Consumer Banking Business In 13 Markets In Asia Pacific To Be Exited By Citigroup

Its consumer banking operations in 13 markets in Asia, Europe and the Middle East will be closed down by Citigroup, the company has said. Instead of having separate operations in these identified markets, its four hubs in Singapore, Hong Kong, the United Arab Emirates and London will be used to run these operations, said the…

Southeast Asian Delivery Giant Grab Contemplating Secondary Singapore Listing: Reuters

After getting listed on Nasdaq through a SPAC merger worth $40 million earlier in the week, the ride-hailing to delivery giant of Southeast Asia – Grab Holdings, is reported to be considering a secondary listing in its home market of Singapore, said a report published by the news agency Reuters quoting information from sources with…

Microsoft’s Healthcare Push, To Acquire AI Firm Nuance Communications For $16B

United States based software giant Microsoft Corp will be acquiring artificial intelligence and speech technology firm Nuance Communications Inc in a deal worth about $6 billion in cash, the company said on Monday. Analysts said that this is a part of the strategy of Microsoft to further its business in the area of cloud strategy…

$70M Raised By British Fintech Start-Up TrueLayer In Funding Round To Rival Visa And Mastercard

The continued interest and favouritism of investors for fast-growing fintech firmclompanies arounf the world was at display again as the British financial technology start-up TrueLayer saying that it raised $70 million in fresh funding. The known as APIs, or application programming interfaces technology offered by TrueLayer allows the connection between fintech apps such as Revolut…