NEW YORK–(BUSINESS WIRE)–Oct. 28, 2024 Starr Insurance announced that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Ltd., Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. Paul Choi was named CEO of Starr’s Korea branch in May 2024. He has more than 30 […]
Category: Finance
Singtel and Western Union Announce Agreement on Sale of Dash
SINGAPORE–(BUSINESS WIRE)–Oct. 24, 2024 Singtel and Western Union today announce that they have signed a conditional agreement on the sale of Dash. The sale is subject to regulatory approvals. Dash customers will continue to have access to all existing services in the meantime. Dash is Singapore’s leading all-in-one mobile wallet that lets customers pay, remit, […]
Kraken Launches Regulated Derivatives Venue in Bermuda
Bermuda provides an ideal location for Kraken to offer a secure and reliable derivatives trading experience HAMILTON, Bermuda–(BUSINESS WIRE)–Oct. 03, 2024 Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, is delighted to unveil its new global derivatives venue in Bermuda, as it prepares to open up a fast-expanding part of the space […]
FICO Survey: Alarming Acceptance of ‘Liar Loans’ Among Thai Consumers
Close to 1 in 4 Thais think it’s OK to deliberately mislead on personal loans, mortgages, auto and other applications. BANGKOK–(BUSINESS WIRE)–Sep. 24, 2024 FICO (NYSE: FICO): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923471658/en/ 23% of Thais thought it was OK for people to exaggerate income on a loan application with a […]
SCF Acquires Newpark Fluids Systems
HOUSTON–(BUSINESS WIRE)–Sep. 14, 2024 SCF Partners, Inc. (“SCF”) is pleased to announce its acquisition of the Newpark Fluids Systems business (“NFS”), a leading global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources Inc. (NYSE: NR). Newpark Fluids Systems provides a full range of drilling & completion products and related technical services […]
Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction
SYDNEY–(BUSINESS WIRE)–Sep. 04, 2024 Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management […]
FICO Survey: 1 in 3 Thais Reject Bank Credit Card Applications Over Complex ID Checks
In a digital-first world, identity verification must not hinder new business BANGKOK–(BUSINESS WIRE)–Aug. 01, 2024 (NYSE: FICO) This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731171307/en/ 1 in 3 Thais have abandoned opening a personal bank account due to complex identity checks. (Graphic: FICO) Highlights Ease of use is the top priority for […]
SCBX SCB 10X and SambaNova Enter Into Milestone Agreement to Expand AI Models; Typhoon Thai LLM Added to Samba-1
PALO ALTO, Calif.–(BUSINESS WIRE)–Jul. 10, 2024 SambaNova Systems, the generative AI solutions company with the fastest models and most advanced chips, announces that “Typhoon”, a Thai Large Language Model (LLM) powered by SCBX and SCB 10X, has been introduced into the Samba-1 Composition of Experts (CoE) model. This press release features multimedia. View the full […]
H.I.G. Capital Raises $1.3 Billion for Infrastructure Fund
MIAMI–(BUSINESS WIRE)–Jun. 24, 2024 H.I.G. Capital (“H.I.G.” or “the Firm”), a leading global alternative asset management firm with $64 billion of capital under management, is pleased to announce the closing of H.I.G. Infrastructure Partners (the “Fund”). The Fund closed with aggregate capital commitments of approximately $1.3 billion.1 H.I.G. Infrastructure Partners seeks to make control-oriented, infrastructure […]
Japanese Investors Partner With I Squared Capital on US$370 Million Strategic Investment in Natural Gas Infrastructure to Accelerate the Energy Transition in India
– Japanese investors to take a minority stake in a Singapore-based holding company with investments in companies developing city gas distribution networks in India. – Transaction to provide fresh injection of equity to support new infrastructure investments and expand technical know-how and adoption of global best practices in line with India’s energy targets. – Investment […]
Western Union Expands Collaboration with Tencent Financial Technology
Customers around the world can now send international money transfers from Western Union’s branded digital channels directly to China’s Weixin (WeChat) users Expansion builds on Western Union’s existing service — Weixin users in China can choose to receive Western Union money transfers into their Weixin Pay wallets and linked bank accounts BEIJING–(BUSINESS WIRE)–Jun. 05, 2024 […]
FICO Survey: Close to 1 in 2 Thais Worried About Being Scammed As Real-Time Payment Risks Grow
BANGKOK–(BUSINESS WIRE)–May. 23, 2024 (NYSE: FICO) Highlights Payment Fraud is the top financial crime concern for 45% of Thais Identity theft worries persist, with 61% believing they have or might have been victims 36% of Thai consumers name fraud and scam protection as their top consideration for new financial accounts FICO, a leading global analytics […]