Search Results for: finance
The dawn of financial technology in Islamic finance
December 23rd, 2016
Over the past decade, financial technology — widely referred to as FinTech — has grown primarily due to growing Internet access worldwide and the emergence of smartphones and apps. According to the Ericsson Mobility Report published last year, 70 ...
Gold Standard Approved for Islamic Finance, Opening New Market
December 6th, 2016
Standard is ‘ground-breaking initiative’: World Gold Council SPDR Gold Trust, biggest ETF backed by gold, may qualify Gold is acceptable for the first time as an investment in Islamic finance after the group that sets standards for the industry ...
ASIC action sees BMW Australia Finance to repay $77 million to customers
December 6th, 2016
ASIC has accepted an Enforceable Undertaking (EU) from car financier, BMW Australia Finance Limited (BMW Finance), which will see BMW Finance implement Australia’s largest consumer credit remediation program to compensate customers for its responsible lending failures. BMW Finance provides ...
German Finance Ministry Publishes Report on Fintech: Very High Growth in Recent Years
November 24th, 2016
The German Federal Ministry of Finance or Bundesministerium der Finanzen, has published a report on the emerging Fintech sector. The document, authored by Prof. Dr. Gregor Dorfleitner and Jun.-Prof. Dr. Lars Hornuf (with the assistance of Matthias Schmitt & Martina ...
Perilous government finances
November 13th, 2016
President-elect Trump stated in his victory speech that he intends to make America great again by infrastructure spending. Unfortunately, he is unlikely to have the room for manoeuvre to achieve this ambition as well as his intended tax cuts, ...
NatWest sets up alternative finance panel for loan referrals
November 1st, 2016
NatWest has set up a panel of alternative lenders to which business customers can turn if they fail to qualify for a loan from the UK bank. The panel, called ‘Capital Connections’, builds on NatWest’s existing referral partnerships with ...
The 7 most influential people in European finance
September 26th, 2016
Bloomberg released its list of the 50 most influential people in the world of finance. It is a comprehensive list of Wall Streeters, politicians, central bankers and business leaders who shape the way the global economy functions and help ...
Sberbank announces launch of global trade finance platform
September 22nd, 2016
Sberbank has announced the launch of its global trade finance platform, which has been developed by the Bank. The platform is aimed at all the segments of the Bank’s corporate business – from major to small enterprises. The platform ...
Digital payment firm has bought finance app maker in a $7.5 million deal
September 12th, 2016
Digital retail finance and payment industry player zipMoney has bought personal finance management app maker Pocketbook. The deal includes $6 million upfront and another $1.5 million, depending on a set of milestones. The acquisition strengthens zipMoney’s position in Australia’s ...
ASIC permanently bans former Sydney finance broker
September 12th, 2016
ASIC has permanently banned former Sydney finance broker, Jennifer Farias of Elderslie, from engaging in credit activities and providing financial services. The bannings follow an ASIC investigation and criminal action against Ms Farias who pleaded guilty in the NSW ...
