Press Releases

Citi Commercial Cards commissioned an independent survey, conducted by Cardinal Consulting during December 2012 and January 2013, which sought to obtain insights into business leaders’ economic outlooks, as well as their requirements and preferences in expense management for both B2B and T&E solutions.  The survey focused on executives representing some of the world’s largest organizations, operating in Latin America, Asia …

Designed to dramatically aid ease of adoption and ensure immediate compliance to ISO 20022 SWIFT funds messages, as the migration from 150022 continues. NEW YORK, LONDON, DUBAI, MEXICO CITY, 18 November, 2013 – Volante Technologies, a global leader in the provision of innovative financial data integration tools, today launched its ‘SWIFT Funds Migration Accelerator’.  The Accelerator is designed to increase …

The super-cycle lives: Emerging Markets growth is key Updated report predicts share of emerging market economies could rise to 63% of world GDP by 2030 11 November 2013, London – Three years ago, our super-cycle report said that the world is in the midst of a third economic “super-cycle”, comparable with the periods 1870-1913 and 1946-73, which also saw unusually …

A two day Summit focused on trade financing to be hosted in Riyadh on December 10th -11th 2013  October 29, 2013: The demand for trade finance is rising in Saudi Arabia as the Kingdom’s non oil exports hit 51,536 million Riyals for the second quarter in 2013, an increase of 6.3 percent in comparison to the same period last year. The Kingdom’s imports for the second quarter of 2013 also saw an increase …

Republic of Mozambique Joins ICIEC The Republic of Mozambique has recently acceded to the membership of Aa3 rated Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of Islamic Development Bank Group. This brings the number of member countries to 41, and several other members countries from Organization Islamic Cooperation (OIC) are in the process of completing …

October 22, 2013 EastNets, a leading global provider of compliance and payments solutions for the Financial Services industry, is pleased to announce it has been named a finalist for the 2013 Global Custodian Awards for Excellence in the Compliance award category. EastNets’ suite of top ranking compliance solutions helps financial institutions meet regulatory requirements, mitigate money laundering and terrorist financing …

New Growth Opportunities for Islamic Finance in Africa to be Explored at the 2nd Annual Islamic Banking Summit Africa (IBSA 2013) More than 25 high-profile international speakers including H. E. Ismail Omar Guelleh, President of the Republic of Djibouti, to share critical insights on overcoming the challenges and capturing the growth potential for Islamic finance in Africa Djibouti, 22nd October …

OCTOBER 2013 Significant liquidity potential to be exploited in manufacturing, wholesale and logistics sectors in Central Europe, reveals Demica’s new research Significant liquidity could be released for supplier companies based in Central Europe through Supply Chain Finance (SCF), according to the latest research from Demica, a technological specialist for working capital solutions. Its new study reveals that SCF programmes could …

London, October 9th, 2013 Societe Generale announces the appointment of Benoit Desserre as head of Payments & Cash Management with the Global Transaction Banking division. He replaces Alain Grugé who has been appointed as a regional head of Societe Generale retail bank in France. Benoit Desserre reports to Christian Behaghel, head of the Global Transaction Banking division. In his new …

Statistics reveal a 23 percent increase over same period last year  UAE, October 9, 2013 – Recent statistics revealed by Dubai Smart Government show more than AED 4 billion was generated through ePay in the first nine months of 2013, which is a 23% increase, compared to the same period last year. ePay enables customers to electronically pay their bills and …

Manama, Kingdom of Bahrain: 1st October 2013: More than 250 leading players, key regulators and thought leaders in the regional Islamic insurance industry will be gathering on the 7th and 8th of October 2013 at the Gulf Hotel in Kingdom of Bahrain, for the 2nd Annual Middle East Takaful Forum (METF 2013). Held under the theme “Adapting to Change: Fresh …

Brussels –  30 September 2013 – SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, today announced that it has donated €35,300 (AED 176,500) to local charity the Dubai Foundation for Women and Children (DFWAC),as part of its activities during the company’s 35th annual Sibos Conference. A conference, exhibition and networking event organised by SWIFT …

Monday 30th September 2013 Invesco launches Global Sovereign Investor Model – a framework for understanding sovereign investor investment objectives and preferences Perceived quality of shareholder protection is a key driver of sovereign home market asset allocations in the West Latin American governments fear of ‘Dutch disease’ and have a preference for international investing Economies of UK and Continental Europe are …

Monday 30th September 2013 Invesco launches Global Sovereign Investor Model – a framework for understanding sovereign investor investment objectives and preferences Global development sovereigns expected to take lead from Asia and drive local development through international commercial partnerships Huge potential in Middle East, Asia and Emerging Markets from the shift in asset allocation towards alternatives Invesco today released its first …

September 24, 2013 BofA Merrill Global Transaction Services Clients Actively Pursue Transformation Finance Execs Hear From Walgreen Co., Get Treasury Insights Report at Conference NEW YORK – Business transformation – defined as moving to the next level of innovation, standardization and sustainable long-term growth – is underway in 74 percent of companies in attendance at a conference being hosted by …

22 September 2013 – Standard Chartered announced today the expansion of fund services capabilities from its Regional Securities Services Centre based in Dubai International Financial Centre (DIFC). These services include fund accounting and administration, compliance reporting, performance measurement and analytics, and institutional transfer agency services. Standard Chartered’s comprehensive offering provides clients with a one stop solution for all their securities services and banking needs, incorporating cash management, order execution, foreign exchange, custody and fund services. With the expansion, Standard Chartered’s fund …