Ahmedabad (Gujarat) [India], July 30: Shah Metacorp Ltd (formerly known as Gyscoal Alloys Ltd) has reported net profit of Rs 23.27 crore for the first quarter of FY2024-25 ended June 2024 as compared to the net profit of Rs 1.25 crore in the corresponding period last year - nearly 20 fold gr
London [UK], July 23: TerraPay, a global money movement company, today announces that financial institutions can send money directly to more than 2.1 billion mobile wallets around the world using their existing Swift connectivity, enhancing the cross-border payments experience for businesses
The report identifies several key obstacles, such as the inadequacy of collateral, difficulties in verifying the creditworthiness of MSMEs, and the high transaction costs associated with providing small loans. These factors make lending to MSMEs less attractive for financial institutions.
Mumbai (Maharashtra) [India], July 11: Mumbai headquartered technology company Acies LLP is pleased to announce that it has been recognized as a Category Leader by Chartis Research's 2024 Credit Risk Management Solutions Market Quadrants Report. This recognition further solidifies Acies' pos
The Department of Science and Technology, Government of Gujarat signed a Memorandum of Understanding (MoU) on Saturday with the technology company IBM to establish and promote an AI Cluster leveraging IBM's Watson to foster innovation and collaboration among financial institutions in Gujarat
Singapore, June 27: Azentio Software ("Azentio"), a leading end-to-end software company specializing in the BFSI sector, has announced that Banque Populaire de Mauritanie ("BPM"), one of the largest financial institutions in Mauritania, is now live with iMAL Business Intelligence (BI) - a st
Mumbai (Maharashtra) [India], June 24: Panasonic Life Solutions India Private Limited (PLSIND), a leading player in the distributed solar energy sector, is excited to announce a new partnership with the State Bank of India (SBI), one of India's most renowned financial institutions. This stra
According to a press release by the Ministry of Commerce and Industry, the event, brought together over 60 global investors and financial institutions, showcasing India's burgeoning opportunities in infrastructure, clean economy, and digital transformation.
Mumbai (Maharashtra) [India], June 1: N.S. Venkatesh, the highly respected financial professional who headed the Association of Mutual Funds in India (AMFI) as its CEO from 2017 to 2023, besides holding top positions in prestigious banks and financial institutions, is now embarking on a new
Bangalore (Karnataka) [India], May 29: iBind Systems, a fintech startup redefining on-boarding in Corporate banking, and Google Cloud (NASDAQ: GOOG) today announced a collaboration that aims to integrate iBind's cutting-edge corporate banking SaaS product with Google Cloud's robust infrastru
Pune (Maharashtra) [India], May 25: Bajaj Markets, a digital financial marketplace, provides access to loans and credit cards from a wide network of financial institutions. These instruments can provide individuals with the financial flexibility required to explore the world. People planning
New Delhi [India], May 15: In today's fast-paced financial landscape, banks, financial institutions, and insurance companies face a critical challenge: distinguishing genuine customers from fraudsters. With the increasing cases in identity theft and document fraud, verifying customer identit