Data centre solution provider Digital Realty said on Thursday, KakaoBank, mobile bank service provider in Korea, established an artificial intelligence lab at Digital Realty’s ICN10 data centre in Seoul. This investment will empower KakaoBank to accelerate its AI-powered service enhancements, develop personalized content, also fuel research and development for new financial services, the company said. […]
Westinghouse Electric Company and construction partner Bechtel signed a cooperation agreement with the Czech Power Industry Alliance on Wednesday, to leverage the Czech Republic’s highly skilled nuclear industry to deploy AP1000 reactors in the country. The memorandum of understanding (MOU) is to facilitate the participation of Czech companies in the deployment of up to four […]
Luxury car maker BMW Group partnered with 3D modeling and software developer Dassault Systèmes on Thursday, to develop BMW Group’s engineering platform featuring Dassault’s 3D Experience platform. The strategic partnership between the two companies is a confirmation of the fundamental role of the 3D Experience platform in enabling companies to deliver products faster, said the […]
International payments company PayPal’s Alex Chriss, chief executive of the company said to reduce the workforce by about 9% in a letter to the employees, which was then posted on the company’s website, on Wednesday. Amid the elongated pressures on managing costs, most companies have opted to take the measure of multiple rounds of layoffs, […]
Financial service provider Northern Arc Capital partnered with banking institution Karnataka Bank (KBL) on Wednesday, to offer customer-centric financial solutions to retail borrowers. The non-banking financial firm said to provide its technology platform nPOS to Karnataka Bank for co-origination, co-lending and pool buy-out. Co-origination involves collaborative lending between a bank or financial institution and a […]
Energy management and automation firm Schneider Electric partnered with Charge&Go, tech investment firm on Tuesday, with an aim to drive the development of electric vehicle (EV) charging infrastructure in the UAE. The electric vehicle industry is greatly blooming in the Middle East region. Global automobile competitors have branched out to introduce EV models in hopes […]
Payment solution provider Alchemy Pay partnered with crypto infrastructure platform Zero Hash, to enhance its payment capabilities on Tuesday. This, the company said, is done through the integration of automated clearing house (ACH) transactions via Zero Hash’s full-stack API on Alchemy Pay’s On-Ramp. The finance company also said the collaboration is aimed towards expanding Alchemy […]
Real estate solutions provider, Curbio added HomeSmart, one of the fastest-growing real estate brokerage companies in the nation to its brokerage partnerships program on Tuesday. Broadly, there is a rise in the economic culture of buy now pay later (BNPL) schemes, which has opened doors for consumers with weaker incomes to shop for pricey products […]
Randall Reilly introduced major leadership changes in the company, where the talent acquisition service provider appointed Scott Miller as its Chief Executive Officer, taking over from Matt Reilly on Tuesday. The company has made this move after its recent announcement of the business split of its talent acquisition section and its industrial data division with […]
Oil and gas firm Gail India, on Monday, signed a 10-year agreement to purchase 0.5 million metric tons per annum (MMTPA) of liquefied natural gas (LNG) from peer company ADNOC Gas to strengthen the cultural and economic bonds between India and the United Arab Emirates (UAE). This newly inked deal will commence from 2026 onwards […]
Oil and gas firm QatarEnergy signed a 15-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with Texas-based peer Excelerate Energy on Monday. Excelerate agreed to purchase about 1 million tonnes per annum (MTPA) of LNG from QatarEnergy and deliver to floating storage and regasification units in Bangladesh, said the company. The firm also […]
Technology advisor firm EPlus acquired certain assets of technology solutions and service provider Peak Resources on Monday, to help drive additional growth with enhanced engineering, sales, and service delivery capabilities in the Mountain West region. The acquisition of certain assets and liabilities of PEAK Resources closed on January 26, the firm said. “Our decades of […]
Air Carbon Exchange (ACX) Group successfully connected AirCarbon’s Singapore-based trading platform, with the environmental instruments exchange operated by ACX Clearing Corporation in the Abu Dhabi Global Market, on Tuesday. The firm said this enhancement represents an important step in ACX Group’s strategy of connecting key global environmental instrument markets, as one consolidated liquidity pool operated […]
Global hybrid cloud company IBM, joined hands with commercial quantum algorithms and software developer Korea Quantum Computing (KQC) on Monday, to introduce IBM watsonx and quantum computing in Korea. The tech firm said the agreement included KQC offering IBM software and new AI infrastructure capabilities as well as IBM’s next-generation quantum computing architecture, which KQC’s […]
Max Life Insurance Company said it launched the Smart Wealth Annuity Guaranteed Pension Plan, shortly SWAG Pension Plan, which is aimed to cater to the customized needs of the customers, also with the option of increasing annuity up to 6% per annum to weather the rising inflation. This the company defines to be a non-linked, […]
