
Decentralized Social Media Finds A Foothold
Companies may face too many options for brand messaging.
Mohamed Aly, the CEO of ADIB-Egypt, explains how the bank has worked to mitigate the impact of COVID-19 on its operations.
Ping An Bank’s ambitious and innovative strategy to transform its retail business made the bank a digital banking leader in only four years and created a “finance+” ecosystem that redefined retail banking.
According to a recent McKinsey research report, more than 60 percent of the population of sub-Saharan Africa are smallholder farmers, about 23 percent of sub-Saharan Africa’s GDP comes from agriculture and that Africa could produce two to three times more cereals and grains, which would add 20 percent more cereals and grains to the current worldwide 2.6 billion tons of output. Similar increases could be seen in the production of horticulture crops and livestock.
The creation, development and implementation of central bank digital currencies (CBDCs) is beginning to look inevitable.
Digitization is critical to the future of finance and treasury. To realize its full potential, companies should develop a framework and execution plan that incorporates a holistic approach. A good example of a company taking such an approach is Shell, writes Swati Mitra, Global Practice Lead, Digital Client Advisory, Treasury and Trade Solutions, Citi.
Digital and financial innovations are driving increased customer demand and engagement for Commercial Bank of Qatar (CBQ). Amit Sah, Head of Retail Banking, highlights major milestones in the bank’s digital strategy and reveals bold ambitions to transform the industry.
Established financial services institutions that fail to disrupt themselves in the digital era are at risk of falling behind as fintech operators leverage new technologies in an effort to service clients better and faster.
With liquidity in scarce supply, and supply chains suffering unparalleled disruption, UniCredit’s Adeline de Metz, Global Head of Working Capital Solutions and Raphael Barisaac, Global Head of Cash Management, suggest two steps treasurers can take to help navigate the current economic climate.
Africa’s fast-growing economies, FinTech innovation, and stable trade agreements offer abundant opportunities for CIB Egypt. Hisham Ezz Al-Arab, CIB Egypt’s Chairman & Managing Director, discusses the bank’s strategic expansion into Eastern Africa and strong position as financial partner to customers across the continent.
Digitization didn’t just help banks transform; it pushed them to reimagine the business. With transactions migrating en masse to digital channels in the Covid pandemic, banks should not only speed up their transformation programs but also revisit the scope of their role in customers’ lives. Establishing digital-only proposition would set them up nicely for the digital age, at scale.
From devaluation to revenue recognition, FX volatility creates significant challenges for companies operating in Latin America. With the right technology, companies can mitigate these risks and achieve greater control over their pricing strategies, says Rafael Bufacchi, Director of Finance at PrimeiroPay.
Needed, a global standard in banking.
Digitizing more than 80% of its retail banking services proved a timely strategic move for Sberbank, Russia's largest bank. During the pandemic, customers could access most banking services while socially distancing and the bank launched new services quickly that helped customers facing financial hardship and uncertainty.
While retail banking has been in the spotlight of the Covid-19 impact on banks, corporate banking has also been significantly, if not more, affected by the pandemic.
Companies worldwide face an environment of change. Global supply chains are being reconfigured in response to a surge in protectionism and trade interventions.
E.SUN FHC is unique in the banking industry. With no affiliation with family nor government agency, E.SUN is a banker’s bank - a bank that is owned by employees, and managed for customers. All employees can sing the corporate anthem by heart, and almost every employee owns shares of the company. These practices might seem unconventional, but they represent the spirits of a sustainable succession system that makes E.SUN built to last.
Credit risk is defined as the probability that a bank borrower or counterparty will fail to meet their obligations in accordance with agreed terms. The goal of credit risk management is to maximize a bank's risk-adjusted rate of return by ...
‘Stay at home. Stay safe’.
These are perhaps the words that will characterise 2020, a year dominated by the global Covid-19 pandemic. Businesses are dealing with major disruption to their supply chains, and domestic and cross-border trade remains severely impacted by extraordinary skews in demands and government-imposed ‘stay home’ regulations in countries around the world.
Andrzej Gliński, Member of the Management Board of Bank Millennium in Poland, explains how electronic guarantees are increasingly used in trade finance to simplify the circulation of documents, reduce processing times, provide greater transparency, and cut transaction costs.
Wealth Management in India is now completing nearly two decades in its current avatar. What started as distribution of mutual funds and insurance by Indian private sector banks, is now one of the largest sub-sectors in Indian financial services, catering ...