Banking

September 22, 2017

1

Triaconta Announces a New Safe Way to Invest in Cryptocurrencies

(AETOS Wire)-- Triaconta wants to minimize the risks of investing in cryptocurrencies with Combicoin to make the cryptocurrency market accessible for a larger audience.

CombiCoin is 100% asset backed by the top 30 cryptocurrencies with the highest market cap. Because of this the CombiCoin will not suddenly plunge and investors will have less risks when there are major fluctuations.

There"...

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September 21, 2017

2

OT-Morpho Launches with CMBC the First Payment Card Featuring MOTION CODETM Dynamic CVV2 in China

  • High-tech powered card with dynamic security code (CVV2) that changes automatically every hour, displayed on embedded mini-screen
  • A solution with no impact on cardholder journey for safer online transactions: if stolen, this dynamic data becomes rapidly unusable
  • CMBC is the first bank to launch MOTION CODETM in Asia, featured on their new high-end VISA Signature card
  • A CMBC WeChat application to present the offer and order easily in one click

(AETOS"...

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September 21, 2017

3

The Listing of Money Trade Coin on Cryptocurrency Exchange and the Rising Promise of a New Era in Dubai

MONEY TRADE COIN, the new age cryptocurrency, dazzled its investors’ expectations by listing on NovaExchange. Immediate trading began post the launch by Money Trade Coin’s founder and CEO, Mr. Amit Lakhanpal and H.E. Sheikh Saqer Al Nahyan. The listing event held on September 17 at Burj Al Arab was witnessed by a list of 40 VIP businessmen including H.E. Sheikh Jumaa Al Maktoum, Mr. Faisal Almaazmi, his principal advisor"...

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September 20, 2017

4

Algerian dinar at record low as government strives to protect reserves

Algeria’s central bank allowed the value of the country’s currency to drop to a historic low against the euro, driving concerns about inflation and social instability. Lower oil prices and shrinking foreign currency reserves have left the government unable to shore up the dinar’s depreciating value and offset economic hardships.

The government previously handed out interest-free loans to young people, raised wages and provided"...

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September 18, 2017

5

Algeria to borrow from central bank to tackle deficit

Algeria’s prime minister laid out a sweeping plan to plug the budget deficit that would include direct borrowing from the central bank, as the Opec member looks to compensate for lower oil revenue without tapping international debt markets.

The five-year plan presented by Prime Minister Ahmed Ouyahia aims to balance the budget by 2022, and reverse a deficit that ballooned with the plunge in global crude prices, which also cut foreign reserves"...

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September 14, 2017

6

Liberia: IFC Eases Access to Agribusiness and SME Finance

World Bank Group member IFC will provide specialized advisory services to the Liberian Bank for Development and Investment (LBDI) to develop scalable and sustainable agrifinance and support small and medium enterprises (SMEs) banking operations.

The services will strengthen the bank’s risk management processes and tools; improve its customer value propositions including systems and products; and build the capacity of staff working on agribusiness"...

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September 13, 2017

7

Moody's maintains negative outlook on South Africa's banking system

Moody's Investors Service has maintained its negative outlook on South Africa's banking system, reflecting the rating agency's view that banks' creditworthiness will come under some pressure over the next 12 to 18 months.

'Our negative outlook for South Africa's banking system is mainly due to the weak operating conditions, which will challenge banks' loan quality and profitability,' said Nondas Nicolaides, a Moody's"...

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September 13, 2017

8

Can FinTech help in banking of Africa?

Ten years after the beginning of financial crisis, the global finance is still in the process of redefining itself. Processes of financial globalisation are becoming much more risk-sensitive, reflecting the significant reduction in banking activities, namely in cross-border lending.

For post industrial markets, where banking has traditionally been society’s mixed blessing, developed technological and regulatory infrastructure, combined with"...

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September 11, 2017

9

TSYS Signs PRIME(SM) Agreement with Mashreq Bank in Dubai

TSYS (NYSE: TSS) announced today that it has signed a software licensing and services agreement with UAE leading financial institution, Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform — and surrounding modules and services — to enhance the bank’s customer-centric experiences for its cardholders and merchants.

Mashreq is an award winning bank recognised for its retail and digital"...

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September 5, 2017

10

Iran, South Africa Call for Expansion of Banking Ties

Iran’s foreign minister and South Africa’s National Assembly speaker have discussed expansion of bilateral ties, particularly in banking sector.

During the Sunday talks, Iranian Foreign Minister Mohammad Javad Zarif described South Africa as a friendly nation which came to Iran’s aid in tough times, especially when Iran was under sanctions.

Zarif also"...

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