banking

Leading AI decisioning platform Rich Data Co successfully raises $28 million in Series B round to accelerate North America expansion

 Sydney, Australia: Rich Data Co (RDC) – a leading AI decisioning platform that helps banks make high-quality lending decisions efficiently and safely – has successfully raised $28 million (US$17.5m) in…

Citi Commercial Bank launches second season of the ‘Makers’ video series; Highlights Homegrown Entrepreneurs and Success Stories

Singapore — Citi Commercial Bank (CCB) Asia Pacific kicks off the second season of its ‘Makers’ video series, bringing to life the stories of visionary business leaders and how they…

Bank of Commerce Selects Infosys Finacle Suite for its Core Banking Transformation

Bengaluru, India and Manila, Philippines – November 29, 2023: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC)…

CIMB Singapore offers high interest rate of 2.88% per annum on new CIMB BusinessGo current accounts to support businesses and particularly SMEs

The interest-bearing account is one of the few available in the market and comes with additional benefits as SMEs contend with the rising costs of doing business. CIMB Singapore saw…

CIMB: Transforming Customer Experience in Support of SMEs

Westpac to raise $488 million in additional Tier 1 capital

SYDNEY, Nov 20 (Reuters) – Westpac Banking Corp (WBC.AX), Australia’s third-largest bank by market capitalisation, said on Monday it would raise A$750 million ($488.1 million) in an Additional Tier 1 (AT1)…

HSBC to build large personal banking business in India – country CEO

MUMBAI, Nov 9 (Reuters) – HSBC (HSBA.L) aims to further expand personal banking in India to serve the country’s fast-growing pool of high-earning professionals after the launch in July of its…

Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO

HONG KONG, Nov 9 (Reuters) – Deutsche Bank (DBKGn.DE) is investing more in Asia Pacific markets to woo clients seeking European lenders amid Sino-U.S. tensions and to profit from the region’s higher…

Australia’s Westpac dumps PwC as auditor after 55 years

SYDNEY, Nov 8 (Reuters) – Westpac Group (WBC.AX), Australia’s fourth-largest bank by market capitalization, on Wednesday cut ties with scandal-tainted auditor PricewaterhouseCoopers (PwC) Australia, ending a relationship stretching back to 1968….

Italy’s Fineco warns net financial income could drop in 2024

MILAN, Nov 7 (Reuters) – Italian online bank and brokerage Fineco (FBK.MI) on Tuesday signaled a possible drop in its 2024 net financial income (NFI), sending its shares down 2.8% after…

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DBS Profit Tops Estimates as Margins Grow on Rate Increases

(Bloomberg) — DBS Group Holdings Ltd. expects this year’s record level of profit to continue through 2024 after earnings beat estimates from strong margin growth in commercial lending. Net interest…

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                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

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