News Centre

Encompass Unveils pKYC Maturity Model To Set Benchmark For Regulatory Compliance - The pKYC Maturity Model Has Been Built By The pKYC Advisory Board To Enable Banks To Improve The Speed And Accuracy Of Identifying Financial Crime And Reduce Risk

Date 22/03/2023

Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has unveiled its perpetual Know Your Customer (pKYC) maturity model, setting a new benchmark for regulatory compliance to support the fight against financial crime

The UAE Capital Market Authority Issues Institutions Under Supervision Of CMA​ Report For Q4 2022

Date 22/03/2023

The Capital Market Authority (“CMA") issued a detailed report on the fourth quarter (Q4) of 2022 on the Market Institutions under CMA supervision. The publication of the report aims at promoting confidence and raising the level of transparency and disclosure in the capital market, in addition to serving researchers and followers of the capital market by providing accessing detailed data on the sector, its activities and variables.

Bank ABC Partners With Temenos And NdcTech To Implement Next-Generation Core Banking System - Marking Another Solid Step Towards Building The ‘Bank Of The Future’, Bank ABC Will Consolidate, Its Legacy Systems Across 15 Countries On The Cloud-Native Temenos Platform, With The Support Of NdcTech, To Accelerate Pace Of Innovation And Growth

Date 22/03/2023

Bank ABC, one of MENA’s leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail, corporate and wholesale businesses and power its subsidiary, ila Bank, the MENA region’s fast growing digital mobile-only bank, with Temenos’ core banking platform on the Cloud.

Japan Financial Services Agency: International Forum Of Independent Audit Regulators Published The Report On 2022 Survey Of Inspection Findings

Date 22/03/2023

The International Forum of Independent Audit Regulators (IFIAR) released “Survey of Inspection Findings 2022”, a report on the results of its tenth annual survey of audit inspection findings identified by IFIAR member audit oversight bodies.

UAE Securities And Commodities Authority Announces Ramadan Trading Session Schedule For Financial Markets

Date 22/03/2023

The Securities and Commodities Authority (SCA) announced that during the holy month of Ramadan, trading hours on domestic exchanges would remain unchanged, from 10:00 a.m. until 3:00 p.m.

Monetary Authority Of Singapore Issues Prohibition Order Against Ms Lee Ming Xia Jasmine

Date 22/03/2023

The Monetary Authority of Singapore (MAS) has issued a 1-year prohibition order (PO) against Ms Lee Ming Xia Jasmine, an appointed representative of Prudential Assurance Company Singapore (Pte) Limited (PACS). The PO was issued as a result of Ms Lee’s contravention of section 34(1)(a) of the Financial Advisers Act (Cap. 110, 2007 Rev Ed).

EGX’s Executive Chairman Participates In “Banking On The Future Of Egypt – IFC And Egypt’s Financial Sector In Partnership” Conference

Date 22/03/2023

Rami El-Dokany, Executive Chairman of the Egyptian Exchange (EGX), participated in “Banking on the Future of Egypt – IFC and Egypt’s Financial Sector in Partnership” conference hosted by International Finance Corporation (IFC) on March 21st, 2023.

Hong Kong Securities and Futures Commission Publishes Quick Reference Guides For Licensing Requirements

Date 22/03/2023

The Securities and Futures Commission (SFC) today published quick reference guides to help family offices, private equity firms, hedge fund managers and overseas and Mainland industry professionals better understand the SFC’s licensing regime.

Samantha Barrass, New Zealand Financial Markets Authority Chief Executive, Keynote Speech At The IFSO Conference On Fair Conduct

Date 22/03/2023

Samantha Barrass, FMA Chief Executive, keynote speech at the IFSO Conference on Fair Conduct at 4 Points by Sheraton, Auckland on Wednesday, 22 March 2023.

Statement By US Secretary Of The Treasury Janet L. Yellen On Ukraine-IMF Agreement

Date 21/03/2023

Today, U.S. Treasury Secretary Janet L. Yellen released the following statement on the staff-level agreement between Ukraine and the IMF for a new economic program.

“I welcome the announcement by the International Monetary Fund that it has reached a staff-level agreement with Ukraine on a 4-year Extended Fund Facility program for $15.6 billion. An ambitious and appropriately conditioned IMF program is critical to underpin Ukraine’s reform efforts, including to strengthen good governance and address risks of corruption, and provide much needed financial support. It will also bolster the economic assistance that the United States and our partners have provided that is funding essential services like schools, hospitals, and first responders, and which is offering vital support to the Ukrainian economy. This agreement is an important step towards a program and reflects months of collaborative work between the IMF and Ukrainian government, supported by Treasury and other partners of Ukraine. The United States will stand with the government and the people of Ukraine for as long as it takes in the face of Russia’s unjust, unlawful, and immoral war."