With their bulging oil-fed coffers, Gulf-based investors have been making a big splash on the global financial stage. Reports of Borse Dubai and Qatar Investment Authority’s stakes in the London Stock Exchange and OMX, and that a tenth of banking giant Citi is now in Middle Eastern hands pay testimony to the importance of the region in the international arena.
Islamic banking has become a potent force for innovation in the banking industry across Asia and Europe. Not just for those of the Islamic faith, the partnership model of banking is being recognized as a socially responsible, inclusive alternative to the conventional banking model.
BM talks with Glen Stafford of TCS Financial Solutions about the transforming power of technology.
Overhauling old core banking legacy systems can be complex, costly and time-consuming process for the banks. To gain an insight into the core banking landscape BM hears from two leading experts – Bob Hunt, Research Director at TowerGroup, and Rachel Hunt, Research Manager at Financial Insights.
Over the last 12 to 24 months, those watching the industry have seen a great deal of activity with companies entering the online backup market; sometimes called storage and service or a variety of other names. The basic premise is that individuals or companies use a service to back up files, rather than doing it in-house with their own equipment.