The financial services landscape is evolving as traditional banks are strategically adopting a digital-first mindset to redefine business lending. The rise of fintech disruptors and the demands of a tech-savvy generation are driving the digital transformation wave, reshaping lending processes, consumer expectations, and risk management strategies. The Digital Shift for Legacy Banks Rooted in tradition and conventional practices, legacy banks are recognizing the urgency to adapt to a digital-first mindset. This shift is driven by changing consumer expectations, the rise of fintech disruptors, and the need for operational efficiency. To thrive in the digital era, banks are reimagining their operations,…
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(Bloomberg) - The commencement of supply from Russia’s latest liquefied natural gas (LNG) venture will be postponed as the company has declared a force majeure on shipments due to US sanctions. This news has caused a surge in European gas prices. According to sources who wish to remain anonymous due to the confidentiality of the matter, Novatek PJSC, the leading company behind the Arctic LNG 2 project, has sent force majeure notices to some of its buyers. The US sanctions imposed on the project in November have rendered it impossible to carry out shipments at the moment. The delay in…