Bank AlBilad in Riyadh has signed for Geneva-based Sterci’s Stelink financial messaging solution. Bank AlBilad is a new Islamic commercial bank, the Kingdom’s11th, which comes from the merging activities of eight money exchangers. The bank was granted the Saudi government licence in November 2004 and will start operating in the coming months. The bank will provide its customers with all banking products and services in compliance with Sharia (Islamic law). These products and services will be delivered though the bank branches kingdom-wide. Stelink will be integrated with the Temenos core banking system to process payments over SWIFTNet, SARIE (Saudi Arabian Local EFT) and Telex networks. Mr. Azzam Abaalkhail, CEO of Bank AlBilad, says: “We have selected Stelink for its capabilities to connect to multiple networks and its local support in Saudi Arabia. Additionally, Sterci has facilitated to us the administrative process to join SWIFT as a new member”.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more