Category: Offshore Banks
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HSBC launches Digital Receivables Finance capability
Digital application process slashes approval times from months to days LONDON, Oct. 19, 2022 /PRNewswire/ — HSBC has cut the approval process for new Digital Receivables Finance (RF) customers from one to two months to under 48 hours, using a new technology platform. Using the new online application journey, co-created with Trade Ledger, with a few clicks…
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Chaos in the markets: Bank of England takes emergency measures
The UK faces the threat of significant long-term financial instability unless the Bank of England and the UK government work together on a long-term plan to calm markets, warns the CEO of one of the world’s largest financial advisory organizations. The stark warning from Nigel Green of deVere Group comes as the central bank on…
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Canada’s national bill and tax payment infrastructure operated by Dye & Durham remains unaffected by today’s network outages
TORONTO, July 8, 2022 /PRNewswire/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”), a leading provider of cloud-based efficient workflow software for legal and business professionals, announced today its online payment platform remains fully operational and unaffected by the wireless and internet service outages being reported across the country. Dye & Durham’s national…
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Issuing IDR 5 Billion Green Bond, BRI Reaffirmed as Market Leader of ESG Companies in Indonesia
JAKARTA, Indonesia, June 29, 2022 /PRNewswire/ — Bank BRI (IDX: BBRI) has reaffirmed its commitment to sustainable financing in Indonesia by issuing the Sustainable Environmental Bonds (Green Bond) I Phase I Year 2022, targeting to raise IDR 15 billion and a total issuance of IDR 5 billion for ESG (Environment, Social, and Governance) activities. The fund will be used in accordance with POJK 60/2017 concerning…
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Digital cross-border payment leader PingPong deepens its partnership with JCB
To date, the fintech specialized in cross-border payment has established direct partnerships with all six leading credit card schemes. HONG KONG, June 20, 2022 /PRNewswire/ — PingPong, a leading digital cross-border payment provider, recently entered into a direct partnership with JCB, whereby its Hong Kong-based merchants will be able to receive online payments from JCB cardholders worldwide. With this…
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Compliance Strategy Fundamental to BaaS says Vlad Lounegov of Mbanq
LONDON, UK, June 1, 2022 /EINPresswire.com/ — Implementing the most robust compliance strategies, as well as choosing the right technology partner, are key differentiators that make FinTechs successful, says Vlad Lounegov, CEO of Banking-as-a-Service (BaaS) provider, Mbanq. Speaking to an audience of 1,600 banking and FinTech leaders at the Temenos Community Forum in London, he explained, “Successfully meeting…
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Diamanti Helps Italy’s Largest Bank with Its Digital Transformation
Italy’s largest bank, Intesa Sanpaolo saves 48% on server nodes, slashes data center footprint SAN JOSE, CA, UNITED STATES, May 27, 2022 /EINPresswire.com/ — Italy’s largest bank, Intesa Sanpaolo, tapped Diamanti’s best-in-class Kubernetes appliance and their mutual partner, Intel, with its Fusion I/O technology, to spearhead the bank’s digital transformation. With Diamanti’s turn-key Kubernetes solutions, organizations…
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Ukraine House Davos to Open May 23 – 25 in Switzerland
KYIV, Ukraine, May 21, 2022 /PRNewswire/ — President of Ukraine Volodymyr Zelenskyy and First Lady Olena Zelenska will headline this year’s Ukraine House Davos alongside the World Economic Forum’s annual meeting next week, appearing virtually from Ukraine. The First Couple will be joined by government officials and global policy makers, humanitarian activists and international economists, business leaders, journalists, and supporters of a…
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OPay and Mastercard announce strategic partnership to grow cashless ecosystem and advance digital financial inclusion for millions
CAIRO, Egypt, May 18, 2022 /PRNewswire/ — Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers and merchants in the region – including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE – to engage with…