Press Release: Global Finance Names The Innovators 2021
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May 06, 2021
Global Finance has announced its ninth annual selections for The Innovators 2021. This unique recognition program honors entities that regularly identify new paths and design new tools in finance. A full report on The Innovators 2021 will be published in the June print and digital editions of
Global Finance and on GFMag.com.
Global Finance has identified exceptional innovations in the following categories: Cash Management, Corporate Finance, Islamic Finance, Payments and Trade Finance.
Global Finance also designated Special Honors to some excellent new products and services that did not fit neatly into the specified categories.
Press Release: Global Finance Names the World’s Best Financial Innovation Labs
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May 06, 2021
Global Finance has announced this year’s selections for the World’s Best Financial Innovation Labs.
Now in its fourth year, this annual report on the leading players and emerging trends in fostering fintech innovation has emerged as a popular reference. It includes labs run by banks, governments, venture capitalists, universities and NGOs, with expanded coverage this year of the fast-growing area of internal innovation labs.
“The digital revolution is still in its infancy, and teams around the world are working now to bring the future to fruition with fresh ideas to address old problems,” said Joseph Giarraputo, publisher and editorial director of
Press Release: Global Finance s Outstanding Financial Innovators By Region and Crisis Finance Innovations 2021
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May 06, 2021
Global Finance has announced the selections for Outstanding Financial Innovators by Region, in both the banking and fintech sectors, for its annual Innovators Awards for 2021.
In addition this year, to recognize the financial industry’s extraordinary and agile response to the Covid-19 pandemic,
Global Finance has added Outstanding Crisis Finance Innovation Awards. These global and regional honors highlight innovations launched or introduced in response to the unprecedented conditions in the past year.
“Finance innovations proved critical to speeding needed support to different stakeholders during the health care crisis,” said Joseph Giarraputo, publisher and editorial director of
Our annual ranking of the World Best Banks coincides every year with the release of year-end statements for most of these banks. This year, those annual reports delivered some surprising results, particularly in advanced economies: In an otherwise very tough year for the world economy, the banks did relatively well for themselves and their shareholders. The exceptions are few and in most cases the result of unique problems or scandals. The analysts and economists, it turns out, were too pessimistic.
The reasons for the banking sector’s general good news are several: intense capital markets activity, tied to low interest rates worldwide, and particularly robust M&A; government support through the pandemic to ensure the banks continued lending to prop up business; their role as pass-throughs for support that central banks provide national economies. These features of the year 2020 ended up benefiting financial institutions.
As we went to press, two top economic leaders in the United States Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen were reassuring Congress that massive economic and fiscal stimulus would not generate inflation in the US. Or, more precisely, that they have still strong tools adequate to the task of monitoring and eventually containing price pressures.
That these two would bring such a message is not surprising, but it coincides with the expectation of massive economic rebound in the US potential for soaring growth levels similar to China’s. If that happens, it will be the first time in many years, and it will be the result of an enormous economic stimulus after a deep pandemic-induced recession. In the meantime, corporate entities around the world are still trying to take advantage of this economic climate, and locking down funding for the future while rates remain relatively low.