Some regulators have initiated innovative payment solutions, while others lag behind. The traditional view that sustainability can be left to market forces is faltering, as our developing payment landscape leaves millions behind, raising concerns about the impacts of cashless societies. The remedy: an efficient, inclusive payment model.
Nordea Bank Apb, based in Finland, has proved that banks can be their customers’ greatest financial support in times of crisis. Long committed to assisting customers to realize their dreams, Nordea has taken proactive steps to ensure that their clients continue to not only survive but thrive during the COVID-19 pandemic. In our interview, CEO Frank Vang-Jensen describes the bank’s resolute commitment to go one step further for its customers.
An increasing number of European banks and their supervisory authorities are being drawn into money laundering allegations.According to the Organised Crime and Corruption Reporting Project (OCCRP) the latest allegations on ‘Troika Laundromat’
Earlier this year, the European Central Bank (ECB) decided to cut its deposit rate to -0.4 percent and its benchmark refinancing rate to zero.
If cash is to continue to thrive then it must modernize. Cash must be more accessible to businesses and consumers, and it must move more quickly between the two.