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BANKING

Bank of America Reports Second-Quarter 2019 Financial ResultsJuly 18, 2019

Bank of America reported its second-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005354/en/

Central bank sets cap for e-transfer fee within KingdomJuly 8, 2019

Amman, July 7 (Petra) -- The Central Bank of Jordan (CBJ) on Sunday issued instructions to banks operating in the Kingdom setting a ceiling for the fee they collect for e-transfers conducted inside the Kingdom whether under the RTGS or AACH systems.

In a statement, the CBJ said that the new instructions give preferential fee rates to e-transfers compared to over-the-counter transfers. It said the move is part of the bank's broader drive to encourage the more safe and secure e-banking solutions and push towards"...

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PM, World Bank official review mega projectsJune 24, 2019

AMMAN — Prime Minister Omar Razzaz on Sunday received Merza Hasan, executive director and dean of the board of executive directors at the World Bank Group (WBG).

The premier expressed his keenness to bolster partnerships and cooperation with the WBG and the duo reviewed a series of mega projects in vital sectors including transportation, energy and water to drum up support for implementing them.

'In"...

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Legerity FastPost Helps Leading Life Insurer to Automate New Financial Reporting and Disclosures ProcessJune 20, 2019

Aegon UK, a leading savings, protection and investment service provider has selected Legerity Limited’s FastPost IFRS 17 solution to help it transition to the new International Financial Reporting Standard (IFRS 17). The new standard takes effect from January 2022 and is one of the most significant changes to accounting in the insurance sector in years,

Legerity will provide Aegon UK with its third generation FastPost Accounting Rules and"...

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Bank ABC Partners with Jumio to Become First Bank in the Middle East to Employ Biometric-Based Digital KYC FunctionalityJune 20, 2019

Jumio, the leading AI-powered trusted identity as a service provider, today announced a partnership with Bank ABC, the MENA (Middle East and North Africa) region’s leading international bank. The partnership enables Bank ABC’s new mobile-only bank to compliantly onboard new individual customers using Jumio’s biometric-based identity verification solution. Based in Bahrain, Bank ABC currently serves customers on five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Bank ABC plans to launch one of the region’s first digital banks and has invested in establishing digitised operations including a fully digital KYC capability. Simplifying and streamlining the onboarding process is central to these efforts. Traditionally, it takes consumers one to two weeks to create a new account and requires them to visit a local branch in person to complete the account set-up process. “Bank ABC is committed to leveraging the benefits of AI technologies to create seamless customer journeys for accessing banking......

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Animation, Sound & Vibration – How Visa is Reinforcing Consumer Trust in a Changing Payments WorldJune 19, 2019

Visa (NYSE: V) today announced global adoption of its sensory branding suite in 25 countries via more than a dozen new partnerships. The suite is comprised of sound, animation and haptic brand cues that occur with a Visa payment transaction. In a digital world increasingly filled with voice-commands, networked appliances and unattended retail environments, Visa’s sensory branding cues offer new ways to enhance the customer experience and convey the trust and security that the Visa brand represents. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005240/en/ Visa was the first major payment brand to introduce multi-sensory branding, which included animation, sound and haptic vibration expressions of its brand. After an extensive creation and selection process that involved focus groups and elimination rounds, Visa landed......

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Ministry says IBRD branch in Jordan ‘significant step’ June 18, 2019

AMMAN — Establishing an International Bank for Reconstruction and Development (IBRD) office in Jordan aims to facilitate communication between bank representatives and those in the public and private sectors implementing economic projects, the Ministry of Planning and International Cooperation said on Monday.

The new branch will also help facilitate funding, including concessional loans and technical assistance for areas of priority, according"...

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