Bank of Beirut has implemented Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9. The accounting standard replaces the IAS 39 standard and came into effect at the start of the year. It addresses classification and measurement, impairment methodology and hedge accounting.

Business bank account Penta today announced a €7 million investment round as its customer base continues to grow at pace. User numbers have increased over 900%, since the company's last fundraise just eight months ago. This brings Penta’s total fundraising to €10M.

A transparent, community-driven approach and active commitment to world-leading customer service has helped Penta win favour of the German business community since launching back in December 2017.

International Financial Corporation (“IFC”), a member of the World Bank Group, and Ant Financial Services Group (“Ant Financial”), the world’s leading tech company and the operator of Alipay, jointly announced the 10x1000 Tech for Inclusion programme at the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group.

Murex, a global leader in trading, risk and back-office solutions for the capital markets and Al Rajhi Bank, the largest Islamic bank in the world, are pleased to announce that Murex’s MX.3 platform has been selected to support the bank’s evolving Islamic finance activities and to meet the demands of local and international regulators.  

There are a lot of discussions on LinkedIn about the Brex duo - two 22-year olds who built a unicorn in less than two years.

On the heels of its renewal with the International Olympic Committee through 2032, Visa (NYSE:V), the International Olympic Committee (IOC) and the International Paralympic Committee (IPC) today announced a commitment to enhancing the experience for fans of the Olympic and Paralympic Games around the world. 

UniCredit Bank Hungary and Alipay have signed an agreement, the first in the country, making China's most widespread mobile payment method available to Chinese visitors coming to Hungary from 2019

Palo Alto Networks (NYSE:  PANW), the global cybersecurity leader, announced today that it has completed its acquisition of RedLock Inc., a cloud threat defense company. For Palo Alto Networks, the transaction will extend its cloud security leadership.