New York Times Feed

BANKING

Netherlands, World Bank sign $5m agreement to support Jordan economySeptember 12, 2019

AMMAN — The Netherland’s embassy in Jordan on Wednesday signed an agreement with the World Bank Group to provide Jordan with $5 million to support the implementation of the Kingdom’s five-year plan to rejuvenate the economy, boost the private sector’s development, attract investment and provide jobs, the Jordan News Agency, Petra, reported.

The agreement was signed by Dutch Ambassador to the Kingdom Barbara Joziasse, Regional"...

Continue Reading >
Fintech Innovator Treezor Chooses Gemalto Cloud HSM to Help Secure Banking-as-a-serviceSeptember 12, 2019

Thales today announced that Treezor, the leading banking-as-a-service platform in France, has deployed Gemalto SafeNet Data Protection on Demand solution to provide security across its entire payment chain, from tier one banks and neo-banks to crowdfunding organizations.

As an electronic money issuer, Treezor is bound by a variety of data privacy regulations and requirements, including requirements from the French Regulator (ACPR), the Mastercard"...

Continue Reading >
CR2 and Network International Announce Partnership to Deliver Mobile Banking as a Managed Hosted Service in MEASeptember 3, 2019

Banking software leader CR2, has signed a strategic partnership with Network International, the leading enabler of digital commerce across Africa and the Middle East. CR2 and Network International will deliver mobile banking as a Managed Hosted Service, enabling banks to rapidly deploy and cost-effectively manage their mobile banking services.

CR2 is considered to be the leader in channel banking software in Africa and the Middle East. They recently"...

Continue Reading >
Jordanian dinar accounts for 75.8 per cent of total deposits — JODIC-September 2, 2019

AMMAN — A total of 97.4 per cent of depositors whose deposits do not exceed JD50,000 are fully insured, the Jordan Deposit Insurance Corporation (JODIC) announced on Sunday.

In its 2018 report, the JODIC said that deposits in the Jordanian dinar accounted for 75.8 per cent of the total deposits, while deposits subject to the law at member banks stood at 96.3 per cent in the Jordanian dinar, the Jordan News Agency, Petra, reported.

The"...

Continue Reading >
BAI Announces 2019 Global Innovation Award FinalistsAugust 20, 2019

BAI announced the finalists for the 2019 BAI Global Innovation Awards, the industry’s most prestigious awards program that celebrates transformative solutions in the financial services industry worldwide.

Now in its ninth year, the BAI Global Innovation Awards recognizes leading financial services organizations on a global scale. Through hundreds of applications, the Innovation"...

Continue Reading >
Central Bank offers scholarships for Tawjihi toppersAugust 18, 2019

AMMAN — The Central Bank of Jordan (CBJ) on Saturday announced offering 12 scholarships for top General Secondary Education Certificate Examination (Tawjihi) achievers whose averages are above 95 per cent.

The CBJ, in a statement carried by the Jordan News Agency, Petra, said that the scholarships will be equally distributed among the Kingdom’s 12 governorates for BA degrees in economics specialisations as of the first semester of the"...

Continue Reading >
CBJ announces 12 scholarships for high school studentsAugust 18, 2019

Amman, Aug. 17 (Petra)-- The Central Bank of Jordan (CBJ) announced that it will provide 12 annual scholarships for outstanding high school students, who scored an average of more than 95 percent, distributed equally all over the governorates, to obtain a bachelor's degree in economics specializations starting from the first semester 2019/2020, provided that they would work in the CBJ after graduation.

The initiative aims at creating a distinguished generation of economists in the Kingdom to contribute in"...

Continue Reading >