Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

Kyriba Selected by Barilla to Provide a Global Working Capital, Treasury and Risk Management Platform

SAN DIEGO & MILAN–(BUSINESS WIRE/AETOSWire)– Kyriba (“the Company”), a global leader in cloud treasury, payments and finance solutions, today announced that Barilla, a leading global food company, has selected the Company’s Enterprise Liquidity Management platform to support its treasury, risk management and supply chain finance operations. The integration will centralize Barilla’s multiple supply chain finance programs into a single Dynamic Discounting solution that better supports its suppliers, shortens the cash conversion cycle and improves liquidity for the company. Barilla also selected Kyriba to increase cash visibility, improve cash forecasting, and digitize FX, interest…

XREX Partners with TRM Labs to Bolster Platform Security

XREX Partners with TRM Labs to Bolster Platform Security

TAIPEI, Taiwan–(BUSINESS WIRE/AETOSWire)— XREX Inc, the Taipei-headquartered neo fintech, today announced it has implemented a full suite of risk management tools developed by TRM Labs, a blockchain intelligence provider, to further enhance the platform’s ability to detect and defend against fraud, scammers and suspicious activities. XREX is among the first blockchain firms in Asia to implement TRM Labs’ risk intelligence platform, with modules including Forensics, Know-Your-VASP (Virtual Assets Service Providers), Wallet Screening, and Transaction Monitoring. These tools allow XREX to undertake real-time cross-chain analysis on all the crypto transactions on the platform, giving XREX extra…

FX and Crypto Trading Technology Specialist Gold-i Expands its Partnership Program in the Middle East

FX and Crypto Trading Technology Specialist Gold-i Expands its Partnership Program in the Middle East

LONDON–(BUSINESS WIRE/AETOSWire)– Award-winning FX and Crypto trading technology specialist, Gold-i is expanding in the Middle East and India through a partnership with EMEA Global Financial Consultancy, a United Arab Emirates (UAE) based firm which has a strong network of financial institutions, including retail FX broker clients, across the region. Gold-i, founded in 2008, has developed market-leading FX and Crypto trading solutions which have enabled hundreds of multi-asset brokers worldwide to transform their trading operations with robust liquidity management products, MetaTrader plug-ins and business intelligence tools. The UK headquartered firm’s partnership…

Cedar Rose Rolls Out its Full Range of Credit Risk Management Services in the GCC

خدمات إدارة مخاطر الائتمان في دول مجلس التعاون الخليجي

Cedar Rose has announced the launch of its comprehensive range of award-winning Credit Risk Management tools and services across the GCC. With a strong global presence Cedar Rose has been at the forefront of providing world-class business intelligence and credit risk solutions in over 230 countries to leading firms since 1997. Now to support its growth in the GCC and serve its clients better in the region, the company has stepped up its operations with an expanded facility in Dubai. Antoun Massaad, the Co-Founder and CEO of Cedar Rose, stated,…

ADCB expands mortgage business through acquisition ‎ of portfolio from Abu Dhabi Finance ‎

ADCB expands mortgage business through acquisition ‎ of portfolio from Abu Dhabi Finance ‎

Abu Dhabi, 28 February 2021: Abu Dhabi Commercial Bank PJSC (“ADCB” or “the Bank”) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC (“ADF”). The transaction provides further growth for ADCB’s retail and SME businesses in line with the Bank’s UAE-centric strategy and prudent risk management framework. ADF was established in 2008 as an Abu Dhabi-focused conventional mortgage specialist and has played a key role in the development and transformation of the real estate finance sector. The assets, with a gross book…

Hillstone Networks Breaks Barriers for Data Center Security

Hillstone Networks Breaks Barriers for Data Center Security

SANTA CLARA, Calif.–(BUSINESS WIRE/AETOSWire) – Hillstone Networks, a leading provider of enterprise network security and risk management solutions, announces a breakthrough for data center security with the Hillstone Networks X8180. Customers can secure their networks with even more performance and greater energy efficiency while achieving high reliability, scalability and adaptability in a small form factor. Today’s security landscape is nothing short of constant evolution, as remote workers, cloud migration and IoT propagate and increase the attack surface. “Security continues to be the #1 concern of the enterprise. It’s mission critical to secure…

Northern Trust Enhances Solutions for Middle East Clients with Sunday to Friday Investment Performance Valuations

Northern Trust Enhances Solutions for Middle East Clients with Sunday to Friday Investment Performance Valuations

ABU DHABI, United Arab Emirates & RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)-– Northern Trust (Nasdaq: NTRS) today announced it has evolved its Investment Performance reporting services to deliver Sunday to Friday investment returns for clients with Middle East mandates. The latest development from Northern Trust’s Investment Risk and Analytical Services (IRAS) group enables Middle East-specific performance analytics to be reported with greater depth of analytics and timeliness for local markets. The enhancement enables Sunday returns to be calculated for Middle East markets and portfolios – delivering information that is increasingly timely and representative of regional clients’ investment…

Saudi Arabia’s asset management industry resilient, cautiously optimistic in 2021

قطاع إدارة الأصول بالمملكة يستقبل عام 2021 بمرونة وتفاؤل حذر

KPMG: Saudi Arabia’s asset management industry resilient, cautiously optimistic in 2021   KPMG, the leading provider of audit, tax and advisory services in Saudi Arabia, published its first edition of the Asset management review, analyzing the industry’s financial performance through the lens of twelve large asset management firms regulated by the Capital Market Authority (CMA). The report details the dynamic shift in investment strategies and business plans amid COVID-19 crisis and how varied investor behaviors have evolved in recent times. The asset management industry in Saudi Arabia reported favorable results…

Protiviti welcomes Matthew Fitzpatrick as he returns to the UAE  to play in European Tour golf tournaments

Protiviti welcomes Matthew Fitzpatrick as he returns to the UAE

This month, global consultancy firm Protiviti welcomes its brand ambassador and golf champion, Matthew Fitzpatrick to the UAE as he plays in two European Tour golf tournaments – Abu Dhabi HSBC Championship and Omega Dubai Desert Classic. At 26 years old, Fitzpatrick is currently ranked 16th in the world. He won his final tournament of 2020, the DP World Tour Championship, in Dubai in December. Commenting on his visit to the UAE, Matthew Fitzpatrick said, “I am thrilled to be back in the UAE to play in two tournaments this…

Ajman’s Department of Finance receives 4 new ISO certifications

“مالية عجمان” تطبق إدارة استمرارية الاعمال وإدارة المخاطر

As part of its keenness to achieve the vision and directives of the Ajman government in adopting world class standards, Ajman’s Department of Finance has received 4 new ISO certifications including ISO 223301:2019 for Business Continuity Management Systems (BCMS), Business Continuity Management Standard AE/SCNS/NCEMA  7000:2015, ISO 31000:2018 for Risk management — Guidelines, as well as ISO 10002:2018 for Quality management — Customer satisfaction — Guidelines for complaints handling in organizations. The certifications were obtained in collaboration with Global Business Bureau, a business consultancy service provider and TÜV Hessen, and received…