Press Releases

Manama – 11 June 2018: Bahrain Association of Banks (BAB) today announced that it will hold its annual industry Forum on 31st October 2018 at the Gulf Hotel addressing FinTech: Opportunities & Challenges for Bahrain’s banking industry.  The forum will be under the patronage of Central Bank of Bahrain. BAB is the leading banking industry association in the Kingdom of …

Paris, 8 June 2018 Following the work started in 2017 to prototype and start developing a directory for open banking services, PRETA and a consortium of banks are widening the participation for their solution to support market actors in meeting PSD2 access-to-account provisions. Paris, 8 June 2018 – Today, PRETA announced the launch of phase 2 of its Open Banking …

Hamburg, Germany, May 30, 2018 – Surecomp®, the leading global provider of trade finance solutions for banks and corporates, hosted a successful user group conference for their clients from May 22-24, 2018 at the historic Hotel De Rome in Berlin, Germany. The two-and-a-half-day conference attracted guests from forty-five different trade finance banks and corporates across Europe. The theme of the …

Bank to revamp network and launch new digital banking solutions for retail and corporate customers Manama – 20th May 2018: NBB today announced details of the Bank’s strategy for its digital transformation, which centres on better meeting the fast-evolving needs of customers and modernising every aspect of its banking experience through the strengthening of its digital capabilities. Comprised of several …

Hamburg, Germany, May 15, 2018 – Surecomp®, the leading global provider of trade finance solutions for banks and corporates, announced today that its entire suite of trade finance and supply chain finance solutions are prepared to fully support SWIFT’s rigorous new standards. In both 2018 and 2019, SWIFT is making revolutionary changes to the standards for Letters of Credit and …

May 11, 2018  Visa launches global marketing campaign featuring football superstar to help fans defeat fear of missing out (FOMO) this summer Visa enhances match day experience for fans with innovative payment technology SAN FRANCISCO–(BUSINESS WIRE/AETOSWire)– Visa (NYSE:V), the Official Payment Services Partner of FIFA, today announced that professional footballer and face of Visa’s 2018 FIFA World Cup Russia™ global …

Frankfurt / London 7 May 2018 Deutsche Bank has today announced a pilot project with the International Air Transport Association (IATA), the trade association for the world’s airlines, to test a disruptive new payment model. Through the pilot, Deutsche Bank will look to reduce costs for processing payments between airline clients and airlines. Deutsche Bank will collect customer payments directly …

Total transaction value exceeding one billion Saudi Riyals President and Founder of Geidea: Our goal is to transition to cashless cities by modernizing financial technologies and increasing transparency in line with Vision 2030 (Riyadh/Abu Dhabi- May 7, 2018) – Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, today announced that it has …

April 16, 2018  Pilot project partnership to boost region’s contactless payment infrastructure DUBAI, United Arab Emirates–(BUSINESS WIRE/AETOSWire)– Making yet another technological leap in payments, IDEMIA, the global leader in Augmented Identity; Network International, the leading payment solutions provider in the Middle East and Africa (MEA) region, and Mastercard, a leading technology company in the global payments industry, have teamed up …

Frankfurt am Main April 17, 2018 Deutsche Bank has significantly improved payments for its clients by investing in IT and cooperating with SWIFT. International payments are executed faster, more securely, and with more transparency. This significantly eases the burden on company finance departments in particular.” This was the interim assessment of Michael Spiegel, Head of Cash Management at Deutsche Bank. …

Dr. Ben S. Bernanke addresses Bank clients Dubai, 15 April 2018 – Standard Chartered hosted its signature Corporate and Institutional Banking Clients’ event – The Middle East Summit – at Burj Al Arab hotel in Dubai. The one-day event held exclusively for Standard Chartered Bank’s clients, provided in-depth insight and analysis on the financial picture for the rest of 2018 …

The Middle East’s most dynamic summit and large scale exhibition bringing together the converging worlds of commerce, fintech, retail and payments to kick start on April 15 at Dubai World Trade Centre More than 350 exhibitors from across the globe to showcase wide range of innovative products and solutions to 10,000 attendees April 12, 2018 – Dubai, UAE: Dubai is …

MEFTECH Payments – Intercontinental Hotel, Riyadh – 9th May to 10th May 2018 April 3, 2018 – ‘MEFTECH Payments’ will take place for the first time in The Kingdom of Saudi Arabia, giving international and GCC technology providers access to the region’s largest financial market to showcase innovations, new products and industry-changing technologies for future electronic payments methods. MEFTEC Payments …

Abu Dhabi: 10 April 2018 Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the region and one of the most progressive insurers in the UAE announced its financial results for the year ended 31 December 2017. The company posted a combined net profit of AED 64.6 million for the year 2017 (for policyholders & shareholders before …

Tunis– The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a EUR 68 million Syndicated Murabaha agreement with the Government of Republic Cameroon. The Facility will be used for the purchase of crude oil and the sale thereof to the republic of Cameroon through the national refinery company (SONARA), state-owned enterprise. The …

Standard Chartered Launches G7 to E7 Trade Performance Index 30% Annual Growth Opportunity for G7 to E7 Export Trade London, Standard Chartered launches its G7 to E7 Trade Performance Index (Index), which examines the trading partnerships of the G7 with E7 (Emerging Seven) economies – Bangladesh, China, India, Indonesia, Nigeria, Pakistan and Vietnam. The UK, US and France stand to …