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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 […]
The British multinational investment bank and financial services HSBC has reportedly rolled out virtual debit cards for UAE (United Arab Emirates) companies in a recent development that is considered to be a first in the Middle East banking sector. This banking sector development reinforces its commitment to pioneering digital enhancements to meet the raising demand […]
The German multinational investment bank and financial services company Deutsche bank , Sways to its small annual profit in the year 2020 since 2014, after the gains from its Investment banking division. The largest lender of Germany posted a full-year net profit of 113 million euros which is equivalent to $135.7 million, the analysts had […]
Bank Nizwa, One among Oman’s leading Islamic bank has profitably achieved its set targets of its maiden 5 year plan (2016-2020) and is now set on a new growth path. Since launching its operations in January 2013, the bank now provides a full range of banking solutions to individuals, small and medium size enterprises, corporations […]
CBUAE (Central Bank of the United Arab Emirates) has announced to initiate the procedure for regulatory responsibility of the insurance sector pursuant to Decretal Federal Law No. (25) of 2020 where the merger of Insurance Authority was decided. The Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the CBUAE, Sheikh Mansour Bin Zayed […]
