News

L&G has announced the first close of its new L&G Digital Infrastructure Fund ("LDIF" or "the fund"), raising around €600 million in commitments and related co-investments. A second close is anticipated later in the year, a major milestone in...

The Central Bank of Oman (CBO) confirmed that local banks will begin rolling out a national payment card developed under its direct supervision soon. The development is an expansion of Oman Net, the country's current domestic payments system. The card,...

JPMorgan Chase confirmed that it will launch its Chase digital retail bank in Germany during the second quarter of next year, marking a significant step into the highly competitive retail banking sector of Europe’s largest economy. The move underscores...

Malaysia has stepped into a new age of financial services with the opening of Ryt Bank, the world's first AI powered bank built by Malaysia for Malaysians, officially recognized.  The effort is led by YTL Group and Sea Limited and...

Artificial Intelligence (AI) is being increasingly adopted in the UAE finance sector. Sector leaders are focusing on high-impact, targeted AI solutions for accounting, treasury, financial planning, taxation, and risk management. According to KPMG study, 49% of finance teams in the...

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...