Financial firms tackle fraud with AI and biometrics
By Anna Fedorova More than £500 million has been stolen from customers of UK banks in the first half of 2018, according to the latest data released by UK Finance. Though the amount lost as a result of unauthorized financial...
The Growth Stage removes the middle men from private capital raising
Simon Acton, Jennie Holloway and Simon Stewart, cofounders of The Growth Stage Large, growth companies that once would have floated on leading stock exchanges are staying private for much longer than ever before: think Uber, Airbnb, Palantir, Stripe, Lyft, Pinterest. ...
Morgan Stanley strong, Citi stutters in Q3 US investment bank results
Morgan Stanley put on the strongest showing among the big five US investment banks in the third quarter results season, with the best year-on-year change across four of nine key categories, according to Euromoney’s latest analysis. The bank reported its...
BRRD: Demand grows for better, faster liquidity in resolution
Liquidity, liquidity, liquidity. That was the recurring theme of discussions at a Single Resolution Board (SRB) meeting on bank resolvability in Brussels on October 15. Dominique Laboureix: “We need a solution with some support from those that are able to...
Asia’s green investors and issuers lag global counterparts
Green Asia – not yet in bloom A recent report by East and Partners, commissioned by HSBC, shows Asian issuers and investors as laggards in implementing environmental and social governance strategy. While globally 47.6% of issuers and 61.4% of investors...
Africa fintech: How do pirates take payments?
In 2009, the MV Maersk Alabama, a cargo ship travelling from Salalah in Oman to Mombasa in Kenya, was hijacked by Somali pirates a couple of hundred miles south east of the ancient port town of Eyl in Somalia. Four...
Asia commodity traders: What next for Noble Group – and Singapore?
Tuesday, December 11, was going to be a big day for creditors of Noble Group, and observers of the Singapore-listed commodity trading company generally: it was the revised deadline day for its proposed $3.5 billion restructuring, among the most complex ever...
ANZ says it is back in Asia
After several years of telling shareholders and analysts that it is pulling back from Asia, ANZ has now started a revised narrative: that it’s here to stay. The bank is holding a two-day finance and treasury forum in Singapore designed...
Brazil banking: Too much, too late
Here’s something interesting: Itaú Unibanco’s Strategy Council now meets much more frequently – the bank says they aren’t periodic, just whenever necessary. It’s important, too, for reasons I’ll come back to. Meanwhile, the biggest issue facing the Brazilian banks is...
India rides the risks, with elections looming
India’s risks have not entirely disappeared, given the political cycle and potential for slowing capital inflows complicating external financing. Increased market volatility stemming from global trade protectionism and rising US interest rates will be met by a concerted response from...