Three trends will dominate and disrupt European financial services over the next five years, according to a new report by PwC and Luxembourg for Finance, the development agency for the country’s financial centre.
Despite losing less money when scammed, more millennials have lost out financially, with the number of them being tricked rising almost fourfold.
Looking to the future, to further develop skills in-house, 28% of banks are putting new internal training schemes in place and 20% plan to send staff on external training programmes.
As competition heats up the banking sphere, Middle Eastern banks need to emulate digital giants and adopt full-scale digital transformation to outpace traditional rivals and ward off disruption, says new BCG report
Hampleton Partners, which specialises in international technology M&A and corporate finance, noted that all three of the top transactions were in the payments processing segment
Rivalling robberies in the first quarter, hackers stole more than $124 million from exchanges and infrastructure in Q2, making a total of $227 million stolen from exchanges so far this year.