Berlin based payment service for Deutsche Bank
Deutsche Bank in Germany has announced that it has acquired Berlin-based payment service provider Better Payment for an undisclosed amount. This deal is expected to help Deutsche Bank in expanding its market share in the online payment processing market. According to press reports, Deutsche Bank will integrate Better Payment’s technical solutions. Kilian Thalhammer is the […]
Electronic trading platform launched by National Bank of Fujairah
UAE-based National Bank of Fujairah (NBF) has launched its new electronic trading platform NBFX. Now, their customers can carry out financial transactions beyond the bank’s working hours and across all time zones. NBFX is available for both of National Bank of Fujairah’s conventional and Shariah-compliant banking customers. The chief executive of NBF Vince Cook told […]
Cross border wire transfers risks exposed
Nowadays, business is dominated by e-commerce and purchasing habits are trending more towards digital platforms. As per the 2018 report, a total of $423 million was lost in wire transfer scams. In 2020 the Federal Trade Commission (FTC) received more than 2.2 million reports regarding fraud. This shows that the online crime trends will only continue […]
Mobility in T&L sector will be improved by effective integration
Many global industry leaders believes that mobile-first technologies will be critical to the delivery process in the next five years. To keep their expansion plans on track, the focus for transportation and logistics (T&L) organisations needs to be on integration of new and existing systems. A recent global research report by SOTI, interviewed 550 IT […]
Top stay in transactions and credits
Corporate treasury departments have been under a lot of pressure. The department is expected to keep companies running with smooth, stable access to credit facilities with banks and insurance providers. And also, there is extreme pressure from audit committees, shareholders and chief financial officers. But it is more difficult for treasuries to continue to use […]
One month high-Dollar, Evergrande risks
The dollar held below a near one-month high. This is because the investors focused on two key risks. One is the Chinese property developer Evergrande and the other one expected pace of U.S. monetary policy tightening. The dollar index stood at 93.226 in early Asian trade. The euro changed hands at $1.1725. The common currency […]
Sink in World shares, because of Evergrande
World stocks sold off while safe-haven assets gained as troubles at property group China Evergrande fed concerns about spillover risks to the economy. In the upcoming Central bank meetings, this sparks a fresh investor worry. MSCI’s gauge of stocks across the globe shed 1.63%. And then, the Wall Street’s benchmark S&P 500 sagged 1.7% and […]
As Evergrande-led selloff eases, Bitcoin attempts recovery
Cryptocurrency prices bounced off 1-1/2 month lows. This is because a heavy selloff overnight linked to concerns about a possible loan default by property developer China Evergrande eased slightly. Bitcoin is the biggest and the best-known cryptocurrency. It traded around $43,000, recovering from a fall to $40,192 earlier in the session. Smaller rival ether, the […]
JPMorgan takes on British rivals
JPMorgan is challenging British rivals on their home turf. They have launched the long-awaited digital retail bank, Chase. This is as a part of the U.S. lender global expansion. The launch marks the first foray into retail banking outside North America. There is great pressure on British incumbents such as Lloyds, Barclays, NatWest and HSBC. […]
Equities boom drives the franc, Swiss bank stands by
Stock market flows and overseas investment returns are emerging. This is because of the major drives for Switzerland’s currency in a shift. The Swiss National Bank (SNB) has intervened to prevent excessive franc appreciation. Last month as the franc rose to a nine-month high against the euro of 1.0694, there was no significant increase in […]