Loan Covenants in Business Loan Agreements:- From a certain amount, the banks include in their loan agreements a certain number of commitments to be paid by the borrowing company. The latter will have an interest in becoming aware of these commitments and only accept those it believes to be able to respect in view of its financial forecast at MLT.
Key to Understand the Bank ATM Charges | Bank ATM Commission
Bank ATM Charges | Commission
The latest changes made by banks in terms of the introduction and increases in bank ATM charges or bank ATM commission for withdrawing money from ATMs has alarmed customers. Although some bank had already implemented this practice, the news that the big bank was going to extend these costs has, on the one hand, angered a good part of the consumers, and on the other, a wake-up call of the supervisors.
European Central Bank | Objective & Administrative Structure of ECB
The European Central Bank, ECB or is responsible for the monetary policy of the European Union. It was founded on June 1, 1998 according to the Treaty of Amsterdam, establishing its headquarters in the German city of Frankfurt. At the moment its president is Mario Draghi, position that will bear, according to the mandate of 8 years anticipated, until the 31 of October of 2019. Headquarters-Bank-Central-European-in-Frankfurt
Cognitive Banking Definition | Advantages & Disadvantages of Cognitive Banking
Cognitive Banking Definition
One of the current challenges of banking is to improve the efficiency and agility of processes for the client. Cognitive banking and automation will be the key to defining future banking. The context in which the banks are is a state where margins are getting smaller, profitability is low and it is difficult to grow. On the other hand, the “Fintech” are emerging, which mainly attack the most profitable sectors within the bank itself and arise as new competitors or allies, depending on how they approach it.
Banking & Insurance: Retain your Network of Intermediaries
In the banking & insurance sector, digital transformation is making two major changes. The first concerns the customer and user experience. Indeed, on the Internet, customers have access to a large amount of information on banking and insurance products. Before contacting an advisory, they realized between 50% and 70% of their purchasing process. Thus, the first interaction with your customers often happens on the internet. That is why it is necessary to take care of your customer journey on the web.