BANKING

April 21, 2018

Aperta Provides Electronic Funds Transfer (EFT) in Cayman Islands

(AETOS Wire)-- Once again, the Aperta Active Clearing System (ACS) has delivered the mechanism for a country to implement a world-class electronic payment processing environment to maximize a national payments system’s efficiency, effectiveness,"...

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April 19, 2018

CBL accuses high-level state officials in Libya of causing economic crisis

Central Bank of Libya (CBL) said several Libyan high-level state officials are responsible for the economic crisis in the country, accusing them of plunging the Libyan economy into more deterioration and profiting off Libyans' needs, not to mention putting pressure on the CBL to defame"...

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April 17, 2018

Libya credit cards and Turkish ATMs: A story that never ends

Since the beginning of 2017, the Central Bank of Libya (CBL) has decided to sell families 400 dollars per each member at the official rates (1.4 Libyan dinars per 1 US dollar). From that day on, the story began.

"...

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April 16, 2018

Bank of America Reports First-Quarter 2018 Financial Results

(AETOS Wire) -- Bank of America reported its first-quarter 2018 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This"...

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April 16, 2018

IDEMIA Delivers the New Metal HSBC Black Credit Card

(AETOS Wire) -- IDEMIA’s metal cards are the newest addition to HSBC’s credit card offering in the UAE. The new HSBC Black Credit Card is designed for the affluent customer segment and it features exclusive benefits including 200,000"...

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April 15, 2018

Bank Audi Selects Newgen to Drive Efficiency and Enhance Customer Experience

Bank Audi sae, one of the fastest growing banks in the Arab Republic of Egypt, has successfully transformed multiple banking processes powered by Newgen’s Business Process Management and Enterprise Content Management platforms. With an aim to become one of the leading private banks"...

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April 11, 2018

World Bank forecasts hope for South Africa’s economy

The World Bank on Tuesday forecast hope for South Africa’s economy but with warned that growth potential would remain weak without concerted efforts to reduce inequality and stimulate competition.

The bank"...

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April 8, 2018

ICD, Sub Saharan African Banks sign line of financing agreements

The Islamic Corporation for the Development of the Private sector (ICD) and Afriland First Group, Banque Islamique du Senegal, EBID, BSIC Mali and Coris Bank Mali signed a Line of financing agreements for a Euro 45 million, Euro 50 Million, Euro 25 Million, Euro 9 Million and Euro 6 Million"...

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April 7, 2018

South Africa’s Central Bank to Setup Cryptocurrency Self-Regulatory Organization

South African Reserve Bank to Explore the Feasibility of a DLT-Based System

Bridget King, Director of Banking Practice at the central bank, says the new unit will be tasked with establishing a self-regulatory"...

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April 7, 2018

Banks See Fast Pace for Mideast and Africa Deals

Asset sales from Saudi power plants and football clubs to African energy firms are set to help deliver a bumper year for deals in the region.
Investment banks expect the pace of transactions in the Middle East and Africa to gain momentum after a busy first quarter. Mergers and initial"...

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