BankingFeaturedHow Commercial Bank put an end to banking woesInternational Finance Business DeskDecember 7, 2020December 9, 2020 by International Finance Business DeskDecember 7, 2020December 9, 2020 In response to the pandemic, the bank has introduced CB Pay with tokenisation capabilities for swift contactless payments... Read more
BankingFeaturedSingapore grants digital banking licence to four firmsPritam BordoloiDecember 7, 2020 by Pritam BordoloiDecember 7, 2020 The four firms are Ant Group, Grab-Singtel, internet giant Sea and a consortium of Greenland Financial... Read more
BankingFeaturedWorldRemit lowers rates for international transfers in African corridorsInternational Finance Business DeskDecember 2, 2020 by International Finance Business DeskDecember 2, 2020 The company has noticed an uptick in new customers using its remittance platform in the last few months... Read more
BankingFeaturedUAE banks’ assets increase by 7.6% y-o-y in September-endPritam BordoloiNovember 30, 2020 by Pritam BordoloiNovember 30, 2020 When compared quarterly, assets increased by 2 percent to reach Dh3.253 tn... Read more
BankingFeaturedKCB’s stake acquisition in Tanzania, Rwanda will uplift its rankingInternational Finance Business DeskNovember 27, 2020 by International Finance Business DeskNovember 27, 2020 The bank will acquire Banque Populaire du Rwanda and the African Banking Corporation Tanzania... Read more
BankingFeaturedClearBank to provide secure infrastructure for top crypto exchangeInternational Finance Business DeskNovember 24, 2020 by International Finance Business DeskNovember 24, 2020 Through a single API integration, the bank will provide dedicated account numbers, sort codes and direct access to payment rails... Read more
BankingFeaturedBritish banks prepare for negative interest ratesInternational Finance Business DeskNovember 17, 2020 by International Finance Business DeskNovember 17, 2020 For now, the the central bank has avoided falling into negative interest rates; former governor urges people to stash money at home... Read more
BankingFeaturedNigerian banks suffer liquidity window drop: CBKInternational Finance Business DeskNovember 10, 2020 by International Finance Business DeskNovember 10, 2020 The average daily deposit dropped to N48.32 billion in 251 transaction days last year... Read more
BankingFeaturedEmirates NBD Egypt is leading in trade finance and cash managementWebAdminNovember 9, 2020 by WebAdminNovember 9, 2020 The bank seeks to become a major player in financing new projects and development initiatives... Read more
BankingFeaturedAlfa Bank is Russia’s first to join Contour trade finance networkInternational Finance Business DeskNovember 3, 2020 by International Finance Business DeskNovember 3, 2020 The network interconnects trade companies and banks for a reliable and transparent process of drafting, issuing and advising letters of credit... Read more