Thu.Nov 28, 2024

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Staying afloat: the impact of flooding on UK firms

BankUnderground

Benjamin Crampton, Rupert-Hu Gilman and Rebecca Mari. With climate change set to increase the frequency and intensity of flooding in the UK , it is important to deepen our understanding of the potential microeconomic impacts that may propagate into the macroeconomy. We integrate firm-level corporate records, with Ordnance Survey business-premise address information and publicly available flood maps to investigate two questions.

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George Osborne collects share of £30m after record profits at City advisory firm

TheGuardian

Ex-chancellor one of three partners to share sum at Robey Warshaw, co-founded by ‘trillion-dollar man’ Simon Robey The former Tory chancellor George Osborne has collected a share of a £30m pay pot after the City advisory firm Robey Warshaw reported record profits. Osborne was one of three partners to share in the sum at the Mayfair-based boutique investment bank, which advises FTSE 100 and US clients on major corporate deals.

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Trending Sources

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The US should look to Brazil as a model for rolling out open banking

American Banker

The U.S. is well behind other countries in implementing open banking and delivering its benefits to customers. Brazil's success in that area can serve as a useful model.

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Worldpay launches near-instant refunds to meet consumer expectations

The Paypers

Worldpay has unveiled a new service enabling near-instant refunds for eligible online purchases, a significant step in aligning refund processes with consumer expectations.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Racquel Oden's unique path to the top: The Climb

American Banker

Oden, head of U.S. wealth, private banking, asset management and premier banking at HSBC , was one of the first in the industry to build an online wealth management platform.

More Trending

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Five Bank Profitability Challenges and the Strategies to Overcome Them

The Financial Brand

This article Five Bank Profitability Challenges and the Strategies to Overcome Them appeared first on The Financial Brand. Some challenges, like the erosion of overdraft revenue, will demand short-term solutions until long-term answers jell. This article Five Bank Profitability Challenges and the Strategies to Overcome Them appeared first on The Financial Brand.

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TBC Bank Uzbekistan secures USD 10 million to expand financial inclusion

The Paypers

TBC Bank Uzbekistan has secured USD 10 million from GGSF via Dutch Impact Investor Triple Jump, aiming to expand financial inclusion and diversify its funding base.

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Trump's fintech effect, VyStar tech woes: Top tech news November 2024

American Banker

Items include estimations of President-elect Donald Trump's impact on fintech funding, the fallout from VyStar Credit Union's tech moves and more.

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Kraken decides to shut down its NFT Marketplace

The Paypers

Cryptocurrency exchange Kraken has announced the closure of its non-fungible token (NFT) marketplace, a little over a year after its official launch.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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GoCardless partners with Total Grassroots and Kelme

The Paypers

GoCardless , a bank payment company, partners with Kelme and Total Grassroots to simplify payment collection for football clubs and equip teams.

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Reem Finance leverages Temenos for new digital community bank in the UAE

The Paypers

Reem Finance, a UAE-based financial services provider, has selected Temenos' solutions to launch a new digital community bank in the region.

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Spendesk introduces its payment institution

The Paypers

France-based Spendesk has announced the launch of Spendesk Financial Services, its payment institution, which is now available in the region and the EU.

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UK-based investment company introduces Payit by NatWest

The Paypers

Interactive Investor, a UK-based investment platform, has announced a collaboration with NatWest ’s Open Banking payments solution, Payit.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

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Japanese fintech startup Habitto raises USD 11.7 million in Series A funding round

The Paypers

Japanese fintech startup Habitto has raised USD 11.7 million in a Series A funding round, aimed at supporting the expansion of its digital banking platform.

Fintech 41
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Société Générale goes live on CLS's CCS service

The Paypers

Société Générale has gone live on CLS ’s cross-currency swaps service, aiming to leverage the CCS tool in order to improve liquidity and mitigate settlement risk.

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OVO partners with HSBC to improve financing options for green technology

The Paypers

UK-based financial services provider HSBC has entered into a partnership with OVO to provide customers with additional financing options to support them in dividing the cost of green technology.

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GCash launches Bank Cash-In feature for Filipinos in Europe and the UK

The Paypers

GCash , a mobile wallet and financial services platform, has introduced a new Bank Cash In feature to streamline remittances for Filipinos living in Europe and the UK.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.

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SimCorp and Deutsche Bank extend their collaboration in Asia Pacific

The Paypers

Financial institution Deutsche Bank has announced that it expanded its partnership with SimCorp , a fintech company, providing its services to clients in Asia Pacific.

Fintech 36
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Deutsche Bank invests in Partior's Series B funding round

The Paypers

Deutsche Bank has joined Partior 's Series B funding round as a strategic investor, contributing to the USD 80 million raised by the blockchain payment network.

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Geidea expands its SoftPOS services into Egypt

The Paypers

Geidea, a provider of digital payment solutions in the Middle East, has introduced its SoftPOS service in Egypt, following a rollout in Saudi Arabia and UAE.

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Quidax OTC incorporates ZAR and ETB

The Paypers

Quidax OTC now has incorporated the South African Rand and Ethiopian Birr currencies, aiming to expand its product portfolio and better serve its clients.

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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Spendesk introduces its payment institution

The Paypers

France-based Spendesk has announced the launch of Spendesk Financial Services, its payment institution, which is now available in the region and the EU.

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ADB partners with the Mastercard Impact Fund to support MSMEs

The Paypers

The Asian Development Bank (ADB) and the Mastercard Impact Fund have joined forces to promote financial inclusion for MSMEs in the Asia-Pacific region.

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CMA approves the Ziidi Money Market Fund from Safaricom

The Paypers

The Capital Markets Authority has granted approval to Safaricom PLC to establish the Ziidi Money Market Fund as a Collective Investment Scheme (CIS).

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Deutsche Bank partners with Paysafe to support cash in Germany

The Paypers

Deutsche Bank has partnered with Paysafe to introduce a system enabling cash withdrawals and deposits at 12,500 locations across Germany.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.