BANKING

Bank Audi and Verifone Partner to Enable Retailers in Lebanon with Cashless Payment SolutionsAugust 17, 2016

Lebanon is emerging as one of the Middle East’s leading markets introducing innovative cashless payment solutions. As part of the country’s retail infrastructure upgrade, Verifone (NYSE: PAY), a world leader in payments and commerce solutions and Bank Audi, Lebanon’s largest bank, will provide thousands of merchants with point-of-sale (POS) devices designed to bring new payment and commerce capabilities"......

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Commercial Bank of Qatar Chooses 01 Systems’ Biometric Finger Vein Solution for Card-Less ATM AuthenticationAugust 16, 2016

01 Systems, the regional leader in banking software solutions announced today that Commercial Bank of Qatar, is the first bank in the country and the Middle East to introduce its innovative Biometric solution that enables card-less transactions on ATMs.

Implementation of this technology means customers will be able to use this new security feature to access their account at Commercial Bank branches and ATMs with finger vein scanners without need for a bank card or PIN number.

The"......

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New Round of Funding to Fuel Continued Innovation and Growth at BaswoodAugust 16, 2016

Baswood Corporation, a privately held company leading innovation in sustainable wastewater treatment solutions, announced a new round of funding led by Inherent Group, LLC.

According to Michael Walker, CEO of Baswood, the funding will be used to support the company’s strong growth in North America along with continuing expansion within the Asia-Pacific marketplace. “Baswood’s patented solutions provide a significantly lower energy footprint that results in substantially lower operating costs,"......

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Anani discusses region, ties with world leaders at Islamic economic forum August 7, 2016

Deputy Prime Minister for Economic Affairs Jawad Anani has briefed several heads of states on challenges facing Jordan due to regional developments, especially the influx of Syrian refugees.


On the sidelines of his participation in the 12th World Islamic Economic Forum in Jakarta, Anani, who deputised"...

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Jordan Commercial Bank Q2 profits decline 71%July 31, 2016

Jordan Commercial Bank net profits dropped 70.7% in the second quarter of 2016, to JOD 1.59 million ($2.24 million) compared to JOD 5.42 million ($7.6 million) in the same quarter last year.


The bank also recorded a 51.36% year-on-year fall in profits in the first half of 2016, reaching JOD 3.76 million, compared to JOD 7.74 million in H1-15, according"...

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Housing Bank posts 12.4% profit growth in first halfJuly 31, 2016

The Housing Bank for Trade and Finance (HBTF) boosted its pretax profit by 12.4 per cent during the first half of this year, according to a press statement issued by the bank.

It said pretax profit amounted to JD97.1 million during the first six months of 2016, compared to JD86.4 million achieved during the same period of 2015.

The statement showed that net after-tax profit also increased by 7.9 per cent to JD66.4 million, compared"...

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Finalists Announced for BAI’s Global Banking Innovation AwardsJuly 28, 2016

Finalists for the 2016 BAI Global Banking Innovation Awards have been announced – showcasing this year’s top innovators within the financial services industry worldwide. The 15 finalists selected represent the most forward-thinking leaders transforming the industry. Finalists and winners will be celebrated at BAI’s new immersive conference, BAI Beacon, in Chicago, October 5-6, 2016.

BAI serves as a global hub for connecting forward-thinking"...

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Intellect Launches OneMARKETS, a Comprehensive Product for Securities Trading and Asset ServicesJuly 28, 2016


Intellect Design Arena Limited (BSE: 538835 | NSE: INTELLECT), a specialist in enabling true digital transformations across banking, insurance and capital markets, today announced the launch of Intellect OneMARKETS, an end-to-end integrated 360-degree platform, encompassing the complete spectrum of Securities Trading and Asset Services. The advanced comprehensive platform will provide financial"...

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ABG concludes 21st GSM Meeting in Amman, JordanJuly 28, 2016

On this occasion, Chairman of Al Baraka Banking Group, His Excellency Shaikh Saleh Abdullah Kamil expressed pride in the successes achieved by Al Baraka Banking Group (ABG) as an outcome of the dedicated work, good organisation and careful planning of those in charge of its management.


He stressed that the Group maintains a very strong position, as certified by global rating"...

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OT Partners with Axis Bank to Offer India’s First RuPay EMV Contactless Smart CardJuly 26, 2016

OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced its partnership with Axis Bank, India’s third largest private bank to offer the first open loop EMV contactless smart cards to be used in public transportation in Bengaluru, the third most populous city of India.

Axis Bank is the first bank to launch open loop smart cards in India to be used in public transportation, allowing"...

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