Financial Innovation

Written by Scott Dawson commercial director at Neopay. Posted in Finance

Is the fear of regulation holding back innovation in the financial services sector?

‘Innovation’ has become a buzzword within the financial services industry in recent times. Often used as a slogan for success, it would appear that many consider the notion of innovation to be the be-all and end-all. And yet, it wasn’t too long ago that innovation and its associated risk (particularly in the mortgages and short-term debt sectors), paired with a lack of effective regulation, caused major economic problems right across the globe.

Fast-forward eight years and the UK seems to be in a much healthier position economically – standing as the world’s leading fintech centre, according to an independent report from Ernst and Young (EY) published in February. The UK is making efforts to learn from the mistakes of the past to benefit our growing digital economy. For instance, within the e-money market, the UK implemented the Electronic Money Regulations 2011 which has created clearer and more robust regulations and which may, in part, be responsible for the exponential growth of the UK’s fintech sector.

Financial Sector Distracted by Compliance Burden.

Written by Chris Burke, CEO, Brickendon Consulting. Posted in Finance

Systemic updating of processes required to stay ahead of regulatory change

The UK financial services (FS) sector’s infrastructure is chronically unprepared to deal with the regulatory changes that will come as a result of the country leaving the EU, according to award-winning FS management and technology consultancy Brickendon.

Compliance and regulatory costs have increased dramatically since the financial crisis, in an effort to avoid what can be multibillion-dollar fines – in some cases resulting in an additional $4bn expenditure each year.[1] With the regulatory burden still increasing – the Fundamental Review of the Trading Book (FRTB) is expected to increase costs by a further 200pc to 400pc on its implementation in 2019 – systemic modernisation of internal systems is required if these costs are to be managed effectively.

Standing Tall

Written by Henry Martin. Posted in Finance

Headquartered in Athens, Greece, with approximately 19,000 employees in eight countries in southeast Europe, Piraeus Bank Group offers a full range of financial products and services to approximately 6 million customers. 

Piraeus Bank today leads a group of companies covering all financial activities in the Greek market. It possesses particular know-how in the areas of small and medium-sized enterprises, agricultural banking, consumer and mortgage credit, green banking and leasing. These services are offered through a nationwide network of c.700 branches and c.1,800 ATMs and through the innovative electronic banking network of winbank. 

Piraeus has an international presence consisting of 280 branches mainly in southeast Europe. It operates in Romania through Piraeus Bank Romania (120 branches), in Bulgaria through Piraeus Bank Bulgaria (75 branches), in Albania through Tirana Bank (39 branches), in Serbia through Piraeus Bank Beograd (26 branches), in Ukraine through Piraeus Bank ICB (18 branches), and in London and Frankfurt through a branch of Piraeus Bank each.

China‘s Internationalization Initiatives

Written by Dr. Han Chen, CEO of CEINEX. Posted in Finance

In the midst of transitions of Chinas economic driving forces, capital market policies and global market integration one main pillar is the internationalization and promotion of the Renminbi (RMB) in both on- and offshore markets. This objective is especially significant for the international investors’ community, as China’s financial market reforms ultimately allow for better accessibility to the world’s second largest economy, eventually leading up to attractive direct investment opportunities. China is progressively increasing the quota for Qualified Foreign Institutional Investors (QFII) and RMB QFII and, thereby, broadens both onshore and offshore investment flows. Further liberalization initiatives are under way, allowing Chinese and foreign investors to interact in cross-border asset transactions more fluently.  

UniCredit SpA and Anthemis Group launch UniCredit EVO Investment Partnership

Written by Online editor. Posted in Finance

UniCredit, one of the leading European commercial banks, and Anthemis Group, the leading financial services technology venture and advisory firm, today announced a new joint investment venture. UniCredit EVO (equity venture opportunities) will be a dedicated initiative focused exclusively on identifying and investing in best-in-class financial technology startups. With an initial capital commitment of €200 million from UniCredit, the initiative will target mid stage startups and follow-on investments in more mature and established FinTech businesses, as well as early stage digitally native financial services startups working on more pioneering solutions.

Interview with George Matharu President and CEO of Elite Capital & Co.

Written by Ezra S. Emanuel. Posted in Finance

Elite Capital & Co. Limited (“ECC”) is a private limited company that provides project related services including Management, Consultancy and Funding, particularly for large commercial and infrastructure projects. Elite Capital & Co. Limited has its head office in London (UK), with a Board Members, Staff and Agents being located across the Europe, Middle East, Asia and Africa. They have multi lingual staff to ensure they accommodate all of their client’s needs. ECC offers a wealth of experience in Banking & Financial transactions and has a range of specialized advisory services for private, SME or corporate clients.

When required they can also customize and structure products and services to meet the specific needs of their clients. They will continue to customize, structure, create and implement funding products and services as the need requires. Elite Capital & Co. has made strategic alliances with several organizations and companies which have given them access to international markets in Europe, Asia, Africa, Middle East and GCC regions. This has given Elite Capital & Co. a substantial foundation of clients to build on, in addition to access to the markets that are most in need of the products and services they offer.

The Scramble for Africa (but this time it's on Africa's terms)

Written by Garrett Brandon . Posted in Finance

Once regarded as the final frontier of international investment, Africa has slowly emerged as the hottest destination for emerging markets investors. In the space of a decade, Africa's gone from being a hopeless case to a star performer. 

It wasn't so long ago that Africa was widely held to be uncharted territory among international investors, drawing only the foolhardy or the foolish. Savvy investors stayed well away. Fifteen years ago, The Economist labelled Africa 'the hopeless continent'. Fast-forward to 2015, Africa's now the go-to destination for emerging market investors. If an investor's not involved in Africa, the question is, "why not?". And it's not hard to see why.

Africa Set to Rocket

Written by Cheryl Buss – Head of Global Clients Africa, Barclays Africa and Kai Zhu - Global Corporates, China Corridor, Barclays Africa.. Posted in Finance

Chinese companies are discovering the long-term benefit in Africa

In the past decade, investments from China into Africa have skyrocketed, placing the country squarely among Africa’s most valued partners. Not only has the Asian giant provided a stable market for Africa’s wealth of raw materials, but it is also playing a pivotal role in the continent’s development by building and upgrading vital infrastructure and providing the investment capital that helps to free up government revenues for the vital priorities of education and healthcare.

A Smart Bank In a Smart State

Written by Banca CIS- Credito Industriale Sammarinese. Posted in Finance

The tiny city-state of San Marino has a proud and distinguished profile on the global stage. It's the oldest republic in existence, for starters. And while it's among the world's smallest countries, it's also among the wealthiest. It has a particularly advanced banking sector, which, right now, is punching well above its weight and making its presence felt internationally.

At the forefront of this is Banca CIS - Credito Industriale Sammarinese S.p.A., one of San Marino's most dynamic financial institutions. Over the last three years, Banca CIS has undergone quite profound structural and organisational development. Banca CIS is the product of the 2012 acquisition of Credito Industriale Sammarinese, a long-established financial institution in San Marino, by Banca Partner, a private bank focused on Asset Management. The combined entity - renamed Banca CIS - subsequently acquired assets and liabilities from Euro Commercial Bank.

Ready, Steady…..Go!

Written by Henry Martin. Posted in Finance

India and China have been in competition from a geopolitical stance for years but their rivalry doesn’t stop there. As far back as the late 1940s, their respective financial markets have been in opposition and the race to achieve the greatest economic growth isn’t showing any signs of slowing.

India, Asia's third-largest economy, presents a profitable opportunity for both short-term traders and long-term investors. In 1970, the GDP of India was $63.5 billion and in 2014, GDP stood at $2066.90 billion. With its staggering market size - the country is home to 1.25 billion people; with more than 65% of the population younger than 35 - India is an untapped resource.


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