TORONTO / Reuters Bank of Montreal (BMO), Canada’s fourth largest lender, has announced that it had launched the first biometric corporate card programme in Canada and US in partnership with Mastercard. BMO and Mastercard said the technology will enable cardholders to verify transactions using facial recognition and fingerprint biometrics when making online purchases. In a statement, they said the introduction ...

Bloomberg Tahya Masr (Long Live Egypt) Fund, initiated by President Abdel Fattah al-Sisi, is set to deliver the first and second phases of a social housing project tailored for slum residents in April. The Tahya Masr social housing project is to include 15,000 housing units to place 60,000 slum residents, said Manal Shaheen, the fund’s General Director of Development Projects. ...

Bloomberg A research unit of China’s central bank branch in Shenzhen asked commercial banks in the city to strengthen risk-control practices on household mortgage loans as property prices have soared. Mortgage leverage in Shenzhen has been far higher than in other first-tier cities since 2015, and has accumulated risks, according to the statement from the Financial Society of Shenzhen Special ...