An AI-First organization accelerates AI adoption by avoiding traditional siloed use cases. According to Bal Shukla from Infosys, financial institutions especially are seeking to move past the experimentation stage to scale both traditional and generative AI across the enterprise. Financial institutions have been facing tough challenges between economic uncertainty and an unprecedented technology-powered speed of…
Home Banking Reorganization Spurs Synergies: Q&A With Citi Commerical Bank’s Raymond Gatcliffe Head of Commercial Bank in North America at Citi discusses the company’s reorganization of its banking lines with Global Finance. In mid-September, Citi CEO Jane Fraser announced a comprehensive reorganization of the banking giant. Part of the simplified operations model included putting its…
Over the past two decades, most indicators of peacefulness have deteriorated, according to the 2024 Global Peace Index. Old and new conflicts, and our political and cultural polarization, are the main culprits. Peaceful Nations Generate Economic Value Peace, some people say, starts with a smile. Peaceful societies enjoy greater income growth, stronger currencies and higher…
Home Transaction Banking Innovation Beyond Technology: Q&A With J.P. Morgan Payments’ Lori Schwartz Lori Schwartz, Global Head of Liquidity & Account Solutions and Digital & Design at J.P. Morgan Payments, discusses fostering innovation within the corporate treasury with Global Finance. GF: How has artificial intelligence affected your organization’s performance in the past year? Lori Schwartz:…
Spain is enjoying a positive current account with an export boom and services are doing very well. Can it keep the good times going? In the past decade, leaving aside the Covid-19-induced recession, Spain’s economy has performed better than the European average. The year 2024 looks to be no different; Spanish GDP is expected to…
Goldman Sachs became the first Wall Street bank to comply with Saudi Arabia’s Regional Headquarters (RHQ) program and secure a license to establish its Middle Eastern base in Riyadh. The kingdom’s new rules, which took effect on January 1, 2024, require companies to maintain a regional headquarters in Saudi Arabia with at least 15 employees,…