Global Banking

Do you have five milliseconds? Innovation has been fast and furious in the foreign-exchange market in the past year. 

The story of online trading platforms really starts May 1, 1975, when the Securities and Exchange Commission broke the Wall Street cartel and eliminated the practice of fixed brokerage commissions.

Processes that have changed relatively little over hundreds of years in trade finance are being catapulted into the 21st century, due to significant advances in data analytics, digitization and shared ledger technology. Once a forgotten backwater of transaction banking, trade ...

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 ...

Global Finance: What is Bidaya's business strategy? Mohamed Badat: Our business strategy involves leveraging innovation and digital infrastructure to directly reach customers in a secure, swift and seamless manner. Home finance and real estate has long been perceived as a ...

Chosen by readers and experts the #1 financial innovation of the last 30 years: online banking. 

Left to right: Robert Merton, Myron Scholes and Fisher Black Markets are known to be risky, but what if you could design insurance that would protect against losses? 

Reknowned economist James K. Galbraith, one of our expert panelists, pulls no punches in talking about the damage wrought by financial innovation

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.

Global Finance: What are the unique features of the Al Nuwair Deposit Account? And what about the Eservice Gold Account? Fahad Khaled Al-Mukhaizeem: Al-Nuwair deposit is an innovative investment deposit that promises clients with expected profit rates based on the ...

Islamic financial institutions continue to forge ahead in financial product innovation and process development, meeting conventional banks head-on in competition.

Vinod Madhavan, Head, Transactional Products & Services for Standard Bank Africa at SIBOS 2016 Geneva talks with Global Finance Editor Andrea Fiano.

Read how these winning financial institutions earned designation as one of the World's Best Banks for 2016. 

Global Finance unveils its annual lists of the best banks in the world, globally, regionally and by country. The winners outperformed their peers and provide top-notch service to clients in a challenging environment. 

Jennifer Tory, group head, personal and commercial banking at RBC, discusses the bank’s ongoing quest to blend its digital and physical channels for clients.

Global banks have been reducing correspondent banking clients, either because they are commercially unviable or they fail today’s higher financial crime prevention standards. Efforts are now being made to rectify the situation.

The so-called Panama Papers, more than 11 million leaked documents from a Panamanian law firm, are shining a spotlight on the scope and financial impact of the offshoring financial industry and global efforts to move assets to tax havens or less-regulated jurisdictions.

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.

Uncertainty over the future has grown, while growth forecasts have been cut.