International Banker - Authoritative Analysis on International …
WEBSeptember 12, 2024. Many UK financial firms have incorporated artificial intelligence into their operations, but technology hasn’t finished with them yet. Quantum computing …. September 11, 2024. Artificial intelligence is gaining rapid acceptance in industries worldwide because of its productivity enhancements, and banking is no exception.
The WorldCom Scandal (2002) - International Banker
WEBSep 29, 2021 · The WorldCom Scandal (2002) September 29, 2021. Coming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.
The Enron Scandal (2001) - International Banker
WEBSep 29, 2021 · The Enron Scandal (2001) Both of these buildings in downtown Houston, 1400 Smith Street and 1500 Louisiana Street, were formerly occupied by Enron. August 2021 marked the 20 th anniversary of arguably the most notorious corporate-accounting scandal of all time. It may not have been the biggest in dollar terms, or even the most severe in terms ...
The Savings and Loan Crisis (1989) - International Banker
WEBSep 29, 2021 · The US savings and loan industry thrived over the 150 years following its inception in the 1830s, using depositors’ savings to fund homebuyers’ mortgages at lower costs than banks. The model unravelled in the ‘70s and ‘80s as high inflation and interest rates chipped away at S&Ls’ profitability, until some became bankrupt—even criminal.
BDO Unibank: Proving that Digitalisation Is the Best Path to …
WEBAug 31, 2020 · BDO Unibank has been the bank of choice for Filipinos for decades, rewarded for its dedication to satisfying customers’ needs with high rankings. The Philippines’ Enhanced Community Quarantine has tested BDO’s dedication to its stated values, but it has proven faithful to its CORE commitments to clients. Even in stressful times, BDO is on track to fulfil its vision of serving as many ...
How Technology Is Disrupting the Global Remittance Industry
WEBJan 4, 2022 · According to an industry research report by Facts & Factors (FnF) published in April, the global digital remittance market is estimated to grow from $14.5 billion in 2019 to $35.8 billion by 2026 at a compound annual growth rate (CAGR) of 13.8 percent during the period. “Digital remittance, or the electronic transfer of funds from foreign ...
The Subprime Mortgage Crisis (2007-08) - International Banker
WEBSep 29, 2021 · The model looks sound on the surface: offer mortgages to borrowers with poorer credit ratings at higher rates. But as the US subprime mortgage crisis of 2007-08 proved, the risks associated with this strategy may override the benefits. This mortgage crisis sparked a chain of events that shook the world and ended in a global meltdown.
Interview with Mr. Henry F. Saamoi, CEO of International Bank …
WEBJuly 10, 2018. Ms. Juliet Morris of International Banker interviews Mr. Henry F. Saamoi, CEO of International Bank (Liberia) on the banks role in the growth of Liberia, the digital solutions being implemented to improve customer service and his long career in banking. —–. Today International Banker is joined by Mr. Henry Saamoi, CEO of ...
Addressing the Problems of Legacy Banking Systems
WEBOct 26, 2020 · Addressing the Problems of Legacy Banking Systems. October 26, 2020. Inspired by a wave of disruptive digital innovation, the last decade has witnessed perhaps the most rapid evolutionary change ever within the global banking system. Thanks mostly to a combination of greatly heightened expectations from banking customers and the …
How Stock Exchanges Are Utilising Blockchain Technology
WEBDec 18, 2017 · As recently observed by leading US stock exchange Nasdaq, “The potential to enable stock exchanges to significantly reduce the cost, complexity, and increase the speed of trading and settlement processes in a secure manner, has the biggest names in the industry exploring blockchain technology. The …