6+ day, 4+ hour ago   (104+ words) Weighing digital and physical channels has long been the question for many banks, as traditional lenders and neobanks alike rethink their touchpoints on and off app. “Sometimes you may see the channels as conflicting, but... it’s more an amplifier than…...

1+ week, 5+ day ago   (149+ words) British financial services firms are said to be bracing for “unintended consequences” of the Financial Conduct Authority’s new rules designed to curb bullying, harassment and violence in an industry beleaguered by scandals and a reputation for sexism. The FCA’s new…...

1+ week, 5+ day ago   (111+ words) Bank of England governor Andrew Bailey has warned that a sharp fall in AI company valuations could trigger a global economic downturn by exposing vulnerabilities across financial markets. In a letter to G20 finance ministers on Monday, Bailey said markets remained…...

1+ week, 5+ day ago   (868+ words) Banks are beginning to adapt their credit risk models to account for the impact AI could have on borrowers’ jobs, but experts warn that poor data and slow-moving modelling processes could leave lenders exposed. “We have worked with a number…...

3+ week, 2+ day ago   (115+ words) Monte dei Paschi di Siena has launched takeover bids for Banca Generali and Banco BPM as it seeks to fend off Intesa Sanpaolo’s €36bn hostile approach and create Italy’s third-largest banking group. MPS on Friday offered almost €8.7bn for Banca Generali in…...

3+ week, 4+ day ago   (115+ words) thebanker.com Ecobank’s Rachael Antwi believes banks have the power to change customer behaviour through their lending. “It’s the one tool that allows us to correct behaviour. Every bank has it. It is a matter of enforcement.” As group head…...