Ford has been lagging behind competitors in emerging technologies for automobiles, including the race for driverless cars, but its appointment of Jim Hackett as CEO last May marked a change in strategy.
At our annual event in London, executives from banks, fintechs and companies focused on the opportunities, as well as risks, in the era of Big Data.
Global Finance honored global and regional winners of its digital bank awards at a ceremony in London following its Digital Banking Conference.
Paul Cobban, chief data and transformation officer at DBS, shares ways banks can unlock and monetize customer data journeys.
The automaker's electric-car strategy includes plug-in hybrid and conventional hybrid technologies, as well as all-electric options.
Puerto Rico’s governor, Ricardo Rosselló, is in talks with Tesla about the possibility of using renewable microgrids to revamp the island's electric infrastructure.
The firm says the new headquarter would be as big as the existing offices in Seattle and will come with $5 billion in investment promising jobs for 50,000 employees.
For banks that have invested in Big Data capabilities but are struggling to generate value from them, metadata can unlock meaningful insights.
Off-site storage in the Cloud boosts treasury-management solutions, offering affordability, flexibility and scalability.
Smaller banks must rely on agility to be competitive against their larger, but slower-moving, rivals when it comes to implementing digital measures and rolling out new products
By recognizing entrepreneurial talent and encouraging employees to step forward with ideas, banks get a chance to boost innovation from within
The second phase of European Union’s 2007 Markets in Financial Instruments Directive (MiFID) II comes into effect starting January 2018. It will not only extend the scope of financial instruments under coverage but also require extensive record keeping setting firms across the EU for a big compliance challenge.
Newly appointed AkzoNobel CEO Thierry Vanlancker takes over the Dutch paint company at a time when it faces an ongoing battle with its biggest shareholder, Elliott Management, and several hostile takeover attempts from US rival PPG Industries.
As more companies outsource information management to the Cloud or colocation services, focus on data protection increases.
Forming partnerships can be a good way for banks to quickly add new features, as long as they don’t get distracted from their long-term vision.
The Swedish payments platform's huge customer base gives it an advantage as it expands into banking and other product lines.
Delaware has proposed amendments to new legislation that would enable corporations to use distributed ledgers for record-keeping and to keep track of stock transactions, the state’s latest effort to be a first mover when it comes to blockchain technology.
Damian Glendinning, Lenovo’s treasurer, explains why the world’s biggest PC maker opted for a dual-tranche financing transaction using a perpetual security.
For the 200,000-plus victims of the WannaCry ransomware attack, a short period of blame was replaced by awareness of the reality that complacency creates vulnerability.
Starbucks generates 27% of its US sales via mobile payments, as consumers opt for contactless coffee. While there were efforts to provide banking through cell phones in the late 90s, the transition, around 2007, from cellphones to smartphones—with their expanded ...
First developed in 2008 by Satoshi Nakamoto—whose identity remains a mystery—as a public ledger for all bitcoin transactions, blockchain is now outshining the cryptocurrency it underpins as it offers banks and others the benefits of a distributed ledger, i.e., an ...
Each advance in technology opens doors for new approaches and ideas. This year’s innovators in finance show the range of problems being tackled.
It’s been another crazy year, with Brexit, the election of Donald Trump as US president, tensions building up with Russia, continued strife and displacement in Syria and rising tensions in Asia, all of which are affecting global markets.
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.
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.
South Africa’s new minister of Finance, Malusi Gigaba, whose appointment brought on ratings agency downgrades, faces low confidence and slow growth.
The Asia-Pacific region surged past North America for funding of fintech enterprises in 2016, due to blockbuster China deals.
Corporate and banking entities are seeking faster, more secure payment systems, and experiments in the payments space are coming to fruition.
Japanese banks piloted domestic and cross-border payments successfully through the Cloud with Ripple.
By adding voice commands to its SmartBank app, Santander claims to be the first bank in the UK to allow customers to make payments in real time using their voice.
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).
James Rausch, head of Canadian client coverage and global head of transaction banking for banks, brokers and exchanges with RBC Investor & Treasury Services, speaks with Global Finance on bespoke customer service, innovation and trade flows.
Ad van der Poel, senior vice president, financing services at Basware, winner of Global Finance's 2017 award for Best Web-Based Supply-Chain Financing Solution, explains how data aids collaboration, transparency and financial agility.
Robert O’Donoghue, ING’s global head of working capital solutions, explains the importance of a full view of the supply chain and reasons for growth.
A Q&A with Henry Oroh, CEO of Zenith Bank, which won Global Finance's 2017 award for Best Trade Finance Provider in Ghana, about prospects for increased trade and greater uptake of documentary finance instruments in the coming year.
Much has been said about the brave new world of transaction banking—robots and blockchains replacing humans and inefficient paper. Incorporating artificial intelligence and Big Data enable smarter, more strategic, enterprise-wide efforts.
Not likely. American towns and cities have lost millions of manufacturing jobs, yet manufacturing output has actually risen 85% since 1987.
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.
Jacques Molgo, group financing & treasury director, and Laurent Chesnay, head of group front office, Air Liquide, a French multinational, explain the appeal of deal-contingent forwards (DCF)—a type of foreign exchange contract.
Naspers Group Head of treasury Jaco van der Merwe talks with Global Finance about managing complex foreign exchange transactions.
Private-sector entities are getting involved in providing aid, education and even jobs to refugees in order to mitigate the crisis.
Tim Sloan, new CEO of Wells Fargo, will likely close branches and seek growth online, but even that may not be enough to help the San Francisco-based bank change direction in the wake of its cross-selling scandal.
Financial settlement start-up Ripple has enjoyed a cordial, but at times uneasy relationship with the financial messaging network SWIFT. On the one hand it has sought to collaborate with SWIFT to try and improve the cross-border payments experience for corporate ...
Singapore chosen as a top fintech hub in Connecting Global FinTech: Hub Review 2016 by Deloitte and All Street Research.
Big profits from managing short lead times helped Amancio Ortega—Spanish business magnate, founder and chairman of the Inditex fashion group—recently pass Bill Gates’s fortune for the second time.
Will bringing in an outsider revive the brand with fresh insight or cause it to stumble on the turns?
Although Liam Fox made headlines for saying British businessmen are too lazy to boost exports, less extensively reported remarks by the UK’s international trade secretary hint at a significant change in policy.