Brazilian unicorn fintech EBANX trials digital wallet service
EBANX became a unicorn, worth over $1 billion last year after a second-round investment by FTV Capital
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Maybank downgrades Thailand telcos to ‘neutral’ on 5G rollout
Maybank’s telecom outlook is weak owing to Thais average income profile
Gulf Capital targets healthcare with $100 mn IVI-RMA acquisition
IVI-RMA Middle East is the fastest growing IVF service provider in the GCC
Aramco faces heat from banks on incentives after thin IPO deal
Aramco plans to sell 450 million shares, increasing the size of its IPO to $29.4 billion
KfW Bank to back 10,000 African SMEs with $33 mn credit facility
The German bank will support the African Guarantee Fund aimed at improving SME financing across the continent
Standard Chartered forges deal with Chinese fintech Linklogis
The bank has set up its digital banking centres in the African nations of Uganda, Tanzania, Ghana and Kenya.
Hong Kong’s first virtual bank ZA Bank offers 6% interest rate
Standard Chartered, HSBC and BOC Hong Kong currently offer between 1.9% and 2.3% for the same maturity period
Vanguard gears up to foray into UK’s investment advice sector
Vanguard has emerged as the world’s quickest expanding fund managing firm
Global freight demand declined by 1.1% in last November: IATA
A decline in freight volumes is recorded for the thirteenth consecutive month
Ex-CEO of HSBC Greater China to lead OCBC’s wholesale banking unit
Helen Wong, with 35 years of experience, to head OCBC’s banking unit from Feb 3, 2020