Press Releases

New name reflects solution focus and cross-vertical client set as the company positions itself for the next phase of growth DUBAI – 16 September, 2013 – Accuity was unveiled today as the new brand of legacy organisation BankersAccuity, owned by Reed Business Information and part of Reed Elsevier. Headquartered in Chicago, Accuity is a global organisation that supports financial services …

helping clients reach out to Asia As part of Lloyds Banking Group’s commitment to support UK trade flows we are pleased to announce a partnership with Standard Chartered Bank which will enhance the experience for clients importing from Asia. Utilising Standard Chartered’s on the ground capabilities will enable Lloyds Bank to directly issue import letters of credit locally in 20 …

Standard Chartered Participates at SIBOS 2013 in Dubai The impact of West to East shift in trade growth an overarching theme of client conversations Highlights: Emerging markets trade corridors to constitute 40% of Global trade by 2030 Working Capital efficiency increasing critical to treasury management in volatile markets  The RMB is now a mainstream currency; trade settlement in RMB forecasted …

Temenos announces launch of ground breaking payments hub TPS to provide true product flexibility in real-time around centralised infrastructure GENEVA, Switzerland – 11 September 2013 – Temenos (SIX: TEMN), the market leading provider of mission critical solutions to the financial services industry, today heralds a new dawn in global payments processing with the launch of its new payments hub, Temenos Payment …

EastNets to focus on FATCA and Single Euro Payment Area at Sibos 2013  September 11, 2013 EastNets, a leading global provider of compliance and payments solutions and services, has revealed that it will be conducting two key sessions during this year’s Sibos, the world’s premier financial services event running from September 16 to 19, 2013 at the Dubai World Trade …

Brussels and Dubai, 11 September 2013 – The Dubai Commodities Clearing Corporation (DCCC) has become the first central counterparty (CCP) in the Middle East to join Euroclear’s global Collateral Highway. The DCCC guarantees settlement for all trades executed on the Dubai Gold & Commodities Exchange (DGCX), which is supported by a system of initial and variation margins. Scheduled for full …

Clearstream Services IT and EastNets join forces to offer SEPA in SaaS mode September 10, 2013 Clearstream Services IT, the leading provider for IT Managed Services and on-demand financial solutions, has joined forces with EastNets, the leading global provider of compliance and payment solutions for the financial industry, to offer a Single Euro Payments Area (SEPA) solution in SaaS mode. …

Misys tops five categories in Asia Risk Technology Rankings 2013 Misys shows leading capability in providing trading and risk management solutions to its Asia Pacific clients  10 September 2013 – Misys, the global application software and services company, is pleased to announce that it has won first position in five categories in the Asia Risk Technology Rankings 2013. Misys topped …

9 September 2013 At their meeting in Basel today, the central bank governors of the Global Economy Meeting (GEM)[1]appointed Benoît Cœuré as Chairman of the Committee on Payment and Settlement Systems (CPSS). Mr Cœuré is a member of the Executive Board of the European Central Bank (ECB). The CPSS is a central bank forum that contributes to strengthening financial markets by promoting …

Al Hilal Bank becomes the only Islamic bank in the UAE to be rated A1 by Moody’s & A+ by Fitch Global credit rating agencies extended progressive Islamic bank stable long-term outlook September 09, 2013 Al Hilal Bank has announced that it has been awarded an A1 rating by Moody’s and an A+ by Fitch, the highest ratings awarded to …

Industry Veterans Partner to Launch Trade Finance Advisory Practice: Trade Finance Associates, Singapore www.tradefinanceassociates.com Four veterans of the trade finance business have partnered to establish and launch Trade Finance Associates (TFA), headquartered in Singapore, and operating with a global mandate. Olivier Berthier, Maninder Bhandari, Alexander Malaket and Philip Simpson have partnered to establish TFA as a full-service consultancy focused exclusively …

15 August 2013, Singapore – Standard Chartered has created an RMB Solutions team that is responsible for delivering bespoke client solutions to help them best capture opportunities arising from the internationalisation of the RMB. The team consists of Carmen Ling, Global Head, RMB Solutions, Origination and Client Coverage; Caroline Owen, Regional Head of RMB Solutions, Americas; Alexandra Gropp, Regional Head …

INR futures sets new monthly volume record of 1,252,965 contracts Trading volumes in July up 55% year-on-year  Year-to-date volumes rise 91% Dubai, August 14, 2013: Dubai Gold and Commodities Exchange (DGCX) recorded a robust month of trading activity  with total trade value of  US$ 44.68.  July volumes registered a significant growth of 55% over the same period last year. DGCX’s …

Hong Kong, Taiwan, Singapore and Korea are more affected by China, rather than US, linkages India, the Philippines, Indonesia, and Thailand are more exposed to the US We examine the linkages via overall growth, and the trade, tourism and FDI channels US versus China – Who matters more? The news flow since May 2013 has hit growth expectations around the …

Deutsche Bank today announced the launch of the Financial Supply Chain Manager on its award-winning Autobahn App Market. The Financial Supply Chain Manager is an App with multi-currency and multilingual capabilities that enables clients to access receivables finance and supplier finance solutions via one central access point. Deutsche Bank’s financial supply chain solutions provide financing opportunities and value-added services for …

Supporting Trade and Investment in Member Countries ICIEC and The Bangladesh Bank sign an MOU July 30, 2013, Dhaka Bangladesh. The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of the Islamic Development Bank Group and the Bangladesh Bank ( The Central Bank of Bangladesh) signed a Memorandum of Understanding (MOU) aims to boost cooperation in …