Monday, Jun 22, 2026

International Finance

Category : Banking

Banking

Anti-money laundering requirements: are the stakes increasing?

International Finance Desk
by International Finance Desk
Sophisticated techniques for detection of suspicious activity require someone with a level of knowledge and understanding — more than just ‘an analytics person’ Colin Bristow March 17, 2017: Part 504 of the US Department of Financial Services Superintendent’s Regulations seems to be significantly upping the requirements for firms to put in place an ongoing review...
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Banking

US Fed raises interest rate: Three questions investors need to ask themselves

International Finance Desk
by International Finance Desk
Hike by the world’s de facto central bank confirms that we’re in a new era of higher inflation and higher interest rates Nigel Green March 16, 2017: The US Federal Reserve raised interest rates for the second time in three months on Wednesday. It was prompted to do so by strong jobs data, and forecasts...
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Banking

Challenges for Islamic finance in the USA

International Finance Desk
by International Finance Desk
The biggest challenge is the First Amendment of the US Constitution Camille Paldi  March 14, 2017: With proper regulation, legislation, and dispute resolution, Islamic finance, sukuk (Islamic bond) and takaful (Islamic insurance) have tremendous possibilities in the United States at this moment in time. Modes of Islamic finance, including musharakah, mudharabah, murabahah, tawarruq, salam, and istisna’a, can enhance the capitalist performance of...
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Banking

Deutsche Bank fined for laundering $10 billion for Russians

International Finance Desk
by International Finance Desk
The German bank has been hit with a $629 million penalty in the US and UK IFM Correspondent February 1, 2017: Germany’s Deutsche Bank has been hit with a $629 million penalty in the US and UK over a $10 billion money laundering scheme that involved its branches in Moscow, New York and London. The...
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Banking

Hellenic Bank selects Backbase to upgrade its digital banking offering

International Finance Desk
by International Finance Desk
Backbase was chosen for its expertise in helping financial institutions embark on their digital transformation by enhancing the omni-channel customer experience February 1, 2017: Hellenic Bank, the second largest bank in Cyprus, has chosen Backbase, the market leader in omni-channel digital banking, to provide the architecture for its next iteration of banking systems. Hellenic Bank...
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Banking

Ohpen gets FCA authorisation to operate in the UK

International Finance Desk
by International Finance Desk
The Dutch fintech and outsourcing provider is aiming to challenge incumbents February 1, 2017: Ohpen has gained approval from the Financial Conduct Authority (FCA) to carry out its regulated activities in the United Kingdom (UK). The approval enables Ohpen to provide its software and outsourcing services to asset managers, banks and insurance companies in the...
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Banking

Payments industry expert leaves RBS to Join Chargebacks911

International Finance Desk
by International Finance Desk
Tracy Cray parlays 34 years of banking expertise into new and unparalleled chargeback mitigation services for Chargebacks911 January 31, 2017: Chargebacks911™, a global risk technologies company and an internationally-renowned leader for risk mitigation, announces the appointment of Tracy Cray as Director of Card Scheme Compliance at Chargebacks911’s new Essex location. Tracy Cray, former Chargebacks &...
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Banking

Banco Santander’s Q4 profit rose to 1.6 billion euros

International Finance Desk
by International Finance Desk
For 2016, Spain’s biggest bank reported net profit of 6.2 billion euros IFM Correspondent January 27, 2017: Banco Santander SA said fourth quarter profit rose to 1.6 billion euros on lower provisions for bad loans and higher income from fees and from its business in Brazil. Spain’s biggest bank boasted a 4 percent rise in...
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Banking

Deutsche Bank completes $7.2 billion deal to settle US claims

International Finance Desk
by International Finance Desk
Was charged with misleading investors on mortgage securities it sold before the 2008 financial crisis IFM Correspondent January 20, 2017: Deutsche Bank AG completed a $7.2 billion deal to resolve US claims that it misled investors on mortgage securities it sold before the 2008 financial crisis, authorities said on January 17. “This resolution holds Deutsche...
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