Kuwait Finance House (Labuan) Berhad (KFH Labuan) has launched internet banking cash management solutions (CMS) which, it says, represents the first Shariah-compliant offshore internet banking portal for businesses with end-to-end financial solutions. KFH Labuan is a subsidiary of Kuwait Finance House (Malysia) Berhad (KFH Malaysia).
“CMS caters to the growing needs of the Labuan market,” said Dato’ Jamelah Jamaluddin, chief executive officer (CEO), KFH Malaysia. “The development is part of the bank’s overall strategy to reach beyond the limitations of its standard banking hours and geographical presence.”
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
With the end of 2017 fast approaching, many finance professionals might be counting down the days with some degree of dread. Year End is just around the corner and with it comes the many long hours accountants will spend going over balance sheets and profit and loss accounts, investigating account irregularities and chasing sign offs.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.