Generation Z is reshaping banking, much like millennials did a generation before them. Banks need to think in ways they have never done before if they want to capture customers and stop non-traditional financial companies from taking market share.
Angola’s finance minister, Vera Daves de Sousa, is making a journey familiar to many other major oil exporters by diversifying her economy away from hydrocarbons, but with the added challenge of Covid-19. She sets out her goals and challenges to EMEA Finance.
A consortium of banks in Europe have agreed to launch the European Payments Initiative, which aims to create a unified payment system across the continent. The scheme received support from major regulatory bodies, but has been met with mixed reactions about whether it will make much difference to the region’s payments capabilities.