German fintech Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has taken a $60.4 million / €50 million minority investment from growth investor Summit Partners.
Modularbank, the next-generation core banking platform today announced its €4 million round of late seed funding led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital and angel investor Ott Kaukver (ex-CTO of Twilio and Skype).
South Africa does not want a fire sale of the assets of troubled national airline SAA nor for the carrier to be liquidated, Public Enterprises Minister Pravin Gordhan said on Wednesday.
IDnow a leading provider for Identity Verification-as-a-Service solutions, just secured €15 million growth funding from the European Investment Bank (EIB). The freshh capital will support IDnow’s research and development and international expansion.
In a joint statement the Central Bank of the United Arab Emirates (CBUAE) and the Saudi Central Bank (SAMA) launched the ‘Aber’ project, which seeks to evaluate the feasibility of issuing a digital currency for use between the two central banks.
The European Central Bank on Thursday expanded its massive monetary stimulus program by another 500 billion euros ($605 billion), as a second wave of lockdown measures weighs on the euro area’s economic recovery.
Net income of the top 10 UAE listed banks declined by 3.0 per cent in the third quarter of 2020 after a rebound in the preceding quarter due to lower interest and other challenging conditions which continued to impact profitability, a leading global professional services firm said on Sunday.
The European Central Bank’s supervisory board, which oversees the 117 biggest banks in the euro zone, plans to announce the conditions under which it will accept some lenders restarting their dividend payments after its meeting on Tuesday.
Saudi Arabia’s central bank has fined 30 finance entities, including a UAE bank and some of kingdom’s largest banks, for violating its laws and demanded all the lenders correct the violations.
The central bank said the institutions were fined for violating the “individual responsible finance principles”.
Under the proposals, which will be unveiled next Tuesday, Brussels will mandate that large online platforms — those that reach at least 45 million people across the 27-country bloc — must limit the ability of illegal material from spreading on their networks, provide regulators and outside groups with greater access to their internal data and appoint independent auditors that will determine if firms are compliant with the new rules.
The “investment fund for future technologies” is to provide a total of €10bn for the startup ecosystem by 2030 — in the hope of attracting at least €20bn in private investment. The announcement of Germany’s Future Fund is big news — especially since startups in the country have traditionally struggled to get big cheques from local investors and have relied on large foreign VC firms as a result.
After months of necessary WFH implementation, business executives as well as workers are assessing its long-term potential and shaping their opinions on it. Will it last, once the public health emergency is over?
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Infomineo is a data and research outsourcing company, dedicated to supporting global companies in getting access to information that power their business decisions. Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conducting Custom Research for clients, Infomineo also delivers Graphic Design and Business Translation as a service.
