Tag: financial services
Hong Leong Finance wants to find a partner that will help it apply technology to its lending decisions.
Analysts predict the mergers may be hurt by a near-term shift in management attention to aligning resources such as personnel, technology and branch networks.
Together the merged banks will hold business worth US$781 billion.
Among the firms to have reportedly expressed interest in applying for a digital banking licence are Grab, Razer Inc and Malayan Banking Bhd.
The crackdown on Ghana’s banking system leaves Ghanaians unable to access their savings.
The bank agreed in April to pay US$1.1 billion to US and British authorities for conducting illegal financial transactions.
In Kenya, the value of banking transactions through mobile phones amounts to almost half of the gross domestic product.
A deepening liquidity crunch among India's shadow banks has been the biggest single factor in an auto sales collapse.
India's 63 million firms in the MSME sector are responsible for more than a quarter of the country's manufacturing and services output.
Christine Lagarde says her resignation would speed up the selection of her successor.
Equities trading revenue increased by 6% from a year ago to US$2 billion, the second-highest in four years.
Total loans at the third-largest US bank by assets rose 3% to US$689 billion, while deposits increased 5% to US$1.05 trillion, excluding foreign exchange fluctuations.
The purchase of Global PayEx reflects the importance of technology investment in achieving the JPMorgan Chase & Co’s ambitions in transaction banking.
The competition in retail lending is unreasonable and risky with firms offering zero down-payment and low-rate loans.
A move into banking would represent both a shift for Grab and fresh competition for Singapore’s banking landscape.
Heroz went on to develop artificial intelligence technologies through the creation of online games such as shogi and then use AI for a range of other services, and its shares are thriving.
Japanese officials have suggested Coincheck lacked proper security measures, leaving itself vulnerable to theft.
Two investors, from Japan and China, are reported to have agreed to invest RM8.8 billion to help raise RM10.7 billion to fund Grab’s foray into financial services and expand its ride-hailing service in seven nations.
He allowed two deposits into his Maybank account, knowing it was for the benefit of a terrorist named Muhammad Fudhail Omar.
Khairuddin and Matthias Chang had been acquitted of charges of sabotaging nation’s banking and financial system.