News Round

Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems company (NASDA Q:NI CE), today announced that Renaissance Capital, a major emerging markets investment bank, has fully implemented its Anti-Money Laundering (AML) and market abuse solutions to comply with strict FSA and Russian regulations and to automate, streamline and drive down the …

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced a new partnership with EastNets, a leading provider of global compliance and payments solutions and services, and one of the world’s largest SWIFT Service Bureau’s. EastNets, which has more than 1,000 customers and over 250 financial institutions on its Service Bureau, will act as a distributor for TLM OnDemand, offering …

In an update to its April economic Outlook, the international Monetary Fund (iMF) has lowered its Middle east growth forecast for 2009 by half a percentage point, as oil exporters draw on financial reserves to prop up domestic demand. The IMF has said that Middle East economies will expand by 2%, compared with 5.2% in 2008, while the growth forecast …

Keeping you up-to-date with the latest developments in the region and further afield    1.Saudi Arabia MoneyGram expands Middle  East presence with NCB ATM  remittance deal National Commercial Bank (NCB), the  largest bank in the Middle East, is to offer MoneyGram’s international money  transfer service at 1400 aTM locations  in Saudi Arabia. The agreement significantly expands  MoneyGram’s presence in the …