Industry roundup: 15 March
by Graham Buck
Citi broadens Russian exit; Nickel prices soar; Santander launches grain-backed tokens; Jamaica offers CBDC incentive; DCash service restored
The Middle East Africa region has some of the poorest countries as well as some of the richest. In many countries, the development of the banking infrastructure is underway and basic payment…
Read moreby Graham Buck
Citi broadens Russian exit; Nickel prices soar; Santander launches grain-backed tokens; Jamaica offers CBDC incentive; DCash service restored
by Graham Buck
Russia exodus tests fund managers; VTB commodities unit winds down; IMF paper examines cash management capacity; China overhauls supply chain finance
by Graham Buck
Kuwait targets sustainable finance; US jobs market turbulence to continue; Omicron to extend chip shortage; Milestone for UAE's Al Manassah
by Graham Buck
Standard Chartered US$100m fund targets Gulf markets; Square changes name to Block; User testing starts for T2; Verto joins forces with Banking Circle
by Graham Buck
The Central Bank of Nigeria announced that the eNaira finally made its debut on Monday after missing its original 1 October launch date
by Jack Large
News in brief: BNY Mellon to cloud, crypto currencies, unlocking Africa, Contour expansion and new FX service
by Ben Poole
The oversubscribed local currency issue opens the Francophone West & Central Africa market for green bonds and real estate corporate financing.
by Ben Poole
The central bank has partnered with SWIFT to enhance cross-border payments, while Mashreq Bank has implemented Oracle's transaction banking platform.
by Ben Poole
A report from the African Export-Import Bank and partners notes that despite the outflows, opportunities exist.
by Ben Poole
At a virtual roundtable, Citi explored how digitisation has helped corporates to manage business disruption in the year of COVID-19.
by Ben Poole
The service is enabled by the region’s first KYC blockchain platform.
by Ben Poole
The hackathon is open to developers working in the financial sector across Africa to identify new solutions for cross-border payments.
by Ben Poole
The product suite includes a corporate purchase card, corporate executive T&E card and B2B virtual card.
by Ben Poole
Central Bank of Egypt agrees to formation of export credit risk company.
by Ben Poole
New portal offers enhanced and quicker services for transaction banking clients.
by Ben Poole
The platform will initially aim to improve the issuance and trading of Sukuk securities.
by Ben Poole
The platform allows the bank to offer payables finance to clients.
by Ben Poole
Implementation marks second phase of expansion for bank's Enterprise Data Platform initiative in ongoing digital transformation.
by Ben Poole
The two businesses will support the new digital trade bank based in the UAE.
by Graham Buck
The Big Four accounting group will partner in developing a standardised API interface for open banking in Nigeria
by Graham Buck
The Commercial Bank of Dubai announced an agreement with the Federal Electricity and Water Authority (Fewa)
by Graham Buck
The bank’s corporate clients will be able to deposit cash via the 150+ UAE Exchange branches located across the Emirates
by Graham Buck
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
by Graham Buck
The banking sector must accelerate the pace of innovation or risk losing the custom of corporate treasurers, fintech Finastra reports