Banking

September 22, 2017

Triaconta Announces a New Safe Way to Invest in Cryptocurrencies

(AETOS Wire)-- Triaconta wants to minimize the risks of investing in cryptocurrencies with Combicoin to make the cryptocurrency market accessible for a larger audience. CombiCoin is 100% asset backed by the top 30 cryptocurrencies with the highest market cap. Because of this the CombiCoin will not suddenly plunge and investors will have less risks when there are major fluctuations. There are over 1000 cryptocurrencies on the market and together they represent a value of 130 billion USD. However, all these coins are very volatile. For example,......

September 21, 2017

OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODETM Dynamic CVV2 in China

High-tech powered card with dynamic security code (CVV2) that changes automatically every hour, displayed on embedded mini-screen
A solution with no impact on cardholder journey for safer online transactions: if stolen, this dynamic data becomes rapidly unusable
CMBC is the first bank to launch MOTION CODETM in Asia, featured on...

September 21, 2017

The Listing of Money Trade Coin on Cryptocurrency Exchange and the Rising Promise of a New Era in Dubai

MONEY TRADE COIN, the new age cryptocurrency, dazzled its investors’ expectations by listing on NovaExchange. Immediate trading began post the launch by Money Trade Coin’s founder and CEO,"...

September 20, 2017

Morocco's Attijariwafa Sees Egypt Unit as Major Driver of Growth

Attijariwafa Bank, Morocco’s biggest lender, expects its recently acquired Egyptian unit to be the company’s major driver of growth in coming years and is planning to expand its operations by adding new branches and hiring"...

September 14, 2017

Citigroup Appoints Taoufik Rabbaa as Head of Citibank Maghreb

Citigroup announced on Tuesday that Taoufik Rabbaa, the managing head of its North Africa treasury, will head its local branch, Citibank Maghreb.

Rabbaa’s appointment as CEO of Citigroup Maghreb crowns his"...

September 11, 2017

TSYS Signs PRIME(SM) Agreement with Mashreq Bank in Dubai

TSYS (NYSE: TSS) announced today that it has signed a software licensing and services agreement with UAE leading financial institution, Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform — and surrounding modules and services —"...

September 6, 2017

Japanese Sumitomo Corporation Partners with Attijariwafa Bank for ‘Major Operations’ in Africa

Attijariwafa Bank and Sumitomo Corporation Europe Limited, a subsidiary of the Japanese conglomerate Sumitomo Corporation, signed a Memorandum of Understanding on July 26 to develop a long-term partnership for large-scale operations in Africa.

Signed"...

September 5, 2017

Moroccan Investment Bank Offers USD 100 Million for Sound Energy Tendrara Pipeline

The British oil and gas company Sound Energy PLC announced this Monday that it has received a financing proposal for its Tendrara gas export pipeline in eastern Morocco from the Advisory & Finance Group Investment Bank (AFG).

In"...

September 4, 2017

Ratings of BMCI Bank Morocco Affirmed

The Financial Strength Rating (FSR) is affirmed at ‘BBB-’. The rating is supported by a solid level of capitalisation, adequate loan-loss provisioning, and reasonable profitability at the operating level. The rating is constrained by a high level of non-performing loans (NPLs),"...

August 31, 2017

International General Insurance Holdings Limited posts rising GWP for H1 2017 and growth in key lines of business

International General Insurance Holdings Limited today reported earnings for the first half 2017 year.

The Group announced gross written premiums of $138.1 million for the first half of 2017 as compared to $126.8"...