Banks have clearly opted for financial technology, or fintech, to take on their new rivals, be they small startups or internet giants. However, the use of these technologies is more limited than it might appear. According to a study by the European Banking Authority (EBA), currently the majority of banks are focused on two lines of actions: biometrics for the identification and authentication of customers and the launch of mobile payment systems using NFC technology.

Garanti Bank has been recognized as the “Best Bank in the Central and Eastern European Region” in this year’s edition of the Awards for Excellence organized by Euromoney, one of the world’s leading finance magazines.

Business owners have a responsibility to ensure quality services to their clients in order for their operations to thrive. For a majority of business owners, their business is what makes up most of their income and subsequently their net worth.

Stop fooling yourself: You’re not a calculator. No matter how calm and poised you think you are when making financial decisions, there is a factor you can’t do anything about: You’re human. However, banks such as BBVA can help you make the best decisions.

After the bare minimum agreement on the banking union achieved at the recently held European Council, the debate about the future of Europe continues unabated. With this agreement still fresh, the Bank of Finland invited scholars, representatives of the financial sector and regulators talk about the future of the Old Continent. The experts gathered in Helsinki called for advancing towards a greater banking and capital markets union. The next date in the calendar: The European Council meeting in December.

At its meeting on June 14, the European Central Bank (ECB) set an expiry date for the asset purchase program: December of this year. The program, which started in March 2015, is now approaching its end. It forms part of the non-standard measures that Mario Draghi's institution implemented during the toughest years of the economic crisis. What do they consist of?