Banking and Finance FeaturedBank’s rapid payment mode brings cheers to businesses & consumersWebAdminNovember 4, 2022 by WebAdminNovember 4, 2022 In comparison to regular transfers, several banks already charge significantly more for IP transfers—up to 30 euros in some situations... Read more
Banking and Finance MagazineCash is king, but it’s not ‘cheque mate’ yetIFM CorrespondentOctober 31, 2022February 23, 2023 by IFM CorrespondentOctober 31, 2022February 23, 2023 Cheques are an outmoded and expensive holdover from the labor-intensive banking era... Read more
Banking FeaturedEmirates NBD Egypt Wins the “Fastest Growing Corporate Bank in Egypt” Award for 2021WebAdminJanuary 25, 2022 by WebAdminJanuary 25, 2022 The bank secured EGP 2.54 bn loans to finance the construction of the new ‘ZED’ project in Sheikh Zayed... Read more
Featured FintechFinAccel acquires 24% stake in Indonesia’s Bisnis InternasionalWebAdminMay 25, 2021May 25, 2021 by WebAdminMay 25, 2021May 25, 2021 FinAccel is backed by well-known investors such as Mirae Asset-Naver Asia Growth Fund, Square Peg Capital to name few... Read more
Featured FinanceHSBC rolls out multi-currency digital wallets to compete with its rivalsWebAdminMay 19, 2021 by WebAdminMay 19, 2021 HSBC is all set to launch its very own digital multi-currency wallet which will make international payments hassle-free and secure... Read more
Banking and Finance FeaturedOrient Commercial Bank digitises financial services for enhanced customer experienceInternational Finance Business DeskAugust 17, 2020August 18, 2020 by International Finance Business DeskAugust 17, 2020August 18, 2020 The bank is streamlining its products and services from traditional channels to online channels... Read more
BankingEuropean private banks see worst drop in profit since 2008Pritam BordoloiSeptember 23, 2019November 4, 2019 by Pritam BordoloiSeptember 23, 2019November 4, 2019 Reduced investor inflows, rising costs and a weakening financial market led to the profit drop... Read more
ForexChina central bank renews its support of Yuan amid disputeInternational Finance DeskAugust 27, 2018 by International Finance DeskAugust 27, 2018 The country is stepping up its efforts to stem the yuan’s rapid depreciation in a policy shift intended to fend off US criticism of Beijings weakening of its currency in the ongoing trade dispute... Read more
In the NewsBank of England’s MPC votes to increase interest ratesInternational Finance DeskAugust 6, 2018 by International Finance DeskAugust 6, 2018 This marks the second time the interest rate have been raised in the last decade... Read more
Banking FinanceThe resolution clock is ticking for European banks, says reportInternational Finance DeskJune 6, 2018 by International Finance DeskJune 6, 2018 In S&P Global Ratings' view, the EU has achieved much in a short time by strengthening its crisis management framework for the financial sector... Read more