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Bank Muamalat launches Malaysia’s first faith and lifestyle-aligned Islamic digital-only bankBackbase, the global artificial intelligence (AI)-powered banking technology group, announced Thursday that Bank Muamalat has officially launched ATLAS by Bank Muamalat (ATLAS), Malaysia’s first Islamic digital-only bank centered on faith and lifestyle alignment. Backbase said in a statement that this milestone represents a transformative leap in Bank Muamalat’s journey to redefine...0 Comments 0 Shares 5K Views 0 Reviews
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Singapore’s CrediLinq raises $8.5M Series A funding led by OM/VC and MS&AD Ventures1982 Ventures’ portfolio company CrediLinq, the Singapore-based artificial intelligence (AI)-powered embedded finance platform, announced last Saturday the close of its $8.5 million Series A funding round. CrediLinq said in a statement the round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and Rustem Family office, while returning investors include...0 Comments 0 Shares 6K Views 0 Reviews
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The road to profitability is paved with good data managementExpectations of an imminent interest rate cut by the Federal Reserve have dampened the profitability outlook for banks across Asia Pacific. As global rates moderate, regional lenders are already seeing pressure on interest income — a core driver of bank earnings. Compounding this are other structural challenges. According to Fitch Ratings, banks in Singapore are navigating thinner net...0 Comments 0 Shares 72 Views 0 Reviews
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