In its latest outlook for the Islamic finance sector, S&P Global Ratings said the ongoing Middle East conflict could lead to total and partial loss events for a small number of rated sukuk, particularly where they have underlying assets targeted by military events. The agency already examined top-rated sukuks to identify high-risk areas in the current geopolitical environ...

Westpac NZ, a provider of retail and commercial banking services in New Zealand and Australia, has become the first major financial institution in the region to implement a Microsoft platform that features built-in AI. The initiative aims to improve employee-customer interactions and reduce wait times in contact centres.

Westpac has already rolled out the Microsoft Dyn...

First Horizon Bank announces the expansion of its New Orleans banking team with the addition of two experienced banking professionals: Colin O’Flynn, Senior Commercial Relationship Manager and Paul Delord, Private Client Relationship Manager.

Colin O’Flynn has more than 14 years of experience and most recently served as a Commercial Banking Relationship Manager with Ha...

The Central Bank of the United Arab Emirates (CBUAE) and its Philippine counterpart, the Bangko Sentral ng Pilipinas (BSP), have signed a memorandum of understanding (MoU) during a virtual ceremony, with the aim of developing financial infrastructure, promoting economic collaboration, and strengthening bilateral trade.

The MoU was signed by H.E. Khaled Mohamed Balama, ...

United States-based Liberty Mutual Insurance, a 110-year-old insurance industry veteran, has added Jacqui Canney, Chief People and AI Enablement Officer at ServiceNow, to the company’s board of directors.

“We are pleased that Jacqui has joined our board of directors. She is a proven leader in global talent strategy and large-scale transformation, with deep experience h...