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2025-02-10 17:33:19 -

Bank Islam partners RELDYN to set up TechFin entity to provide finance-related digital technology products, services
Malaysian lender Bank Islam Malaysia Berhad announced Thursday it has partnered Malaysian cloud technology firm RELDYN Tech Sdn Bhd to set up a technology finance (TechFin) entity to provide finance-related digital technology products, services. Bank Islam said in a statement that its wholly owned subsidiary BIMB Holdings Sdn Bhd has entered a strategic joint venture agreement with RELDYN to...

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2025-05-01 16:13:22 -

Finance has a new ally: AI that catches what humans miss
Precision drives finance. A single mistake can ripple through markets, draining millions or even billions in seconds. Take Citibank. In early 2025, a simple transaction turned into an $81 trillion mistake. What should have been a $280 transfer ballooned into a sum larger than the GDP of the world’s biggest economies combined. It took three employees and 90 minutes to catch the blunder....

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2025-03-19 06:35:59 -

IFC partners Cagamas to drive green building finance and sustainability in Malaysia
The International Finance Corporation (IFC), the global development institution of the World Bank Group, has signed a memorandum of understanding with Cagamas Berhad, the National Mortgage Corporation of Malaysia, to advance green building finance in Malaysia, further supporting the country’s sustainable development goals. IFC said in a statement on Monday that the collaboration aims to...

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2025-04-30 10:28:56 -

Pencil Finance announces $10M for student loan financing backed by Animoca Brands & Open Campus
Pencil Finance, the student loan real-world-asset (RWA) protocol on EDU Chain that is co-incubated by Animoca Brands and HackQuest, announced Wednesday that Open Campus and Hong Kong-based gaming firm Animoca Brands have deployed $10 million in liquidity as loan collateral to facilitate DeFi student loans on the Pencil Finance platform. Pencil Finance is a decentralized lending protocol...

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2025-05-01 17:28:17 -

Pencil Finance announces $10M for student loan financing backed by Animoca Brands & Open Campus
Pencil Finance, the student loan real-world-asset (RWA) protocol on EDU Chain that is co-incubated by Animoca Brands and HackQuest, announced Wednesday that Open Campus and Hong Kong-based gaming firm Animoca Brands have deployed $10 million in liquidity as loan collateral to facilitate DeFi student loans on the Pencil Finance platform. Pencil Finance is a decentralized lending protocol...

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2025-02-06 05:23:41 -

CVC Funds agree sale of OANDA to FTMO
CVC Asia Fund IV, via its holding limited partnership, has entered into an agreement for the sale of OANDA Global Corporation (OANDA) to FTMO group (FTMO). The terms of the transaction, which is subject to customary regulatory approvals, are not disclosed, CVC said in a statement on Monday. Founded in 1996, OANDA is a leading, global digital platform for active traders, offering multi-asset...

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2025-04-03 07:19:56 -

Endowus expands credit offerings with global alternative investment manager Man Group
Endowus, the Singapore-based wealth management platform, has partnered with the global alternative investment management firm Man Group to bring their credit offerings to clients in Hong Kong and Singapore. Endowus said in a statement on Wednesday that through this partnership, the firm will provide access to Man Group’s differentiated solutions under its premier global credit platform,...

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