| |
| banking |
Dollar slips, rate cut bets ease ahead of Fed meeting
June 18, 2019
NEW YORK — US dollar was modestly lower on Monday on weak economic data, but remained near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting.
Broader currency markets were quiet, as traders hesitated to put on large positions before the Fed's two-day meeting, a meeting of European Central Bank policymakers in Portugal and the Bank of England's interest rate decision on Thursday.
'It"...
JPMorgan says importance of Bitcoin futures has been understated
June 16, 2019
Bitcoin futures may be more important than many in the market appreciate, according to JPMorgan Chase. Recent reports from cryptocurrency asset manager Bitwise and the Blockchain Transparency Institute indicate that only a small percentage of reported trading may be authentic. If only around 5 per cent of reported May trading of $725 billion (Dh2.6 trillion) is genuine, it would imply that the actual volume of Bitcoin trading on cryptocurrency exchanges"...
African Bankers Awards 2019: BH Bank awarded Best Regional Bank of 2019 for North Africa region
June 13, 2019
The Tunisian “BH Bank” financial group was awarded the Best Regional Bank of 2019 for the North Africa region, during an award ceremony of the 13th African Bankers Awards 2019, held on the occasion of the African Development Bank (AfDB)’s Annual Assembly, June 11-14 in Malabo (Equatorial Guinea). Bringing together industry leaders from Africa and the world,"...
Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments
June 7, 2019
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 for both senders and receivers. Western Union and Visa share a vision for modern money movement; this expanded service is intended to make cross border payments more reliable and efficient than ever before. Nearly $80 trillion (US) of money is sent via a wire transfer or bank account globally today2, but the process is harder and more complex than it should be. Money can take days to arrive because of outdated, multi-step, costly......
Forter Achieves $100 Billion Transaction Milestone
June 7, 2019
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 verticals. Merchants that are part of Forter’s global network—including well-known brands such as Nordstrom, leading online travel companies like Priceline, and fast-growing consumer start-ups such as AWAY Travel—benefit from the sheer......
Qatar Investment Authority Leads Over $500 Million Strategic Growth Investment in SoFi
June 5, 2019
Qatar Investment Authority (QIA) today announces that it is leading an over $500 million equity financing in SoFi, a mobile-first personal finance company, alongside existing investors and SoFi CEO, Anthony Noto. SoFi plans to use the funds to continue to invest in its rapid rate of innovation and growth, fulfilling its mission to help SoFi members achieve financial independence to realize their ambitions. The investment round values SoFi at $4.3"...
Manchester City Extends Partnership with Wega
June 5, 2019
• Manchester City and payment programme solutions provider, Wega, extend global partnership
• Partnership will continue to offer leading edge payment solutions and unique opportunities and prizes for City fans to enjoy Four-time Premier League Champions and domestic treble winners, Manchester City have announced an extension to its partnership with Wega, the Club’s Official Acoustic Contactless Secured Card Payment Partner. "...
OKEx Lists USDK, Compliant USD-Pegged Stablecoin by OKLink and Prime Trust
June 5, 2019
OKEx, a world-leading cryptocurrency exchange, today announced its new listing of USDK, a US Dollar-pegged stablecoin co-launched by its strategic partner OKLink and Prime Trust. The new stablecoin will be listed on OKEx’s fiat-to-token (C2C) trading platform against six fiat currencies – CNY, VND, GBP, RUB, EUR and TRY, and spot trading platform with 11 trading pairs as below as well. · BTC/USDK · ETC/USDK · TRX/USDK "...
Moody’s Analytics Named Category Leader in Chartis IFRS 17 Report
June 3, 2019
Moody’s Analytics, a global provider of financial intelligence, has been named a Category Leader in IFRS 17 Technology Solutions: Market and Vendor Landscape 2019, a new Chartis Research report that assesses 10 leading vendors of IFRS 17 solutions. The report evaluates the vendors on six core capabilities. Moody’s Analytics was recognized for offering “Best-in-class” capabilities in three categories (data management, reporting, and validation and model capabilities) and “Advanced” capabilities in the other three (data warehouse, insurance contract qualification, and accounting recognition). The Moody’s Analytics RiskIntegrity™ IFRS 17 platform is a cloud-enabled, out-of-the-box solution that helps insurers meet the stringent new reporting requirements of the International Financial Reporting Standard (IFRS) 17 accounting standard. Designed to......
Moody’s Analytics Wins Consensus Economics Forecast Accuracy Award
June 3, 2019
Moody’s Analytics, a global provider of financial and economic intelligence, has won the Consensus Economics 2018 Forecast Accuracy Award for the United States. To determine the winner, Consensus Economics examined forecasts for the growth in US gross domestic product (GDP) and consumer prices (CPI) in 2018 made between January 2017 and December 2018. Moody’s Analytics projections, based on its model of the global economy as overseen by Chief Economist Mark Zandi, were the most accurate. “We’re honored to earn this recognition from Consensus Economics, which reinforces our commitment to bringing clients reliable forecasts and insights,” said Cris deRitis, Deputy Chief Economist, who manages the team that maintains the forecasts. “Our clients rely on us to provide trusted economic scenarios for their strategic planning and risk management needs.” Moody’s......
|
|
|
|
|