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189 stories
The American multinational investment bank and financial services corporation, Citigroup has announced its intentions to exit the consumer banking operations in 13 countries including India. The 13 nations Citibank (the largest foreign bank in India) will pull out from are Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam. […]
The Dubai government-owned bank Emirates NBD partners with the Supply Chain firm Monimove to complement the bank’s E20. digital business bank initiative that aims to empower entrepreneurs, startups, SMEs and other businesses in the UAE. This alliance will enable Emirates NBD’s SME clients to execute their local and international transactions smoothly on an innovative supply […]
The Swedish fintech company Trustly , has announced its plans for €9 billion valuation to list on Nasdaq Stockholm exchange in second quarter. An increasing number of Fintechs are creating alternative payment rails utilizing the Open Banking infrastructure mandated in the EU. With interchange capped in the EU financial institutions seem less resistant to this […]
Australian based EML Payments has acquired 100% of Irish based Sentenial Group for €70 million. EML Payments operates through three segments: Gift & Incentive (G&I), General Purpose Reloadable (GPR) and Virtual Account Numbers (VANS). The Gift & Incentive segment provides single load gift cards for shopping malls and incentive programs across the world. Sentenial is […]
Nagad, locally developed platform, surprised the fintech world through ground-breaking service Forty million users in just two years! Starting from idea to scratch, currently Nagad became the fastest-growing mobile financial service in the world, helping the marginalized people to get financially included, a biggest step to the digital divide reduction for the nation. Since its […]
Dubai’s fintech firm YAP has launched its first Digital banking services in United Arab Emirates. YAP is a Neobank focused wholly on improving the digital banking experience. It functions as an independent app with no physical branches. The firm does not provide any loans or mortgages like the traditional banks and it does not ask […]
The British multinational investment bank and financial services holdings company HSBC plans to add 5,000 staff in Asia. To become the region’s top wealth manager and to reverse the years of underperformance. The bank plans to add investment counsellors, specialists and relationship managers to serve their clients in Singapore, Mainland china and Singapore. In a […]
One of Vietnam’s first commercial joint stock bank SeAbank is in the process of digitisation of Banking operations. Considering digitisation as the vital support of banking progression. Southeast Asia Commercial Joint Stock Bank (SeABank – Vietnam) continuously upgrades its infrastructure, To include the Latest Artificial Intelligence (AI) systems that is utilised to improve the customer […]
The American multinational technology company Nvidia which designs graphics processing units for the gaming and professional markets has announced it will design for mining Ethereum. Ethereum or Ether is an open-source blockchain featuring smart contract functionality. Ether is the native cryptocurrency of the platform and it is also the second largest cryptocurrency by market capitalization […]
The banks in Singapore are partnering with Electric Vehicle solutions firm to encourage and advance the usage of Electric vehicle among its clients in Singapore. OCBC (Oversea-Chinese Banking Corporation) The multinational banking and financial services corporation headquartered in Singapore has partnered with Charge+ which is a leading integrated EV charging solution provider for Singapore and […]
Nestle the food and drink processing conglomerate corporation and one of the largest food company in the world, is selling its bottled water brand for $4.3 billion.A Pasco county brand Zephyrhills Natural Spring Water which pumps water from nearby crystal spring into bottles throughout the southeast. The company is selling its bottled water brands ( Deer […]
Carlyle , the American multinational private equity, alternative asset management and financial services corporation is all set to invest $200 million in Kakao Mobility in a pre-initial public offering. Kakao Mobility is a technology company found in August 2017 that offers a variety of transportation-related services such as taxi, designated driver, parking and navigation through […]
