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RapiPay Fintech and Jana Small Finance Bank Limited Partner to Unveil the Future of Hybrid Consumer Banking with NYE Mobile App – CRN
RapiPay Fintech Private Limited has partnered with Jana Small Finance Bank Limited to offer digital banking experience to the customers through its financial mobile app, NYE. NYE App, a B2C digital banking initiative of RapiPay Fintech has integrated wide range of financial services under one user-friendly platform. Jana Small Finance Bank’s mission of transforming traditional…
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Five Key Questions on the draft UK financial regulatory diversity and inclusion rules | Perspectives & Events
Other Author Justin Brandt-Sarif, Trainee Solicitor The Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) (together, the “Regulators”) have issued consultation papers setting out draft rules to implement diversity and inclusion (“D&I”) reporting and disclosure requirements, amongst other things. The Regulators have collaborated on the draft rules to ensure consistent application to…
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Poor euro zone bank valuations seen a drag on credit growth: ECB
FRANKFURT, Nov 20 (Reuters) – Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit growth via stricter terms for borrowers, the European Central Bank said on Monday.Bank earnings have surged this year, partly on higher ECB interest rates that allowed lenders to…
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Exness Announced as Silver Sponsor of Finance Magnates London Summit 2023
Leading multi-asset broker Exness, has announced its participation as a Silver Sponsor and exhibitor at the highly anticipated Finance Magnates London Summit 2023 (FMLS:23). The event will take place from 20-22 November at Old Billingsgate.Regarded as one of the biggest financial events in London, FMLS:23 will be gathering experts across the fintech, blockchain, and online…
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LSEG taps Michel-Alain Proch as its next finance chief
London Stock Exchange Group announced the appointment of Michel-Alain Proch as its chief financial officer and a board member on Monday.The FTSE 100 company said Proch would report directly to chief executive David Schwimmer and join the firm on 26 February, subject to regulatory approval, before taking the CFO reins on 1 March. LSEG said…
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Tired of Waiting for Climate Finance, Africa Sets Up Green Banks
(Bloomberg) — With promises of climate finance from the developed world having largely remained unfulfilled, African nations are now looking to fill the gap themselves. Egypt, Morocco, Benin and Ivory Coast are setting up so-called green banks under the guidance of the African Development Bank, according to Audrey-Cynthia Yamadjako, the lender’s principal climate officer. Rwanda, which…
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Microsoft hires former OpenAI chief Sam Altman
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded.Writing on X on Monday, Microsoft chief executive Satya…
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Financial red flags to look out for in a relationship
Bianca Miller-Cole and Byron Cole assess how best to not fall into an argument about your finances 1. Secretive spending habitsOpen and honest communication is the foundation of any successful relationship, including discussing financial matters. If your partner is secretive about their spending habits, it could be a sign of trouble. While everyone is entitled…
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Charity finance officer must repay part of stolen £119k
Nuala McLaughlin from Ballymena was convicted for fraud by abuse of position and theft in April 2022 after stealing £119,779 from her employer, Antrim Enterprise Limited, where she worked as a finance officer.The confiscation case relating to McLaughlin was concluded on November 10 at Antrim Crown Court with a criminal benefit amount of £119,779.88 and…
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Fedbank Financial Services IPO: Financials, shareholding, comparison with peers in 5 charts
Fedbank Financial Services IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer-for-sale (OFS) of 3.5 crore equity shares Fedbank Financial Services’ IPO will open for subscription on November 22. The company has set a price band for the offer at Rs 133-140 per share. The Rs 1,092.26-crore public issue will…