Galaxy Asset Management has achieved a significant milestone, with its assets under management (AUM) skyrocketing to over $10 billion, a substantial 24.8% growth from the prior month. This impressive expansion has been fueled by overall positive market conditions, even as the firm experienced some
In a significant move aimed at driving operational efficiency and enhancing customer service, Boubyan Bank has commenced the modernization of its core banking systems in partnership with Temenos, a globally renowned Swiss-based banking technology vendor. This strategic alliance is expected to
The essence of the mortgage industry is evolving at an incredible pace, powered by technological innovation and a shift toward digitization. At the center of this transformation is mortgage software—a game-changer that has relentlessly driven efficiency and compliance, benefiting brokers and
Choosing the right core banking solution has never been more crucial for financial institutions. As banks navigate the dual pressures of adopting artificial intelligence (AI) and migrating to cloud-native technologies, the need to modernize their core systems becomes evident. Recent findings from a
The financial behavior of Malaysian consumers is under scrutiny as a growing number of individuals resort to inflating their income information on loan applications. Known as 'liar loans', these fraudulent practices have raised concerns among financial experts and institutions. With economic
PowerPay, a digital lender headquartered in the United States, has reached a significant financial milestone by successfully raising $60 million through an investment-grade corporate bond issuance. This accomplishment, with KeyBank acting as the exclusive private placement agent, marks an important
