Finance Montréal and Frankfurt Main Finance jointly sign statement of intent to support ISSB
Today, the two financial centre initiatives signed a joint statement of intent to support the Global Baseline in Sustainability Reporting by the ISSB. Montréal and Frankfurt are both home to the ISSB’s offices.
Casablanca Finance City and FMF joint event in Casablanca
Casablanca Finance City (CFC) and Frankfurt Main Finance (FMF) collaborated, alongside the German-African Business Association, to strengthen business cooperation between the Eurozone and Africa in green and sustainable finance as well as FinTech.
AI in the financial industry
The impacts of artificial intelligence (AI) on various areas of the economy and society have been discussed for some time. Now the release of text-based bots ChatGPT and Bard has brought the conversation about the opportunities and risks of AI to a new level. The CFS took this as an opportunity to conduct a survey on the prospects of AI in the financial industry.
Contrasting sentiment among financial institutions and service providers keeps CFS Index at unchanged level
Sentiment in the financial sector has shown contrasting trends in the first quarter of 2023. However, the CFS Index, which measures the business climate of the German financial sector on a quarterly basis, remains virtually unchanged at 107.9 points, just +0.1 points up on the previous quarter. Sentiment among the financial institutions deteriorated by -4.0 points, whereas it improved by +4.2 points among the service providers.
International Financial Event Sibos comes to Frankfurt in 2025
Excellent news for Frankfurt am Main as a financial and trade fair location: one of the most important major international events in the financial sector, Sibos, consisting of a conference, exhibition and networking formats, has been won for the location.
Lessons from the banking collapse
A research team from the Leibniz Institute SAFE shows how closing a regulatory gap can prevent bank runs in the future.
DVFA Monthly Survey: Opinion on the use of ChatGPT in the financial industry
In the latest edition of the DVFA monthly question, investment professionals were asked, among other things, how relevant they consider the AI tool ChatGPT to be for their work now and in the future.
Embedding AI in banking business models
In this article, our member KPMG reports on the challenge for European banks to find a balance between a sound digital transformation and managing the expectations of regulators.
International Women’s Day: Why a higher percentage of women in tech jobs will move Europe forward
FMF member McKinsey & Company’s study, “Women in tech: The best bet to solve Europe’s talent shortage,” shows that doubling the share of women in tech jobs to 45% could boost Europe’s GDP by up to €600 billion by 2027.
Helaba Financial Center Focus: Frankfurt bank employment on a slowing upward trend
In its current Financial Center Focus, Helaba forecasts a slight increase in bank employment of around 1,000 or 1.5% to 67,200 bank employees in Frankfurt by the end of 2024.
