Saudi Arabia generated $9 billion from its first international sukuk
Official media says it reflectsthe strong fundamentals of the Saudi economy...
Category : Finance
AFEX launches prepaid Mastercard for corporates to manage expenses, payroll and incentives
Prepaid card offers all in one corporate solution to manage employee payments...
Aegon Chooses Ohpen Platform to Modernise Savings and Investment Administration
The partnership will help millions of Aegon customers to make the most out of their wealth management...
Morgan Stanley, Barclays, HSBC pose reduced risk to global financial stability
Financial Stability Board releases list of global systemically important banks...
Ireland not keen to host high-risk trading post-Brexit
Risks and scale have prompted this cautious response from Dublin November 29, 2016: Ireland has indicated to a number of large investment banks that it would be hesitant to host large trading operations. The Irish central bank has signalled in talks with banks that they would encounter serious hurdles to gain regulatory approval for these...
‘Banks in Afghanistan want to convert difficulties into opportunities’
Interview with CEO of Azizi Bank IFM Correspondent November 28, 2016: Dr Mohammad Salem Omaid is the President and CEO of Azizi Bank. Prior to this, he has been the Deputy CEO of the bank for more than five years. Dr Omaid has been a great influencer and motivator in structuring the bank and guiding...
Sweden’s Riksbank contemplates digital currency
Could potentially develop a new payment system after seeing a substantial dip in the use of conventional currency IFM Correspondent November 22, 2016: Sweden’s central bank — Riksbank — is considering the option of using digital currency. This is mainly due to the fact there has been a drastic decrease in the use of notes...
Metro Bank launches internet banking platform
Will support fast-growing customer base and enhance users’ online experience November 22, 2016: As part of their commitment to provide consumers with innovative offerings and customer-centric banking experiences, Metro Bank launched a commercial internet banking platform marking yet another disruptive step for the challenger bank. Since its launch in 2010, Metro Bank has demonstrated an...
China and India to drive global growth in ATMs
The growth will be driven by large sections of the population that will open bank accounts for the first time IFM Correspondent November 21, 2016: Globally, the number of ATMs rose by 5% in 2015, to touch 3.2 million units by the end of the year. The majority of growth in the global ATM market...
Citi launches global API developer portal to allow open banking
IFM Correspondent The banking giant joins hands with developers and consumer brands to lead innovation November 17, 2016: American banking behemoth Citi unveiled a new global application programming interface (API) developer portal on November 10, which it says is the most comprehensive one available in today’s financial services market. The portal enables Citi to connect...