Navigating ISO 20022 in the Bacs world September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra As organisations and financial institutions look for new ways to pay in a growing payments landscape, using a common language for all financial messages allows participants and systems in different markets to communicate in a single, consistent format using agreed terminology. ISO 20022 is a global [...]
A quick guide to the key UK payment rails September 17, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra There are a range of payment rails available in the UK; some widely applicable while others work better for companies operating in certain circumstances. But what is a payment rail? Payment rails refer to the underlying infrastructure and systems that facilitate the movement of money between [...]
Finance rocks in Rio: The rise of Open Banking in Latin America September 12, 2024 | Sponsored One of the UK’s hallmarks in global exports is its expertise and pioneering role in the Open Finance sector. Across the Atlantic, Latin America — a long-standing trade partner — has recently become a fertile ground for Open Finance, with new regulations advancing across at least five key countries: Brazil, Mexico, Colombia, Chile, and Argentina. [...]
Financial services must be at the heart of the UK-India relationship September 9, 2024 The City of London is a partner of the world’s growth economies and in supporting India’s ambitions we help British businesses too, says Chris Hayward In one of his first international trips the Foreign Secretary David Lammy visited India where he re-emphasised the significance of the UK-India relationship and made clear that the free trade [...]
Barclays announces £750m buyback after beating expectations August 1, 2024 Barclays joined other lenders in announcing sizeable returns to shareholders after performing ahead of expectations in the second quarter. In the three months to June, Barclays reported a pretax profit of £1.9bn, more or less unchanged on last year but comfortably ahead of the £1.6bn expected by analysts. The lender’s investment bank and its wealth [...]
Financial advisers are getting old. What happens when they retire? July 23, 2024 With the average age of a financial adviser rapidly approaching 60, the industry is preparing for a reckoning as they frantically attempt to replace those departing.
Jagjit Chadha: Why investment is necessary to stop the economy from ‘withering’ July 4, 2024 Report after report has found that the UK invests too little as a share of national income, often lagging behind other rich economies.
‘Market prices vulnerable to sharp correction,’ Bank of England warns June 27, 2024 The Bank of England has warned that investors are only focusing on good economic news, sending up asset prices and raising the risk of a “sharp correction” in the future.
I’m the only openly gay CEO in UK banking. LGBT people still face so many barriers June 24, 2024 The City can put on a good show for Pride, but its C-suite record shows LGBT representation still has a long way to go, writes Anthony Watson.
Shares in Lloyds, Natwest and HSBC jump as Reeves appears to rule out Labour raid on lenders June 12, 2024 Shares in the UK's high street banks were among the biggest risers in a wider market rally on Wednesday.