Avaloq and Japan-based NEC Corporation announced the closing of NEC’s acquisition of Avaloq. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate both companies’ long-term growth, global expansion and value creation strategy. This acquisition was first announced in October 2020, and following […]

In a new partnership with Tink, Greenly has its sights set on taking its app across Europe, and putting banks at the center of its plans to help shift behavior, by making it simple to offer a carbon tracker on individual and business bank accounts. According to Greenly, Europeans have an individual carbon footprint of […]

Australian Buy now, pay later has commenced the launch of its operations in the US market. Openpay is a fast-growing, and highly differentiated player in global BNPL payment solutions. The provider offers flexible plans in the market, focuses on industries where it can make a real difference: Automotive, Healthcare, Home Improvement, Memberships, and Education; and […]

Danske Bank has implemented AI-based technology from Quantexa, to enhance its Anti-Money Laundering (AML) monitoring and investigation capabilities. Following a pilot in 2018, the bank is now using Quantexa’s CDI platform to perform transaction monitoring on Danske’s market trading business and financial crime investigations. Quantexa’s Contextual Decision Intelligence tools has helped enhance Danske Bank’s ability to […]

MetLife has partnered with Abu Dhabi Islamic Bank to provide comprehensive life insurance solutions through ADIB’s diverse distribution channels and network of more than 60 branches. Under the agreement, MetLife will offer insurance to support the aspirations of ADIB’s customers, including financial planning programs covering different lifetime needs such as children’s education and marriage, as well […]

The National Business Centre signed an incubation agreement with Tamkin Digital Transformation Company. According to the agreement, NBC will provide Tamkin with a variety of services including office space, access to intensive training, and coaching and mentoring sessions. These services aim at developing the entrepreneurial skills which will eventually contribute to the growth of the […]

Oxford Business Group and Al Fardan Exchange team up for new Covid-19 Response Report. The Covid Response Report (CRR) provides analysis in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the country’s socio-economic landscape. The report covers pre-pandemic expansion witnessed across the UAE’s remittance market, which has benefited from the […]

SC Ventures and Northern Trust have entered into an agreement to launch Zodia Custody. Zodia enables institutions to invest in the emerging cryptocurrency assets that are transforming how financial markets operate, including transaction and settlement activities. Zodia is expected to begin operations in London in 2021. Zodia will provide custody services for the most-traded cryptocurrency assets […]

DBS has announced that it will launch full-service digital exchange which will enable Institutional Investors and Accredited Investors to tap into a fully integrated tokenization, trading and custody ecosystem for digital assets. The digital exchange will use blockchain technology to provide an ecosystem for fund raising through asset tokenisation and secondary trading of digital assets […]

UOB has pioneered an artificial intelligence (AI) anti-money laundering technology, making it Singapore’s first  bank to apply AI concurrently to two anti-money laundering (AML) risk dimensions – transaction monitoring and name screening. UOB’s new AI anti-money laundering solution helps the Bank cut through large volumes of transactions to pinpoint suspicious activities. The AI solution sieves […]