the new year.
QIIB selects IBM AI fraud prevention solution
The Qatari Islamic bank will use the tool to try to intercept fraudulent activities before they happen.
Citi and AlipayHK tap API technology for points conversion programme
The technology is being used to link the two firms' reward schemes.