The Sharjah Finance Department (SFD), in collaboration with the Arab Administrative Development Organisation (ARADO), launched the third edition of the Sharjah Award for Public Finance. The award aims to promote a culture of excellence in Arab financial institutions by adopting excellence st
Online banking services like Internet banking and mobile banking may increase the chances of liquidity crisis during periods of stress, highlights RBI Deputy Governor Swaminathan Janakiraman during an event in Jaipur on Wednesday.
New Delhi [India], August 12: Jocata, a leading RegTech partner for the BFSI industry announces the pan-India rollout of its industry-first offering called 'One Case Manager'. Jocata One Case Manager comes at a time when RBI circular dated January 2024 directs the regulated entities (REs)
Bangalore (Karnataka) [India], August 7: Vymo, the sales engagement platform of choice for financial institutions, has been recognized in the 2024 Gartner® Market Guide for Sales Engagement Applications report, for the third time.
Kochi (Kerala) [India], August 5: Muthoot Capital Services Limited (MCSL), one of India's fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerate Muthoot Pappachan Group announces its partnership with UK-based Development Financial Institution for raising lon
Ahmedabad (Gujarat) [India], July 30: Shah Metacorp Ltd (formerly known as Gyscoal Alloys Ltd) has reported net profit of Rs 23.27 crore for the first quarter of FY2024-25 ended June 2024 as compared to the net profit of Rs 1.25 crore in the corresponding period last year - nearly 20 fold gr
London [UK], July 23: TerraPay, a global money movement company, today announces that financial institutions can send money directly to more than 2.1 billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses
The report identifies several key obstacles, such as the inadequacy of collateral, difficulties in verifying the creditworthiness of MSMEs, and the high transaction costs associated with providing small loans. These factors make lending to MSMEs less attractive for financial institutions.
Mumbai (Maharashtra) [India], July 11: Mumbai headquartered technology company Acies LLP is pleased to announce that it has been recognized as a Category Leader by Chartis Research's 2024 Credit Risk Management Solutions Market Quadrants Report. This recognition further solidifies Acies' pos
The Department of Science and Technology, Government of Gujarat signed a Memorandum of Understanding (MoU) on Saturday with the technology company IBM to establish and promote an AI Cluster leveraging IBM's Watson to foster innovation and collaboration among financial institutions in Gujarat
Singapore, June 27: Azentio Software ("Azentio"), a leading end-to-end software company specializing in the BFSI sector, has announced that Banque Populaire de Mauritanie ("BPM"), one of the largest financial institutions in Mauritania, is now live with iMAL Business Intelligence (BI) - a st