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Apple Pay processes $6 trillion in 2022

News Sebastien Parker -

For those executives who haven't been watching the continued growth of Apple Pay, the recent metrics published by Capital...

In our newly launched Digital Transformer 2023 section, we are profiling the experts shaping the GCC banking industry this year. Read more.

Latest News

Dollar to Weaken Over Next 2 Years, UniCredit Says

UniCredit Research expects “moderate dollar weakness” over the next two years as the U.S.’s growth outperformance diminishes and interest-rate...

Asian Development Bank Commits $100 Billion Investment for Maximum Climate Impact

Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB) plans to...

Riding the Digital Wave: Fintech Trends Reshaping Kazakhstan’s Finance...

Explore the fintech trends reshaping Kazakhstan's financial landscape, from the rise of digital payments and open banking to the growth of super-app ecosystems and the democratisation of capital markets.

430,000 Revolut customers were waitlisted for the Ultra plan

Revolut Ultra launched late last month as the neo bank’s new premium subscription tier. Their press release makes for stimulating reading, especially the first bullet point: Over 430,000 Revolut customers in the UK and EEA...

Riksbank’s Thedeen Views 50-50 Probability for Another Rate Hike

Banking Pete Sadler -

Sweden’s Riksbank is as likely to raise its benchmark rate as to keep it unchanged, and could take action if the krona weakens again or if there are other signs that inflation is picking up once more, said Governor Erik Thedeen. The Swedish central bank this week left its benchmark rate unchanged at 4%, marking the first break in a tightening campaign that’s dented consumption and led to a plunge in housing construction in the Scandanavian country. Read More : Riksbank's Thedeen Views 50-50 Probability for Another Rate Hike

Events & Conferences Spotlight

Dubai Fintech Summit 2023

http://www.dubaifintechsummit.com The Dubai FinTech Summit 2023 will set a global benchmark for the way enterprises...

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Global Economy Analysis Indicates Likelihood of Euro-Area Recession

Markets Pete Sadler -

A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed. Meantime, the outlook for global trade got a boost this week as South Korea’s exports are likely to maintain...

French Bank Receives Court Adviser’s Backing in Lawsuit Over Dividend Tax Rule

French banks’ efforts to challenge guidance by the country’s tax authorities on dividend arbitrage strategies got the support of an adviser to the top administrative court on Friday. In a hearing at France’s Conseil d’Etat, the court adviser called for the cancellation of two advance...

Markets

Colombia’s Inflation Expected to Conclude 2023 Near 9.73%, Says Bonilla

Pete Sadler -

Japanese Inflation Rises Amid Increasing BOJ Pivot Expectations

Japan’s core consumer price growth picked up slightly in October, after easing the previous month, reinforcing investors’ views that stubborn inflation may push the Bank of Japan (BOJ) to roll back monetary stimulus...

Banking