Islamic banking and finance

Sidra Capital Launches Singapore-based VCC for Cross-Border Commodity Supply Chain Investments

Retrieved on:

Monday, January 29, 2024

VCC, Islamic banking and finance, LCS, Islam, USD, Money, Pleasure, Security (finance)

SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- Sidra Capital , a leading Shari’ah-compliant asset management firm regulated by the Saudi Arabian Capital Market Authority, is delighted to announce the launch of its maiden Singapore-domiciled variable capital company Sidra Asian Opportunities Investment I VCC (VCC) .

Key Points:

SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- Sidra Capital , a leading Shari’ah-compliant asset management firm regulated by the Saudi Arabian Capital Market Authority, is delighted to announce the launch of its maiden Singapore-domiciled variable capital company Sidra Asian Opportunities Investment I VCC (VCC) .
In November 2023, the VCC was launched with an investment strategy focused on facilitating cross-border commodity supply chains via fully funded irrevocable Letters of Credit (LC).
Sidra Capital takes pride in its contribution towards the development of the Islamic Finance industry in Singapore.
The VCC is managed by Sidra Capital Pte Ltd, a wholly-owned subsidiary of Sidra Capital, which operates as a registered fund management company licensed by the Monetary Authority of Singapore.

BUSINESSNEXT launches Next Generation Unified Digital Lending platform

Retrieved on:

Thursday, November 16, 2023

MDM, Customer, Islamic banking and finance, CRM, BFSI, Heart, Digital, KYC, API, AI, Master data management, Bank, LOS

JAKARTA, Indonesia, Nov. 16, 2023 (GLOBE NEWSWIRE) -- BUSINESSNEXT, a universe of composable enterprise solutions for BFSI, announced the launch of Unified Digital Lending Platform, a highly configurable, API-first, supremely scalable full stack secure lending platform.

Key Points:

JAKARTA, Indonesia, Nov. 16, 2023 (GLOBE NEWSWIRE) -- BUSINESSNEXT, a universe of composable enterprise solutions for BFSI, announced the launch of Unified Digital Lending Platform, a highly configurable, API-first, supremely scalable full stack secure lending platform.
The modern lending solution has parameterized Master Data Management (MDM) and offers end to end Loan Origination system (LOS) and Customer relationship Management (CRM) that aims to transform the lending business.
The platform designed to perk up BFSI as a trusted partner in the lending process promises stellar outcome as below.
The Unified Digital Lending Platform reshapes this dynamic by placing the customer at the heart of the lending journey, enabling lenders to provide personalized services that cater to customers' needs and lifestyles in the shortest time possible, while elevating the customer experience at every touchpoint.”
The new-age domain-native platform introduces slew of features as below.
Low code/no code constructs to support Islamic Banking, local KYC and financial adopters and digital, AI & Mobile First Strategy
The platform, an uptick on Digital Lending Platform 3.0, digitizes the complete lending process, initiated either by bank or the customer, online or offline, from application to verification to disbursement, for existing or new bank customers enhancing the customer engagement.

Azentio Software wins double honours at IBSi Global FinTech Innovation Awards 2023

Retrieved on:

Monday, December 11, 2023

SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023. The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.

Key Points:

Awards recognize 'Impact-Generating Implementations' at Summit Bank, Pakistan and Vision Bank, UAE
SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners , today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023.
The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.
The Global FinTech Innovation Awards seek to honour banks, financial institutions, and technology players for their excellence in innovations using emerging technologies.
Applauding Azentio on winning the accolades, Nikhil Gokhale, Director - Research & Digital Properties at IBS Intelligence, said, "Congratulations to Azentio for their well-deserved wins.

Azentio Software wins double honours at IBSi Global FinTech Innovation Awards 2023

Retrieved on:

Monday, December 11, 2023

SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023. The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.

Key Points:

Awards recognize 'Impact-Generating Implementations' at Summit Bank, Pakistan and Vision Bank, UAE
SINGAPORE, Dec. 11, 2023 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners , today announced that it won two awards at the 5th edition of the prestigious IBS Intelligence (IBSi) Global FinTech Innovation Awards 2023.
The awards were formally presented at the Cedar-IBSi Summit on Digital & Core Banking, recently held in Mumbai.
The Global FinTech Innovation Awards seek to honour banks, financial institutions, and technology players for their excellence in innovations using emerging technologies.
Applauding Azentio on winning the accolades, Nikhil Gokhale, Director - Research & Digital Properties at IBS Intelligence, said, "Congratulations to Azentio for their well-deserved wins.

MedaWeek Barcelona 2023 concludes with a call for economic development in the Mediterranean amid uncertainty and conflicts

Retrieved on:

Monday, November 20, 2023

Cloud, Violence, ASCAME, Climate change, Entrepreneurship, Mediterranean Basin, Digital Realty, Tourism, Islamic banking and finance, Commerce, Health, Female, General council, Partnership, Developed country, Private sector, Renewable energy, Islam, Mediterranean Sea

This event, organized by the Association of Chambers of Commerce and Industry of the Mediterranean (ASCAME) in collaboration with the Chamber of Commerce of Barcelona, is the key socio-economic summit in the Mediterranean.

Key Points:

This event, organized by the Association of Chambers of Commerce and Industry of the Mediterranean (ASCAME) in collaboration with the Chamber of Commerce of Barcelona, is the key socio-economic summit in the Mediterranean.
Despite the current geopolitical crisis in the region, it successfully mobilized and brought together major Mediterranean institutions.
Ahmed El Wakil, president of ASCAME, took advantage of this gathering of Mediterranean economic leaders in Barcelona to call for "more protectionism and collaboration, and to strengthen multilateralism and alliances."
During MedaWeek Barcelona 2023, ASCAME has announced several initiatives that will impact the prosperity and sustainable development of the region.

MedaWeek Barcelona 2023 concludes with a call for economic development in the Mediterranean amid uncertainty and conflicts

Retrieved on:

Monday, November 20, 2023

This event, organized by the Association of Chambers of Commerce and Industry of the Mediterranean (ASCAME) in collaboration with the Chamber of Commerce of Barcelona, is the key socio-economic summit in the Mediterranean.

Key Points:

This event, organized by the Association of Chambers of Commerce and Industry of the Mediterranean (ASCAME) in collaboration with the Chamber of Commerce of Barcelona, is the key socio-economic summit in the Mediterranean.
Despite the current geopolitical crisis in the region, it successfully mobilized and brought together major Mediterranean institutions.
Ahmed El Wakil, president of ASCAME, took advantage of this gathering of Mediterranean economic leaders in Barcelona to call for "more protectionism and collaboration, and to strengthen multilateralism and alliances."
During MedaWeek Barcelona 2023, ASCAME has announced several initiatives that will impact the prosperity and sustainable development of the region.

World's First Institutional Tokenised Sukuk Backed by a Sovereign-Linked Instrument Listed

Retrieved on:

Monday, October 30, 2023

Ethereum, Accounting, Malaysia International Islamic Financial Centre, Accounting and Auditing Organization for Islamic Financial Institutions, Ministry of Finance (Malaysia), Exercise, American depositary receipt, Sukuk, Ministry, Environment, Islamic banking and finance, ADR, FDR Drive, FDR, Security (finance), Cryptocurrency, Islam, Sharia, Fusang

LABUAN, Malaysia, Oct. 30, 2023 /PRNewswire/ -- Fusang Exchange today announced the successful tokenisation and listing of a digital sukuk representing the corresponding underlying sukuk issued by the International Islamic Liquidity Management Corporation (IILM)*. IILM is an international organisation established to address liquidity management challenges faced by Islamic financial institutions globally and acts as the programme administrator of the underlying sukuk.

Key Points:

Fusang, a digital stock exchange operator has listed the world's first institutional tokenised sukuk backed by a sovereign-linked instrument, opening up access to a short-term A-1 rated sukuk for global institutions and their clients.
The tokenisation and listing exercise was completely led by Fusang, utilising its proprietary Fusang Depository Receipt ("FDR") structure to "wrap" the underlying sukuk into a digital form.
FDRs are fully redeemable for the underlying IILM sukuk and are secured by third-party independent custodians.
We envisage the new Guidelines on Labuan Securities Token Offering would further spur the development of tokenised securities in Labuan.

itel Continues Strong Growth Trajectory Despite Economic Headwinds and Looming U.S. Recession

Retrieved on:

Thursday, October 19, 2023

Itel, CX, Aspirant, Microsoft, Tech, Islamic banking and finance, World Travel and Tourism Council, International Association, Multimedia, Artificial intelligence, Hospitality, LACA, BPO, Tourism, Travel

MONTEGO BAY, Jamaica, Oct. 19, 2023 /PRNewswire/ -- itel has remained steadfast in its growth trajectory and continues to expand its nearshore footprint, even as many larger BPO competitors face deteriorating market valuations.

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MONTEGO BAY, Jamaica, Oct. 19, 2023 /PRNewswire/ -- itel has remained steadfast in its growth trajectory and continues to expand its nearshore footprint, even as many larger BPO competitors face deteriorating market valuations.
Over the next 6-8 months itel will add over 800 seats to its Jamaica and Saint Lucia destinations and generate another 1,800 CX jobs in the region.
In addition, itel has been named one of the Top 100 Global Outsourcers by the IAOP (International Association of Outsourcing Professionals).
In early 2024, itel will launch its newest facility in Belize where it's been testing the market for the past year.

Malaysia Healthcare Travel Council Announces New Chief Executive Officer

Retrieved on:

Tuesday, October 17, 2023

Partnership, Digital transformation, Islamic banking and finance, The Centre for Cross Border Studies, Health, Medicine, Digital, Clinical research, Hospital

KUALA LUMPUR, Malaysia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Malaysia Healthcare Travel Council (MHTC) is pleased to announce the appointment of its new Chief Executive Officer, Dr. Mohamed Ali Abu Bakar, effective 16th October 2023.

Key Points:

KUALA LUMPUR, Malaysia, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Malaysia Healthcare Travel Council (MHTC) is pleased to announce the appointment of its new Chief Executive Officer, Dr. Mohamed Ali Abu Bakar, effective 16th October 2023.
Dr. Ali will be spearheading all aspects of MHTC’s operations, ensuring its commitment to facilitating and promoting the nation’s healthcare travel industry.
Under his leadership, Malaysia Healthcare will remain committed to building the Malaysia Healthcare brand and simultaneously raising Malaysia’s profile as a safe and trusted provider of quality healthcare for across the globe.
To learn more about Malaysia Healthcare and its services, please visit https://malaysiahealthcare.org or visit our social feeds at: www.facebook.com/MHTCMalaysia or at LinkedIn (Malaysia Healthcare Travel Council).

NovelVox Teams Up with Zoom to Drive a True Integrated Contact Center Experience for Healthcare, Credit Unions, Banking & Insurance

Retrieved on:

Tuesday, October 3, 2023

Partnership, CX, Islamic banking and finance, Name, CRMS, Credit union, Australian Banking & Finance, Bank, Online shopping, Insurance, Health care, Zoom

ROSWELL, Ga., Oct. 3, 2023 /PRNewswire-PRWeb/ -- NovelVox, a contact center experience optimization company, today announced that they have joined forces with Zoom Video Communications, Inc. to unify the Zoom Contact Center experience with industry-optimized agent desktop integrations. This collaboration will allow Zoom customers to seamlessly embed Agent Accelerator, a unified agent desktop from NovelVox, within Zoom Contact Center for an integrated and optimized view of customer information - empowering agents to deliver a personalized and connected experience.

Key Points:

NovelVox and Zoom have joined forces to empower agents, enabling them to deliver a personalized customer experience (CX) in Healthcare, Banking, Finance, and Insurance contact centers
ROSWELL, Ga., Oct. 3, 2023 /PRNewswire-PRWeb/ -- NovelVox, a contact center experience optimization company, today announced that they have joined forces with Zoom Video Communications, Inc. to unify the Zoom Contact Center experience with industry-optimized agent desktop integrations.
This collaboration will allow Zoom customers to seamlessly embed Agent Accelerator, a unified agent desktop from NovelVox, within Zoom Contact Center for an integrated and optimized view of customer information - empowering agents to deliver a personalized and connected experience.
To deliver such an integrated experience, NovelVox is joining forces with Zoom to empower agents with all the information they need to deliver a superior CX from within their Zoom Contact Center.
Talking about the partnership, NovelVox CEO Amit Gandhi said "We are constantly striving towards transforming contact centers into a truly consolidated customer experience center and the Unified Agent Desktop for Zoom Contact Center is only a step towards that goal.