Banking

June 18, 2019

Banks Commit N14.5bn to Boost Agriculture Financing, Says NIRSAL Boss

The Managing Director/Chief Executive, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Mr. Aliyu Abdulhameed has disclosed that over N14.5 billion had been catalysed in additional financing from commercial banks’ balance sheets while leveraging NIRSAL’s"...

June 7, 2019

Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments

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......

June 7, 2019

Forter Achieves $100 Billion Transaction Milestone

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......

June 5, 2019

Qatar Investment Authority Leads Over $500 Million Strategic Growth Investment in SoFi

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"...

June 5, 2019

Manchester City Extends Partnership with Wega

• 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"...

June 5, 2019

OKEx Lists USDK, Compliant USD-Pegged Stablecoin by OKLink and Prime Trust

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"...

June 3, 2019

Moody’s Analytics Named Category Leader in Chartis IFRS 17 Report

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......

June 3, 2019

Moody’s Analytics Wins Consensus Economics Forecast Accuracy Award

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......

June 2, 2019

World Bank Lends MAD 500 Million to Morocco to Promote Youth Employment

The World Bank-funded project to support youth employment will run over 5 years until 2024. It aims to improve access for youth to economic opportunities in the Marrakech-Safi region of Morocco through three strategies.

First,"...

June 1, 2019

Attijariwafa Bank Affiliate Earns AFE’s Highest Traded Value Award

Rabat – Attijari Intermediation, an affiliate of AttijariWafa bank and a leading banking and financial Group in North Africa, has earned the “Highest Traded Value in the Casablanca Stock Exchange” award for the year 2018 for the fifth year in a row.

The"...