Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them...
The UAE moved up three places to seventh position in the annual IMD World Competitiveness Ranking this year, as the Arab world’s second-largest economy continues to grow amid its diversification efforts. The country was rated highly for its business-friendly environment,...
UK regulators have ordered Barclays to review its leveraged finance business as concern grows inside the Bank of England over how lenders across the industry are measuring their exposure to the giants of private equity. The central bank’s Prudential Regulation...
Cloud-based investment data management platform Finbourne has raised £55 million. The firm says investment will fund the next phase in its commercial development, including expanding its sales, product and marketing capabilities in the US, UK, Ireland, Singapore and Australia. Established in...
Australia's central bank held interest rates steady as expected, while reiterating that it was not ruling out further increases if needed to control inflation. Wrapping up its June policy meeting, the Reserve Bank of Australia (RBA) kept rates at a...
Economy estimated expanding 2.7% this year, after growing 1.1% in 2023, according to rating agency. Fitch Ratings said Friday it affirmed Singapore's long-term foreign-currency issuer default rating at AAA with a stable outlook. The country's rating reflects "its exceptionally strong fiscal...
The banking groups have publicised plans to jointly acquire payments processing technology for card holders and merchants. BPCE and BNP Paribas this week announced their strategic partnership project to address the unprecedented development of payment infrastructures and its future prospects....
The UAE economy's growth in 2023 was stronger than the most recent estimate, driven by non-oil sector growth. The Arab world’s second-largest economy expanded by 3.6 per cent last year, compared to the 3.1 per cent estimated by the Central...
The platform integrates regulatory and climate data from corporate disclosure documents. The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) developed a blueprint for a platform integrating regulatory and climate data to aid financial authorities in...
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets. Singapore's major banks, DBS, OCBC, and UOB, have set sector-specific emissions reduction and net-zero targets for their indirect financial activities, known as Scope 3 financed (lending and investments) and...
