Yes Bank takes possession of Anil Ambani’s group headquarter in Mumbai for failure to repay dues
Jul31

Yes Bank takes possession of Anil Ambani’s group headquarter in Mumbai for failure to repay dues

Yes Bank has taken over the headquarter of Anil Ambani’s group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday. Nearly all the major companies in Anil Dhirubhai Ambani Group (ADAG) were operating out of the...

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‘Response rates have been too slow’: Westpac brings call centre jobs back to Australia
Jul31

‘Response rates have been too slow’: Westpac brings call centre jobs back to Australia

Westpac is moving 1000 jobs that are being carried out in India and the Philippines back to Australia after complications in overseas operations led to slow customer service and cost the lender valuable business during the pandemic. The country’s second-largest bank pointed to a surge in customers needing assistance and delays in its home loan processing and call centres as it announced it would bring the jobs back to Australia....

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HKEX hires top women managers to oversee IPO applications after bribery scandal taints world’s favourite market
Jul17

HKEX hires top women managers to oversee IPO applications after bribery scandal taints world’s favourite market

Hong Kong Exchanges and Clearing has installed two senior executives to tighten its stock-listing process following a bribery scandal that tainted the world’s favourite initial public offering (IPO) market last year. The stock exchange operator named accountant Karen Lok as senior vice-president and head of listing compliance – a newly created position – to improve governance and internal controls, it said in a statement...

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India, United States likely to partner on 5G: US-India Business Council chief
Jul17

India, United States likely to partner on 5G: US-India Business Council chief

India and US are likely to partner on 5G network, US India Business Council (USIBC) President Nisha Biswal said on Thursday, adding that technology sector is a “very important area” of collaboration between our two countries. In an interview to ANI, Biswal said expects that digital commerce and all areas of the technology collaboration are going to continue to grow. “I do think that the technology sector is a very important area of...

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Sapiens Announces a New Version of its Life Core Suite with Cloud-Native Architecture
Jun23

Sapiens Announces a New Version of its Life Core Suite with Cloud-Native Architecture

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced the general availability of its upgraded Sapiens CoreSuite for Life & Annuities for North American customers and Sapiens CoreSuite for Life & Pension for clients in the EMEA and APAC regions (both suites are referred to as “CoreSuite” in this PR). Version 9 features a new and improved SmartSuite...

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COVID-19 prompts biggest peak in money transfers since records began for many digital providers
Jun23

COVID-19 prompts biggest peak in money transfers since records began for many digital providers

In April this year, The World Bank predicted the sharpest decline of remittances in recent history. They projected that global remittances were to decline by almost 20% in 2020 due to the economic crisis induced by the COVID-19 pandemic and lockdown measures emplaced by countries around the world. We’ve seen the biggest drop in activity since the great depression, which is why such a prediction from the World Bank should not come as a...

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10 Million Asia Pacific Small Businesses to Participate in Visa’s Global Program to Spur Recovery Through Digital Commerce
Jun23

10 Million Asia Pacific Small Businesses to Participate in Visa’s Global Program to Spur Recovery Through Digital Commerce

Visa today announced a commitment to support 10 million small businesses across Asia Pacific in an effort to get local communities back to business in the wake of the COVID-19 pandemic. Visa is introducing a range of programs and solutions to help small and medium enterprises (SMEs) drive efficiency and sales by accepting and making payments digitally to meet increased demand for cashless payments – both online and in-store. Visa also...

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Wirex applies for PS Act Licence in Singapore
May13

Wirex applies for PS Act Licence in Singapore

Leading payments platform, Wirex, is working closely with the Monetary Authority of Singapore (MAS) in order to acquire a licence under the new Payments Services (PS) Act. The licence will allow Wirex to continue to provide pioneering services in Singapore, including giving customers the opportunity to seamlessly buy, hold, exchange and spend over 150 traditional and cryptocurrencies using one easy-to-use app and travelcard. The news...

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Deutsche Bank appoints Sebastien Avot as new Head of Distribution & Credit Solutions and Trade Finance for Financial Institutions in APAC
Feb21

Deutsche Bank appoints Sebastien Avot as new Head of Distribution & Credit Solutions and Trade Finance for Financial Institutions in APAC

Deutsche Bank has today announced the appointment of Sebastien Avot as the new Head of Distribution & Credit Solutions and Trade Finance for Financial Institutions (TFFI) for Asia-Pacific (APAC). Sebastien will report to Guy Brooks, Global Head of Distribution & Credit Solutions and Russell Brown, Global Head of Trade Finance for Financial Institutions, globally and Atul Jain, Regional Head, Trade and Lending Asia-Pacific,...

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Viola, Israel’s Largest Technology Investment Group, Announces A New Global FinTech Fund
Dec06

Viola, Israel’s Largest Technology Investment Group, Announces A New Global FinTech Fund

Viola announces an initial closing of $100 million toward a target of $120-$150 million, for a new global FinTech fund. The fund is backed by selected leading global banks, insurance companies and asset managers from North America, Europe, APAC and Israel, including Scotiabank, The Travelers Companies, Inc  and  Bank Hapoalim. Viola FinTech is a cross-stage venture fund that invests globally in FinTech companies alongside leading...

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Wolters Kluwer Hires Finance & Risk Market Manager for APAC Business
May09

Wolters Kluwer Hires Finance & Risk Market Manager for APAC Business

Wolters Kluwer’s Finance, Risk & Reporting business has hired Sarfaraz Ahmed as Market Manager, Finance and Risk, for its growing Asia Pacific (APAC) business. Ahmed joins Wolters Kluwer from Standard Chartered Bank where he contributed to the bank’s various mandates for the past ten years, including those in risk analytics, policies, processes and systems. In his most recent role at Standard Chartered Ahmed was Stream Lead for...

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Currencycloud to Power APAC Expansion for Digital Enterprises
Oct12

Currencycloud to Power APAC Expansion for Digital Enterprises

Introduction of local payments to Hong Kong, Singapore, Thailand, China, Australia and India will connect Currencycloud clients seamlessly with Asia Currencycloud will be supporting digital enterprises to set their sights beyond Europe, with the introduction of six new local payout countries in APAC to its platform. Clients building digital platforms will be able to integrate low cost and predictable local payments in Hong Kong Dollar...

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