While Westfield was established 24 years ago as part of a diversification effort by Westfield Insurance, that strategy no longer feels as necessary today. Several challenges were unfolding in the property and casualty space around the early aughts, including immense pricing pressures and high underwriting losses. At the same time, the passage of the Gramm–Leach–Bliley
Free Newsletter Get the hottest Fintech Singapore News once a month in your Inbox FPT, a Vietnamese IT services provider, has entered into a strategic partnership with audax Financial Technology, a digital banking solutions provider backed by Standard Chartered. The collaboration aims to deliver digital banking services across Asia Pacific and the Middle East, with
Rome did so by invoking its “golden power,” which was originally designed to stop foreign takeovers from threatening national security. That move did not go unnoticed in Brussels, where officials opened two distinct probes into the matter, led respectively by the financial services and the competition directorates. It has also triggered an exchange under the
Customers of BankFirst are experiencing widespread disruptions to online and mobile banking services following a nationwide outage impacting more than 1,000 financial institutions.BankFirst officials said the issue stems from a service disruption involving the bank’s core processing vendor, a third-party provider that handles transaction processing for a large number of banks across the U.S. The
Rahn Wood, co-founder, Circle Asia Technologies But this transformation is not solely driven by traditional banks or policymakers. At the core of this revolution are fintechs, Vietnam’s agile, innovative engines of change, reshaping the landscape of finance and widening the circle of opportunity for millions. Vietnam’s national digital and financial inclusion strategy aims to ensure
Ras Al Khaimah: Ras Al Khaimah Economic Zone (RAKEZ) has recently signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, aimed at facilitating the bank account opening process for RAKEZ clients. The agreement was signed by RAKEZ Chief Government & Corporate Relations Officer Yaser Abdulla Al Ahmed,
After losing in the Eastern Conference Final for the second time in three seasons, the Carolina Hurricanes have made a splash to improve their roster by acquiring defenseman K’Andre Miller in a deal with the New York Rangers on Tuesday. In the trade, the Rangers acquired a conditional 2026 first-round pick, a 2026 second-round pick,
More than 50 per cent of C-level leaders are currently utilising digital technologies such as chatbots, personalised user interface, personalised marketing and customer segmentation tools to elevate the customer experience1. Banks that successfully meet their customers’ rising digital expectations are recognising the need to place emphasis on human-centred design, and that every interaction must be
When a potential customer shops for a bank, they may visit a website or stop by a branch looking for information about how its offerings can help them manage their money when it is at rest in a deposit account, moving through the payments system or hard at work in an investment vehicle. The one
The Bengaluru police Tuesday announced the arrests of four members of a gang allegedly involved in creating mule accounts to open shell companies for siphoning money obtained through cybercrimes. The police suspect that the gang laundered a whopping Rs 150 crore using such accounts. Police Commissioner Seemanth Kumar Singh, in a press conference, said the