Financing
Government Spending Will Help India Prosper 7.1% In FY23
On the strength of consistent performance by the services, manufacturing, and agricultural sectors, the Indian economy is predicted to expand by 7.1% in the current fiscal. The government's investment will be essential in accelerating the rate of growth. According...
Financing
The Central Bank In China To Assist With Housing Problem
According to reports, the Chinese real estate developer Evergrande failed to deliver an initial debt reform plan that it had earlier claimed would be finished by July 31. The announcement comes in the wake of allegations that the nation's...
Financing
Islamic Finance Sector To See Double-Digit Boom In 2022-2023
It is anticipated that from 2022 to 2023, stronger economic progress in the key Islamic finance nations will increase industrial assets by around 10%.
With assets up 10.2% in 2021 compared to 11.4% in 2020 (excluding Iran), the global Islamic...
Company Statements
Exadel Acquires Leading FinTech Provider CPQi
Exadel, a global software consultancy and engineering company, announced the recent acquisition of CPQi, a leading provider of transformation services for financial organizations worldwide.
"I am delighted to welcome CPQi to the Exadel family. This new partnership brings an extensive...
Financing
IFAST, Eagles Peak to acquire UK-based digital lender BFC Bank
IFAST, a Singaporean wealth management fintech platform, has signed a deal alongside its partner, Eagles Peak, to acquire BFC Bank from Bahrain-based BFC Group for £25m.
BFC Bank is a fully licensed digital bank in the UK that caters to...
Financing
RBB Bancorp Announces Completion of Acquisition of Certain Assets and Liabilities of the Honolulu, Hawaii Branch Office of Bank of the Orient
RBB Bancorp announced that Royal Business Bank, the wholly-owned subsidiary of RBB, completed the acquisition of the Honolulu, Hawaii branch office the Bank of the Orient on January 14, 2022. Royal Business Bank acquired all the premises and equipment...
Company Statements
Western Union and Mastercard Expand Global Partnership
The Western Union Company , a global leader in cross-border, cross-currency money movement and payments, and Mastercard, a global technology company in the payments industry, have bolstered their decade-long strategic partnership. The deepened partnership expands Mastercard Send integration into...
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