Alipay is partnering with banks around the world to provide its Chinese customers with seamless service at their preferred tourist destinations, with Italy’s UniCredit Bank following France’s BNP Paribas and Barclays in the UK.
Facing increasing competition from Amazon and Alibaba, India’s Flipkart ecommerce platform has turned to Microsoft, Tencent and eBay for financial, technical and market support.
Japanese banks piloted domestic and cross-border payments successfully through the Cloud with Ripple.
Just months after receiving its banking license, Berlin-headquartered mobile-only bank N26 is active in 17 eurozone countries. The rapid rollout was made possible by N26 linking up with innovative partners, including TransferWise (intercurrency transfers), Vaamo (N26 Invest) and Barzahlen (Cash26).
ExonMobil’s CEO Rex Tillerson went overnight from dark-horse candidate to president-elect Donald Trump’s nominee for secretary of State. If confirmed, Tillerson might prove to have the toughest position in the new cabinet as he wrestles with strife around the world and a new relationship with Russia.
Naspers Group Head of treasury Jaco van der Merwe talks with Global Finance about managing complex foreign exchange transactions.
Singapore chosen as a top fintech hub in Connecting Global FinTech: Hub Review 2016 by Deloitte and All Street Research.
After 17 years of construction, the Gotthard Base Tunnel, connecting Northern and Southern Europe through the Alps, opened to great fanfare on June 1, and shone a light on years of lax investment in infrastructure by European nations generally.
Capital Markets | Regulation
“Nothing will make us deviate or change our course. We are not exiting our operations in any of our African markets,” declared Maria Ramos, CEO of Barclays Africa.
Nordea Markets Investment Banking is an integrated part of wholesale banking in the Nordea Group. A move from different legacy systems to one single platform is part of Nordea’s simplification program. Svante Andreen, Nordea co-head of markets investment banking, expects the move to foster agility, enabling Nordea to become a truly digital bank.
Capital Markets | Privatization
Russian president Vladimir Putin is pinning his hopes on privatization to help ease Russia’s 2016 budget deficit, which, according to some estimates, could reach $38 billion, or 6% of GDP.