NatWest Group

Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases

Retrieved on: 
Monday, March 25, 2024
Carriers and Services, Technology, Professional Services, Payments, Electronic Commerce, Blockchain, Security, Networks, Internet, Fintech, Mobile, Wireless, Deutsche Bank, CLS Group, Automation, Savings bank, Standard Bank, Growth, United Overseas Bank, DVP, Tokenization, ANZ, Westpac, Risk, Sumitomo Mitsui Banking Corporation, Digital asset, Public policy, Intesa Sanpaolo, CBDC, Community business development corporation, Commercial, DTCC, Standard Chartered, DLT, NatWest Group, Ecosystem, HSBC, FX, CLS, DBS, Commercial bank, Cryptocurrency

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.

Key Points: 
  • Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.
  • The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
  • Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.
  • This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

Congratulations to NatWest for Winning the Celent Model Risk Manager Award of the Year

Retrieved on: 
Thursday, March 21, 2024
Automation, Risk, Financial services, Policy, NatWest, Risk assessment, NatWest Group

LONDON, March 21, 2024 /PRNewswire/ -- NatWest Group, the UK's largest business bank, has been honored with the Celent Model Risk Manager Award of the Year for its successful initiative to simplify and automate change and risk governance processes. This award recognizes the company's ability to reduce multiple assessment cycle times using patterns of governance. One example being product governance, which has fallen from 4.5 days to less than 20 minutes, marking a key milestone in their 'moonshot' goal of reducing cycle time from 73 days to 73 minutes.

Key Points: 
  • LONDON, March 21, 2024 /PRNewswire/ -- NatWest Group, the UK's largest business bank, has been honored with the Celent Model Risk Manager Award of the Year for its successful initiative to simplify and automate change and risk governance processes.
  • This award recognizes the company's ability to reduce multiple assessment cycle times using patterns of governance.
  • UK's largest business bank won the Celent Risk Manager Award for transforming risk and change governance processes.
  • "NatWest's exemplary approach showcases a commitment to process excellence and operational efficiency," said Ian Watson, Head of Risk Research at Celent.

Congratulations to NatWest for Winning the Celent Model Risk Manager Award of the Year

Retrieved on: 
Thursday, March 21, 2024
Automation, Risk, Financial services, Policy, NatWest, Risk assessment, NatWest Group

LONDON, March 21, 2024 /PRNewswire/ -- NatWest Group, the UK's largest business bank, has been honoured with the Celent Model Risk Manager Award of the Year for its successful initiative to simplify and automate change and risk governance processes. This award recognises the company's ability to reduce multiple assessment cycle times using patterns of governance. One example being product governance, which has fallen from 4.5 days to less than 20 minutes, marking a key milestone in their 'moonshot' goal of reducing cycle time from 73 days to 73 minutes.

Key Points: 
  • LONDON, March 21, 2024 /PRNewswire/ -- NatWest Group, the UK's largest business bank, has been honoured with the Celent Model Risk Manager Award of the Year for its successful initiative to simplify and automate change and risk governance processes.
  • This award recognises the company's ability to reduce multiple assessment cycle times using patterns of governance.
  • "NatWest's exemplary approach showcases a commitment to process excellence and operational efficiency," said Ian Watson, Head of Risk Research at Celent.
  • Learn how NatWest is boosting productivity, reducing risk, and improving the customer experience here .

Julius Baer Group nominates Bruce Fletcher and Andrea Sambo for election to the Board of Directors

Retrieved on: 
Wednesday, March 13, 2024
Risk management, Record, UBS, Banca Commerciale Italiana, Risk, NatWest Group, Morgan Stanley, International Association, CVS, Citigroup, HSBC, Commodity

Zurich, 11 March 2024 – The Board of Directors of Julius Baer Group Ltd. will propose Bruce Fletcher and Andrea Sambo for election as new independent members of the Board of Directors at the Group’s Annual General Meeting on 11 April 2024.

Key Points: 
  • Zurich, 11 March 2024 – The Board of Directors of Julius Baer Group Ltd. will propose Bruce Fletcher and Andrea Sambo for election as new independent members of the Board of Directors at the Group’s Annual General Meeting on 11 April 2024.
  • Bruce Fletcher is a British and American citizen whose career in the financial industry spans four decades and encompasses extensive risk management and executive experience.
  • From 2018 to 2023, he was Chief Risk Officer of NatWest Group, a leading UK banking organisation, active in private banking, retail, and commercial banking.
  • Upon election, it is envisaged that Bruce Fletcher will take over as Chair of the Governance and Risk Committee.”

Lightsource bp Completes $348 Million Financing Package for Two Utility-Scale Solar Projects in Texas

Retrieved on: 
Wednesday, February 21, 2024
Finance, Alternative Energy, Energy, Environment, Professional Services, Project finance, Inflation, Lloyds Bank, Senior, Structured finance, Weather, Risk management, Lloyds Banking Group, Lightsource BP, Life, Climate, NatWest Group, AIB, Second Division, Electricity, NatWest, Société Générale, Allied Irish Banks, Renewable energy

This financing marked Societe Generale’s sixth transaction supporting Lightsource bp’s renewable energy projects in the USA.

Key Points: 
  • This financing marked Societe Generale’s sixth transaction supporting Lightsource bp’s renewable energy projects in the USA.
  • This financing marked ING’s fifth transaction supporting Lightsource bp’s renewable energy projects in the USA.
  • This financing marked Lloyds Bank’s third transaction supporting Lightsource bp’s renewable energy projects in the USA.
  • Lightsource bp currently operates three solar projects in Texas: 260MW Impact, 163MW Elm Branch and 153MW Briar Creek Solar.

Costco Wholesale Corporation Announces Richard Galanti Will Step Down as CFO, Names Gary Millerchip New CFO

Retrieved on: 
Tuesday, February 6, 2024
Senior, GAAP, Climate change, Royal Bank, Privacy, Acquisition, Small business, Royal Bank of Scotland, Comparable, NatWest Group, Management

ISSAQUAH, Wash., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) announced today that Richard Galanti has confirmed his intention to step down as Chief Financial Officer, effective March 15, 2024.

Key Points: 
  • ISSAQUAH, Wash., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) announced today that Richard Galanti has confirmed his intention to step down as Chief Financial Officer, effective March 15, 2024.
  • The Board of Directors has named Gary Millerchip as Executive Vice President and Chief Financial Officer, effective March 15, 2024.
  • Gary brings extensive retail and finance experience to Costco, serving as Senior Vice President and Chief Financial Officer at The Kroger Co. since April 2019.
  • Costco Chief Executive Officer Ron Vachris stated: “Over his nearly forty-year tenure as chief financial officer at the Company Richard has made innumerable and invaluable contributions to its success.

Funding Circle Plc: Notification of Change of Director Details

Retrieved on: 
Tuesday, February 6, 2024
Senior, NatWest Group

In accordance with Listing Rule 9.6.14(2), the Company announces that Geeta Gopalan, Senior Independent Non-Executive Director, has been appointed as a Non-Executive Director of NatWest Group plc with effect from 1 July 2024.

Key Points: 

In accordance with Listing Rule 9.6.14(2), the Company announces that Geeta Gopalan, Senior Independent Non-Executive Director, has been appointed as a Non-Executive Director of NatWest Group plc with effect from 1 July 2024.

NatWest Group Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, and Other Innovation Programs - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 10, 2024
Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, Royal Bank, Partnership, Insurance, ServiceNow, Business, Royal Bank of Scotland, Fraud, NatWest, Investment, Acquisition, ICT, NatWest Group

The "NatWest Group - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "NatWest Group - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
  • This report provides insight into NatWest's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
  • NatWest Group Plc (NatWest) is a provider of personal and commercial banking, and other financial solutions through two major subsidiaries: The Royal Bank of Scotland and NatWest.
  • NatWest is transforming its business model to meet customers' digital expectations and deliver innovative products and services by leveraging emerging technologies.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NatWest Group plc - NWG

Retrieved on: 
Monday, December 4, 2023
Bank, LLP, Financial Conduct Authority, NatWest Group, News, Pomerantz, NatWest, Nigel Farage

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of NatWest Group plc (“NatWest” or the “Bank”) (NYSE: NWG).

Key Points: 
  • NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of NatWest Group plc (“NatWest” or the “Bank”) (NYSE: NWG).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • The investigation concerns whether NatWest and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NatWest Group plc - NWG

Retrieved on: 
Monday, November 13, 2023
NYSE, Bank, LLP, NatWest, Financial Conduct Authority, Nigel Farage, NatWest Group, News, Pomerantz, Coutts

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of NatWest Group plc (“NatWest” or the “Bank”) (NYSE: NWG).

Key Points: 
  • NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of NatWest Group plc (“NatWest” or the “Bank”) (NYSE: NWG).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • The investigation concerns whether NatWest and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.