The Payment Services Directive 2 (PSD2) creates a new vital context for commercial banks. It is requiring banks to open access to their systems and clients’ accounts.
Peer-to-peer (P2P) lending is a fast-developing market. Its growth during the period 2016-20 is estimated in a report from Research and Markets titled “Global Peer-to-peer Lending Market 2016-2020″to be an annual rate of 53.06 percent.
In India, strong economic growth should continue at 7.3 percent in 2017 and 7.7 percent in 2018, helped by the implementation of key structural reforms and strong public-sector wage growth.
The payments market is transforming itself at a high rate of speed. The digital revolution has entered this market in such a way that the European Central Bank (ECB) itself is worried about adapting the European payments infrastructure and wants to help banks.
The remuneration of staff in general, and of persons directly offering or providing products or services to consumers in particular, is an important means by which financial institutions attract, motivate and retain employees with the skills needed for the institution’s success.
Payday lenders are increasingly attracting negative publicity for their high interest rates and the fact that if a person borrows once from this source, there is a strong likelihood of that individual falling into a “debt trap”.
Taking on financial risks to earn a return is the business model around which banks earn a large portion of their profits. But nonfinancial risks (NFRs) present a different sort of challenge altogether.
Brent crude prices have seen a consistent decline from well over $100 per barrel in 2014 to less than $30 from the beginning of 2016. Based on oil prices that had been rising for more than a decade prior to 2015,
Over the last few years, massive investments have been made globally in the fintech (financial technology) sector. In 2010, $1.8 billion was pumped into fintechs; with each year seeing an exponential jump in the amount invested,
A new accounting standard that comes into effect from 2020 will reduce profits at American banks as it will require them to book credit losses at the time of the origination of a loan.