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Press Releases

ICC Trade Register confirms low risk profile for trade and export finance

9 February 2018 ICC Trade Register data shows that trade finance products maintain their favourable credit risk profiles compared to similar asset classes due to low default rates and relatively short time to recovery.  Expected losses have fallen or remained flat, with already low default rates dropping across most products – in line with an uptick in global GDP improving ... Read More »

ITFC and ITC Providing hands-on training to Saudis

Riyadh, Under the Partnership Agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC) a number of workshops in Riyadh and Jeddah on market analysis tools and the creation of market profiles were organized in the framework of the Aid for Trade Initiative for Arab States (AfTIAS) Program, These workshops, hosted by the Saudi Export ... Read More »

E-Payment and Internet Banking Summit 2018

The annual Electronic Payments and Internet Banking summit will be held in the Kingdom of Bahrain on 27–28 March 2018 under the chairmanship of Mr. Abdulkarim Bucheery, Chairman of the Bahrain Bourse. The summit is organized by EastMed Limited, a London-based company, in partnership with Bahrain Bourse, the Bahrain Banking Association and the Bahrain Insurance Association. In addition, many organisations ... Read More »

Kyriba Achieves 32 Percent Increase in Subscription Fees for 2017

Record Year Highlighted by Recognition as a Category Leader by IDC MarketScape, Strong Growth in North America, and 230 New Customer Logos NEW YORK, January 17, 2018 – Kyriba, the #1 global provider of cloud treasury and financial management solutions, today announced a record 32 percent year-over-year increase in global subscription fees for 2017, including a 43 percent increase in North America. Kyriba’s rapid ... Read More »

  Bank of Baroda’s new digital Supply Chain Finance solution from iGTB to open up raft of working capital opportunities for clients of all sizes

  India’s International Bank now offers its extensive client base a host of automated supply chain finance products via iGTB’s platform, aiming to reduce transaction costs and risks, as well as open up new avenues of finance as the country deals with remonetisation and its $418bn SME finance gap London (UK), January 17, 2018. Intellect Global Transaction Banking (iGTB), the ... Read More »

Bank of America Merrill Lynch Announces Enhanced Virtual Payables for North America

January 22, 2018 Providing Additional Flexibility and Control for Both Buyers and Suppliers Using API NEW YORK CITY – Bank of America Merrill Lynch (BofA Merrill) has launched an enhanced virtual card capability that uses application programming interface (API) to enable commercial purchasing clients to connect directly to the bank’s virtual card system. This streamlined and dynamic virtual card solution, ... Read More »

ITFC and ITC Providing hands-on training to Saudis

Riyadh, Under the Partnership Agreement between the International Islamic Trade Finance Corporation (ITFC) and the International Trade Center (ITC) a number of workshops in Riyadh and Jeddah on market analysis tools and the creation of market profiles were organized in the framework of the Aid for Trade Initiative for Arab States (AfTIAS) Program, These workshops, hosted by the Saudi Export ... Read More »

Lloyd’s sees rising demand for specialist insurance in Middle East

As economies in the Middle East develop the demand for more innovative and specialist insurance solutions in the region is growing, according to Lloyd’s, the world’s specialist insurance and reinsurance market. A rapidly expanding economy, a complex regional geo political landscape, huge infrastructure investments, as well as increasingly structured public private initiatives are all behind the surging demand in the ... Read More »

24th World Islamic Banking Conference to highlight how effective leverage of digital technologies is paramount to retaining competitive edge

The first day of the conference will see a key panel session comprising leading banking technology experts deliberating on the growing need for Islamic banks to re-engineer in order to address evolving customer needs in the digital era. Amwaj Islands, Kingdom of Bahrain, 22 November 2017: Middle East Global Advisors, a leading financial intelligence platform facilitating the development of knowledge-based economies ... Read More »

24th World Islamic Banking Conference announces 3rd Series of WIBC Leaderboard to promote and foster global Islamic Banking

The 3rd series of the WIBC Leaderboard will see top performing Islamic Financial Institutions from Bahrain, Bangladesh, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia vying for the WIBC Awards recognizing the Best Performing Banks at the Global, Regional and Country Level. Amwaj Islands, Kingdom of Bahrain, 31 October 2017: Committed in its vision to promote and ... Read More »

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 »

SIA LAUNCHES A NEW DIGITAL PLATFORM FOR INSTANT PAYMENTS

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 »