Banking Archives

Measuring growth and spotting pitfalls in the UK mortgage market

International Finance DeskJanuary 13, 2016

by International Finance DeskJanuary 13, 2016

Lenders must address the mortgage retention challenge if they are to aim for a sustainable future Damian Young January 13, 2016: Despite the Bank of England’s most recent vote against a rise in interest rates, many financial analysts remain confident that we will see a rate rise over the early stages of 2016. This confidence...

Banking

aafaq Islamic Finance launches new medical equipment financing product

International Finance DeskJanuary 6, 2016

by International Finance DeskJanuary 6, 2016

To target SME companies and complement national healthcare development goals January 12, 2016: aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has introduced a new medical equipment financing product specifically tailored for the country’s small & medium enterprise (SME) market. The fully Shari’a-compliant product will be offered to...

Oman wants to increase success rate of SMEs

International Finance DeskSeptember 15, 2015

by International Finance DeskSeptember 15, 2015

Over 50% fail within five years, which is a drag on efforts by the Gulf nation to diversify its oil & gas based economy IFM Correspondent September 15, 2015: The two-day Oman SME Summit in Muscat got off to a rousing start with a welcome speech and special address by His Highness Al Sayyid Dr. Adham...

Banking

Battling for billions

International Finance DeskJuly 30, 2015

by International Finance DeskJuly 30, 2015

New mobile payments provider Equitel heats up competition in Kenya Amoxers Wachira July 30, 2015: In Kenya, it is unbelievably easy to complete transactions using a simple mobile phone handset. Such is the success of M-Pesa, Kenya’s pioneering mobile payments platform, that the country has been thrust in the unlikely position of a global leader...

Banking

‘We set standards for the best customer experience’

International Finance DeskJuly 22, 2015

by International Finance DeskJuly 22, 2015

BankDhofar of Oman has also been a leader in terms of product innovation and creative solutions July 22, 2015 : How has the Sultanate been doing with efforts to diversify its oil-dependent economy? As part of ‘Oman Vision 2020’, there are concerted efforts to diversify the economy and reduce the dependency on oil. The specific...

Banking

Online-only banks gaining popularity

International Finance DeskJune 29, 2015

by International Finance DeskJune 29, 2015

With banks struggling to remain profitable, digital banks are disrupting the way the industry functions Suparna Goswami Bhattacharya June 29, 2015: The one industry which has gone through a sea of transformation in the last decade is the financial industry. It all started with the opening up of ATMs and the addition of online banking...

Banking

Disruptor tackles ‘closed shop’ of international payments sector

International Finance DeskJune 17, 2015

by International Finance DeskJune 17, 2015

Tuxedo Money Solutions signs up to Saxo Payments Banking Marketplace for fast international trnsactions June 17, 2015: Saxo Payments on Tuesday announced a major contract win with Tuxedo Money Solutions. The ground-breaking Saxo Payments Banking Marketplace will deliver fast cross-border transfers for Tuxedo Money Solutions and its corporate client base, in all major currencies, in...

Banking

Saxo Bank subsidiary set to shake up international transactions sector

International Finance DeskJune 5, 2015

by International Finance DeskJune 5, 2015

Saxo Payments Banking Marketplace provides a seamless conduit for bank transfers June 5, 2015 London: Global trading and investment bank, Saxo Bank, has invested in a business that is setting out to give the burgeoning FinTech sector a genuine alternative to the status quo in international payments. Established in 2013, SaxoPayments is addressing the compliance...

Banking

Saxo Bank subsidiary set to shake up international transactions sector

International Finance DeskJune 5, 2015

by International Finance DeskJune 5, 2015

Saxo Payments Banking Marketplace provides a seamless conduit for bank transfers June 5, 2015 London: Global trading and investment bank, Saxo Bank, has invested in a business that is setting out to give the burgeoning FinTech sector a genuine alternative to the status quo in international payments. Established in 2013, SaxoPayments is addressing the compliance...

Banking

‘Full ASEAN banking integration will not happen in 2015’

International Finance DeskMay 11, 2015

by International Finance DeskMay 11, 2015

The process is slow because members are not at all homogeneous, says Cedric Chehab, Head of Asia Research at BMI Research Giovanni Puglisi May 11, 2015: ASEAN members have stepped up efforts to create a single economic market by agreeing on a Banking Integration Framework, which aim is to strengthen the regional banks’ long-term competitiveness...