Tonik secures $6 mn funding to launch digital bank in the Philippines
Investors who took part in the funding round include Insignia Ventures Partners and Credence partners...
Category : Banking
Morgan Stanley to acquire online trading firm Etrade for $13 bn
The acquisition will allow Morgan Stanley to tap into Etrade’s 5.2 mn retail investors...
Axiata in talks with 11 parties for digital banking licence in Malaysia
The digital bank could go online by mid-2021...
SoftBank targets Latin America with additional $1 billion fund
SoftBank will target ecommerce, healthcare, fintech, mobility and insurance startups in the region...
South Africa to set up wealth fund, state bank to improve financial access
The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address...
Maybank Islamic launches first overseas branch in Dubai
The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance...
CEO: Further acquisitions a possibility for Union Bank in 2020
The bank is focusing on expanding its digital presence...
DBS Bank uses NTP to complete first digital trade deal
The transaction relates to a $2.5 mn letter of credit between Audi and Premium Automobiles...
Deposits in Saudi Arabian banks increase by 7.3% in 2019
Savings and term deposits increase by 13.2% year-on-year in 2019 to SR 501.67 bn...