Finance

Tue, 25 Mar 2025 3 Min Read

MEXC Announces Term Finance (TERM) Listing with 120,000 TERM and 109,000 USDT Prize Pools

VICTORIA, Seychelles, March 25, 2025 -- MEXC, a leading global cryptocurrency exchange, is pleased to announce that the Term Finance (TERM) will be listed on March 26, 2025 (UTC). To celebrate this listing, MEXC will launch a special Launchpool event featuring a 120,000 TERM token prize pool, providing new and existing users with exciting opportunities to earn rewards. The TERM token, which has a total supply of 100,000,000, serves as the utility token for Term Finance, a decentralized fixed-rate lending protocol. The platform utilizes on-chain auctions to enable loans, allowing users to lock in funding costs or secure fixed-rate returns with crypto-backed loans. It offers a transparent and competitive market-clearing rate for both borrowers and lenders. To learn more about the TERM token and its role within the Term Finance ecosystem, read the full article here.

Mon, 24 Mar 2025 3 Min Read

Bybit Named Best Crypto Exchange UAE 2025 by Global Business & Finance Magazine

DUBAI, UAE, March 24, 2025 -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been awarded the "Best Crypto Exchange UAE 2025" by Global Business & Finance Magazine Awards. This recognition underscores Bybit's exceptional performance, innovative approach, and steadfast commitment to the burgeoning digital asset landscape in the United Arab Emirates. The Global Business & Finance Magazine Awards, celebrated for their rigorous, merit-based selection process, acknowledge companies and individuals demonstrating significant contributions to the business and finance sectors. Bybit's award reflects its impactful achievements, market leadership, and dedication to pioneering advancements within the UAE's crypto ecosystem.

Wed, 19 Mar 2025 4 Min Read

IIFL Home Finance and Maharashtra Housing Development Corporation Ltd. (MHDC) Partner to Accelerate Affordable Housing in Maharashtra

Partnership to Finance and Sell 3,000 Affordable Homes under PMAY within Maharashtra MUMBAI, India, March 19, 2025 -- IIFL Home Finance Ltd., India's leading affordable home finance companies, today announced a strategic partnership with Maharashtra Housing Development Corporation Ltd. (MHDC) to promote affordable housing projects and facilitate home financing in Maharashtra. The collaboration, formalized through a Memorandum of Understanding (MoU) signed in the presence of Mr. Monu Ratra, IIFL Home Finance along with officials from MHDC, which aims to accelerate the sale of approximately 3,000 tenements under the Pradhan Mantri Awas Yojana 2.0 (PMAY 2.0) within the state.

Wed, 19 Mar 2025 4 Min Read

Manba Finance Limited forms Strategic Alliances with BGauss Auto, Fin Coopers Capital, and ProsParity to promote Sustainable Mobility and Financial Empowerment in India

Supports Manba Finance Limited's Vision for a Digitally Advanced IndiaLeverages partnerships to drive Financial Solutions for vehicle financingMUMBAI, India, March 19, 2025 -- Manba Finance Limited, a leading NBFC providing tailored financial solutions to meet the varied requirements of customers, today announced forming a strategic alliance with BGauss Auto, Fin Coopers Capital, and ProsParity to drive India's shift towards sustainable mobility and empower the aspirations of customers across the country.

Tue, 18 Mar 2025 4 Min Read

Canara HSBC Life Insurance Partners with GIC Housing Finance to Strengthen Financial Security for Home Loan Borrowers

Strategic alliance to offer credit life insurance, to provide financial protection for home loan customers MUMBAI, India, March 18, 2025 -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance") has entered a strategic distribution partnership with GIC Housing Finance Limited ("GICHF") to provide enhanced financial security solutions to GICHF's home loan customers. Through this partnership, Canara HSBC Life Insurance will offer its 'Group Asset Secure' product —a comprehensive credit life insurance plan—designed to protect borrowers and their families against loan liabilities in the event of unforeseen circumstances.

Thu, 13 Mar 2025 4 Min Read

OCBC Unifies Global Finance with Oracle Fusion Cloud ERP

Southeast Asia's second largest financial services group moves finance to the cloud to streamline financial processes, improve insights, and enhance compliance SINGAPORE, March 13, 2025 -- Oracle CloudWorld Tour -- OCBC, Southeast Asia's second largest financial services group by assets, is using Oracle Fusion Cloud Enterprise Resource Planning (ERP) to support its purpose to enable people and communities to realize their aspirations. With Oracle Cloud ERP, OCBC has unified its global finance platform to increase efficiency and enhance decision-making, as it continues to strengthen its ASEAN-Greater China network.

Tue, 04 Mar 2025 5 Min Read

PRIORITY Summit in Miami Highlights Saudi Arabia's Key Role in Geopolitics, Finance, Technology, and Sports; Southeast Asia, India, U.S., and Saudi Arabia Eyed as Top Investment Destinations by Global Investors in 2025

BENGALURU, India and MIAMI, Fla., March 4, 2025 -- The PRIORITY Summit, hosted by the Future Investment Initiative (FII) Institute in Miami, underscored Saudi Arabia's growing influence across geopolitics, finance, technology, and sports. The event attracted top leaders from politics, finance, and technology, reinforcing its status as one of the premier global investment conferences. A major highlight was President Donald Trump's participation, where he expressed optimism that 2025 would see an end to ongoing global conflicts. He thanked Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud for hosting the U.S.-Russia talks on the Ukraine crisis in Riyadh. The President also invited global investors to continue investing in the U.S.

Tue, 04 Mar 2025 3 Min Read

Hexaware Among the World's Top 25 IT Services Brands: Brand Finance IT Services 2025

MUMBAI, India and ISELIN, N.J. and LONDON, March 4, 2025 -- Hexaware Technologies, a leading IT services and solutions provider, proudly announces its entry into the Top 25 Most Valuable IT Brands globally, as recognized in the Brand Finance IT Services 25 2025 report. This milestone highlights Hexaware's unwavering commitment to innovation, excellence, and industry leadership. Hexaware's brand value has soared from USD 724 million in 2024 to USD 824 million in 2025, reflecting a remarkable 14% year-on-year growth. Over the past four years, the company has clocked an impressive 124.5% growth in brand value. It has climbed five ranks to secure the 24th position this year, with its Brand Strength Index (BSI) advancing from 73.4 to 76.4 and its brand rating elevated to AA+. The report attributes this impressive growth to stable financial performance and an enhanced BSI despite challenging geopolitical conditions and disruptions in decision-making.

Thu, 27 Feb 2025 5 Min Read

Sunsure Energy secures INR ~129 crore in long-term debt financing from Tata Capital and Aditya Birla Finance for its solar plant in Augasi, Uttar Pradesh

NEW DELHI, Feb. 27, 2025 -- Sunsure Energy, the preferred renewable energy solution provider for India's leading businesses transitioning to green power, has announced INR 128.82 crore long-term debt financing from Tata Capital and Aditya Birla Finance Limited (ABFL). This financing has been used to construct Sunsure's commissioned 49 MWp open-access solar plant in Augasi, Uttar Pradesh. The financing will support company's 145 MWp portfolio of commissioned solar open-access projects in the state, further reinforcing its market leadership.

Mon, 24 Feb 2025 5 Min Read

WeBank Wins Three Awards at The Asian Banker Excellence in Retail Finance Services Awards Ceremony 2025

TOKYO, Feb. 24, 2025 -- WeBank was honored with three prestigious awards at The Asian Banker's 2025 Banking Innovation Annual Meeting and Global Excellence in Retail Financial Services Awards Ceremony recently held in Tokyo, Japan. The accolades include "Best Digital Bank in Asia Pacific", "Best Digital Bank in China" and "Best AI/Gen AI Application in SME Marketing Initiative in Asia Pacific", recognizing WeBank's outstanding achievements in inclusive finance and innovative application of financial technology in MSME finance.

Mon, 24 Feb 2025 5 Min Read

Bybit Invests $1M in EthicHub Through Blockchain for Good Alliance to Drive Agricultural Finance for Global Farming Communities

DUBAI, UAE, Feb. 24, 2025 -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, proudly announces a $1 million impact investment in EthicHub, facilitated through the Blockchain for Good Alliance (BGA). Since pioneering the Blockchain for Good Alliance in April 2024, Bybit has championed the use of blockchain innovations to solve real-world challenges. EthicHub, a key project supported by the BGA Incubation Programme and the Grand Social Impact Award winner at the BGA Web3 Oscar, exemplifies this vision by leveraging blockchain to drive financial inclusion and empower smallholder farmers. This investment aligns with Bybit's commitment to leveraging blockchain technology for tangible social impact, driving financial inclusion for smallholder coffee farmers in emerging markets.

Thu, 20 Feb 2025 4 Min Read

IRFC, NBCFDC and AIF Join Forces to Empower 500 Rural Women with Skills and Financial Inclusion in Nuh and Haridwar

The American India Foundation (AIF), in collaboration with the Indian Railway Finance Corporation (IRFC) and the National Backward Classes Finance and Development Corporation (NBCFDC) has successfully

Sun, 16 Feb 2025 3 Min Read

Joint Statement by Saudi Finance Minister and IMF Managing Director on Supporting Recovery in the Middle East's Conflict-Affected Economies

ALULA, Saudi Arabia, Feb. 16, 2025 -- On the sidelines of the inaugural annual global AlUla Conference for Emerging Market Economies in Al Ula, Saudi Arabia (February 16-17), Saudi Arabia's Finance Ministry and the International Monetary Fund (IMF) co-hosted a high-level roundtable on "Working Together to Support Recovery in the Middle East's Conflict-Affected Economies", with a focus on Syria, bringing together finance ministers of countries in the region, the Minister of Foreign Affairs of Syria, the Managing Director of Operations at the World Bank Group and heads of other International Financial Institutions and the Arab Coordination Group.

Thu, 13 Feb 2025 3 Min Read

Saudi Ministry of Finance and IMF Prepare to Launch AlUla Conference for Emerging Market Economies

RIYADH, Saudi Arabia, Feb. 13, 2025 -- The AlUla Conference for Emerging Market Economies, organized jointly by the Saudi Ministry of Finance and the International Monetary Fund (IMF), kicks off next week February 16-17, 2025 in AlUla, Kingdom of Saudi Arabia. The annual high-level event is a prominent global platform aimed at promoting dialogue and cooperation regarding the economic challenges facing emerging markets, in the context of structural transformations of the global economy, by bringing together decision makers, prominent economists, and experts from around the world.

Wed, 05 Feb 2025 4 Min Read

Aye Finance partners with Credgenics for digital transformation in debt collection

The engagement will leverage advanced digital capabilities across the collections lifecycle to make the processes future-ready NEW DELHI, Feb. 5, 2025 -- Aye Finance, one of the leading NBFCs providing business loans to the largely underserved micro-scale enterprises in India has joined hands with Credgenics, an AI-powered platform for debt collections and resolutions. This engagement will digitally transform Aye Finance's debt collections and resolution processes by deploying Credgenics' advanced technology platform.

Fri, 31 Jan 2025 3 Min Read

BlackDuckRWA Takes Flight with Token Launch - Bridging Traditional Finance and Web3

DUBAI, UAE, Jan. 31, 2025 -- BlackDuckRWA proudly announces the successful launch of its BD crypto token, a groundbreaking digital asset designed to seamlessly integrate traditional finance with the rapidly evolving Web3 ecosystem. Established in 2019, the company's pioneering model empowers investors to qualify for rewards generated from trading within the $7.5 trillion foreign exchange (Forex) market, offering unparalleled access to structured financial products on-chain. Following a fair launch on the Solana network on January 24, BD exceeded expectations, attracting 2,000 wallet holders in just five minutes and reaching a £3 million market cap within days. With a robust six-month roadmap and a strong emphasis on regulatory compliance, BlackDuckRWA is now preparing for major exchange listings in the coming months to expand its global reach.

Wed, 29 Jan 2025 4 Min Read

Manba Finance Limited announces Q3 FY25 Results; PAT grows 168.34%

MUMBAI, India, Jan. 29, 2025 -- Manba Finance Limited, a Non-Banking Finance Company (NBFC) offering financial solutions for new 2-Wheelers, 3-Wheelers, Electric 2-Wheelers, Electric 3-Wheelers, Used Cars, Small Business Loans and Personal Loans has announced its financial results for the third quarter ended 31st December 2024. Q3 FY25 Compared with Q3 FY24: Revenue from Operation has increased to Rs. 68.87 Crore in Q3 FY25 from Rs. 48.07 Crore in Q3 FY24, registering a Y-o-Y growth of 43.26%The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stood at Rs. 43.58 Crore in Q3 FY25, as against Rs. 27.53 Crore in Q3 FY24 registering a Y-o-Y growth of 58.28%Profit Before Tax (PBT) is Rs. 16.46 Crore for Q3 FY25 as compared to Rs. 6.31 Crore in Q3 FY24, registering a Y-o-Y growth of 160.81%Profit After Tax (PAT) is Rs. 12.96 Crore in Q3 FY25 as against Rs. 4.83 Crore in Q3 FY24, registering a Y-o-Y growth of 168.34%EPS Earnings per share (EPS) for Q3 FY25 is Rs. 2.58, against Rs. 0.96 in Q3 FY24

Fri, 17 Jan 2025 5 Min Read

IIFL Home Finance Partners with Common Services Centre (CSC) to Expand Rural Reach

Services to be launched in Andhra Pradesh, Telangana, Karnataka, Gujarat & Madhya Pradesh in the first phase NEW DELHI, Jan. 17, 2025 -- IIFL Home Finance Ltd., India's leading affordable housing finance company, announces a strategic partnership with Common Services Centre (CSC), a dedicated network of Village Level Entrepreneurs (VLEs) under the Ministry of Electronics & Information Technology (MeitY), Government of India. The collaboration aims to utilize CSC's digital platform, spanning 6 lakh CSC centers across the country to facilitate home finance queries and lead generation in different states of India.

Wed, 15 Jan 2025 5 Min Read

CFA Society India Hosts the 15th Annual India Investment Conference

CFA Society India successfully hosted the 15th edition of its flagship event, the India Investment Conference, on January 11, 2025, in Mumbai.

Mon, 13 Jan 2025 3 Min Read

JSW MG Motor India Partners With Kotak Mahindra Prime for EV Financing

JSW MG Motor India today announced its partnership with KMPL to offer a finance solution for its innovative Battery-As-A-Service (BaaS) ownership program to EV customers.

Fri, 10 Jan 2025 3 Min Read

Northern Arc Releases Sustainability Report Showcasing ESG Integration and Long-Term Impact

Northern Arc Capital (NACL), a leading diversified financial services firm, has released its inaugural Sustainability Report for FY2024, showcasing the seamless integration of ESG principles into its

Fri, 10 Jan 2025 2 Min Read

Nadcab Labs Launches 25-Day Wallet Development Guarantee for Decentralized Finance

PRAYAGRAJ, India, Jan. 10, 2025 -- As decentralized finance (DeFi) continues to redefine the global financial landscape, the demand for secure and efficient DeFi wallets has skyrocketed. Nadcab Labs, a leader in blockchain innovation, is meeting this demand with its 25-day DeFi wallet development guarantee. This game-changing service ensures businesses can launch fully operational wallets rapidly, with a promise of a 10% discount if the timeline is not met. It offers a comprehensive DeFi wallet development service designed to empower businesses with fast, secure, and customizable solutions for the decentralized finance ecosystem. With a focus on rapid delivery, Nadcab ensures that clients can launch their wallets in just 25 days, gaining a competitive edge in the fast-evolving DeFi space.

Fri, 03 Jan 2025 2 Min Read

HRTech SaaS Startup Zimyo Promotes Naresh Gupta as Co-founder and CFO, Appoints Vinay Kumar as CTO and Mayank Singh as CBO

SaaS startup Zimyo has elevated its VP of Finance Naresh Gupta as a co-founder and Chief Finance Officer (CFO). Additionally, it has appointed Mayank Singh as Chief Business Officer (CBO), and Vinay K

Mon, 30 Dec 2024 3 Min Read

Klay Welcomes Ravinder Singh as Managing Director - Wealth Management

Klay, a global boutique financial services firm specialising in wealth management and investment solutions across 7 countries, is pleased to announce the appointment of Ravinder Singh as Managing Dire

Mon, 23 Dec 2024 2 Min Read

Siraj Finance PJSC signs an agreement with Azentio for iMAL core and digital financial services solution subscription optimization

SINGAPORE, Dec. 23, 2024 -- Siraj Finance PJSC, a leading Islamic Finance Company in the UAE, has signed an agreement with Azentio, a pioneer in the core banking technology service provider. The agreement represents the collaboration for implementation of the core and digital banking solution to further enhance the operational capabilities and digitization of Siraj Finance's product and service offerings. The step is directly in line with Siraj Finance's goal of providing diversified Islamic financial products and services via channels that are innovatively utilizing latest technology while remaining customer centric and regulatory compliant.

Tue, 10 Dec 2024 4 Min Read

VERO Labs Joins Forces with Avalanche to Launch Community Finance (CoFi) Model on Layer 1 (L1) Blockchain

VERO's CoFi model on a custom L1 blockchain allows creators to unlock the power of their superfans NEW YORK, Dec. 10, 2024 -- VERO Labs, the social technology company operating the ad-free social network VERO™, today announced plans to launch a custom L1 blockchain on Avalanche during Abu Dhabi Finance Week. This initiative is set to unlock the multi-trillion-dollar fan-based asset market, offering creators and superfans new ways to connect, engage, and invest in each other's success.

Mon, 09 Dec 2024 4 Min Read

Uncia Wins Prestigious Award for Best Supply Chain Finance Implementation at the IBS Intelligence Global FinTech Innovation Awards 2024

CHENNAI, India, Dec. 9, 2024 -- Uncia has been honored with the Best Supply Chain Finance Implementation – Best Project Implementation award at the 6th edition of the IBS Intelligence Global FinTech Innovation Awards 2024. Recognized as a hallmark of excellence, the Global FinTech Innovation Awards celebrate revolutionary advancements in banking technology. The awards spotlight the transformative power of innovation, highlighting outstanding implementations in traditional banking technologies as well as the cutting-edge adoption of emerging technologies.

Tue, 26 Nov 2024 3 Min Read

Partnering up with APIX, Hitachi Launches Green Finance Innovation Challenge: Seeking Innovative Green Financing Solutions

In collaboration with leading innovation platform APIX, Hitachi has launched the Green Finance Innovation Challenge - seeking to collaborate with potential partners to help achieve Net Zero goals. Open for applications till 6 December 2024, this innovation challenge welcomes solution providers from around the world to submit their innovative proposals. Fintechs, startups, academia and tech companies with the aspirations to collaborate with Hitachi are encouraged to apply. SINGAPORE, Nov. 26, 2024 -- The building industry accounts for 40% (ref: UN Env. Program) of global energy-related carbon emissions, making it a significant contributor to climate change. Achieving net-zero emissions in this sector is not just an ambitious goal, it is also an important and urgent necessity for a sustainable future.

Mon, 25 Nov 2024 4 Min Read

Request Finance acquires Pay.so Lithuania; launches revolutionary one-click crypto/fiat payment solution.

The acquisition allows clients to compliantly make payments to third parties, pay bills, and pay employees with a one-click on/off ramp feature. PARIS, Nov. 25, 2024 -- Request Finance, a leader in crypto and fiat financial operations, has announced its acquisition of Pay.so Lithuania, a regulated VASP. The acquisition enables Request Finance to provide a fully compliant, one-click on/off ramp payment solution that bridges crypto and fiat, streamlining global transactions for businesses of all sizes. Now, Request provides a multi-payee on/off ramp, consolidating its position as the one-stop shop for all finance operations of businesses of all sizes.

Mon, 25 Nov 2024 5 Min Read

Post-Covid Financial Sector Boom: Chandigarh University Students Bag High-Paying Roles in Banking & Finance, 131 Join MNCs, 26 Land Top Govt Bank Jobs

25 Chandigarh University Students Secure Top Positions in Private Banks, 26 Land Jobs in Government Banks, 16 as Probationary Officers CHANDIGARH, India, Nov. 25, 2024 -- With India's Banking, Financial Services and Insurance (BFSI) sector witnessing exponential growth post the Covid-19 pandemic, 131 MBA students of Banking and Financial Engineering at Chandigarh University have secured jobs in prestigious banks, finance, insurance and wealth management companies in the past two years (2023 and 2024).

Wed, 20 Nov 2024 3 Min Read

DIGITAL NEWS PLATFORM MONIIFY TO DELIVER BUSINESS AND FINANCE CONTENT FOR MILLENNIALS AND GEN-Z IN EMERGING MARKETS

Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy. DUBAI, UAE, Nov. 20, 2024 -- MONIIFY (moniify.com), a digital news platform for Zillennials, founded by businessman and entrepreneur Naguib Sawiris, will launch on November 26, 2024.

Wed, 06 Nov 2024 3 Min Read

ADQ Announced as the Headline Partner for Abu Dhabi Finance Week

ABU DHABI, UAE, Nov. 6, 2024 -- ADGM, the host of the flagship financial event of the MEASA region, Abu Dhabi Finance Week (ADFW) announced ADQ – an Abu Dhabi-based investment and holding company as the "Headline Partner" for the 2024 and 2025 editions of ADFW. This strategic partnership with ADQ underscores its dedication and commitment to the growth of Abu Dhabi's financial sector, emphasising its role in driving innovation and market-leading services. As the "Headline Partner" for the next two editions, ADQ will be instrumental in curating the direction and agenda of ADFW, ensuring the event's continued success and cementing its position as a leading economic and investment conference.

Mon, 04 Nov 2024 3 Min Read

FP Markets Secures Three Major Honours at the Inaugural Finance Magnates Annual Award Gala

SYDNEY, Nov. 4, 2024 -- Australian-founded broker FP Markets further cemented its position as a market leader, winning 'Most Trusted Broker - Global', 'Broker of the Year - Asia', and 'Fastest Growing Broker - LATAM' at the inaugural Finance Magnates Annual Award (FMAA) Gala. The event was held on Wednesday, 23 October, at the Lemon Park Venue in Nicosia, Cyprus. Powered by Amazon Web Services (AWS), the FMAAs 'celebrate the highest levels of innovation and excellence across fintech, Forex, payments, and trading platforms'. The winners were determined through a dual process: online voting accessible to industry professionals and the global trading community, and a distinguished panel of judges. Notably, global multi-asset Forex and CFD broker FP Markets was the only company to take home three FMAAs on the night.

Wed, 30 Oct 2024 3 Min Read

Global Finance & Technology Network Launched by the Monetary Authority of Singapore to Foster Global Collaboration in FinTech

Ravi Menon appointed as Chairman of the Board of Directors SINGAPORE, Oct. 30, 2024 -- The Monetary Authority of Singapore (MAS) announced the establishment of the Global Finance & Technology Network (GFTN) to harness technology and foster innovation through global partnerships for more efficient, resilient, and inclusive financial ecosystems. Mr Ravi Menon has been appointed Chairman of the Board of Directors of GFTN. Mr Menon is also Singapore's Ambassador for Climate Action and Senior Adviser (National Climate Change Secretariat) at the Prime Minister's Office.

Mon, 28 Oct 2024 4 Min Read

45 CEOs, 6 ministers and One Head of State Take the Stage at Future Investment Initiative Institute Pre Summits on Investing in Africa, and Women in Finance

RIYADH, Saudi Arabia, Oct. 28, 2024 -- The Future Investment Initiative Institute annual conference begins today in Riyadh, bringing together world leaders, CEOs, and executives from various sectors including finance, energy, technology, and entertainment. This year's focus included two pre-summits on Investing in Africa's future and Women's Leadership in driving global economic growth, highlighting crucial topics. Throughout the pre-summits, FII Institute demonstrated its commitment to fostering positive change and global collaboration. The New Africa facilitated vital discussions between investors and African leaders about the untapped potential and the need for cross-border investments. His Excellency Mohammed bin Abdullah Al Jaddan opened the summit. Industry leaders including Tony Elumelu, Adebayo Ogunlesi, and Sim Tshabala, among other titans of the industry shared insights on addressing underdevelopment and driving investment.

Mon, 28 Oct 2024 4 Min Read

Adyen and BCG Research Finds Embedded Payments and Finance Now a $185 Billion Opportunity -- a 25% Increase in Two Years

Embedded finance beyond payments is now a critical growth driver for Software-as-a-Service (SaaS) platforms.Less than 20% of the market is currently addressed, meaning now is the time for platforms to tap into this revenue pool and meet rising SMB demand.SaaS platforms embedding financial products are set to amplify their revenues up to 3-4x.SAN FRANCISCO, Oct. 28, 2024 -- Adyen, the financial technology platform of choice for leading businesses, has today launched a new report with Boston Consulting Group (BCG) which reveals a game-changing $185 billion market opportunity for SaaS platforms, a substantial 25% increase since 2022. BCG's analysis reveals this market growth is driven by a favorable interest rate environment — due to higher bank revenues from accounts — and an overall expansion of banking revenue pools.

Thu, 24 Oct 2024 8 Min Read

Unleashing climate finance flows at COP29 - the role of the NCQG and NDCs

The latest publication from the Energy Transitions Commission (ETC): "NDCs, NCQG, and Financing the Transition" LONDON, Oct. 24, 2024 -- "Climate finance" will be a key subject at COP29, with debate in particular on the proposed "New Collective Quantified Goal" (NCQG) for financial flows from high-income to low-income countries. But the term "climate finance" is often used vaguely and broadly, covering several different challenges and priorities. The Energy Transitions Commission's (ETC) latest publication "NDCs, NCQG, and Financing the Transition" therefore clarifies the nature and scale of different types of finance required, and proposes four principles to ensure a useful conclusion of the NCQG debate. It also explains the vital role that updated National Determined Contributions (NDCs) can and must play in unleashing financial flows.

Mon, 21 Oct 2024 6 Min Read

IndoStar Capital Finance consolidated PAT grows 28%, AUM 31% and Disbursements 36% YoY

Q2 FY25 Quarter Performance: Robust demand for used commercial vehicle (CV): Vehicle finance (VF) AUM at ₹ 6,964 crore, up 10%, QOQ and 59% YoYVF Disbursements at ₹ 1,449 crore, up 53% from ₹ 948 crore in Q2FY24Q2 FY25 Highlights (Consolidated): AUM at ₹ 10,112 crore, up 6% from ₹ 9,565 crore in Q1 FY25 and up 31% YoY from Q2 FY24Disbursements of ₹ 1,724 crore, up 36% YoY from ₹ 1,269 crore in Q2 FY24Q2 FY25 Highlights (Standalone - ICF): AUM at ₹ 7,550 crore, up 5% from ₹ 7,170 crore in Q1 FY25VF AUM at ₹ 6,964 crore, up 10% from ₹ 6,323 crore in Q1 FY25 and up 59% YoY from Q2 FY24VF Disbursements at ₹ 1,449 crore, up 53% from ₹ 948 crore in Q2FY24Debt/Equity Ratio at 2.26xGross Stage 3 assets at 4.97% for Q2 FY25Net Stage 3 assets are at 2.50% for Q2 FY25Strong Capital Adequacy at 25.86%

Fri, 18 Oct 2024 4 Min Read

DBS NAMED SAFEST BANK IN ASIA FOR THE 16TH CONSECUTIVE YEAR BY GLOBAL FINANCE

DBS ranked 2nd on the 50 Safest Commercial Banks list for the third consecutive year SINGAPORE, Oct. 18, 2024 -- DBS Bank today announced that it has been named "Safest Bank in Asia" by New York-based trade publication Global Finance. This is the 16th consecutive year that DBS has been recognised with this accolade, extending a track record dating back to 2009. The bank also maintained its 2nd position in the 'World's 50 Safest Commercial Banks' list and ranked 12th in the 'World's 50 Safest Banks' list, holding both positions for the 3rd consecutive year.

Tue, 15 Oct 2024 3 Min Read

Reshaping Finance: Huawei's Commitment to 4-Zero and Resilient Infrastructure

DUBAI, UAE, Oct. 15, 2024 -- On the first day of GITEX GLOBAL 2024, the Huawei Finance Forum was held under the theme of Boost Resilience, Reshaping Smarter Finance Together. This forum explored how to build resilient financial infrastructure for the future, as well as digital transformation and ecosystem development to help financial institutions gain a new competitive edge. Over the past 15 years, China's finance industry has undergone a significant transformation, largely driven by FinTech giants. As Chinese banks embarked on their digital transformation journey, Huawei developed an FSI solution framework, which focuses on reshaping customers' resilience, agility, and intelligence.

#Finance