June 2023

Trade between the two countries is at an all-time high, yet signs point to decoupling.

Global Finance magazine names the world's most innovative banks and fintechs, and the best financial innovations of the past year. 

With artificial intelligence and machine learning on the rise, banks are rapidly adapting to the ever-changing world.

Global Finance picks the year's best financial innovations, in categories including AI, blockchain, compliance, e-commerse, ESG, foreign exchange, payments, user experience and more. 

Global Finance’s 6th annual listing showcases the digital and financial-industry trends arising from the world’s leading innovation centers.

Nimish Panchmatia, Chief Data & Transformation Officer at DBS, speaks to Global Finance about how the bank is transforming its business with innovation.

Nvalaye Kourouma, group chief digital officer of Ecobank, comments on his bank’s multiproject approach.

Lawrence Wan, Bank of Montreal’s chief architect and Innovation officer, shares his thoughts regarding achieving innovation within the company using a team approach.

For banks to compete and flourish, Gareth Richardson, chief operating officer of Thought Machine, explains why cloud-native technology is key.

Scott Zoldi, chief analytics officer at FICO, talks about blockchain as a tool to manage the firm’s data scientists en route to a more “responsible AI.”

Péter Csányi, chief digital officer and deputy CEO of OTP Bank, speaks to Global Finance about successfully building and executing an innovation plan.

Johnson Idesoh, Absa Group’s Information and Technology chief, shares his thoughts regarding successfully implementing innovation in business.

US banks continue to perform well under pressure after dealing with challenging conditions and market turmoil.

Pierre Haren, CEO of Causality Link, speaks to Global Finance regarding artificial intelligence’s rapid evolution.

While market watchdogs in the European Union and China have given the green light, the software giant is still fighting battles in the US and UK to get the deal approved.

Syria returns to the Arab League as Ukrainain President Volodymyr Zelenskyy asks Arab nations to use their ties with Russia to end the war in Ukraine.

Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol visited a memorial to Koreans killed when the first atomic bomb was dropped on the city 78 years ago yet fully normal diplomatic ties between Tokyo and Seoul still appear to be a long way off. 

In April, LVMH reported a 17% year-over-year increase in first-quarter revenues, more than twice what analysts expected.

Finance chiefs are making tough calls and learning new lessons in a stressful economic and credit landscape. But layoffs aren’t the only option.

The new Central Bank of Kenya governor Kamau Thugge brings with him a stellar résumé of previous experience in government and 25 years at the IMF.

Morgan Stanley CEO James Gorman led the firm through a spate of acquisitions that greatly elevated its position in the wealth management sector and his successor may emerge from that part of the firm.

Elon Musk hires Linda Yaccarino, an experienced advertising executive, to run Twitter in his place.

Qantas’ new CEO Vanessa Hudson has spanned roles both onshore and offshore across the commercial, customer and finance segments of the company.

The pricing moves come as China’s economy makes a cautious recovery following the relaxation of strict Covid-19 restrictions. 

New research indicates that well-executed separations can lead to an excess blended return of roughly 6% over the respective sector indexes for two years after the transaction closes.

Ethiopia has embarked on a roadshow to sell shares in the Ethiopia Securities Exchange as part of its attempt to build a diversified and vibrant economy.

Sixteen banks and payment firms are involved in a trial using the “e-HKD,” including the three note-issuing banks—HSBC, Standard Chartered and the Bank of China (Hong Kong).

By providing a secure platform for tokenizing traditional financing documents into “on-chain” tradable nonfungible tokens, Visa’s solution will enable farmers to receive loans with customized terms.

Fewer American students are choosing to become CPAs at a time when older accountants are increasingly leaving the field.

The decision to switch most likely stems from a US law stating that Chinese companies can be delisted if their auditing firms do not comply with US accounting standards. 

Rema 1000’s acquisition of Aldi’s network of stores in Denmark is under investigation.

North American industries most affected by currency exposure were professional services, biotech and pharmaceuticals, machinery, trading and distribution, chemicals and health equipment and supplies.

Located at the center of the ASEAN region, with direct links to China, Thailand is piquing investors’ interest.