Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership. This partnership will serve German lender access to cloud services and drive innovation in technology-based financial products for clients. Both parties have signed a Letter of Intent and plan to sign a multi-year contract within the next few months. “For […]

To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during the COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is July 24, 2020. SECP’s suitability […]

HSBC launched today Hong Kong’s first remote business account opening solution targeting small and medium enterprises (SMEs). Business owners can now open an account anytime and anywhere, without having to schedule face-to-face or video meetings with the Bank or submitting physical documents and signature. The application process is completely digitized and paperless. The innovation builds […]

After receiving an amazing response in previous sales events, TCL once again is opening its door by collaborating with Daraz for their Mobile Week to provide huge discounts to consumers. The Daraz mobile week sale is from 15th June – 21st June and has a lot in store for consumers. People will be able to […]

Online food ordering platform BellyMelly introduces a free first-of-its-kind solution to help restaurants across the country re-open amidst COVID-19. The BellyMelly app revolutionizes the dining experience by providing a fast, easy-to-use, and zero-contact solution for restaurants and customers alike, whether they want to dine in person or have their meals delivered. “As our country begins […]

Nium, a global financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s Fintech Fast Track program. With this license, Nium is able to provide end-to-end issuing, processing, and onboarding services, and shorten the lead time for Visa card issuance to just four to six weeks. Nium plans […]

Nordic challenger bank Lunar has launched accounts and cards designed to help teenagers between 15 to 17 years old to offer to help them teach about money management. So they can manage their allowances, salary, and money on their own account. Teenagers will be able to sign up for an account themselves. The new service […]

NEC Payments B.S.C. (NECP), a regional leader in Banking-as-a-Service solutions has partnered with STC Bahrain to provide a bank-grade digital account solution and integrated virtual prepaid Mastercard to enhance the STC Pay mobile payment solution. Migrating to the NECP platform provides STC Bahrain with the opportunity to improve the performance, reliance, and extensibility of its […]

A meeting of the Board of Directors of The Bank of Punjab was held on May 19, 2020 to consider and approve the un-audited Financial Statements for the 1st quarter of the year ended March 31, 2020. During the 1st quarter of the year 2020, Bank’s Net Interest Margin (NIM) remained a little subdued at […]

Prime Minister Imran Khan will launch on Monday cash disbursal program under the Ehsaas Emergency Cash for workers who are worst affected by the coronavirus crisis and have become jobless. Over Rs 3 billion have so far been collected in the Corona Relief Fund. For every rupee donated to the fund, the PM has committed that […]