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.
SPONSORED CONTENT In 2015, GDP grew for the second consecutive year after three years of recession According to data released by INE, the Portuguese Gross Domestic Product registered year-on-year (yoy) growth of 1.3% in the fourth quarter of 2015. The ...
Deutsche Bank’s Isabel Schmidt discusses FinTech and the banks digital strategy to delivering cutting edge digital payment services to clients and the challenges and opportunities presented by blockchain technology. She continues with the effect of standardized and streamlined digital payments on fees and Deutsche Bank's efforts to deliver advanced connectivity systems.
Small businesses today no longer need to convince a bank to get a loan. They can very well convince an algorithm that will assess their credibility based on a diverse parameters rather than a conventional credit check.