<ul>
<li>T<i>emenos’ cloud-native, AI-powered technology was recognized for leadership in nine categories, up from six last year</i></li>
<li><i>#1 Core Banking System for 16 consecutive years, more than 2X the number of deals of the 2nd placed vendor</i></li>
<li><i>#1 in Digital Banking and Channels for the 5th year in a row, with 3X more deals than the next competitor</i></li>
<li><i>#1 in Retail Payments for the 3rd year running, with 3X more deals than the next competitor</i></li>
<li><i>#1 for Neo Banks and Challenger Banks with 17 more deals than the next vendor</i></li>
<li><i>Temenos also ranked as a regional leader in the Americas, APAC, Europe, and Middle East and Africa</i></li>
</ul>
Missions | Banque de France banque-france.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banque-france.fr Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia-listed banks reported a 14 percent rise in aggregate net profit before Zakat and tax to the tune of SR 4.02 billion in March 2021 as against SR 3.53 billion a year earlier, according to data from the Saudi Central Bank (SAMA). The data covers 11 listed banks and some foreign banks operating in the Kingdom. Banks aggregate assets grew by over 11 percent year on year (YoY) to SR 3.035 trillion in March, combined deposits increased by 9 percent YoY to SR 1.980 trillion in the same month, whereas loans to the private sector saw an increase of 15 percent YoY to around SR 1.871 trillion by the end of March, financial news portal Argaam reported.
Saudi Banks Report 14 Percent Rise in Aggregate Net Profit in March albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Surveys and Reports
Regulatory Developments
United Kingdom: FCA publishes feedback statement on Open Finance
Some of the key findings that the FCA draws out in its feedback statement are:
A legislative framework would be needed for open finance to develop fully, both to provide any statutory right to data access and to support a regulatory framework.
In addition to the regulatory framework, the following building blocks would be needed for a sustainable open finance ecosystem to develop – either in support of voluntary adoption or to support future legislation:
consumer protections informed by an ethical framework;
a liability model;
an implementation entity that is funded and governed equitably; and