Financial Services & Insurance

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Travelex reveals nearly 60% of UK consumers want a marketplace from their bank as finance fatigue kicks in

London 6th December 2017 marketplace. Banks have been unbundled The research, based on responses from 1,000 UK consumers, clearly shows an increasingly loyalty-averse public accruing money-related accounts that cater for discrete financial needs. The average number of money-related accounts held by consumers has increased markedly over the last 10 years. The number of fintech providers used has increased by over 50%, with e-wallets (80%) and international money transfer accounts (29%) showing the biggest gains. In contrast, traditional banks have only seen an increase of 11%. Younger con ...

06.12.2017

Study: Traditional banks are still not embracing digital, despite consumer demand

London 6th December 2017 ers to go through manual processes like visiting the branch rather than using digital identity technology to onboard applicants. The report, UK Bank Accounts: A Survey of True Digital Capabilities in Customer On-boarding, assesses, compares and scores the registration, identity verification and account activation process of traditional and challenger UK banks. P.A.ID Strategies reviewed Barclays, HSBC, Lloyds Banking Group and RBS (including NatWest) as well as challengers Atom Bank, Monzo, Revolut, Starling Bank and Virgin Money. Mobile-first bank Starling scored h ...

06.12.2017

CFCG Issues Convertible Bonds Worth Up to HK$800 Million Subscribed by Huarong International Financial Holdings Limited

Broadens Capital Base & Accelerates Education Operation Business Development HONG KONG, Dec 5, 2017 - (ACN Newswire) - China First Capital Group Limited ("CFCG" or the "Group"; stock code: 1269), announced today that the Group has entered into the Subscription Agreement with Champion Sense Global Limited (the "Investor"), a wholly-owned subsidiary of Huarong International Financial Holdings Limited to issue Convertible Bonds worth up to HK$800 million. According to the Agreement, the Investor has conditionally agreed to subscribe convertible bonds at the ini ...

05.12.2017

Billon sets industry-standard benchmark for Blockchain scalability

Next generation architecture achieves unprecedented scalability for everyday currency payments comparable to mainstream global card processing systems Warsaw, Poland & London, UK – November 23, 2017 – Billon, the company changing the way money moves around the world, today proved its scalable software can process British pounds or other currency payments at throughput rates of 130 million transactions per day. The test benchmark set by Billon’s proprietary multi-channel distributed ledger system confirms that Billon can process and maintain massively parallel payments on both a national ...

23.11.2017

Lufax ranks Top 10 of ''The Fintech100'', first in ''Trading and Capital Markets Platform'' category

SHANGHAI, Nov 20, 2017 - (ACN Newswire) - From PEOPLE.cn -- KPMG International, the Big Four accounting firm, and H2 Ventures, the fintech investment firm, last week named the year''s leading global fintech innovators in announcing the 2017 Fintech100, in which Lufax ranked 6th, with impressive performances in big data analysis and advanced risk assessment models, while taking top spot in the "Trading and Capital Markets Platform" category. The Fintech100, with a strong international impact, recognized this year''s outstanding global fintech companies from among ...

20.11.2017

Lufax ranks Top 10 of 'The Fintech100', first in 'Trading and Capital Markets Platform' category

SHANGHAI, Nov 20, 2017 - (ACN Newswire) - From PEOPLE.cn -- KPMG International, the Big Four accounting firm, and H2 Ventures, the fintech investment firm, last week named the year's leading global fintech innovators in announcing the 2017 Fintech100, in which Lufax ranked 6th, with impressive performances in big data analysis and advanced risk assessment models, while taking top spot in the "Trading and Capital Markets Platform" category. The Fintech100, with a strong international impact, recognized this year's outstanding global fintech companies from among 29 countri ...

20.11.2017

Destination EU2018: Lithuania and Singapore Forge New FinTech Bridge between Europe and Asia

SINGAPORE / VILNIUS, Nov 15, 2017 - (ACN Newswire) - Invest Lithuania and Singapore FinTech Association today signed a landmark financial technology ("fintech") innovation agreement at the 2017 Singapore FinTech Festival, signifying deeper bilateral economic relations as both republics seek to enter each other''s regional markets. The Republic of Lithuania''s Minister of Foreign Affairs, Linas Linkevicius, witnessed the signing at the festival in a session hosted by the Lithuanian delegation to Singapore. Organised by the Monetary Authority of Singapore (MAS), th ...

17.11.2017

Destination EU2018: Lithuania and Singapore Forge New FinTech Bridge between Europe and Asia

SINGAPORE / VILNIUS, Nov 15, 2017 - (ACN Newswire) - Invest Lithuania and Singapore FinTech Association today signed a landmark financial technology ("fintech") innovation agreement at the 2017 Singapore FinTech Festival, signifying deeper bilateral economic relations as both republics seek to enter each other's regional markets. The Republic of Lithuania's Minister of Foreign Affairs, Linas Linkevicius, witnessed the signing at the festival in a session hosted by the Lithuanian delegation to Singapore. Organised by the Monetary Authority of Singapore (MAS), the Singapor ...

17.11.2017

#Success In #Relocation: The Relocation Journey Tax Advice And Digital Wealth Front Of Mind For Growing HNWI Relocator Segment

LUXEMBOURG, 15 November 2017 – New research from The OneLife Company reveals that ensuring investments are tax efficient and managing international tax commitments are among the top financial priorities for internationally mobile HNWIs. In spite of this, fewer than 40% of relocators feel that their investments are as tax efficient as they need them to be. The insight points to the growing urgency for wealth managers to tailor solutions and services to international clients. One in four European HNWIs surveyed has previously moved countries to live or work, with a further 13% intending to rel ...

15.11.2017

Azimo sees boom in remittances to Nigeria

Azimo sees 207% YOY increase in number of transfers, underlining rapid growth in family support from overseas • 207% YOY increase in transfers • Family support is the biggest reason cited for sending money to Nigeria (by 64% of senders) • 97% of Nigerians choose to have funds deposited directly into their bank accounts • Remittances contribute 5% to Nigeria’s GDP London - 15th November 2017 - Azimo, the leading online money transfer service, announced today that the number of money transfers sent to Nigeria has grown faster than any other African country, with transactions up 207% YOY. Thr ...

15.11.2017

Transformation in capital markets demands evolutionary approach, find Celent and Finastra

New report underscores trend away from complex projects towards a more evolutionary, flexible approach to change – based on open APIs and micro-services London, UK, 14 November 2017 – New research from Celent (commissioned by Finastra) which examines the future transformation of capital markets, identifies six key drivers of change over the next five years to 2022: • Digitalization of the trade and client lifecycle • The Fintech revolution • The need to integrate with an evolving ecosystem • The trend for banks to focus on core capabilities and outsourcing of non-core functions • Advances i ...

14.11.2017

mybitwallet introduces Payment Request feature - for efficiency and simplification of payments

SINGAPORE, Nov 10, 2017 - (ACN Newswire) - mybitwallet, a world-wide, online payment services e-wallet, is pleased to announce the availability of a new Payment Request feature for businesses and individual users of the mybitwallet payment service. The new feature offers an easy and convenient way for merchants or other users to request and collect online payments from among mybitwallet account holders and send custom Payment Requests with complete tracking and payment receipts which are automatically sent to both parties with each transaction. The new service is designed for any number of ev ...

13.11.2017

mybitwallet introduces Payment Request feature - for efficiency and simplification of payments

SINGAPORE, Nov 10, 2017 - (ACN Newswire) - mybitwallet, a world-wide, online payment services e-wallet, is pleased to announce the availability of a new Payment Request feature for businesses and individual users of the mybitwallet payment service. The new feature offers an easy and convenient way for merchants or other users to request and collect online payments from among mybitwallet account holders and send custom Payment Requests with complete tracking and payment receipts which are automatically sent to both parties with each transaction. The new service is designed for any number of ...

13.11.2017

JWD InfoLogistics (SET:JWD) Posts Better-than-Expected Q3 Results

- Excellent Performances for Transport - Freight Forwarding Revenue Starting Q4 BANGKOK, Nov 10, 2017 - (ACN Newswire) - JWD InfoLogistics PCL (SET:JWD), a leading total logistics solutions provider, announced its Q3 results, which featured better-than-forecasted growth rates, with a net profit figure of THB 56.5m, up 131.6% y-o-y (after extraordinary items) and 14.1% q-o-q, driven by outstanding growths in the inland and cross-border transport, general warehousing, automotive storage and management and cold storage segments. It forecasted continuing growths over Q4 as revenue and profit f ...

11.11.2017

JWD InfoLogistics (SET:JWD) Posts Better-than-Expected Q3 Results

- Excellent Performances for Transport - Freight Forwarding Revenue Starting Q4 BANGKOK, Nov 10, 2017 - (ACN Newswire) - JWD InfoLogistics PCL (SET:JWD), a leading total logistics solutions provider, announced its Q3 results, which featured better-than-forecasted growth rates, with a net profit figure of THB 56.5m, up 131.6% y-o-y (after extraordinary items) and 14.1% q-o-q, driven by outstanding growths in the inland and cross-border transport, general warehousing, automotive storage and management and cold storage segments. It forecasted continuing growths over Q4 as revenue and profit from ...

11.11.2017

Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2017

Underlying Net Profit (excluding fair value changes of investment properties) Increased by 3.5% to HK$67.5 Million; Declared Interim Dividend of 4.0 HK Cents per Share HONG KONG, Nov 10, 2017 - (ACN Newswire) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for FH 2017/18. Highlights - Recorded revenue for the six month ended 30 September 2017 ("FH 2017/18") of approximately HK$815.0 million, an increase of approximately 58.4%. - Attained net profit of ap ...

10.11.2017

Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2017

Underlying Net Profit (excluding fair value changes of investment properties) Increased by 3.5% to HK$67.5 Million; Declared Interim Dividend of 4.0 HK Cents per Share HONG KONG, Nov 10, 2017 - (ACN Newswire) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for FH 2017/18. Highlights - Recorded revenue for the six month ended 30 September 2017 ("FH 2017/18") of approximately HK$815.0 million, an increase of approximately 58.4%. - Attained net prof ...

10.11.2017

Dr Lui Che-woo Donates RMB120 Million to The School of Life Sciences of Peking University

Peking University Names The School of Life Sciences Research Building the "Lui Che Woo Building" HONG KONG, Nov 8, 2017 - (ACN Newswire) - Dr Lui Che-woo, Chairman and Founder of K. Wah Group (the "Group") and Director of LUI Che Woo Charity, has announced a donation amounting to RMB120 million to the School of Life Sciences of Peking University for setting up the Lui Che Woo School of Life Sciences Fund and constructing a new Life Sciences research building to be named the "Lui Che Woo Building". The donation''s signing ceremony was held in Hong Kong t ...

08.11.2017

Dr Lui Che-woo Donates RMB120 Million to The School of Life Sciences of Peking University

Peking University Names The School of Life Sciences Research Building the "Lui Che Woo Building" HONG KONG, Nov 8, 2017 - (ACN Newswire) - Dr Lui Che-woo, Chairman and Founder of K. Wah Group (the "Group") and Director of LUI Che Woo Charity, has announced a donation amounting to RMB120 million to the School of Life Sciences of Peking University for setting up the Lui Che Woo School of Life Sciences Fund and constructing a new Life Sciences research building to be named the "Lui Che Woo Building". The donation's signing ceremony was held in Hong Kong today ...

08.11.2017

Chinlink and MCM Complete a Joint Venture

A win-win Cooperation to Expand their Footprint in Both China and Internationally HONG KONG, Nov 6, 2017 - (ACN Newswire) - Chinlink International Holdings Limited ("Chinlink" or "Company", HKSE Stock Code: 0997), its subsidiaries (collectively the "Group") and MCM Holdings Limited ("MCM") are pleased to announce the completion of a Joint Venture ("JV") between Chinlink and MCM that took place on 6 November 2017. After Completion, the JV became a 51%-owned subsidiary of the Company. The JV will bring together the financial services provided by ...

07.11.2017


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