Central bank

Successful first transformation year for Commerzbank - Positive net result despite high one-off charges

Retrieved on: 
Thursday, February 17, 2022
Income, European Central Bank, CO2, CET, MBank, Growth, Risk, Shoulder, RWA, Contract, Non-bank financial institution, Coal, Efficiency, Bank, Goal, Commerzbank, Private, Central bank, Common equity, History of Target Corporation, NPE, Retirement, Sale, ODDO BHF, Policy, Research, MDA, Tax, Semiconductor Manufacturing International Corporation, ECB, Pharmaceutical industry, Real estate, Financial services, Fine chemical, Mittelstand

The basis for this was the positive development of its customer business with a stabilised net interest income and a significantly higher net commission income.

Key Points: 
  • The basis for this was the positive development of its customer business with a stabilised net interest income and a significantly higher net commission income.
  • We intend to continue with the successful customer business of the past year and increase the net result to more than 1 billion.
  • The net result is also positive although we had to shoulder very high one-off charges.
  • Commerzbank anticipates an increase in underlying net interest income and net commission income in the 2022 financial year.

Johannesburg to Virtually Host Bitcoin Events’ Blockchain Africa Conference in March

Retrieved on: 
Thursday, February 17, 2022
Bitcoin, Blockchain, Community business development corporation, CBDC, Telecommunication, Central bank, Central bank digital currency, Technology, Interview, Â, Virtual currency, Investment, Conference, Science and technology in Asia, GLOBE, Video game, Cryptocurrency

CAPE TOWN, South Africa, Feb. 17, 2022 (GLOBE NEWSWIRE) -- via CryptoCurrencyWire -- Bitcoin Events flagship event, Blockchain Africa Conference 2022 , is scheduled to take place on March 17-18, 2022, as a virtual-only event.

Key Points: 
  • CAPE TOWN, South Africa, Feb. 17, 2022 (GLOBE NEWSWIRE) -- via CryptoCurrencyWire -- Bitcoin Events flagship event, Blockchain Africa Conference 2022 , is scheduled to take place on March 17-18, 2022, as a virtual-only event.
  • The Blockchain Africa Conference will feature dozens of sessions with keynotes, presentations, panels, exhibitions, prizes, giveaways and networking sessions hosted by selected industry leaders.
  • In addition, several talks at the conference will explore the rising demand for cryptocurrencies and other blockchain-enabled products in Africa.
  • Since 2015, Bitcoin Events annual Blockchain Africa Conferences have been bringing together some of the top thought leaders from across the globe.

Trust Bank Reaches 99.4% of Its Asset Recovery Target

Retrieved on: 
Thursday, February 17, 2022
Banking, Professional Services, Finance, Trust, Lists of companies, Rehabilitation, PricewaterhouseCoopers, RUB, Banking in Russia, Bank, Central bank, United Wagon Company, Central Bank of Russia, Professional, Agriculture, Engineering, BNA, Inteco, Cryptocurrency, Pharmaceutical industry

The Bank of Non-Core Assets Trust (BNA Trust), which manages the non-core and distressed assets of major banks that were financially rehabilitated by the Russian Central Bank between 2017 and 2018, is on track to meet its asset recovery target two years earlier than planned.

Key Points: 
  • The Bank of Non-Core Assets Trust (BNA Trust), which manages the non-core and distressed assets of major banks that were financially rehabilitated by the Russian Central Bank between 2017 and 2018, is on track to meet its asset recovery target two years earlier than planned.
  • In 2021 alone, BNA Trusts asset recovery totalled RUB 110 billion, which represented 126% of its target for that year.
  • Almost 90% of all returns came from settlement and asset management, and only 10% from judicial recovery.
  • The Bank of Non-Core Assets Trust (BNA Trust) is a Russian financial institution established by the Bank of Russia as part of the rehabilitation of the countrys banking system.

EML Reports Record GDV Of $31.6BN And Revenues Of $114.4M For The First Half Of FY22

Retrieved on: 
Tuesday, February 15, 2022
Film & Motion Pictures, Entertainment, Hydrogen, ASX, Gift, Bank, HY, Technology, EBITDA, CBI, Acquisition, Depreciation, COVID-19, Income, AGM, International Bank Account Number, Cadillac Fairview, PFS, EML, State, Central bank, Intention, Reward, TRACE, Partnership, DP, Supreme court, Industry, Central Bank of Ireland, Government, Parent, Nomo, Seamless, Interest, Disclosure, Law of the United Kingdom, Lawyer, Open banking, Program, PCS, Shine Lawyers, GPR, SME, Banco Sabadell, Omicron, GDV, PCP, Insurance, IBAN, Growth, Multimedia, Investment, Mobile backend as a service, Animal, Financial services, Retail, Video game, Fine chemical, Reinsurance, Practice of law, Online gambling, Bookkeeping, Commercial property, Mobile phone, Online shopping, Shine, Senteni Masango, Group, Amortization

The first six months of FY22 delivered a record result, with GDV growing 209% on the prior comparative period (PCP) to $31.6 billion.

Key Points: 
  • The first six months of FY22 delivered a record result, with GDV growing 209% on the prior comparative period (PCP) to $31.6 billion.
  • While this volume translates to revenues at different rates depending on the segment, GDV indicates demand for payment services.
  • GDV from the General Purpose Reloadable (GPR) segment demonstrated strong organic growth, up 29% to finish on $6.3 billion.
  • The Gift & Incentive (G&I) segment saw a significant recovery from the impacts of COVID-19 in the prior year with record first half GDV.

Tinkoff chooses BPC's SaaS payment services to drive Asia expansion

Retrieved on: 
Thursday, February 17, 2022
Cloud, Tinkoff Bank, CEO, Central Bank of Myanmar, SME, Radar, Central bank, Technology, BPC, Partnership, Software as a service, Food delivery, Bank, Online shopping, Tinkoff

MANILA, Philippines, Feb. 17, 2022 /PRNewswire/ -- BPC today announced that Tinkoff has selected its SaaS Cloud payment services for its planned expansion to the Philippines.

Key Points: 
  • MANILA, Philippines, Feb. 17, 2022 /PRNewswire/ -- BPC today announced that Tinkoff has selected its SaaS Cloud payment services for its planned expansion to the Philippines.
  • Under the terms of the new agreement, BPC's next generation payment processing company Radar Payments will manage the end-to-end payment experience for prospective Tinkoff customers in the Philippines.
  • The Tinkoff ecosystem also includes Tinkoff Investments brokerage, Tinkoff Acquiring, Tinkoff Business, a fintech ecosystem for SMEs and larger businesses, and other business lines.
  • George Chesakov, International Expansion Lead at Tinkoff, commented: "Tinkoff is excited about entering the Philippines market.

Tinkoff chooses BPC's SaaS payment services to drive Asia expansion

Retrieved on: 
Thursday, February 17, 2022
Cloud, Tinkoff Bank, CEO, Central Bank of Myanmar, SME, Radar, Central bank, Technology, BPC, Partnership, Software as a service, Food delivery, Bank, Online shopping, Tinkoff

MANILA, Philippines, Feb. 17, 2022 /PRNewswire/ -- BPC today announced that Tinkoff has selected its SaaS Cloud payment services for its planned expansion to the Philippines.

Key Points: 
  • MANILA, Philippines, Feb. 17, 2022 /PRNewswire/ -- BPC today announced that Tinkoff has selected its SaaS Cloud payment services for its planned expansion to the Philippines.
  • Under the terms of the new agreement, BPC's next generation payment processing company Radar Payments will manage the end-to-end payment experience for prospective Tinkoff customers in the Philippines.
  • The Tinkoff ecosystem also includes Tinkoff Investments brokerage, Tinkoff Acquiring, Tinkoff Business, a fintech ecosystem for SMEs and larger businesses, and other business lines.
  • George Chesakov, International Expansion Lead at Tinkoff, commented: "Tinkoff is excited about entering the Philippines market.

Unlimint Adds Pix to Its Acquiring Offering Globally

Retrieved on: 
Thursday, February 17, 2022
CB Bank, Science and technology in Asia, E-commerce, Statista, Central bank, PIX, Bank, Online shopping

Around seven out of 10 Brazilians are online and nine out of 10 access the web on a daily basis.

Key Points: 
  • Around seven out of 10 Brazilians are online and nine out of 10 access the web on a daily basis.
  • "At Unlimint, we are constantly monitoring global trends to guarantee that our customers are prepared for tomorrow and are able to take advantage of it.
  • This is why we are glad to expand our merchants' payments toolkit with PIX and strengthen their positions in one the world's biggest eCommerce markets Brazil.
  • "This addition also strengthens our local offering even further, allowing us to provide our customers with all available payment methods in the region today."

Flutterwave Closes USD $250m in Series D Funding, Valuation Rises to Over USD $3bn

Retrieved on: 
Wednesday, February 16, 2022
API, Adoption, Tuhu, CEO, PayPal, Company, Salesforce, Pleasure, SME, Health, Solution, Transport, SAN, Booking.com, MTN, Leadership, Central bank, Globe, Technology, Central Bank of Nigeria, RSVP, USD, Uber, Partnership, BCG, Acquisition, Growth, Lux Capital, Venture round, Tiger Global Management, Capital Group Companies, Public sector banks in India, Security (finance), Online shopping, Cryptocurrency, Bank, Flutterwave

SAN FRANCISCO, Feb. 16, 2022 /PRNewswire/ -- Flutterwave, a leading technology company, announced today that it has raised USD $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide.

Key Points: 
  • It is also a huge endorsement in the growth of the business, innovation and technology landscape in Africa.
  • The Series D fundraise comes on the back of an impressive run of five years in which Flutterwave has processed over 200M transactions worth over USD $16B to date across 34 countries in Africa.
  • It also follows a year of rapid growth for the brand which now serves over 900,000 businesses across the globe.
  • Flutterwave has processed over 200M transactions worth over USD $16B to date and serves more than 900,000 businesses including customers like Uber, Flywire, Booking.com, etc.

Flutterwave Closes USD $250m in Series D Funding, Valuation Rises to Over USD $3bn

Retrieved on: 
Wednesday, February 16, 2022
API, Adoption, Tuhu, CEO, PayPal, Company, Salesforce, Pleasure, SME, Health, Solution, Transport, SAN, Booking.com, MTN, Leadership, Central bank, Globe, Technology, Central Bank of Nigeria, RSVP, USD, Uber, View, Partnership, BCG, Acquisition, Growth, Multimedia, Lux Capital, Venture round, Tiger Global Management, Capital Group Companies, Public sector banks in India, Video game, Security (finance), Online shopping, Cryptocurrency, Bank, Flutterwave

It is also a huge endorsement in the growth of the business, innovation and technology landscape in Africa.

Key Points: 
  • It is also a huge endorsement in the growth of the business, innovation and technology landscape in Africa.
  • The Series D fundraise comes on the back of an impressive run of five years in which Flutterwave has processed over 200M transactions worth over USD $16B to date across 34 countries in Africa.
  • It also follows a year of rapid growth for the brand which now serves over 900,000 businesses across the globe.
  • Flutterwave has processed over 200M transactions worth over USD $16B to date and serves more than 900,000 businesses including customers like Uber, Flywire, Booking.com, etc.

FQX and SIX Digital Exchange to Collaborate on Blockchain-Based Short-Term Debt Instruments

Retrieved on: 
Tuesday, February 15, 2022
Ecosystem, Blockchain, Trust, Bank for International Settlements, SIX Financial Information, IBM Secure Service Container, CHF, Swiss National Bank, FINMA, Efficiency, Retail, SDX, Bank, Central bank, Non-fungible token, Workforce, SIX, FMI, Partnership, Central bank digital currency, Digital currency, Financial technology, ADX, Central securities depository, CSD, Cryptocurrency, Financial services, Group

Switzerland's SIX Digital Exchange (SDX), the world's first fully FMI licensed digital asset exchange, and FQX, a SIX Fintech Ventures portfolio company, have agreed to collaborate to enable the use of FQX's blockchain-based short-term debt instruments, eNotes(TM), on SDX.

Key Points: 
  • Zurich, Switzerland--(Newsfile Corp. - February 15, 2022) - FQX announced that Switzerlands SIX Digital Exchange (SDX), the worlds first fully FMI licensed digital asset exchange, and FQX, a SIX Fintech Ventures portfolio company, have agreed to collaborate to enable the use of FQXs blockchain-based short-term debt instruments, eNotes, on SDX.
  • FQX's infrastructure for a standardized, digital debt instrument, the eNote, in combination with SDX's digital financial market infrastructure, work hand in hand to break these silos.
  • SIX Digital Exchange [SDX] is a wholly owned subsidiary of SIX, Switzerland's Financial Market Infrastructure [FMI] provider.
  • In order to set up a similar digital market infrastructure offering in Singapore, SDX has partnered with SBI Digital Asset Holdings from Japan to establish the Asia Digital Exchange (ADX).