banking Archives - Nearshore Americas

Rising Influence of Tech Firms in Financial Markets Poses A Threat to Banks: Bradesco

Bankers’ heavy reliance on technology firms and the growing dislike for traditional banking model among young people are the major factors bothering the Brazilian bank.
By Narayan Ammachchi April 2, 2019
Mexico’s AirTM Raises $7 Million from Venture Capital Funds

Its service has been hugely popular in Venezuela, where multiple years of hyperinflation have turned everyone’s savings into nearly worthless piles of bills.
By Narayan Ammachchi September 4, 2018
Outsourcing Industry Claims Major Lawsuit Win in Brazil

The win came from a majority vote in court, which maintained that taking calls to answer questions did not make call center workers bank employees.
By Matt Kendall July 16, 2018
Open Banking in Latin America Is Making Its Move, And Rightly So

Anabel Perez from Novopayment explains why several financial institutions in Latin America are moving on open banking projects and hunting for partners that can deliver quick, near-term wins.
By Anabel Perez July 10, 2018
Scotiabank Picks Up Controlling Stake in Peru’s Banco Cencosud

The purchase widens Scotiabank’s footprint in Latin America, making it the second-largest issuer of credit cards in Peru.
By Narayan Ammachchi May 16, 2018
Banks Still Far Away From Benefiting from AI: Accenture Study

Banks could boost revenues by 34% and raise employment levels 14% by 2022, if they re-skill their teams to use AI-driven technologies, says Accenture in its new study.
By Narayan Ammachchi May 14, 2018
CIOs View Digital Technologies as Essential For Banks’ Survival, Survey Finds

Banking and investment service providers are hunting for digital technologies as their CIOs are convinced their old business models will not be sustainable.
By Narayan Ammachchi November 2, 2017
Successful Vendor Governance is a Balancing Act of Communiction, Transparency and Respect

Renate Cunneen describes her new role and mandate for vendor governance, offering indispensable advice for balancing the aspects that result in success.
By Renate Cunneen February 21, 2017
Q&A: The Role of the Chief Data Officer and the Rise of ‘Analytics-as-a-Service’

We spoke to Allison Sagraves, Chief Data Officer at M&T Bank, to discuss how the CDO role is changing, and the professional trials and tribulations she faces in the banking sector.
By Matt Kendall February 8, 2017
Accenture Helps Client Achieve $100 Million Saving With Automation

Automation is already showing signs of deep impact, after Accenture disclosed that the firm saved a banking client around $100 million with the technology.
By Matt Kendall January 23, 2017
Moody’s Predicts Weak LatAm Credit Conditions Will Persist Through 2017

In a note to investors, Moody's warned that prolonged weak economic growth might weigh on banks’ balance sheet, hurting their asset quality and crimping earnings.
By Narayan Ammachchi September 2, 2016
Morgan Stanley to Outsource More Jobs to Cut Costs

Financial services giant Morgan Stanley plans to save up to $1 billion by outsourcing some of its jobs to low-cost countries in Asia and Eastern Europe.
By Narayan Ammachchi January 22, 2016

Bankers’ heavy reliance on technology firms and the growing dislike for traditional banking model among young people are the major factors bothering the Brazilian bank.

Its service has been hugely popular in Venezuela, where multiple years of hyperinflation have turned everyone’s savings into nearly worthless piles of bills.

The win came from a majority vote in court, which maintained that taking calls to answer questions did not make call center workers bank employees.

Anabel Perez from Novopayment explains why several financial institutions in Latin America are moving on open banking projects and hunting for partners that can deliver quick, near-term wins.

The purchase widens Scotiabank’s footprint in Latin America, making it the second-largest issuer of credit cards in Peru.

Banks could boost revenues by 34% and raise employment levels 14% by 2022, if they re-skill their teams to use AI-driven technologies, says Accenture in its new study.

Banking and investment service providers are hunting for digital technologies as their CIOs are convinced their old business models will not be sustainable.

Renate Cunneen describes her new role and mandate for vendor governance, offering indispensable advice for balancing the aspects that result in success.

We spoke to Allison Sagraves, Chief Data Officer at M&T Bank, to discuss how the CDO role is changing, and the professional trials and tribulations she faces in the banking sector.

Automation is already showing signs of deep impact, after Accenture disclosed that the firm saved a banking client around $100 million with the technology.

In a note to investors, Moody's warned that prolonged weak economic growth might weigh on banks’ balance sheet, hurting their asset quality and crimping earnings.

Financial services giant Morgan Stanley plans to save up to $1 billion by outsourcing some of its jobs to low-cost countries in Asia and Eastern Europe.