The number of defaults in 2020 is on pace to exceed that of 2019 with indications there will be more to follow, given 6 group-level defaults YTD compared with 6 in all of 2019, and the high number of ratings at ‘CCC’ or below categories.
Latin American & Caribbean banking, financial services, investment & insurance news
Over the past five weeks, Fitch Ratings has conducted ...
Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.
Arthur J. Gallagher & Co. (NYSE: AJG) has acquired ...
The 7th edition of the Seedstars Summit event, Seedstars 2020 will occur in Lausanne, Switzerland from March 30 to April 3rd, 2020.
Growth in public debt burdens and fiscal deficits in ...
SUBMITTED OPINION–Today’s payroll report printed a bit weaker than ...
Banking is in dire need of transformation. Some banks ...
FG Bancorp (NYSE: OFG) and Scotiabank (NYSE: BNS) have ...
Hosted by GFC Media Group, Project Finance & Capital ...
Yesterday, Amazon Web Services, Inc. (AWS) (NASDAQ: AMZN), announced that Standard Bank ...
“An uncoordinated proliferation of global data frameworks may prove counterproductive in the long run," says Matthew Blake of the WEF.
OAS Partners with Stakeholders in Colombia, Chile to Strengthen Financial Sector Cybersecurity in Latin America
The Organization of American States (OAS) partnered with both Asobancaria in Colombia and the government of Chile to strengthen cybersecurity.
"Business as a force for good, an alternative to the traditional way of doing business, has increasingly been gaining ground worldwide," said Paul Allard, CEO of Impak Finance.
In this year’s Harris Poll study, more than 77,000 Americans were polled in an extensive survey to determine the highest-rated brands in the United States.
iZettle is targeted at small businesses and holds card payment processing market share in Europe and Latin America.
ION Investment Group has signed an agreement to acquire trading and risk management solutions company Openlink Financial LLC from Hellman & Friedman.
Colombian authorities believe that Nieto is linked to a large drug-trafficking network that has been operating for more than a decade.
Stephen Bagnarol took over as the managing director of Scotiabank Trinidad and Tobago Limited last week.
Companies are seeing that RPA saves time and money while reducing errors and creating opportunities. "We see this more as a highway for growth," says Juan Felipe Giraldo of Bancolombia.
The Jersey City-based company said in a statement that it expects the transaction to be finalized in the third quarter this year.
Banco Falabella says its new artificial intelligence technology will drastically cut customer service times through Facebook chat.
“B2B payments innovation has been fueled by businesses always looking to simplify complexities," said Vicky Bindra of Visa.
"How much technology can we do that replaces people?" said Tom Montag, COO of Bank of America, at a conference this week.
SWIFT's chairman calls the service "a direct response to our community’s request for additional services to complement and strengthen existing fraud controls."
Bank of American was honored by Treasury Management International for its "commitment to innovations that are driving a change in client behavior and opportunity."
"How customer insight is used can make a big difference to the customer experience — and ultimately to the profitability of the organization," states the report.
The bank chose this platform to improve its customer service, manage vendors, and implement other complementary solutions.
"Citi bumped the APRs on its card offers by 0.25%, causing the national average APR to rise to an all-time high."
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%.
"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.
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.
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.
BBVA is making AWS its "preferred" cloud infrastructure provider to help migrate its workflows to the provider's system.
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."
Consumer's vision is what allows a company to understand the deepest needs of the public.
The downtime was reportedly due to Bancolombia's failure to renew a domain.
"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.
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.
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.