Financials

The Economics of Claims Transformation: Efficiency, Cost Savings, and ROI The insurance industry has long been defined by its promise of financial protection, yet profitability has often been constrained by one critical function: claims. Claims are the largest expense line...

Standard Chartered and Ant International have entered into a collaboration to roll out an AI-powered Treasury and FX management solution that integrates Ant International’s Falcon Time-Series Transformer (TST) Model with Standard Chartered’s Aggregated Liquidity Engine (SCALE). Both Standard Chartered and...

UBS, the largest wealth manager in the world, has confirmed it is expanding its partnership with enterprise AI platform provider Domino Data Lab. The move underscores the bank's goal to ramp up artificial intelligence across its operations while giving equal...

The central bank of Australia on August 12, 2025, decided on an interest rate cut in Australia by almost a quarter percentage point for the third time in 2025 to 3.6%, with inflation getting tamed as well as economic...

Chintai, a leading Singapore-based blockchain technology company, is powering the newly launched Net Zero-X exchange. Designed for institutional and accredited investors, Net Zero-X facilitates the discovery and support of vetted green, clean, and climate tech projects, ensuring safe and...

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has signed an agreement to invest $500 million in Hong Kong Chaoshang Group, an investment holding company. The investment includes $100 million in five-year convertible debentures and $400 million...

BNP Paribas has reported a net income of €1.76bn for the first quarter ended 31 March 2021, an increase of 37.9% compared to €1.28bn for the corresponding quarter in 2020. The bank has reported an operating income of €2.33bn for...