by Nehad Kenanie | Feb 23, 2017 | Financial Results, Global, Uncategorised
(23 February 2017 – United Kingdom) HSBC has reported an 82 percent drop in annual net profits, blaming one-off items including multibillion-dollar writedowns in Switzerland and Brazil.The bank said that falling global trade and slowing growth in its main...
by Nehad Kenanie | Feb 23, 2017 | Australia, Internet Banking, Investment, Lending, Uncategorised
(23 February 2017 – Australia) Online fintech lender, Prospa has raised A$25 million of new equity to support growth it has revealed.The capital raising was led by venture capitalist firm AirTree Ventures, and values the company at A$235 million. The deal is the...
by Nehad Kenanie | Feb 22, 2017 | Asia, Financial Results, Hong Kong, Uncategorised
(22 February 2017 – Hong Kong) Hong Kong-based Hang Seng Bank reported financial results in line with market expectations.In 2016, net profit fell 41 percent to HK$16.21 billion (A$2.7 billion). The decline would be more moderate, at four percent, if discounting...
by Nehad Kenanie | Feb 22, 2017 | India, Payments, Technology, Uncategorised
(22 February 2017 – India) Indian consumers are now able to make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National...
by Nehad Kenanie | Feb 22, 2017 | Asia, Australia, Executive Changes, Uncategorised
(22 February 2017 – Australia) HSBC has appointed a new chief of its Australian operations. The bank said Martin Tricaud will replace Tony Cripps, from 3 April 2017.The announcement comes just three months after the bank’s board signed off on Cripps’...
by Nehad Kenanie | Feb 21, 2017 | Asia, Business Development & Expansion, Investment, Payments, South Korea, Uncategorised
(21 February 2017 – Asia) Alibaba’s finance arm, Ant Financial has revealed yet another deal. The firm will invest US$200 million (A$260 billion) into a fintech project belonging to Kakao, Korea’s dominant messaging service. As...
