BANKING

June 13, 2019

African Bankers Awards 2019: BH Bank awarded Best Regional Bank of 2019 for North Africa region

The Tunisian “BH Bank” financial group was awarded the Best Regional Bank of 2019 for the North Africa region, during an award ceremony of the 13th African Bankers Awards 2019, held on the occasion of the African Development Bank (AfDB)’s Annual Assembly, June 11-14 in Malabo"...

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June 10, 2019

Sterling Bank Targets Increased Agric Financing

Sterling Bank Plc said it has committed 10 per cent of its total loan portfolio for the financing of agriculture, in recognition of the significant contribution that the sector was capable of making to the growth of the Nigerian economy.

Group"...

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June 7, 2019

Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments

Today, Visa (NYSE:V) announced a new strategic agreement with Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement. Western Union will implement Visa Direct, Visa’s real-time1 push payments platform in an effort to bring speed and transparency to the process of sending money around the world. This collaboration reinforces Visa’s commitment to modernize how payments are made around the world. Once Western Union’s implementation of Visa Direct is live, Western Union will be able to offer customers an expedited remittance service onto cards with more transparency and an enhanced user experience......

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June 7, 2019

Forter Achieves $100 Billion Transaction Milestone

Forter, the leader in e-commerce fraud prevention, today announced it has processed a record $100 billion in e-commerce transactions, a milestone no other online fraud decisioning platform has achieved to date. In turn, Forter has increased the dollar amount of processed transactions by 100 times over the past three years, and doubled the amount since January 2019 alone. By processing massive volumes of transactions, it allows Forter to have the most comprehensive view of both consumer and fraud behaviour across enterprises and industries worldwide, including luxury, travel, hospitality, on-demand services, food delivery and digital/e-commerce......

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June 5, 2019

Qatar Investment Authority Leads Over $500 Million Strategic Growth Investment in SoFi

Qatar Investment Authority (QIA) today announces that it is leading an over $500 million equity financing in SoFi, a mobile-first personal finance company, alongside existing investors and SoFi CEO, Anthony Noto.

SoFi"...

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June 5, 2019

Manchester City Extends Partnership with Wega

• Manchester City and payment programme solutions provider, Wega, extend global partnership

• Partnership will continue to offer leading edge payment solutions and unique opportunities and prizes for City fans to enjoy

Four-time"...

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June 5, 2019

OKEx Lists USDK, Compliant USD-Pegged Stablecoin by OKLink and Prime Trust

OKEx, a world-leading cryptocurrency exchange, today announced its new listing of USDK, a US Dollar-pegged stablecoin co-launched by its strategic partner OKLink and Prime Trust. The new stablecoin will be listed on OKEx’s fiat-to-token (C2C) trading platform against six fiat currencies"...

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June 4, 2019

Keystone Bank Partners Facebook to Empower Entrepreneurs

Keystone Bank Limited has again reaffirmed its commitment to providing support for the real sector as it recently partnered Facebook via its partners, Rabbington Media, to organise a capacity building training on digital marketing for its micro, small and scale medium enterprises (MSMEs)"...

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June 3, 2019

More Winners Emerge in FCMB ‘Millionaire Promo’

The first draws of season six of the First City Monument Bank (FCMB) savings reward scheme tagged ‘Millionaire Promo’ took place nationwide recently.

At the end of the draws, another set of four customers"...

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June 3, 2019

Moody’s Analytics Named Category Leader in Chartis IFRS 17 Report

Moody’s Analytics, a global provider of financial intelligence, has been named a Category Leader in IFRS 17 Technology Solutions: Market and Vendor Landscape 2019, a new Chartis Research report that assesses 10 leading vendors of IFRS 17 solutions. The report evaluates the vendors on six core capabilities. Moody’s Analytics was recognized for offering “Best-in-class” capabilities in three categories (data management, reporting, and validation and model capabilities) and “Advanced” capabilities in the other three (data warehouse, insurance contract qualification, and accounting recognition). The Moody’s......

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