Banking

Banking

Has the import price shock been worse in the UK or euro area?

Josh Martin and Julian Reynolds How much have higher import prices increased consumer prices in the UK and euro area? This post explores this question using a framework grounded in some fundamental economic and national accounting concepts. Starting with the...

Banking

Brex, Ally roll out AI-driven chatbots

Ally Financial and Brex rolled out AI-driven virtual assistants this week. Ally debuted a customer representative assistant to help service team members aid clients more efficiently while Brex’s virtual assistant aims to help employees of commercial clients file and manage...

Banking

Payments status updates comprise 80% of Citi queries

TORONTO — Eighty percent of queries across Citigroup’s 96-country network — which includes more than 200 million clients — are payment status queries.  Pre-validation capabilities could bring that number down for banks, Debopama Sen, co-head of global payments and receivables...

Banking

Cybersecurity a top risk, Sibos attendees say

TORONTO — Forty-three percent of the audience identified cybersecurity as the No. 1 risk management concern, according to a poll taken Monday during a risk-management session at the Sibos 2023 event this week.  “Our ability to succeed in payments over...

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