3 October 2024
Out of about 100 banks operating in the Netherlands, the three largest banks - ING Bank, Rabobank and ABN AMRO - account for three quarters of total banking assets, with the seven next largest banks adding about 15,00%. Despite the concentration, these top 10 banks offer a wide range of products and services, catering to diverse customer needs across retail, corporate, and public sectors. In recent years, Dutch major banks have experienced significant changes, driven by economic shifts, increasing regulatory requirements, and evolving customer behaviors.
10 September 2024
In recent years, alternative financial services like e-money institutions, payment providers (e.g., those offering accounts and cards), crowdfunding platforms, and other lending companies have grown in popularity. However, traditional banks remain at the core of the retail banking industry. For over a decade, TheBanks.eu has been dedicated to making banking transparent by offering a comprehensive 360-degree view of European banking institutions, aiming to help retail customers, financial professionals, and regulators alike explore the full diversity of Europe’s banking industry.
31 August 2024
In today’s rapidly evolving financial landscape, payment institutions and e-money institutions have emerged as viable alternatives to traditional banking, offering core services such as payment accounts, cards, payment acceptance and processing, and open banking. As the demand for detailed and reliable information on these institutions grows, TheBanks.eu introduces the Payment Institutions Database.
10 July 2024
Liechtenstein is a internationally recognised financial centre which offers well established corporate legal framework, robust banking legislation and political and economical stability with minimal bureaucracy and low tax rates. Traditionally specialized in providing international private banking, asset and wealth management services, Liechtenstein banks are investing heavily in digital transformation to offer its clients tailor-made services and to optimise their internal processes paying special attention to digital assets and blockchain banking. In particular, there are four banks in Liechtenstein authorized to perform crypto-related activities.
25 June 2024
The Bosnian banking sector bears resemblance to other Balkan countries: it is relatively compact, characterized by a limited number of banks focused on domestic retail and business banking, highly concentrated, and marked by substantial foreign capital presence. While primarily serving local customers, Bosnian banks also cater to international clients and offer a range of banking services in foreign currencies. IBAN system is used in Bosnia to identify accounts, facilitating international payments.
18 June 2024
Since 2016, nine new banks have been established in Turkey: eight with domestic capital and one with Chinese capital. The influx of these new banks, especially those specializing in corporate banking, trade finance, and foreign exchange, underscores the sector's adaptability amid evolving geopolitical dynamics. Additionally, the emergence of two new digital-only banks reflects the accelerated digital transformation due to the COVID-19 pandemic and society's growing acceptance of digital solutions.
4 June 2024
Albanian banking sector exhibits characteristics typical of Eastern European countries: a relatively small size, a limited number of banks with diverse business focuses, a high degree of concentration, and a significant presence of foreign capital. While focused on domestic clientele, Albanian banks accept non-resident entities and offer banking products in foreign currencies. Albanian banks use the IBAN system to identify accounts, facilitating international payments.
17 May 2024
Mellifera proudly introduces its AI fraud detection platform, leveraging the latest advancements in artificial intelligence (AI) and machine learning (ML) to upscale fraud prevention. The platform offers precision in real-time fraud detection by analyzing complex data patterns and user behaviors, surpassing the limitations of traditional methods.
13 May 2024
CESOP, the Central Electronic System of Payment Information, mandates EU payment service providers to report cross-border payments to combat VAT fraud. Implementing the reporting increases the providers' operational costs and puts them at risk of fines for non-compliance with CESOP requirements. Therefore, effectively navigating CESOP challenges is crucial for payment service providers.
17 April 2024
In 2022, 50 top banks in Germany comprised together around 66.00 % of the country's banking assets. German banking landscape in dominated by banks with domestic capital, only 9 out of the 50 banks are foreign-controlled. Around one third of these banks are universal commercial banks, while the rest are specialized credit institutions (including savings and cooperative banks, regional development banks, building societies).
