July/August 2018
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DIGITAL-BANKING-TRACKER-OCTOBER-2018.Pdf
DIGITAL BANKINGTRACKER™ HOW FIS ARE COMBATTING INCREASINGLY SOPHISTICATED ATTACKS OCTOBER 2018 FS-ISAC CEO calls for Square to add banking The top movers and shakers FI collaboration features to Cash in the digital banking space – Page 6 (Feature Story) – Page 10 (News and Trends) – Page 18 (Scorecard) © 2018 PYMNTS.com All Rights Reserved 1 DIGITAL BANKINGTRACKER™ TABLE OF CONTENTS What’s Inside 03 An overview of digital banking news, trends and stories surrounding the latest debuts and expansions Feature Story Turning To AI To Reduce Digital Banking Risks 06 Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center, on the increase in fraud targeting financial institutions and what banks can, and should, do to stop cybercrime News and Trends 10 Top digital banking landscape headlines, from new apps to trending features and technologies Methodology: 14 How PYMNTS evaluates various capabilities offered by B2C and B2B providers Top Ten Rankings 16 The highest-ranking B2B and B2C digital banking providers Watch List 17 Three additions to the Digital Banking Tracker™ provider directory Scorecard 18 The results are in. See this month’s top scorers and a directory featuring more than 230 digital banking players About 148 Information about PYMNTS.com and Feedzai ACKNOWLEDGEMENT The Digital Banking Tracker™ is powered by Feedzai, and PYMNTS is grateful for the company’s support and insight. PYMNTS.com retains full editorial control over the report’s methodology and content. © 2018 PYMNTS.com All Rights Reserved 2 What’s Inside AN OVERWHELMING MAJORITY OF BANK CUSTOMERS PREFER DIGITAL AND MOBILE EXECUTIVE INSIGHT BANKING OPTIONS TO BRICK-AND-MORTAR BRANCHES. -
Eif-Annual-Report-2018.Pdf
#Believe InSmall Annual Report 2018 Contents Forewords 4 EIF in Numbers 6 Financing SMES in 2018 8 Innovation 18 Growth and Competitiveness 26 Social Impact Investment 36 and Inclusive Finance Culture and Creativity 44 Regional Investments 50 Our Impact and Looking Ahead 58 Signed Transactions 68 and Mandates Capital and Shareholders 78 Board of Directors 80 and Audit Board Audit and Controls 81 Risk Management 82 Legal Service 83 Dario Scannapieco Chairman of the Board of Directors “The EIB Group recognises the crucial role that SMEs play in the European economy, which is why we are extremely satisfied that the EIF has again demonstrated its ability to put capital to work to serve SMEs in 2018. Not only has it continued to deploy EFSI resources into targeted policy areas such as competitiveness, social impact and innovation, but it has also sought out new markets like agriculture in which to make a difference. Under EFSI 2, the EIF is already identifying new areas for SME support and we have no doubt that the EIF will continue to implement the SME Window to exert the maximum impact for Europe’s small businesses. This kind of support is critical. The EIF continues to identify new sources of capital that can help SMEs access much-needed finance at affordable terms. Furthermore, it has sought to overcome Europe’s fragmentation by building positive relationships with National Promotional Institutions (NPIs) across Europe and innovating programmes through which they can work together. In line with Capital Markets Union objectives, the EIF’s new programmes and mandates seek to provide pan-European coverage as well as addressing the financing concerns of individual countries. -
BARCLAYS COVERS:Layout 1 6/3/09 02:20 Page 1
BARCLAYS COVERS:Layout 1 6/3/09 02:20 Page 1 barclays.com/annualreport08 Annual Report 2008 Report Cover: Produced using 50% recycled fibre and pulp bleached using Elemental Chlorine Free (ECF) process. Report Text: Produced from 100% post consumer waste. Both mills are certified to the ISO14001 environmental management standard. Barclays PLC Annual Report 2008 We thank our customers and clients for the business they directed to Barclays in 2008. High levels of activity on their behalf have enabled us to report substantial profit generation in difficult conditions. “Our priorities in 2008 were (and remain): to stay close to customers and clients; to manage our risks; and to progress strategy. John Varley ”Group Chief Executive © Barclays Bank PLC 2009 www.barclays.com/annualreport08 Registered office: 1 Churchill Place, London E14 5HP 51° 30' 36"N Registered in England. Registered No: 48839 London, UK 12pm GMT 9910115 BARCLAYS COVERS:Layout 1 6/3/09 02:20 Page 2 Contents Forward-looking statements Business review 3 This document contains certain forward-looking statements Barclays today 4 within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Key performance indicators 6 Act of 1933, as amended, with respect to certain of the Group’s plans and its current goals and expectations relating to its future Group Chairman’s statement 10 financial condition and performance. Barclays cautions readers that no forward-looking statement is a guarantee of future Group Chief Executive’s review 12 performance and that actual results could differ materially from those contained in the forward-looking statements. -
Technology Report
2021 TECHNOLOGY REPORT ISBANK Subs�d�ary 1 ©Copyright 2021, all rights reserved by Softtech Inc. No part or paragraph may be reproduced, published, represented, rented, copied, reproduced, be transmitted through signal, sound, and/or image transmission including wired/wireless broadcast or digital transmission, be stored for later use, be used, allowed to be used and distributed for commercial purposes, be used and distributed, in whole or in part or summary in any form. Quotations that exceed the normal size cannot be made. If it is desired to do so, Softtech A.Ş.’s written approval is required. In normal and legal quotations, citation in the form of “© Copyright 2021, all rights reserved by Softtech A.Ş.” is mandatory. The information and opinions of each author included in the report do not represent any institution and organization, especially Softtech and the institution they work with, they contain the opinions of the authors themselves. 2021 TECHNOLOGY REPORT ISBANK Subs�d�ary Colophon Preamble Jale İpekoğlu Umut Yalçın M. Murat Ertem Leyla Veliev Azimli Ussal Şahbaz Lucas Calleja Volkan Sözmen Mehmet Güneş Prof. Dr. Vasıf Hasırcı Authors Mehtap Özdemir Att. Yaşar K. Canpolat Ahmet Usta Mert Bağcılar Ali Can Işıtman Muhammet Özmen Editors Bahar Tekin Shirali Mustafa Dalcı Aylin Öztürk Berna Gedik Mustafa İçer Fatih Günaydın Burak Arık Mükremin Seçkin Yeniel Selçuk Sevindik Burak İnce Onur Koç Umut Esen Burcu Yapar Onur Yavuz Demet Zübeyiroğlu Ömer Erkmen Design Didem Altınbilek Assoc. Prof. Dr. Özge Can Emrah Yayıcı Qi Yin & Jlian Sun 12 Yapım Eren Hükümdar Rüken Aksakallı Temel Selçuk Sevindik Fatih Günaydın Salih Cemil Çetin GPT-3 Sara Holyavkin Contact Görkem Keskin Selçuk Sevindik Gül Çömez Prof. -
French Fintech Ecosystem
About Exton Consulting Exton Consulting is a strategy and management consulting firm, founded in 2006 and specializing in financial services: insurance, retail banking, cards and payments, CIB & Asset Management. As a key player in this field, Exton Consulting provides executive boards with the advice and support needed to manage company growth, transformation and innovation. The firm is represented in France, Italy, Germany and Morocco and employs 150 consultants with a high level of expertise and competence. With more than 10 years of experience, Exton Consulting has become a privileged partner in addressing the challenges and opportunities of digital transformation in financial services. In direct contact with the FinTech and entrepreneurial ecosystem, to better support its clients in their innovation projects, Exton Consulting is a founding member of Le Swave, the first French acceleration platform for FinTechs, and a partner of Finance Innovation, an active member of its FinTechs banking and insurance projects labelling committee. For more information: www.extonconsulting.com [email protected] FOREWORD Some observers predicted that the FinTech phenomenon would slow down worldwide at competitive advantages and accelerate their digital transformation. the end of 2016. However, financial start-ups continue to attract investors and 2018 is already proving to be a record year. These are just some of the factors that lead to attractive development opportunities for FinTechs in France. Europe is the region with the strongest growth in 2017 (+121%) and in third place after North America and Asia in terms of invested amounts. The continent has a regulatory In this context, Exton Consulting and the Finance Innovation cluster wanted to framework that favours the emergence of FinTechs (with the European financial passport combine their expertise in order to: and the entry into force of PSD2, which paves the way for open banking). -
European Banks: IFRS9 – Bigger Than Basel IV
Equity Research 9 January 2017 European Banks INDUSTRY UPDATE IFRS9 – Bigger than Basel IV European Banks From January 2018, IFRS9 will change how banks recognize loan losses. So far, NEUTRAL Unchanged market focus has been on the transitional CET1 impacts. But these look quite small – c50bps off CET1 ratios. Instead, we think the ‘real’ story is pro-cyclicality. A typical downturn could see IFRS9 knock c300bps off the sector’s CET1 ratio – vs c100bps European Banks Mike Harrison under the current framework. It is not too late for the rules to be changed. But +44 (0)20 3134 3056 without a recession, it may take the 2018 stress tests to fully highlight the problem. [email protected] For as long as the risk of policy error remains, the more capital generative banks are Barclays, UK best insulated – we’d highlight SocGen, CS and ABN in particular. Jeremy Sigee Earnings and capital volatility: Under IFRS9, banks will front load loan losses at the +44 (0)20 3134 3363 start of a downturn, rather than spreading the cost over several periods. So banks can’t [email protected] ‘earn their way through’, and may even overestimate losses in the depths of a recession. Barclays, UK Reducing earnings cushions leaves capital bases more exposed. How much more capital? CET1 ratios already come under pressure in a downturn from RWA inflation. The ‘typical’ additional CET1 erosion from IFRS9 is c300bp, although bank-by-bank sensitivities clearly depend on the specific nature of any downturn. Some of this may be offset by reducing CET1 targets – but the headroom here is limited. -
Barclays Fund PLC Multi-Manager
Wealth Management Barclays Multi-Manager Fund PLC Interim Report & Unaudited Financial Statements for the six months ended 30 November 2017 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Contents Page Organisation 1 Background to the Company 6 Investment Manager's Report for the six months ended 30 November 2017 28 Statement of Comprehensive Income 37 Statement of Financial Position 43 Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares 49 Statement of Cash Flows 55 Notes to the Unaudited Financial Statements 61 Schedule of Investments as at 30 November 2017: GlobalAccess UK Alpha Fund 111 GlobalAccess UK Opportunities Fund 123 GlobalAccess Global Government Bond Fund 131 GlobalAccess Pacific Rim (ex-Japan) Fund 147 GlobalAccess Emerging Market Equity Fund 162 GlobalAccess Global High Yield Bond Fund 192 GlobalAccess Global Corporate Bond Fund 237 GlobalAccess Global Inflation Linked Bond Fund 282 GlobalAccess Emerging Market Debt Fund 296 GlobalAccess Global Property Securities Fund 329 GlobalAccess Global Short Duration Bond Fund 338 GlobalAccess US Small & Mid Cap Equity Fund 358 GlobalAccess US Value Fund 379 GlobalAccess Global Equity Income Fund 390 GlobalAccess Emerging Market Local Currency Debt Fund 418 GlobalAccess Europe (ex-UK) Alpha Fund 429 GlobalAccess Japan Fund 444 Schedule of Portfolio Changes for the six months ended 30 November 2017: GlobalAccess UK Alpha Fund 454 GlobalAccess UK Opportunities Fund 456 GlobalAccess Global Government Bond -
THE PAGE Ben Cohen
ISSUE 6 Spring 2015 ESCAPES with action BY TOM BARBER beach fitness & fashion essentials for your summer calendar Monaco Grand Prix // Wimbledon Royal Ascot // Festival of Speed THE WWW.ADOREUM.COM featuring Ben Cohen PAGE NEW STORE ALBANY 10-12 BURLINGTON GARDENS LONDON, W1S 3EY 10-12 Burlington Gardens, London, W1S 3EY 149 Sloane Street, London, SW1X 9BZ Tel: +44 (0)20 7493 8939 WWW.PICKETT.CO.UK EDITOR’S LETTER Up until my late twenties I played rugby for a Lon- don team. Nothing serious; a few chaps after a bit of ruck, some adrenalin and a beer, but we were on the league tables. What surprises many is that I was a prop forward and I get that now. Meeting with former England rugby player, man-mountain and new found philanthropist Ben Cohen, our latest cover star, served to illustrate the level of our team’s mediocrity and the distance that lies between amateur and professional. The two can’t really be compared anymore. It’s the difference between work and play. Sport has become increasingly accessible to the extent that it’s as much about lifestyle and health as it is about competition and winning. The ‘waif’ look is out, today it’s all about ‘fit’. As we have found via this edition of the magazine, sport is in growth mode. It’s immersed into nearly every fashion collection, new generation health clubs are opening on every corner and it’s practically impossible to holiday without being pushed into a pair of trainers or a tight-fitting-something. -
Competition and Choice in the Banking Sector
House of Commons Treasury Committee Competition and choice in the banking sector Written Evidence Only those submissions written specifically for the Committee and accepted by the Committee as evidence for the inquiry Competition and choice in the banking sector are included. Ordered to be published 16 September, 12, 19 and 26 October, 16 November 2010, and 2 February 2011 List of written evidence Page 1 Campaign for Community Banking Services 3, 8 2 Unite 9 3 David Johnston 14 4 Mr and Mrs Ralph 16 5 Ian Kerry 17 6 Consumer focus 18 7 Barclays 27; 266 8 Virgin Money 32 9 Nationwide 41 10 Vocalink 51 11 Building Society Association 54 12 Kensington Mortgage Company 61 13 Intellect 65 14 Consumer Finance Education Body 77 15 Payments Council 82 16 Yorkshire Building Society 85 17 Paragon Group 92 18 Toynbee Hall 97 19 Association of British Credit Unions Ltd 101 20 Which? 108 21 Co-operative Financial Services 134; 253 22 Tesco Bank 141 23 RBS Group Plc 146 24 Lloyds Banking Group 153; 258 25 David T Llewellyn, Professor of Money and Banking, Loughborough University 162 26 Financial Services Authority 171; 244 27 New Economics Foundation 184 28 Financial Services Consumer Panel 193 29 Which? 196 30 Competition Commission 202 31 Sir Don Cruickshank 211 32 Office of Fair Trading 218; 246 33 Financial Services Consumer Panel 227 34 Metro Bank 235 35 Cut Loose 249 36 eBay 252 37 Callcredit 261 38 Santander 263 39 HM Treasury 270 3 Written evidence submitted by the Campaign for Community Banking Services (CCBS) EXECUTIVE SUMMARY Branch dependent individuals and small businesses in over 1000 urban and rural communities effectively have no choice of banking provider and as the banks and building societies continue to close branches this number is expected to increase because of the post crisis pressure on profits and further consolidation within the industry. -
Annual Report & Accounts
ANNUAL REPORT & ACCOUNTS for the year ended 31 December 2020 The Investment Association Camomile Court, 23 Camomile Street, London EC3A 7LL Registered number: 04343737 T: +44 (0)20 7831 0898 W: theia.org June 2021 © The Investment Association (2021). All rights reserved. No reproduction without permission of The Investment Association. ANNUAL REPORT AND ACCOUNTS 2020 CONTENTS Chair’s Review 2 Chief Executive’s Report 4 Strategic Report 7 How we support and promote our members 12 Directors and Officers 14 Directors’ Report 15 Statement of Directors’ Responsibilities 16 Board Activity and its Committees 17 Independent Auditors’ Report to Members of The Investment Association 20 Consolidated Statement of Income and Retained Earnings for the year ended 31 December 2020 25 Statements of Financial Position as at 31 December 2020 26 Consolidated Cash Flow Statement for the year ended 31 December 2020 27 Notes to the Consolidated Financial Statements for the year ended 31 December 2020 28 Full Members at December 2020 38 Affiliate Members at December 2020 41 Sector Members at December 2020 42 External Committees of which IA staff are members 43 1 THE INVESTMENT ASSOCIATION CHAIR’S REVIEW DELIVERING POSITIVE CHANGE IN TUMULTUOUS TIMES under management. If anything is a testament to the resilience of our industry and to the hard work that took place to deliver for our customers, this was it. This year past was my first as Chair of the Investment Association Board, a position I have been honoured to fill. Particularly at a time when our industry’s purpose – to help millions of people prepare for a more financially secure future, and to support the UK economy and its businesses to thrive – has felt even more vital. -
The Transition to Cash-Light Societies
SIGNATURE #emergingpayments #transatlantic Equity Research 25 June 2020 Payments & Fintech The transition to cash-light societies The emergence of COVID-19 is accelerating a transition to cash-light societies that is already under way across the most digitally-advanced economies. We model a global tipping point in 2025, after which we expect absolute cash usage to begin to decline. This trend represents a structural tailwind to our global payments and fintech coverage, but it will also raise complex societal challenges. European Software & IT Services U.S. Payments, Processors & IT Services James Goodman Ramsey El-Assal +44 (0)20 3134 1038 +1 212 526 7144 [email protected] [email protected] Barclays, UK BCI, US *For list of authors, see page 2. Barclays Capital Inc. and/or one of its affiliates does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. This research report has been prepared in whole or in part by equity research analysts based outside the US who are not registered/qualified as research analysts with FINRA. Please see analyst certifications and important disclosures beginning on page 71. Barclays | Payments & Fintech Barclays European Payments & Fintech Conference Monday, 21 September 2020 We look forward to inviting you to the Barclays European Payments & Fintech Conference, to be held on Monday 21 September 2020 in a virtual format. -
Banking & Finance Litigation Update
BANKING & FINANCE LITIGATION UPDATE ISSUE 65 We wish to establish a dialogue with our readers. CONTENTS Please contact us at B&FL Update and let us know Domestic Banking ………………………………...2 which particular areas you are interested in and what you would find helpful. Domestic General ……………………………... ....4 The Banking & Finance Litigation Update is European Banking ………………………………...4 published monthly and covers current developments affecting the Group's area of practice and its clients European General ………………………………...6 during the preceding month. International Banking ……………………………...6 This publication is a general overview and discussion of the subjects dealt with. It should not be used as a International General ………………………………7 substitute for taking legal advice in any specific situation. DLA Piper UK LLP accepts no Press Releases …………………………………….. 8 responsibility for any actions taken or not taken in reliance on it. Case Law ………………………………………....10 Where references or links (which may not be active links) are made to external publications or websites, the views expressed are those of the authors of those publications or websites which are not necessarily those of DLA Piper UK LLP, and DLA Piper UK LLP accepts no responsibility for the contents or accuracy of those publications or websites. If you would like further advice, please contact Paula Johnson on 08700 111 111. DOMESTIC BANKING CO-OPERATIVE BANK BANK OF ENGLAND 7. The Co-op has hired Morgan Stanley to sell or run off its loan book in an attempt to raise more capital 1. Interest rates have been left at 0.5 per cent amidst to meet a target, imposed by the Bank of England, indications that Britain's manufacturing sector is of holding 7 per cent Basel III Tier 1 capital.