Financials

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...

The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic. This money could be used to establish a European recovery fund. But where will the money come...

UK-based clearing bank ClearBank has entered into a strategic partnership with Temenos, a Swiss banking software developer, to leverage its cloud-based payments platform. ClearBank aims to provide banks with access UK payment systems and a quick way to market for...

Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid...

The Jamii Bora Bank is particularly engaged in micro, small and medium enterprises (MSME) banking and microfinance. The Co-operative Bank of Kenya (Co-op) has proposed to acquire 100% of Kenyan commercial bank Jamii Bora Bank (JBB) for an undisclosed...