More than 1,000 bank branches have been shuttered in the past two years, with HSBC closing 27% of its branches and Lloyds closing 14%.
Latin American and Caribbean Exports Projected to Fall Again in 2016 – But Rate of Decline Is Slowing
The rate of export decline is slowing, with this projected 6% fall in 2016 being far less than the 15% plummet in 2015.
Among the 10 Latin American and Caribbean nations tested by the OECD, Trinidad and Tobago ranked fourth behind only Argentina, Chile, and Uruguay.
"Repealing the last $1.9 billion in Dodd-Frank from the Obama administration might be the first step for Congress in a more comprehensive overhaul of the law."
Nearly three-fourths of those looking to enter the accounting field are concerned that automation will make their jobs obsolete.
Trinidad and Tobago Plans to Make Public/Private Partnerships a Larger Part of Infrastructure Development
The benefits for companies come in a plan to “provide 50% tax relief and other appropriate fiscal incentives to businesses."
“We know our customers value their time and like to do everything through their cell phones," said Cristina de Parias, head of BBVA Spain.
No deal is worth it if the transaction leads to some cyber-thief in Russia emptying your bank account a few hours later.
"Financial institutions that deal with hundreds of thousands of clients and huge money transactions daily can greatly benefit," says Marcel Valverde of Unisys.
"As the software gets smarter it just creates more and more opportunities to add value," says Rod Drury of Xero.
"This collaboration embodies Partech Ventures’ transatlantic DNA and will enable our B2B portfolio companies around the world to access more prospects," said Partech's Philippe Collombel.
"Thanks to its Rated 3 TIA-942 Certification, TSTT has positioned itself among the top data centers worldwide."
Nearly three-fourths of CEOs believe that the next three years will be more critical for their industry than the previous 50.
"Succeeding in this new competitive landscape requires a rigorous focus on customer care," says Atul Garg of Protiviti.
The data center market is booming the world over. Trinidad and Tobago has been keeping up with the pace and made great strides in recent years.
BBVA is making AWS its "preferred" cloud infrastructure provider to help migrate its workflows to the provider's system.
NICE Trading Recording solution allows financial institutions to use the same secure means to capture calls in their back office that they use on their trading floors.
Deloitte's $20 million investment in Querétaro, Mexico, will create one of its four major regional services centers.
Accenture has bought a company that it believes can allow it to "help banks make the branch a physical manifestation of the digital experience."
With blockchain, "we may see the financial services industry becoming more streamlined and efficient," says the U.K. actuary department.
The downtime was reportedly due to Bancolombia's failure to renew a domain.
Finance Minister Colm Imbert: "Over 1,500 employees are expected to be engaged. Hundreds more will be employed in indirect activities."
Automation is increasingly critical to outsourcing, financial services, and customer service. Blending this technology with the right human talent is the key. “You can never replicate certain decision making,” says Frances Karamouzis of Gartner.
"The U.K.’s referendum on its E.U. membership is a major issue for us to deal with," says Inga Beale, chief executive of Lloyd's of London.
"We put industry clearly on notice," said Richard Cordray after CFPB's historic fine against Wells Fargo.
Compared to 2015, complaints related to bank accounts are up 26%, jumping to 2,400 complaints per month versus less than 1,900 last year.
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London
For those looking to get into a top U.K. bank, "the wearing of brown shoes with a business suit is generally, though not always, considered unacceptable," says a new study.
Tamana InTech Park opened in 2014 and now another major development is adding even more choice for companies that want to set up an office in Trinidad and Tobago.
AIG), Chubb, and XL Group led the way in term of cyber-insurance premium volume, issuing 22%, 12%, and 11% of the market, respectively.
Although only 21% of Millennials have a financial advisor, a whopping 72% say they are interested in receiving professional guidance.
"Credit demand has remained fairly strong, consistent with robust investment growth," says Michael Pearce of Capital Economics.
Amid questions of its commitment to security, SWIFT seems to be realizing that it must start protecting its reputation along with its system.
After the loss of a $300 million USD deal in an already-troubling year, Infosys has some work to do to make up for a big hole in its balance sheet.
Cargo Consolidators Agency Limited, a logistics company based in Trinidad and Tobago, is exploring a partnership with AeroLift eXpress on drone technology.
Trinidad and Tobago is the jewel of the Caribbean when it comes to telecom infrastructure and connectivity, and the nation is currently benefitting from increased competition.
A person's voice pattern is as unique as their fingerprint, so Barclays is ditching security passwords in favor of voice biometrics.
Overall, the Edinburgh-based bank spent some £1.4 billion on an IT system for W&G, which it will now try to sell off instead of developing.
A new survey reveals that, in nearly three-fourths (72%) of all enterprises, the CIO is the person leading migration to the cloud.
SWIFT added two Mumbai-headquartered banks, ICICI Bank and Axis Bank, to its global payments innovation initiative this week.
An optimal digital transformation is something best achieved with patience — cooking little by little — and down-to-earth goals.
Amid record encryption uptake among all companies, those in the financial services industry now have the highest adoption rate at 56%.
"Chinese banks dominate the list of stocks at the largest discount vs. historical valuations," according to Citi analysts.
The profit downside to PayPal is what investors are focusing on, with the company's shares down more than 9% in intraday trading.
Based upon the reactions of attendees to the TTIFC International Outsourcing Summit 2016, the world is starting to see Trinidad and Tobago's potential as a BPO destination.
Bitso, Destacame, and Quotanda recently took home $10,000 USD prizes and the chance to participate in the Sibos 2016 conference in Geneva this fall.
"Consumers increasingly prefer using digital channels to purchase insurance," says EXL CEO Rohit Kapoor.
The transfers occur instantaneously and come at no cost, with the sender only needing the recipient's email address or phone number.