News Agencies Feed

banking

Jun 22

Bank Audi to manage electronic trading platform

Bank Audi to manage electronic trading platform

The Capital Markets Authority (CMA) has granted a license to Bank Audi Group and the Athens Stock Exchange (ATHEX) to set up and operate an electronic trading platform (ETP), said Riad Salameh, Governor of the Central Bank and Chairman of the CMA.

Firas Safieddine, Vice Chairman"...

Continue Reading >>

Jun 20

Legerity FastPost Helps Leading Life Insurer to Automate New Financial Reporting and Disclosures Process

Legerity FastPost Helps Leading Life Insurer to Automate New Financial Reporting and Disclosures Process

Aegon UK, a leading savings, protection and investment service provider has selected Legerity Limited’s FastPost IFRS 17 solution to help it transition to the new International Financial Reporting Standard (IFRS 17). The new standard takes effect from January 2022 and is one of the"...

Continue Reading >>

Jun 20

Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC Functionality

Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Bank ABC, the MENA (Middle East and North Africa) region’s leading international bank. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Bank ABC plans to launch one of the region’s first digital banks and has invested in establishing digitised operations......

Continue Reading >>

Jun 19

An analysis for 2013-2018

An analysis for 2013-2018

Banks included in Bankdata’s classification for alpha and beta banks with deposits respectively exceeding $2 billion and $0.5 billion are regarded by many international analysts and local banking industry observers to represent the top tiers within the Lebanese banking sector of 59"...

Continue Reading >>

Jun 19

Amex looks for single-digit revenue growth in the Middle East on credit card spending boost

Amex looks for single-digit revenue growth in the Middle East on credit card spending boost

American Express, the US financial services and credit card firm, is targeting single-digit revenue growth in the Middle East this year, as it boosts its number of merchant partnerships and launches new products and services amid higher consumer spending.

“The"...

Continue Reading >>

Jun 19

Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World

Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments World

Visa (NYSE: V) today announced global adoption of its sensory branding suite in 25 countries via more than a dozen new partnerships. The suite is comprised of sound, animation and haptic brand cues that occur with a Visa payment transaction. In a digital world increasingly filled with voice-commands, networked appliances and unattended retail environments, Visa’s sensory branding cues offer new ways to enhance the customer experience and convey the trust and security that the Visa brand represents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005240/en/ Visa was the......

Continue Reading >>

Jun 16

Banks are promoting digital solutions to cut costs

Banks are promoting digital solutions to cut costs

The banks are increasingly adopting digital solutions in order to reduce their costs and attract a growing market segment of technology-savvy customers, according to ‘Smartphones are reshaping banking’, an article published in the June issue of Lebanon Opportunities.
...

Continue Reading >>

Jun 09

Lebanon’s private sector deteriorates in May on fiscal uncertainty

Lebanon’s private sector deteriorates in May on fiscal uncertainty

Conditions in Lebanon’s private sector economy deteriorated in May as company output dropped amid ever-slowing national growth, according to a survey.

The Blom Lebanon Purchasing Managers' Index (PMI)"...

Continue Reading >>

Jun 07

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

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......

Continue Reading >>

Jun 07

Forter Achieves $100 Billion Transaction Milestone

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......

Continue Reading >>