In the final installment of a two-part series, Global Finance recognizes the best corporate/institutional and consumer Internet banks globally and in six regions, as well as an overall winner. We spotlight the financial institutions around the world that are leading the way in digital banking services that generate strong business results.
How has Internet banking evolved in the last year or so?
To most people the idea of infrastructure investment denotes visions of water systems, highways and bridges, and basic general services usually relegated to municipal authorities. Recently, however, at the Canadian Council for Public Private Partnerships Conference in Toronto, a new model for infrastructure was discussed – that of the “intelligent city.”
Milestones | India
In partnership with more than 50 state-run, cooperative and private banks, India’s National Democratic Alliance government has launched the world’s largest financial inclusion project to bring 75 million households into the banking fold by the end of January 2015.
Newsmakers | United States
HP CEO Meg Whitman’s volte-face announcement to split the company in two has drawn a lot of speculation about, and criticism of, the motives behind the decision.
Global Finance’s annual list of Who’s Who in Foreign Exchange.
NEWSMAKERS | UNITED STATES
The technology community has warmly welcomed the appointment of Megan Smith as the next chief technology officer of the US.
MILESTONES | UNITED KINGDOM
Technology derived from medical scanning is being used by a UK bank in the fight against cybercrime and identity fraud.
In this first installment of a two-part series, Global Finance identifies the top online corporate and consumer banks by country and then by region, according to product or service category.
SIBOS SUPERSECTION 2014 | THE INNOVATORS
Global Finance presents its second annual look at some of the key innovations over the past year within the transaction services space. We make use of the OECD’s Oslo Manual of Innovation, along with submissions, key research and the input of experts, to evaluate those banks and service providers that stand out in terms of innovation over the past year.
GCC REGIONAL SUPERSECTION 2014 | INNOVATION
Attempts to drive innovation in the Gulf are still at an early stage. But as countries increase R&D spending, the results could have a huge impact on non-oil growth.
SIBOS SUPERSECTION 2014 | INTRODUCTION
The Sibos financial services conference—sponsored each year by the Society for Worldwide Interbank Financial Telecommunication (SWIFT)—will be held in Boston this year in September and, according to organizers, is likely to have a record turnout of attendees and media.
GCC REGIONAL SUPERSECTION 2014 | BANKING SECTOR
Banks in the GCC are leveraging the latest technologies to keep pace with a customer base whose members are increasingly demanding, wealthy and tech-savvy.
SIBOS SUPERSECTION 2014 | THE INNOVATORS
Treasury solutions still don’t provide much business intelligence as they lack good integration with ERP systems. But banks and vendors are starting to close the gap.
SIBOS SUPERSECTION 2014 | SUPPLY CHAIN FINANCE
New SCF solutions are offering a range of tools to help suppliers manage working capital and diversify funding sources.
COVER STORY: CRYPTOCURRENCIES
Still in their infancy, cryptocurrencies could change the way that companies manage payments for the goods and services that are the essence of global trade. As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting—or not adopting—digital currencies.
TECHNOLOGY | CORPORATE CONNECTIVITY
Corporates and their banking partners still often speak different digital languages, but new initiatives by SWIFT and SAP should make connectivity easier. And increasing competition will be a good thing for corporates, sparking innovation and driving down costs.
NBCUniversal is the latest in a long line of companies looking to take advantage of business process outsourcing for some of its finance functions.