HSBC today announced the inauguration of its new U.S. headquarters at The Spiral, a renowned office building in New York City's Hudson Yards neighborhood, marking its largest U.S. relocation to date.
FE fundinfo, a leading financial data company connecting the asset management industry to distribution networks in the UK, Europe and Asia Pacific, has continued its European expansion with the acquisition of Frankfurt-headquartered Dericon, a pioneering fintech in Germany's wealth management industry.
Wio Bank PJSC, the region's first platform bank built to serve tomorrow's customers, has announced its financial results for the fiscal year 2023, underscoring its rapid journey to profitability. As a leading choice for SMEs, the company reported a revenue of AED 266.4 million and a net profit of AED 2 million, marking its first full year of operations with impressive profitability since its launch in September 2022.
Raqami Islamic Digital Bank Ltd. (RIDBL), one of five aspirants to the digital retail bank license under the Licensing and Regulatory Framework for Digital Banks, 2022 is thrilled to announce a strategic partnership with 1LINK, Pakistan's largest Payment Service Provider / Payment Service Operator. The signing ceremony took place at the 1LINK Office in Park Towers, Karachi and was attended by the senior management of both organizations, symbolizing their dedication to innovation with excellence.
Leading insurtech specializing in connected insurance for commercial auto, Cover Whale announces $27.5 million funding in debt and equity from investment funds managed by Morgan Stanley Expansion Capital.
A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa.
