Saturday , 25 November 2017
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Author Archives: admin

Successful go-live for EBA CLEARING’s instant payment system RT1

Paris, 21 November 2017 17 banks from eight countries connected to the pan-European platform today, extending SCT Inst reach to 500+ PSPs across SEPA EBA CLEARING today confirmed that its instant payment system RT1 went live this morning, on the launch date of the SEPA Instant Credit Transfer (SCT Inst) Scheme of the European Payments Council. The pan-European system has ... Read More »


As of 21 November, by using “SIA EasyWay”, banks and other payment service providers are able to manage real-time credit transfers and all SEPA payment and collection instruments With the introduction of PSD2 in January 2018, the platform will also allow financial institutions and new market players to comply with the directive and develop innovative payment services Milan, 21 November 2017 ... Read More »

Islamic innovation day forum series to commence in Bahrain for opportunities & growth in Islamic Fintech

Manama – 20 November, 2017 –  A new Islamic finance forum entitled “Islamic Finance Innovation Day” is set to take place in the Kingdom of Bahrain on 7 December 2017. The event is being held with the strategic partnership of the Bahrain Economic Development Board (EDB) and support from other industry partners including the Responsible Finance and Investment Foundation (RFI), ... Read More »

World Islamic Banking Conference announces record 24th edition in strategic partnership with the Central Bank of Bahrain

The 24th edition of WIBC, also the world’s longest running Islamic banking conference, is set to return to Bahrain this December, and will take stock of the most pressing issues affecting the global financial landscape. Amwaj Islands, Kingdom of Bahrain, 23 October 2017: Middle East Global Advisors, a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA ... Read More »

ITFC, TFO Canada and ASEPEX Award Graduates for Phase I of “Export Launchpad Senegal – Developing Trade Opportunities”

Dakar, Senegal (November 20, 2017) – Today, thirty (30) Senegalese trade officers will be awarded with certificates of participation, signaling the culmination of the phase I of the “Export Launchpad Senegal – Developing Trade Opportunities” program, a unique trade-related capacity building and Canadian market access partnership. This is a successful, fulfilling and exciting occasion for the collaboration between the International Islamic ... Read More »

AMAN UNION hosts its eighth Annual Meeting in Istanbul

ISTANBUL, NOVEMBER 03, 2017 PM of Turkey, Minister of Economy – Turkey, Ambassadors, AMAN UNION Members, Business Councils, Business People visit Istanbul to discuss Challenges and Opportunities in the Credit Insurance, Finance and Reinsurance The AMAN UNION held its eighth Annual Meeting in Istanbul, Turkey, from October 31 to November 2, 2017, hosted by the official export credit agency of ... Read More »

ICIEC & the Bangladesh bank sing MOU to promote trade and investment in Bangladesh

Dhaka, 08 November 2017 November 8th, 2017, Dhaka, Bangladesh, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), member of the Islamic Development Bank Group, and the Bangladesh Bank (The Central Bank of Bangladesh) signed a Memorandum of Understanding (MOU), which aims to boost cooperation in promoting trade and investment in Bangladesh. The MOU was signed on ... Read More »

Societe Generale celebrates 20 years in the Middle East

Dubai, 23 October 2017 Societe Generale celebrates 20 years of being in the Middle East, serving clients as a multi-specialist international bank by providing access to the Group’s worldwide capabilities in corporate and investment banking, structured finance, Islamic finance, and investor solutions that are a natural fit with the region’s needs. The bank became active from the region in 1997 ... Read More »

Bank of America Merrill Lynch Announces CashPro® Assistant

Digital Tools Take Advantage of APIs to Deliver Configurable Analytics and Enhance Service NEW YORK — Bank of America Merrill Lynch today launched CashPro® Assistant, which uses artificial intelligence and predictive analytic capabilities to help commercial and corporate clients easily access and analyze their banking information. CashPro Assistant delivers a differentiated experience for all CashPro clients. Central to the experience ... Read More »

Deutsche Bank launches first paperless import payment solution in India

Deutsche Bank today announced that it has launched the first paperless import payment solution in India with its TradePay system. Hong Kong, Mumbai, Frankfurt and London 16 October 2017 Deutsche Bank’s TradePay uses the Reserve Bank of India’s Import Data Processing and Monitoring System (IDPMS) to verify import payments by checking them against details made available by the client on ... Read More »

Arab Banks to discuss the future of the global financial sector at Sibos in Toronto

More than 400 delegates and exhibitors will represent the Arab banking and financial sector at Sibos 2017 Toronto/Dubai, 15 October – SWIFT, a member-owned cooperative and global provider of secure financial messaging services, announces today that more than 400 delegates and exhibitors from the Arab region will take part in Sibos 2017, which will be held in Toronto from 16-19 ... Read More »

SWIFT enhances reference data quality for treasurers

SWIFTRef’s new Customer Data Validation service supports corporate treasury teams by assessing and validating payments reference data Barcelona/Dubai, 11 October 2017 – SWIFT announces the availability of Customer Data Validation, a new reference data service from SWIFTRef that helps corporate treasurers validate bank master data against the most accurate and up-to-date payment reference data, available from the SWIFTRef directories. The ... Read More »

DOKA-NG Awarded SWIFT Certification for 2017

Hamburg, Germany, October 10, 2017 – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that DOKA-NG®, a back-office trade finance solution has been awarded ‘SWIFT Certified Application – Trade Finance’ for the 17th consecutive year. The SWIFT Certified program provides accreditation to companies that provide various SWIFT-related services and solutions to end customers. ... Read More »

Corporate Treasury is top target for cybercriminals

Deutsche Bank and Economist Intelligence Unit release findings of survey Corporate treasury is a top target for cyber-criminals. Treasury’s trove of personal and corporate data, its authority to make payments and mover large amounts of cash and its often complex structure make it an appealing choice for cyber criminals, a survey by the Economist Intelligence Unit and Deutsche Bank revealed. ... Read More »

DOKA-NG® Now Features Full HTML5 Support

Hamburg, Germany October 1, 2017 – Surecomp®, the leading global provider of trade finance solutions for banks and corporations, announced today that DOKA-NG®, an innovative back-office trade finance solution, now features full HTML5 support. Four Surecomp client banks are implementing the system currently; that list includes HSBC France, Zurcher Kantonalbank in Switzerland and Union Bank of Liechtenstein. “The difference is ... Read More »

The International Islamic Trade Finance Corporation (ITFC) Organizes its First Capacity Building Program to Support the Private Sector in Al Madinah Al Munawara

Under the title: International Trade and Export Strategies AL MADINAH AL MUNAWARA, Kingdom of Saudi Arabia, October 3, 2017/ — On Sunday, October 1st, 2017, and for a period of 5 days, the first series of training courses was launched in Al Madinah Al Munawara, organized by the International Islamic Trade Finance Corporation (ITFC) (, a member of the Islamic ... Read More »