The S&P Global Eurozone Construction Total Activity Index fell from 44.9 in October to 43.6 in November, indicating a seventh consecutive monthly contraction in activity levels across eurozone’s construction sector. Notably, the decline was the strongest since May 2020 and marked overall. France (40.7) led the downturn, followed by Germany (41.5) which had recorded the […]
Cloud-native core banking engine, SaaScada, today announced it was selected by astrantiaPay to launch a Swiss point of contact for international businesses looking to open and run corporate bank accounts in Switzerland. Once regulatory approval is in place, astrantiaPay will provide mission-critical payment services to sophisticated Swiss, European, and global companies. “Promoting SMEs is high […]
UK Export Finance (UKEF) has today announced up to £4bn is now available for Moroccan buyers for projects in the region, provided at least 20% of the content is sourced from UK businesses. To promote UK and Moroccan trade, UKEF has appointed a new International Export Finance Executive (IEFE), based in Casablanca, to help galvanize […]
Salt Edge, a global Open Banking pioneer, has announced its expansion to the Kingdom of Saudi Arabia, aiming to help banks and other financial institutions to bring innovative solutions to the market and contribute to the Kingdom’s efforts toward the digital rise of technologies via Open Banking. The Saudi Central Bank (SAMA) sees Open Banking […]
According to Savills latest research, Belgium, Ireland, Italy and Spain saw office transaction volumes in Q3 2022 at 167%, 157%, 68% and 25% above the five year Q3 average respectively. This is against a backdrop of increased caution around rising risk free rates which has impacted European office investment transactions. Transaction volumes reached €19bn for […]
Mazars, the international audit, tax and advisory firm has released the fifth edition of its Financial Reporting of European Banks report, which focuses on European banks’ expected credit loss (ECL) levels in H1 2022. The report is based on analysis of information published in the annual reports of 26 banks across 11 European countries including […]
UK Export Finance (UKEF) will become the first export credit agency in the world to introduce Climate Resilient Debt Clauses (CRDCs) into its loan agreements. These will provide low-income countries and small island developing states the ability to defer debt repayments in the event of a severe climate shock or natural disaster. This is part […]
Wio Bank, the first platform bank regulated by the Central Bank of the United Arab Emirates (UAE), has announced its successful go live on Mambu. Mambu’s cloud-native banking platform enables Wio Bank to achieve a faster time to market as it helps establish the UAE as a hub for the growing digital economy. Wio Bank […]
A new report by the Institute of Export & International Trade (IOE&IT) and Flint Global entitled ‘Enhanced efficiency: Building a UK border fit for the 21st century’ has found that challenges for UK traders continue to increase. Policy recommendations The report identifies five key policy pillars for a new world-class UK border. These include: Creating […]
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today announced a new partnership with Trust Payments, a leader in fintech powering truly innovative customer commerce solutions. JCB’s growing community of over 140 million cardmembers will now be able to seamlessly make payments across Trust Payments’ vast network of online and physical […]
