BRUSSELS / AP Dutch banking group ING said on Monday that it is slashing 7,000 jobs in Belgium and the Netherlands as the company focuses on online services in the face of growing competition. ING said in a statement that some 3,500 full-time jobs would disappear in Belgium by 2021 and 2,300 in the Netherlands. Almost 1,000 jobs would ...

  Dubai / Emirates Business UAE banks are rapidly adopting global best practices in securing online bank accounts and digital payments, industry experts commented today on a new report. Automation of security is the most frequently deployed digital transformation initiative among banks in Europe, the Middle East, and Africa, according to the recent IDC report, “The Digital Ready Bank”. When ...

  Bloomberg The Bank of England (BoE) will run two stress tests on the country’s biggest lenders next year, an annual assessment of risks from the financial cycle and an “exploratory” scenario geared to “emerging or latent threats” to financial stability. The central bank will publish the two scenarios in the first quarter of next year. The firms participating in ...