International Banker - Authoritative Analysis on International …
WEBSeptember 12, 2024. Many UK financial firms have incorporated artificial intelligence into their operations, but technology hasn’t finished with them yet. Quantum computing …. September 11, 2024. Artificial intelligence is gaining rapid acceptance in industries worldwide because of its productivity enhancements, and banking is no exception.
The WorldCom Scandal (2002) - International Banker
WEBSep 29, 2021 · The WorldCom Scandal (2002) September 29, 2021. Coming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.
The Enron Scandal (2001) - International Banker
WEBSep 29, 2021 · The Enron Scandal (2001) Both of these buildings in downtown Houston, 1400 Smith Street and 1500 Louisiana Street, were formerly occupied by Enron. August 2021 marked the 20 th anniversary of arguably the most notorious corporate-accounting scandal of all time. It may not have been the biggest in dollar terms, or even the most severe in terms ...
Liquidity Management: A New Challenge for Banks - International …
WEBJan 10, 2023 · 3.3K. By Phillip Straley, President, FNA . S tories of liquidity pressures have dominated the headlines recently as banks and other financial institutions feel the strain of current market challenges. Even market favourites, such as fast growing fintechs, are feeling the pain of the liquidity shortage. For years, the benefits of abundant and cheap liquidity have meant a benign funding ...
News Archives - International Banker
WEBSheinbaum’s Election Victory Is a Ringing Endorsement of AMLO’s Fourth Transformation Economic Strategy. Mexico’s Claudia Sheinbaum recently made history as North America’s first female president-elect. She is slated to continue the publicly popular …. Continue Reading. August 20, 2024.
UnionBank’s Digital Revolution: On Course and Full Steam Ahead
WEBDec 20, 2018 · Three years ago, Union Bank of the Philippines reached the unprecedented decision to transform itself to be “digital to the core”. Most every bank is introducing digital innovations, but UnionBank’s all-out approach to digital transformation is setting an example that other banks will choose to follow. Throughout its onward march of progress, UnionBank has remained committed to its ...
Instituting a Funds Transfer Pricing (FTP)-driven Decision …
WEBOct 21, 2014 · Let’s examine FTP with this example of a 2-year loan financed by a 3-month deposit. Let’s say the Deposit division acquires USD 1 million as funds from the customer at the cost of 4%. The funds are then passed on to Treasury at 6% (FTP rate) and earns a deposit spread of 2% in the process. Treasury then passes the funds on to the Loan ...
Artificial Intelligence: The New Power in Digital Banking
WEBOct 26, 2021 · 8.8K. By Franck Coisnon, Group Industry Director, Atos. A s the sophistication of artificial intelligence and intelligent algorithm technologies has increased, they now have the potential to revolutionize traditional banking models and deliver a shift to digital banking which is faster, more agile, and more customer centric.. AI has the potential to transform all aspects of banking – from ...
The Dollar Still Dominates, but De-dollarization Is Unstoppable
WEBJan 2, 2024 · The United States enjoys a special advantage because of the preeminent status of its dollar as the world’s leading reserve currency and medium of exchange. Other countries are increasingly moving toward knocking the dollar off its throne through de-dollarization. The trend is unstoppable, but it’s unlikely the dollar will lose much of its authority any time soon.
The Top Challenges in Anti-Money Laundering and Sanctions …
WEBAug 31, 2021 · 43.7K. By Sven Stumbauer, Senior Advisor, Norton Rose Fulbright LLP. T he stakes are high for financial institutions—regulatory authorities across the world are conducting a wave of investigations into suspected non-compliance with anti-money laundering (AML) regulations and imposing sanctions requirements that, in many cases, have resulted in substantial fines, jeopardized licenses and ...