Southeast Asian banks to lose $5 bn due to digitalisation
Banks will face pressure on income from card transactions and fees, with 14.3% of their payments revenue at stake...
Tag : banking
Bahrain government epayments increase by 29% in third quarter
445, 000 financial transactions were carried out during the period which amount to $121.25 mn...
OCBC to form a new digital bank with Keppel and Validus
OCBC is planning to acquire a wholesale digital banking licence offered by Singaporean regulators...
GCC countries slash interest rates to lower loan costs
The rate cut follows the US Federal Reserve’s decision to reduce rates by 25 basis points...
Kenya’s NCBA Bank to partner with Chinese fintechs
The bank aims to boost Sino-Africa trade by facilitating financial transactions with China...
BNP Paribas and Allfunds to create wealthtech platform
BNP Paribas will receive a 22.5% stake in the wealth management company...
UOB to promote solar power among clients through U-Solar
The programme will enable businesses and individuals to connect with the bank’s solar partners for installations...
CBN objects MTN Nigeria’s USSD transactions charge
MTN is expected to start charging its customers on the directive of bankers committee...
Sharjah Islamic Bank reports 8.8% increase in profits in Q3 2019
The bank’s profits for the quarter reached Dh124.9 mn as a result of increase in total income and decrease in general expenses...
China’s ICBC lists two bonds worth $1 bn on Nasdaq Dubai
Each bond is worth $500 million—and reflect the financial and economic relationship between Dubai and China...