All articles by shalini nair
shalini nair
BetaNXT to invest in AI-driven wealth management product innovation
The company stated that its investment will address use cases across the wealth management lifecycle, benefitting advisors, and investors.
Revolut completes share sale, achieves $75bn in valuation
The fundraising transaction was spearheaded by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company.
DBS revises Alliance Bank stake proposal to 30% for Malaysian approval
The initial request of DBS for 49% stake acquisition in Alliance Bank would have required a waiver from Bank Negara Malaysia.
Wealth management employee class action settlement reaches $25.5m accord
This class action settlement will benefit more than 4,400 current and former wealth management employees.
JPMorgan expands in Dubai to target medium-sized firms: report
Global financial institutions are increasingly establishing operations in the Middle East to access oil wealth.
Newgen and Mambu partner to provide plug-and-play lending stack for banks
The collaboration integrates Newgen’s end-to-end Loan Origination System (LOS) with Mambu’s composable core banking platform.
MAI completes Evoke Advisors acquisition, raising AUM to $65bn
With the addition of Evoke Advisors, MAI now operates across 34 offices in the US.
Emirates NBD looks to establish investment banking franchise in India-report
Emirates NBD Capital (EmCap) reportedly has applied for an investment banking licence in India.
Finster AI secures $15m funding for New York expansion
The Series A round was led by FinTech Collective, while the Seed round was led by Peak XV, with ongoing participation from Hoxton Ventures.
Starwood Capital gets approval for operation from DIFC-report
The firm is currently in the process of hiring personnel in the Gulf region and may consider deploying capital there.