Banking Wholesale

Tuesday, 28 September 2021

Latest News for: Banking wholesale

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Central bank digital currencies can slash cross border payment time - BIS

Reuters 28 Sep 2021

"Enabling faster and cheaper cross-border wholesale payments, including to jurisdictions that don't benefit from a vibrant correspondent banking system, would be positive for trade and economic development," said Benedicte Nolens, head of the BIS Innovation Hub, Hong Kong Centre.

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Central Bank Digital Currencies Can Slash Cross Border Payment time – BIS

FX Empire 28 Sep 2021

“Enabling faster and cheaper cross-border wholesale payments, including to jurisdictions that don’t benefit from a vibrant correspondent banking system, would be positive for trade and economic development,” said Benedicte Nolens, head of the BIS Innovation Hub, Hong Kong Centre.

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Cenlar Appoints Sara Avery to Chief Risk Officer

The Marshall News Messenger 28 Sep 2021

Cenlar FSB, the nation’s leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Sara Avery has joined the company as Chief Risk Officer (CRO) ... Cenlar FSB is a federally chartered, employee-owned wholesale bank, servicing loans in 50 states ... FINANCE SECURITY BANKING PROFESSIONAL SERVICES TECHNOLOGY.

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TCS picked for German bank NORD/LB’s IT makeover

Business Line 28 Sep 2021

Tata Consultancy Services on Tuesday announced it has been selected by German commercial bank NORD/LB as a strategic partner for its IT transformation ... As part of the five-year partnership, TCS will work with the bank to simplify and transform its application estate across businesses — financial markets, wholesale and retail banking.

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TCS bags five-year contract from German bank NORD/LB

Live Mint 28 Sep 2021

Premium Premium HC refuses bail to Yes Bank founder Rana Kapoor's wife, .... “As part of the partnership, TCS will work with the bank to simplify and transform its application estate across multiple businesses – financial markets, wholesale and retail banking, through application consolidation and automation," TCS said in a statement.

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NORD/LB selects TCS as strategic partner for its IT Transformation

IIFL 28 Sep 2021

As part of the five-year partnership, TCS will work with the bank to simplify and transform its application estate across multiple businesses financial markets, wholesale and retail banking, through application consolidation and automation ... .

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Bail reduced in identity theft-related case

Hawaii Tribune-Herald 28 Sep 2021

Documents state a search of the vehicle turned up documents with the confidential personal information of others, including a First Hawaiian Bank signed personal check for $20, a Bank of Hawaii Visa debit card, a United Wholesale Mortgage loan document, a Hawaiian Electric Co.

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How digital cash can lift gross national happiness in Bhutan

Live Mint 28 Sep 2021

The goal of 85% financial inclusion by 2023 is a substantial jump over the 67% of adult Bhutanese who have bank accounts ... Bhutan is moving to test wholesale, retail and cross-border applications of its central bank’s tokens, even as advanced nations are still debating their utility ... Bank union, political parties ....

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How digital cash can lift gross national happiness

Live Mint 28 Sep 2021

The goal of 85% financial inclusion by 2023 is a substantial jump over the 67% of adult Bhutanese who have bank accounts ... Bhutan is moving to test wholesale, retail and cross-border applications of its central bank’s tokens, even as advanced nations are still debating their utility ... Bank union, political parties ....

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DeFi makes Western Europe the world’s largest 'crypto economy'

Yahoo Daily News 28 Sep 2021

venture firms are playing catchup with their competitors across the Atlantic.Open banking ... “The open banking movement has forced a wholesale re-architecting of both their [banks] core products, and how firms interact with the wider economy," Josh Goodbody, COO of the decentralized infrastructure protocol Qredo, told Yahoo Finance.

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Blue Ridge Bank Named One of America's Best Banks by Newsweek

Johnson City Press 27 Sep 2021

27, 2021 /PRNewswire/ --�Blue Ridge Bank, N.A ... About Blue Ridge Bank, N.A... Through its subsidiaries and affiliates, Blue Ridge Bank provides a wide range of financial services including retail and commercial banking, payroll, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending.

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Fitch upgrades Bank of Industry’s national rating to ‘AAA(Nga)’

Business Day Online 27 Sep 2021

Fitch Ratings has upgraded Bank of Industry’s (BoI) National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga);’ and affirmed the Nigeria-based bank’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook ... The entirety of the bank’s wholesale funding being either provided or guaranteed by the Nigerian state.

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McKinsey Report: Asia-Pacific digital banking accelerating

Beijing News 27 Sep 2021

The Grab-Singtel consortium and digital powerhouse Sea Limited were awarded full digital banking licenses and wholesale banking licenses went to Jack Ma's Ant Group and a consortium formed by Greenland Financial Holdings, Linklogis Hong Kong, and Beijing Co-operative Equity Investment Fund Management.

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Breakdown: Beware Aussie net-zero greenwashing

Reuters 27 Sep 2021

WOW ... Meanwhile, the Asian Development Bank is raising a fund to buy and close regional coal plants already in operation ... He added that almost half of the country’s government bonds are held by overseas investors and that around a fifth of wholesale funding for the country’s banks comes from offshore.Editing by Jeffrey Goldfarb and Katrina Hamlin ... ....

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SPECIAL REPORT: PM Khan must do his part

Dawn 27 Sep 2021

The year 2020 was a global disaster. Millions died of Covid and many more endured the pain of the consequent economic fallout ... To be on track on SDGs… ... Initially, the sectors that swiftly adjusted to the changing market (face mask and medical kit makers, hygiene product manufacturers, ICT companies, commodity wholesale, banks etc) led the recovery ... .