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This article is brought to you in association with the European Commission. The European Commission is carrying out unannounced antitrust inspections at the premises of companies active in the financial services sector in two Member States. The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit restrictive business practices (Article […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Hope Bryant, Founder, Chairman & CEO, Operation HOPE Technology drives inclusion in financial services. It facilitates widespread education, accessibility and affordability that were previously reserved for a wealthy few, opening doors and breaking down barriers worldwide. Digital […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda The financial services industry finds itself grappling with an unprecedented challenge – not profit margins or regulation, but coaxing its employees back to the office full-time. As Wall Street giants like JPMorgan […]
This article is brought to you in association with the European Commission. Today, the European Commission has adopted a reform of the current EU rules on Distance Marketing of Consumer Financial Services, which govern financial services sold at a distance. The Proposal will strengthen consumer rights and foster the cross-border provision of financial services in the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rebecca Liao, Co-Founder, SKUChain Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans; The transaction banking industry is beginning to see DeFi’s potential to overhaul the inflexibility […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Leora Klapper, Lead Economist, Development Research Group, World Bank The pandemic has proved that digital financial inclusion is crucial – and that it cannot depend on cash-out services. Weak financial infrastructure makes digital transactions difficult – and people […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Robert Crozier, Board Member, B3i; Head of Global Blockchain Centre of Competence Chief Architect, Customer Platforms, Allianz Technology Three years ago, I confidently declared that the global insurance industry was on the cusp of a technological revolution that […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael C. Bodson, President and Chief Executive Officer, Depository Trust & Clearing (DTCC) Disruptive technology is empowering financial services clients. APIs enable the development of financial services applications that can be customized to an organization’s needs. The industry […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Gillespie, Partner, Oliver Wyman & Jessica Clempner, Principal, Oliver Wyman Over the last 10 years, achieving gender balance in financial services has remained a challenge across Europe and worldwide, with the industry still male-dominated, particularly at senior level. […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Herman Smit, Director, Cenfri & Chernay Johnson, Engagement manager, insight2impact Africa’s largely informal economy is digitizing. Improved internet and smartphone penetration have given rise to virtual marketplaces, also known as digital platforms, where millions of workers and enterprises have […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Linda Yueh, Oxford and London Business School economist “Who the hell wants to copy a document on plain paper???!!!” Rejection letter sent to Chester Carlson, inventor of the XEROX machine in 1940. “This ‘telephone’ has too many shortcomings to […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kai Keller, Project Lead, Financial Stability, Innovation, and Economic Growth, World Economic Forum In September 2017, hackers breaching credit-reporting agency Equifax accessed the names, social security numbers, birth dates, addresses and, in some instances, driver’s license numbers of 143 […]
Last Tuesday the European Commission aired a groundbreaking proposal, about the creation of a euro-area wide insurance scheme for bank deposits. In this way the European Banking Union will start having a meaning for the average European. It’s a plan for a European Deposit Insurance Scheme (EDIS) which is meant to complete the Banking Union […]
