July 8, 2020

American Express, Discover, Mastercard and Visa to Power...

E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of"...

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July 5, 2020

Mideast Stocks - Banks buoy Saudi index; other major Gulf...

The Saudi Arabian stock market rose in early trade on Sunday, buoyed by its banking shares, while other major Gulf bourses were little changed.

Saudi Arabia's benchmark index gained 0.6%, driven by a 0.5%"...

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March 10, 2020

Plan Bs will get banks thinking about costs

Goldman Sachs’ masters of the universe may be about to swap premium sushi lunches for Greggs sausage rolls. The US investment bank is based in central London but has a backup site in less glamorous Croydon, 11 miles out of town. As coronavirus starts to bite, it might have to use"...

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March 10, 2020

European Central Bank faces high expectations

Economists increasingly hope for intervention from the European Central Bank at a meeting on Thursday, expecting the institution to cushion the impact of the novel coronavirus on the already stuttering eurozone economy.
Faced with the “unknown and unprecedented risk” of"...

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March 5, 2020

Argentina recruits leading banks to help restructure debt...

BUENOS AIRES — The Argentine government recruited three major banks to guide a massive debt restructuring as the country seeks to emerge from an economic crisis, the economy ministry announced Wednesday.

The institutions designated as underwriting banks are the Bank of"...

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March 3, 2020

i2c Expands Presence in Middle East and Africa Due to High...

i2c Inc., a leading provider of payment and open banking technology, today announced it is expanding its presence in the Middle East and Africa (MEA) due to high demand in the region for its solutions. i2c partners with financial institutions, fintechs and governments using its unique i2c agile processing technology and APIs to bring innovative credit, debit, prepaid, and multi-currency solutions to market quickly. To support the growth in MEA, i2c added a General Manager position to its team and is announcing today the appointment of payments industry veteran Aurangzaib Khan to the position. Khan is based in Dubai. Prior to joining i2c, Khan......

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March 2, 2020

Jim McCarthy Joins i2c as President

i2c Inc., a leading provider of payment and open banking technology, today announced the appointment of Jim McCarthy as President of the company. Reporting to i2c CEO and founder Amir Wain, McCarthy is responsible for i2c teams working with clients, partners and prospects. He is based at i2c headquarters in Silicon Valley. McCarthy is an industry veteran with over 20 years of experience in financial services across all stakeholders in the payments and open banking industries. Most recently, he has served as a strategic consultant and advisor to many Silicon Valley fintech startups. At Visa, where McCarthy worked for eighteen years, he held senior......

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February 23, 2020

RAKBank offers free account transfers to any bank in the...

Dubai: RAKBank recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in the Philippines.

The bank’s RAKMoneyTransfer (RMT) services"...

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February 18, 2020

HSBC sets new earnings targets after 2019 profit falls 33%...

HONG KONG/LONDON: HSBC on Tuesday unveiled plans to cut $100 billion in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns.
The restructuring announcement comes against the backdrop"...

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February 17, 2020

China to quarantine old bank notes to stop spread of coronavirus...

The new coronavirus has restricted millions of Chinese people to their homes and towns, and now old bank notes are being quarantined.

The government cut off the transfer and allocation of old bank notes across"...

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