The strong growth in digital payment transactions highlighted in the recently released World Payments Report 2016 from management consultant Capgemini and banking group BNP Paribas is good news, but it’s more than that. This growth, particularly in the emerging markets, ...
Use cases for blockchain technology are rapidly being developed and tested throughout the financial services industry—and beyond—from the Australian Securities Exchange to payments infrastructure providers. But perhaps one of the most compelling areas where blockchain could truly redefine financial services ...
At its annual Sibos customer conference in Geneva next week, the Brussels-based financial messaging network, SWIFT, will seek to reassure its 11,000-strong member banks and securities organizations that it is doing everything within its power to minimize the threat of ...
Many think of it as the Olympics of banking technology or transaction banking, but while Sibos is a huge gathering of major competitors from all over the world, there are no games. Launched in 1973 with a few hundred attendees ...
Private bankers looking to grow in Asia are investing heavily in innovation to stave off disruption, at the same time firms are also turning to technology to tackle more fundamental issues in the industry.
The wealthy in Asia are ramping up their exposure to infrastructure investments, in a move that illustrates how disappointing returns from traditional asset classes are pushing yield-desperate investors into some of the most illiquid strategies.
While Asia recently pulled ahead of the West as home to wealthy individuals, some private banks are pulling out, leaving the field to nimble local rivals and committed global Goliaths.
Clubs offer the ultrarich safe spaces to talk money with financial equals.
Andrea Danese’s new firm meets wealthy investors’ desires to borrow against their artworks.
Facing reputational risk and poor prospects, private banking operations are bailing on Russia and encouraging its wealthy to park their assets offshore.
For the first time, Asia’s super-rich have surpassed their North American counterparts in both population and wealth. China and Japan, in particular, stood out as wealth powerhouses despite a volatile year for Asian equity markets. Asia Pacific’s 5.1 million high-net-worth ...
Even though the vote was a long time coming, few really prepared for the UK choosing Brexit. Now, business executives and political players are guesstimating the most likely scenarios and speculating how it will play out.
U.S Trust’s 2016 Wealth and Worth survey of high net worth Americans (those with $3 million or more in assets) revealed a decidedly traditional bent among the country’s wealthiest individuals.
British voters took a major leap into the unknown by voting to leave the European Union by the narrowest of margins. What does it mean for the economy of Britain, of Europe, of the world?
The banking industry’s leading lights have largely adjusted their business plans to a world of tighter regulations, higher capital requirements and less leverage. Now, they are taking on new competitors by embracing the very information technology that has disrupted their business.
Profiling the Best Bank honorees of 2016
Phil Di Iorio, CEO, J.P. Morgan Private Bank discusses how new digital tools are changing the industry—and driving interactions with clients.
BNY Mellon Wealth Management, based in New York, oversees more than $191 billion in client assets and chief investment officer Leo Grohowski discusses the best options for managing market volatility.