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Archive by category Economy & Finance

VCI Global Acquires US$100 Million in OOB Tokens and Is Appointed as Treasury Manager of OOB Foundation, in Partnership with OOBIT, Where Tether (USDT Issuer with US$183 Billion in Circulation) Is the Largest Shareholder

The OOB Token will serve as the utility and incentive token within the OOBIT ecosystem, powering payments, rewards, and cross-border transactions KUALA LUMPUR, Malaysia, Nov. 11, 2025 (Korea Bizwire) – VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced the acquisition of approximately US$100 million (book value) in OOB tokens and its [...]

Saudi Arabia Joins Global Framework for Close-Out Netting

RIYADH, Saudi Arabia, Nov. 11, 2025 (Korea Bizwire) – The International Swaps and Derivatives Association (ISDA) has published its legal opinions that recognize the enforceability of close-out netting in Saudi Arabia, a move that provides global financial institutions with greater legal certainty when transacting in the Kingdom’s Derivatives Market. The decision follows the Capital Market [...]

20% of Software Budgets Wasted on Unnecessary Business Complexity, Freshworks Survey Finds

New research identifies the “growth tax” on companies due to enterprise software-induced complexity, which drains millions of dollars and costs employees nearly a full workday each week in lost productivity SAN MATEO, Calif., Nov. 10, 2025 (Korea Bizwire) – As businesses expand their technology stacks and operational processes, they face a hidden but pervasive challenge: [...]

nCino Expands Offering with Eastern Bank to Deliver Connected Lending Experience Across Product Lines

Leading Boston-based bank focused on outstanding client experience unifies multiple legacy systems onto nCino’s comprehensive platform WILMINGTON, N.C., Nov. 06, 2025 (Korea Bizwire) – nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that Eastern Bank has expanded its loan origination and operations platform with nCino, selecting the Company’s Consumer Banking and Mortgage solutions to complement its existing Commercial [...]

Axi Announces Their Partnership Renewal with Manchester City Star and England International, John Stones

SYDNEY, Nov. 05, 2025 (Korea Bizwire) – Axi, a leading force in online Forex and CFD trading, has announced the continuation of its collaboration with Manchester City star and England international John Stones. Having served as the broker’s Global Brand Ambassador since the beginning of the 2023/24 season, Stones will continue to play an important [...]

CertiK’s Digital Asset Treasuries Report Provides Quantitative Security and Compliance Framework to Assess DAT Operational Integrity

NEW YORK, Nov. 04, 2025 (Korea Bizwire) – CertiK, the largest Web3 security services company and a global leader in formal verification, published its 2025 Skynet Digital Asset Treasuries (DAT) Report, unveiling a security and compliance framework that provides an assessment of a DAT’s operational integrity. The Digital Asset Treasury (DAT) model has matured from [...]

Axi is heading to Jeddah Fintech Week 2025

Broker to showcase their innovative capital allocation program, Axi Select, IB & Affiliate partnership opportunities, and more SYDNEY, Nov. 04, 2025 (Korea Bizwire) – Axi, a financial leader in online CFD and FX trading, announced their attendance at this year’s Jeddah Fintech Week, taking place November 16-17, at Hilton Jeddah in Jeddah, Saudi Arabia. Event [...]

nCino Introduces “Digital Partners,” Role-based Agents Purpose-built to Establish a Dual Workforce for Financial Services

“Digital Partners” create new standard of human-centric AI for financial institutions with domain-specific intelligence that analyzes the unique requirements and constraints of banking operations WILMINGTON, N.C., Nov. 04, 2025 (Korea Bizwire) – nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced the launch of “Digital Partners” into the nCino Platform to seamlessly support banking [...]

Descartes’ Study Finds 67% of Freight Forwarders and Customs Brokers View Technology as Fundamental to Growth

Automation and AI emerge as critical differentiators for logistics services providers facing global instability, tariff volatility and cost pressures LONDON and ATLANTA, Nov. 04, 2025 (Korea Bizwire) – Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced the results of its Global Forwarder/Broker Benchmark Study of more than 400 companies, highlighting [...]

Titanbay and Adams Street Announce Private Wealth Solutions Partnership

LONDON, Nov. 04, 2025 (Korea Bizwire) – Titanbay, one of Europe’s fastest growing private markets infrastructure platforms, and Adams Street Partners, LLC (Adams Street), a leading employee-owned firm with over $62 billion in assets under management and a long history of experience across the entire spectrum of private markets, announced a private wealth solutions partnership. [...]