Acclaimed for its cash management and trade finance expertise, Belfius Bank is leveraging its public-sector experience to innovate corporate transaction banking in Belgium. Koen Vierendeels, Belfius’s Head of Transaction Banking, discusses the customer-centric heart of the bank’s strategy and how its Belgian-market focus is a strong competitive advantage in achieving customer service excellence and navigating risk.
As open banking expands, consumers and companies stand to enjoy lower fees, greater ability to leverage their financial data: if they can control the risk of stolen or misused data.
The Covid-19 pandemic created some waves in the foreign exchange markets over the last couple of years, but the re-emergence of global inflation and inflation-fighting central banks has truly rocked the currency world this year.
Once seen as a plague on emerging markets, FX volatility hit major global currencies in a big way in 2022, due to rising interest rates, inflation and economic contraction.