Uzbek mobile bank TBC, a subsidiary of the TBC Group, has secured a $10m credit facility from impact investment firm responsAbility. According to Finextra Research, this marks a significant step forward for TBC Bank as it continues to expand its operations in Central Asia's most populous country, Uzbekistan. The investment was made by responsAbility Investments AG through its Green Climate...

Singapore has announced findings of its updated ML NRA, which reflects its commitment to fortifying its AML framework in response to global risks.

The latest survey conducted by Northern Trust, involving 300 global asset management firms, has unveiled a notable shift towards prioritizing product quality and accuracy. Unlike the previous year, a significant majority of asset managers (72%) are now focusing on enhancing their product strategies, which includes improving distribution methods, data management, and outsourcing functionalities.

The Japanese government, led by Prime Minister Fumio Kishida, has resolved to combat the escalating issue of fraudulent advertisements on social media.

Bloomberg has announced a significant expansion in its service offerings with the launch of a new data product specifically designed for ESG reporting. This innovative offering, which will be accessible via the Bloomberg Terminal and Data License for enterprise-wide use, aims to facilitate a more efficient sustainability reporting process for financial firms. The development of this product is primarily driven by...

Cytora, a leader in digital risk processing, and ChAI, an AI-powered commodity pricing forecaster, have announced a strategic partnership.

LGT, the international private bank of the Princely House of Liechtenstein, in collaboration with Avaloq and Synpulse8, has introduced the OpenWealth API standard to enhance its business with financial intermediaries.

Corpay, Inc., a global corporate payments company, has signed a definitive agreement to acquire GPS Capital Markets, LLC. GPS Capital Markets provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the US.

Emerald Bay Risk Solutions, a collaborative underwriting carrier, has announced a strategic partnership with Lightspeed Specialty Insurance Solutions, a specialty insurance MGA and subsidiary of Volnay Insurance Holdings.

Treasury Prime, a leading embedded banking software company, and FS Vector, a regulatory advisory firm, have announced a strategic partnership.