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Fintech company Airtel Payments Bank, on Monday, launched National Common Mobility Cards (NCMC), eco-friendly debit and prepaid cards, in collaboration with National Payments Corporation of India (NPCI) powered by RuPay. NCMC offers a unified payment system for accessing various types of commuting services including metro, rail, parkingand bus.The bank said it offers these interoperable cards […]
Financial service company UBS Group AG, on Tuesday, said it intends to commence a new 2024 share buyback program of up to $2 billion on April 3, and the company is expecting to repurchase up to $1 billion of its shares, starting from the end of the merger of UBS Group and Credit Suisse AG. […]
Financial service provider Khaleeji Bank, on Wednesday, collaborated with its peer Eskan Bank to provide Shari’a-compliant Home Financing solutions, also known as Islamic home finance to citizens. Under this agreement, the banks will finance under the ‘Joint Guarantee’ program with an aim to provide a diverse range of banking products and services and promote economic […]
Apex Trade Union All India Bank Officers’ Confederation (AIBOC), on Friday, signed the ninth joint note with Indian Bank Associations (IBA) for officers, which concluded in favour of a five-day work week as well as better pay, benefits, and working conditions for bank employees. AIBOC said the five-day work week will alter the existing working […]
The Reserve Bank of India’s (RBI) Governor Shaktikanta Das gave the first monetary policy statement of 2024 on Thursday, forecasting the condition of inflation, economic growth and possibilities of emerging companies’ contributions to the GDP (Gross Domestic Product) of the nation. Das said the global economy continues to present a mixed picture, where inflation is […]
S&P Global Ratings published a report forecasting the banking sector of South Africa recently, where it anticipates gross domestic product (GDP) growth to below 1.0% in 2023 and about 1.5% in 2024. South African banks are currently facing issues related to reform progress, electricity crisis, imminent elections, external refinancing risks as well as the country’s […]
Financial service provider UnionBank of the Philippines collaborated with Informatica, a software developer, on Thursday, to adapt Informatica’s master data management (MDM) software as a service (SaaS) as UnionBank shifts from an on-premises solution to the cloud as part of the bank’s cloud digital transformation strategy. Master data management involves creating a single master record […]
Financial institution Bank Nizwa collaborated with its peer Oman Housing Bank (OHB), on Wednesday, to participate in OHB’s Iskan program. This collaboration aims to accelerate the approval process for pending housing finance applications with OHB and the Ministry of Housing and Urban Planning, said the firm. The Iskan program operates under the partnership of various […]
Islamic financial institution Ajman Bank launched its real estate subsidiary Skyrise Properties on Thursday, aiming to expand in the real estate asset management market. The newly launched real estate firm will be based in UAE and operate as an autonomous entity with its own distinct identity, systems, and team, said Ajman Bank. Mohammed Al Shamsi, […]
IT service provider Thales Digital Identity & Security collaborated with financial service provider Trust Bank Singapore on Wednesday, to launch ocean plastic, a sustainable credit and debit card made from plastic found in the ocean. The tech company said the recycled card consists of 70% ocean plastic from Parley for the Oceans, non-profit environmental organization. The […]
United Arab Emirates, one of the largest banks, First Abu Dhabi Bank (FAB) confirmed its partnership with low-carbon energy and services provider ENGIE Solutions by signing a memorandum of understanding (MoU), on Tuesday. This partnership is aimed at advancing the companies’ capabilities in financial decarbonisation solutions. The bank stated the agreement was signed in COP28 […]
Financial service provider Emirates NBD collaborates with tech giant Microsoft, on Friday, to implement Microsoft Sustainability Manager, a Cloud for Sustainability solution, to implement digital transformation. Sustainability manager an adaptable solution integrating data intelligence for organizations at any sustainability stage, automating processes to efficiently record, report, and reduce emissions, water, or waste impact, said […]
