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Banking

From The Winners @ SIBOS 2014

Inside Sibos | Video Global Finance honored the winners of its 2014 Transaction Processing Awards at a ceremony on Oct. 1, 2014 at the Harvard Club in Boston, MA during SIBOS 2014. Our editors interviewed representatives from winning organizations at the event and on the conference floor.

Banking

BANK INTRODUCES FINGER VEIN BIOMETRICS TO DETER FRAUDSTERS

MILESTONES | UNITED KINGDOM Technology derived from medical scanning is being used by a UK bank in the fight against cybercrime and identity fraud.

Banking

BOTÍN: GROOMED FOR SUCCESS

NEWSMAKERS | SPAIN Less than 24 hours after the sudden death, in September, of her father Emilio Botín, widely recognized as one of the shrewdest, most successful bankers in modern history, Ana Patricia Botín was unanimously named by the board to take the helm of Banco Santander, an institution that has been under the control of her family for three generations.

Banking

BRIDGING THE CHASM

MARKET REPORT | ISLAMIC TRADE FINANCE Offering inventory financing to commodity traders brings much-needed liquidity to the Islamic trade finance market.

Banking

ELEVENTH-HOUR RESCUE FOR SHADOW-BANKING PRODUCT

MILESTONES | CHINA China Huarong Asset Management, a bad bank set up during the credit bust of the 1990s, has turned out to be the mystery investor that bailed out shadow-banking product Credit Equals Gold No. 1.

Banking

GOLDMAN SACHS TO TAP GROWING ISLAMIC MARKET

CAPITAL MARKETS | ISLAMIC FINANCE To diversify its sources of financing, Goldman Sachs plans to issue a benchmark Islamic bond, at a time when demand for sukuk is outrunning supply. Meanwhile, South Africa is planning its first sovereign sukuk, and the Egyptian government is working on a new sukuk law, following the military’s overthrow of Islamist president Mohamed Morsi last year.

Banking

TURKISH BANKS UNDER FIRE

COUNTRY REPORT | TURKEY: BANKING Turkey’s president is not a fan of them, and an increasing tide of regulation and a growing debt profile make for a difficult operating environment for Turkish banks.

Banking

A MERE BLIP FOR REAL-TIME PAYMENTS IN CHINA?

TREASURY & CASH MANAGEMENT | REAL-TIME PAYMENTS A delay in the rollout of the China International Payments System looks to be only a temporary hiccup in the renminbi’s unfolding internationalization.

Award Winners

BEST INTERNET BANKS 2014 ROUND 1

In this first installment of a two-part series, Global Finance identifies the top online corporate and consumer banks by country and then by region, according to product or service category.

Banking

COULD PANAMA BE A GLOBAL MONETARY POLICY MODEL?

TRENDS | SNAPSHOT: PANAMA

Banking

ECUADOR TO LAUNCH ITS OWN “BITCOIN,” BANS RIVALS

TRENDS | DIGITAL CURRENCIES Ecuador is gearing up for the launch of a new digital currency that will go into use as early as October alongside the US dollar, the country’s official tender.

Banking

GETTING MORE MILEAGE FROM SEPA PAYMENTS

TREASURY & CASH MANAGEMENT | PAYMENTS: POST-SEPA The SEPA migration deadline may have passed, but most companies have yet to gain the full benefits offered by the Single Euro Payments Area initiative. Now would be a good time for treasurers to ask how they can get more out of their SEPA investments.