Banking/Financial Service

AlphaCredit© enters into an agreement to raise up to USD$125 million from an investor group led by SoftBank's Latin America Fund

MIAMI, Jan. 26, 2020 /PRNewswire/ -- AlphaCredit©, a Latin American-focused FinTech platform that specializes in consumer lending and financial solutions for SMEs, has signed an equity round for up toUSD$125 million led by SoftBank's Latin America Fund, one of the leading technology investors in ...

2020-01-26 22:00 2188

Henley & Partners Discusses Sovereign Equity at Davos

LONDON, Jan. 24, 2020 /PRNewswire/ -- Henley & Partners  was delighted to take part in a Davos panel discussion during this week's World Economic Forum, which considered innovation between the individual and the sovereign state, and the benefits that can be created...

2020-01-24 20:30 4113

SCB 1OX launches "Moonshot Mission" focusing on Thailand's first "Venture Builder", aiming to become ASEAN leader in venture builder and digital technology investment

BANGKOK, Jan. 24, 2020 /PRNewswire/ -- SCB 1OX Company Limited, a subsidiary under Siam Commercial Bank PCL (SCB), announced its readiness to push forward a new growth engine for the development of digital technology capabilities through the "Moonshot Mission", set to underline the investments th...

2020-01-24 15:03 3659

DMCC Announces Crypto Valley in Dubai at Davos 2020, Boosting Blockchain Ecosystem

- World's largest ecosystem for cryptographic, blockchain and distributed ledger technologies to launch inDubai DUBAI, UAE, Jan. 24, 2020 /PRNewswire/ -- DMCC  – the world's flagship free zone and Government of Dubai Authority on commodities trade and enterprise – announced...

2020-01-24 14:43 3367

Tradewind Provides Reverse Factoring Facility to Electronics Company based in Hong Kong

HONG KONG, Jan. 23, 2020 /PRNewswire/ -- Tradewind has closed a reverse factoring deal with aHong Kong-based electronics company whose buyer is located inthe United States. The deal marks the addition of a second supplier to the vendor finance program that Tradewind has set up for the US buyer. T...

2020-01-23 18:20 3651

Digital wealth manager Kristal.AI raises 6 million in Series A funding

HONG KONG, Jan. 23, 2020 /PRNewswire/ -- Kristal.AI is a 4-year old invest-tech startup which uses a bionic approach to personalize investments. The company started its business inHong Kong since 2016 and now it is planning to use its Series A funding, to bring its AI-driven personalized wealth p...

2020-01-23 17:14 4938

Asia sees VC deals decline in fourth quarter, 2019, finds KPMG analysis

HONG KONG, Jan. 23, 2020 /PRNewswire/ -- Hong Kong saw interest from venture capital (VC) investors during Q4'19, led by aUSD 180 million funding raised by data centre construction and engineering company Chayora. Life sciences and TMT sectors remain of interest for VC investors inHong Kong, acco...

2020-01-23 16:47 2170

Ping An Presents Poverty Alleviation Model at Davos Forum on Sustainable Development

HONG KONG and SHANGHAI, Jan. 23, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company ofChina, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) presented its smart poverty alleviation model and its environmental, social and governance (ESG) management system at the World Econom...

2020-01-23 15:43 18682

Annual results 2019: Union Bancaire Privee's assets under management rise more than 10% to CHF 140.3 billion

GENEVA, Jan. 23, 2020 /PRNewswire/ -- * Assets under management were CHF 140.3 billion at the end of 2019, up 10.6% (CHF 13.5 billion) for the year. * Net inflows were positive, showing an increase of CHF 4.5 billion for the year. * Net earnings came to CHF 187.8 million, compared with CHF ...

2020-01-23 14:45 2828

Xinhua Silk Road: "Ecosphere Economy" to inject new impetus into globalization, Yili chairman

BEIJING, Jan. 23, 2020 /PRNewswire/ -- "Ecosphere Economy" featuring openness, inclusiveness, innovation and win-win cooperation will inject new impetus into economic globalization, stated Pan Gang, chairman ofChina's dairy giant Inner Mongolia Yili Industrial Group Co.Ltd. Tuesday.

2020-01-23 09:33 4465

FICO Survey: Real-time Payments Platforms Have Increased Fraud Losses for 4 out of 5 APAC Banks

SINGAPORE, Jan. 23, 2020 /PRNewswire/ -- 4 in 5 Asia-Pacific banks have seen fraud losses increase due to real-time payment platforms. Highlights: * 4 out of 5 Asia Pacific banks (78%) say the introduc...

2020-01-23 09:00 18147

Partners Capital Promotes Alex Band and Will Jagger to Partner and Announces Four Promotions to Managing Director

LONDON, Jan. 23, 2020 /PRNewswire/ -- Partners Capital, the leading global Outsourced Investment Office with$27 billion of assets under management, announces the promotions ofAlex Band and Will Jagger from Managing Director to Partner*.Edmondo Barletta, Jessica Drapkin, Murtaza Sunderji and Zheny...

2020-01-23 08:00 2185

UnionPay International and PayPal Enter Global Partnership Agreement to Accelerate Growth of Digital Payments

SHANGHAI and SAN JOSE, California, Jan. 23, 2020 /PRNewswire/ -- UnionPay International (UPI) and PayPal (NASDAQ: PYPL), today announced a global partnership where both companies will work together to accelerate the growth of their networks. As part of the agreement, PayPal has committed to suppo...

2020-01-23 06:00 3965

SINOIF launched market making for CNH futures in HKEX

SHANGHAI, Jan. 22, 2020 /PRNewswire/ -- West Coast Ltd., a subsidiary of SINOIF, has been qualified as market maker for CNH Futures (USD / CNH) inHong Kong stock exchange, and has been undertaking the responsibilities and obligations as market maker beginningJanuary 22, 2020. HKEX launched the U...

2020-01-22 09:00 2626

Cognate BioServices closes Series B and completes acquisition of Cobra Biologics

MEMPHIS, Tennessee, Jan. 21, 2020 /PRNewswire/ -- Cognate BioServices, a leading contract development and manufacturing organization (CDMO) specialized in cell and cell-mediated gene therapy products today announced that it has completed the acquisition of Cobra Biologics, a leading CDMO speciali...

2020-01-22 08:04 2895

Grab Advances 'Tech For Good' Agenda at WEF; Contributes to New Industry Guidelines

DAVOS, Switzerland, Jan. 22, 2020 /PRNewswire/ -- Grab, Southeast Asia's leading super app, today convened global leaders on the sidelines of the World Economic Forum Annual Meeting inDavos, Switzerland, to discuss the roles and expectations of technology companies in using "technology for good" ...

2020-01-22 02:04 3228

BMO Financial Group Named to Corporate Knights' Global 100 Most Sustainable Corporations in the World Ranking

* BMO ranked top bank in North America * Reflects commitment to sustainable future and carbon neutrality TORONTO and DAVOS, Switzerland, Jan. 21, 2020 /PRNewswire/ -- BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced it has been named to Corporate Knights' 2020 Global 100 Most Sustaina...

2020-01-21 21:45 18164

V1 Group Issues 75,000,000 Placing Shares at a Price of HK$0.2 Per Placing Share

HONG KONG, Jan. 21, 2020 /PRNewswire/ -- One of China's top 100 internet companies with a tri-core "Video+" business focus,V1 Group Limited ("V1 Group" or the "Company", together with its subsidiaries, the "Group"; stock code: 00082.HK), today announced to allot and issue the 75,000,000 Placing S...

2020-01-21 14:40 19314

Thailand Board of Investment Promotes Major Infrastructure Projects to Support Growth Over the Next Five years

BANGKOK, Jan. 21, 2020 /PRNewswire/ -- Thailand expects its ongoing investment in major infrastructure to be the basis of growth in the next five years, Mr. Kobsak Pootrakool, Deputy Secretary General to the Prime Minister and Secretary to theThailand's Council of Economic Ministers, said at a re...

2020-01-21 14:32 2522

Leading payments provider NIUM brings on Yogesh Sangle to drive payments ecosystem growth

SINGAPORE, Jan. 21, 2020 /PRNewswire/ -- NIUM, a global payments platform, has appointedYogesh Sangle as its new Global Head of Consumer Business. This comes as the company looks to further expand and develop its payments ecosystem to make money movement easier for consumers and businesses around...

2020-01-21 11:00 4326
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