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Archive by category Economy & Finance

Duck Creek Technologies Launches Payments Facilitator to Create End-To-End Insurance Payment Solution

New Solution Simplifies Insurance Carriers’ Payments Delivering Secure Transaction Capabilities as Part of the Proven Duck Creek Platform BOSTON, Oct. 02, 2024 (Korea Bizwire) – Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today introduced its latest insurance-focused payments solution, the Duck Creek Payments Facilitator. [...]

Verisk Estimates Industry Insured Losses from Flooding in Central Europe to Range from EUR 2 Billion (~USD 2.2 Billion) to EUR 3 Billion (~USD 3.4 Billion)

BOSTON, Oct. 01, 2024 (Korea Bizwire) – The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses from the flooding in Czechia, Poland and Austria in September 2024 will range from EUR 2 billion (~USD 2.2 billion) to EUR 3 billion (~USD 3.4 [...]

Technology Pushes the Boundaries of Online Payments in 2024: MDC Examines Biometric Payments

WATERFORD, Ireland, Sept. 30 (Korea Bizwire) — A new phenomenon in 2024 is taking digital payments to the next level – biometric facial and fingerprint verification. Minimum Deposit Casinos (MDC) - a division of the OneTwenty Group – decided to analyze this technology in September 2024 and found it was reshaping how people make payments, especially at [...]

VCI Global Announces Termination of Its At-the-Market Offering Program

KUALA LUMPUR, Malaysia, Sept. 27, 2024 (Korea Bizwire) – VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global,” “VCIG,” or the “Company”) today announced the termination of its At-The-Market equity offering program (“ATM program”) with H.C. Wainwright & Co., LLC as sales agent. The ATM program, which was initiated to offer shares totaling approximately US$4.96 [...]

India-focused private debt AUM on course to surpass $18bn by end of 2024 — Preqin reports

India-focused venture capital and private equity show resilience amid soft global market BANGALORE, India, Sept. 25, 2024 (Korea Bizwire) – Preqin, the global leader in alternative assets data, tools, and insights, recently published its Preqin Territory Guide: Private Capital in India 2024 report. It covers private capital* growth in India, assets under management (AUM), deals volume and value, [...]

Introducing the FloQast Accounting Transformation Platform: Bringing AI Power to Accounting Automation

Launch of all-new FloQast Journal Entry Management, AI Transaction Matching, Consolidation, FloHub, and major solution updates underpin platform launch LOS ANGELES, Sept. 25, 2024 (Korea Bizwire) – FloQast today announced the start of a new era of accounting operational excellence, driven by the debut of its all-new Accounting Transformation Platform, purpose-built by accountants, for accountants. Incorporating the [...]

AGF Management Limited Reports Third Quarter 2024 Financial Results

TORONTO, Sept. 25, 2024 (Korea Bizwire) – Reported quarterly adjusted diluted earnings per share of $0.37 Total assets under management and fee-earning assets of $49.7 billion Declared quarterly dividend per share of 11.5 cents AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the third quarter ended August 31, 2024. [...]

Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks

Amsterdam, Sept. 25, 2024 (Korea Bizwire) – Backbase is excited to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform. This groundbreaking launch is set to redefine how banks can [...]

BankNewport Reports Deposit Account Opening Process Accelerated by as much as Ninety Percent, Streamlining a Key Consumer Banking Experience with nCino

Rhode Island-based community bank sees digital account opening process considerably reduced and cuts in-branch account opening time with nCino Consumer Deposit Account Opening WILMINGTON, N.C., Sept. 24, 2024 (Korea Bizwire) – nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that BankNewport is live on the nCino Platform. Since selecting nCino as a [...]

PayMate Announces Intent to Acquire DigiAsia

Valuing DigiAsia at US $400 Million Introduces PayMate in Indonesia with Immediate Market Share Expansion, Targeting 2025 Public Listing MUMBAI, India and NEW YORK, Sept. 24, 2024 (Korea Bizwire) – PayMate India (“PayMate”), a leading provider of B2B payments and services with reputable investors such as Visa & Lightbox, today announced that it has entered [...]