Friday, Dec 5, 2025

International Finance

Category : Banking

Banking

MyCheck introduces MyWallet SDK

International Finance Desk
by International Finance Desk
This will help in secure integration of payment in mobile apps and websites March 11, 2016: MyCheck, a leading mobile payment technology platform, announced a new innovative fintech product called the MyWallet SDK that allows developers to enable the secure and convenient management of multiple payment methods across various native apps and websites with a...
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Banking

Al Masraf profits increase by 11% in 2015

International Finance Desk
by International Finance Desk
Profit increase encourages bank to develop more attractive products March 8, 2016: The Arab Bank for Investment and Foreign Trade (Al Masraf) recorded a net profit of AED 405 million in 2015—reflecting a growth of 11 per cent as compared to the AED 366 million profit it posted in 2014. The company’s operating profit also...
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Banking

BoK may keep policy rate on hold

International Finance Desk
by International Finance Desk
Change of board members in April 2016 may have been a factor behind the move IFM Correspondent March 7, 2016: Bank of Korea (BoK), the central bank of South Korea, is likely to keep its policy rate on hold when it meets on March 10 despite the economy being weak with January posting slower than...
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Banking

Moody’s analytics launches UK mortgage portfolio analyser

International Finance Desk
by International Finance Desk
Will help assess credit risk in portfolios of residential mortgages May 6, 2016: Moody’s Analytics, a leader in risk measurement and management, announced the launch of UK Mortgage Portfolio Analyzer (UK-MPA), an innovative, customisable tool to help assess and manage credit risk in portfolios of residential mortgages originated in the United Kingdom. UK-MPA provides powerful...
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Banking

S-Bank takes fuelling mobile

International Finance Desk
by International Finance Desk
The Finnish based bank launches fuelling feature to its app February 23, 2016: Finnish-based S-Bank is set on making everyday life easier by bringing a new mobile fuelling feature to its award-winning S-Mobile iPhone app. The unique service now combines mobile fuelling with mobile banking, a retail customer loyalty programme and targeted customer coupons. Mobile...
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Banking

About what’s next in banking

International Finance Desk
by International Finance Desk
Global banks woo startups to avoid being left behind by innovation Tom Jackson February 22, 2016: “Traditional bank-to-bank competition is not the issue. This new wave of competition is coming from both nimble, innovative, cloud- and mobile-first startups, as well as the major technology players largely unencumbered by policy and regulation,” says David Lynch, managing...
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Banking

Materialising the concept of ‘Insurance for Everyone’

International Finance Desk
by International Finance Desk
The insurance penetration in Bangladesh is less than 1%, which shows the current scenario of the market February 15, 2016: The insurance industry in Bangladesh is considered to be an untapped sector. It has one of the lowest insurance penetrations in the world (around 1%). While some choose to be pessimistic about it, insurance experts...
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Banking

BisB rights offer 100% subscribed

International Finance Desk
by International Finance Desk
Message from bank CEO Hassan Amin Jarrar February 11, 2016: Bahrain Islamic Bank (BisB) announced the final result of the subscription in the capital increase offered during the period from 15th November to 29th November 2015 with 100% being subscribed. Total number of shares offered for the existing shareholders was 170,940,171 ordinary shares. Total shares subscribed were...
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Banking

Grupo Aval — Central America’s largest financial conglomerate

International Finance Desk
by International Finance Desk
Operates in 12 countries, serves more than 13 million banking customers, consolidates more than $68 billion in assets and has over $128 billion in assets under management February 8, 2016: Grupo Aval is Colombia and Central America’s largest financial conglomerate; it operates in 12 countries, serving more than 13 million banking customers and 11 million...
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Banking

Why digital wallets are a hit in China, India

International Finance Desk
by International Finance Desk
The reason is the huge proportion of the population that does not have a bank account IFM Correspondent January 31, 2016: Consumers around the world are increasingly using mobile phones to make online payments. This is helped by the increase in the number of people using smartphones. According to Statista, the overall number of mobile...
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