Exchange Bank Onboards Holly Hawkins SVP and Chief Human Resources Officer
Exchange Bank announced the appointment of Holly Hawkins as Senior Vice President (SVP) and Chief Human Resources Officer, will be responsible for developing and executing human capital strategy in support of the Bank’s overall business plan, the strategic direction of the Bank and the ongoing trends in the industry. Holly comes to Exchange Bank with […]
The Best Place to Buy XRP and Where to Find It
Itching to get a bag of XRP (after doing your homework, we hope)? After all, it is one of the most popular and reputable cryptocurrencies for a few reasons, and Ripple’s international payments network is just one of them. Sorry to curb your enthusiasm: we won’t give you the answer and name any names because beginners and seasoned […]
What Are Non-QM Mortgage Loans?
Non-QM (Non-Qualified Mortgage) mortgages are residential loans that don’t meet the strict requirements of the Consumer Financial Protection Bureau (CFPB) for Qualified Mortgages (QM). Whereas traditional loans meet uniform standards for income verification and debt-to-income (DTI) ratios, Non-QM loans permit variability in borrowers with unorthodox financial situations. These loans are extended to individuals who may […]
BankUnited Appoints New Head of Treasury Management
BankUnited Inc. (NYSE: BKU) announced it has named bank industry veteran Beth Hosen as executive vice president and head of treasury management, based in New York City. In this position, she will oversee the company’s treasury management sales, service and product, as well as its commercial card business. “Beth has an exceptional background and standard […]
Xiao-I Corporation partners with major Chinese Bank to revolutionize knowledge management
Xiao-I Corporation (“Xiao-I” or the “Company”), a leading AI company announced an important partnership with a major Chinese banking institution to enhance its knowledge management. This partnership is expected to revolutionize knowledge management, streamlining the access and management of business-related information across the organization. As the banking business rapidly evolves, the challenge of managing and […]
Egyptian banks driving the country’s new financial system
The latest reports in 2023 indicate that the Egyptian banking sector is the second largest one in Africa after South Africa. Egypt’s GDP in 2021 was approximately USD 403 billion and secured the third spot after South Africa and Nigeria. The World Bank has recognised the stability and tenacity of the Egyptian banking industry, which […]
Silvergate Capital Corporation intents to wind down operations, liquidates Silvergate Bank
Silvergate Capital Corporation, the holding company for Silvergate Bank, recently announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation […]
American Express Saudi Arabia signs partnership with Bank AlJazira for ATM network
American Express Saudi Arabia, and Bank AlJazira has successfully signed a new partnership agreement to provide American Express Cardmembers access to over +600 ATMs across the Kingdom. The agreement supports American Express Saudi Arabia’s commitment towards expanding the number of locations in which its Cardmembers can access its services. By allowing the access to ATM […]
CBUAE introduces its FIT Program
In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) Board of Directors, the CBUAE today launched its Financial Infrastructure Transformation Programme (FIT programme) to accelerate the digital transformation in the financial services […]
ABK forecasts a 19% increase in net profit in 2022
Al Ahli Bank of Kuwait (ABK) reported a net profit of KD 32.3 million in the financial year 2022. The increase in the net profit compared to the same period in 2021 was 19 percent. Net operating profit rose by 10 percent to a total KD 90.1 million, and earnings per share were 14 fils, […]
