SAN FRANCISCO: The Charles Schwab Corporation has completed the asset acquisition of Motif’s technology and intellectual property. Motif is a fintech pioneer that has combined breakthrough technology and data science to deliver customized thematic portfolios to investors. In addition to thematic investing, Motif’s technology platform offers the flexibility to personalize investments, supports real-time fractional share…
MGM launches SPACETALK Life, a wearable smartphone for the seniors market
PERTH: MGM Wireless Limited has launched SPACETALK Life, a stylish 4G wearable smartphone, watch and GPS device for the seniors market. The device provides seniors with safety and independence, enabling families to directly care for their loved ones with peace of mind, while reducing pressure on aged care services. The Australian government spent $19.9 billion…
Yojee goes live in the Philippines with strong transactional volume
SYDNEY: Yojee Limited, a cloud-based software as a service (SaaS) logistics platform, announced go-live in the Philippines for its subscription-based SaaS logistics platform. Yojee is a cloud-based software as a service (SaaS) logistics platform that seamlessly and uniquely manages, tracks and optimises freight movements along the entire logistics chain, from sender to end customer, across …
Dentsu Aegis Network launches global commerce practice
NEW YORK: Dentsu Aegis Network announced the launch of the Dentsu Commerce global practice. Underpinning Dentsu’s global network of 3,500 commerce experts across 85 worldwide markets, Dentsu Commerce will offer end-to-end business solutions to align with its “Total Commerce” philosophy. The practice will be led by Vikalp Tandon who will serve as Global President in…
Strategic Elements adds airborne drones to ground robotic vehicle platform
PERTH, AUSTRALIA: Strategic Elements Ltd (SOR) announced robotics subsidiary Stealth Technologies is conducting a program to integrate airborne drones with its ground based autonomous and robotic vehicle platform. In sectors such as security, defence and resources drones can augment ground based sensors to provide additional range and coverage through multi-angle video through cameras and fusion…
DIH appoints Vaseem Mahboob as Executive Vice President and CFO
NORWELL: DIH Medical, a leading global robotics & virtual reality (VR) technology provider, has appointed Vaseem Mahboob as the Company’s Executive Vice President and Chief Financial Officer (CFO), effective July 9th, 2020. Mahboob will also serve as a member of the DIH Corporate Executive Board. “I couldn’t be more thrilled to welcome Vaseem to DIH,”…
Pekka Lundmark to start as President and CEO of Nokia on August 1, 2020
ESPOO, FINLAND: Pekka Lundmark will start his new role as President and Chief Executive Officer of Nokia on August 1, 2020, one month earlier than previously communicated. Rajeev Suri will leave his current position on July 31, 2020 and continue to serve as an advisor to the Nokia Board until January 1, 2021. The earlier…
Brooks Macdonald to acquire Lloyds Bank’s wealth management and funds business for £9.63 million
LONDON: Brooks Macdonald Group’s wholly owned subsidiary Brooks Macdonald Asset Management (International) Limited has entered into a binding agreement to acquire the Channel Islands wealth management and funds business of Lloyds Bank International Limited. The total consideration is expected to be up to £9.63 million, including £2.5 million of regulatory capital, with initial consideration being…
Persimmon appoints Dean Finch as new Chief Executive Officer
LONDON: The Board of Persimmon Plc announced the appointment of Dean Finch as Group Chief Executive. Dean will succeed David Jenkinson, who announced in February 2020 that he wished to step down once a suitable successor had been identified. Dean is a widely experienced senior executive with a strong commercial, financial and operational track record…
New Energy Solar agrees to sell 50% interest in Mount Signal- 2 for $52 million
SYDNEY, AUSTRALIA: New Energy Solar has agreed to sell a 50% interest in Mount Signal 2 (MS2) for US$52 million subject to final confirmatory due diligence, completion of binding documentation, and a performance-linked payment structure. New Energy Solar has agreed to sell a 50% interest in NEW’s MS2 solar power plant in California to NextPowerIII…
Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector
MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has achieved the highest reduction in non-performing financing (NPF) amongst 55 GCC listed banks in 2019, according to a report by KPMG. The Bank also ranked sixth in the region for Capital Adequacy Ratio (CAR), with a strong standing of 20.9 per cent. This makes Al Salam Bank…
ZeU Crypto Networks deploys four blockhain based games on EOS Testnet
MONTRÉAL: ZeU Crypto Networks Inc. provides an update on the progress of its gaming development business. Today, four categories of the company’s blockchain based games are being deployed on the EOS Testnet network in an effort to collect data for the next 90 days. The dataset that will be generated is a requirement for most…