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Sedania to expand with As-Sidq acquisition

KUALA LUMPUR: Technology empowerment company Sedania Innovator Bhd is set to create a five-pronged business model with its acquisition of an established syariah-compliant financial technology (fintech) platform, As-Sidq. The acquisition is targeted for completion in the second half of this year. Sedania’s existing business model encompasses four segments: core and intellectual property-protected airtime share (ATS), […]


How Ryan Lochte’s endorsement deal with will turn around his flailing career

Olympian Ryan Lochte’s deal with Florida based personal finance company has remained one of the most talked-about stories this year. The company helps people who are undergoing difficult financial struggles to have a fresh start. The deal is about second chances and offers the disgraced athlete an opportunity to turn around his career, which […]


Developers of 3 Norwich buildings love city’s charm

NORWICH — A Bronx developer has closed this week on the sale of three commercial buildings on lower Broadway in downtown Norwich, with plans to develop them in the near future. Randy Persaud is the new owner of the Fairhaven building, at 24-28 Broadway, along with 51-53 and 59-61 Broadway, which are on either side […]


Carvana Brings Chicago a New Way to Buy a Car

CHICAGO–(BUSINESS WIRE)–Today Carvana (NYSE: CVNA), a leading eCommerce platform for buying used cars, announced its expansion into Chicago, the company’s first market in Illinois and the 25th market in the US An estimated 13 million consumers in the greater Chicagoland area can now get free, as-soon-as-next-day delivery of any vehicle from Carvana’s 7,300+ vehicle inventory. […]


Carvana Expands Into The Chicago Area

Carvana, the eCommerce platform for buying used cars, announced Wednesday (May 10) that it is expanding to Chicago, the company’s first market in Illinois and the 25th market in the US In apress release, Carvana said around 13 million consumers in the greater Chicago area can now get free, as-soon-as-next-day delivery of any vehicle from […]


Bank Rakyat announces 15% dividend payment for 2016

Also present was Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin. Shukry said income from financing totalling RM6.43bil remained the biggest contributor to the bank’s profit. “The increase in income from financing was due to the positive growth in retail loans, especially in the personal loans segment,” he said. He said the bank’s […]


QIB offers financial services for pensioners

The General Retirement amp; Social Insurance Authority (GRSIA) has signed a partnership agreement with Qatar Islamic Bank (QIB) to offer “preferential pricing and services” to pensioners in Qatar. The agreement supports GRSIA’s latest discounts initiative ‘Khusomat’, which was launched in June 2016. The new package offers “attractive” profit rates for obtaining personal financing and for […]


Aeon Credit in asset-backed financing foray

KUALA LUMPUR (April 20): Aeon Credit Service (M) Bhd is offering asset-backed personal financing for the first time via its partnership with HelloGold Sdn Bhd. The move is deemed crucial to grow non-bank lender Aeon Credits customer base. HelloGold is a Shariah-compliant mobile-based digital platform where consumers can purchase investment grade gold at current market […]


E.Sun launches new AI chabot to offer futuristic financial advice

IBM launched the resulting personal financial e-advisor from its partnership with E.Sun Bank and instant messaging app LINE on Tuesday. The AI Chatbot utilizes the IBM Watson Conversation Service to interpret commands and generate responses, local media reported. The bot can be trained to tune its responses. For example, it could learn professionalism and relevant […]


Aeon ‘buy’, Sasbadi ‘buy’, Globetronics ‘neutral’, Nestle ‘hold’

AEON Credit reported commendable 2017 (financial year ended February) results with net profit of RM265mil. RHB Research noted that the full-year earnings have beaten its and consensus’ expectations, making up 106% of the research house’s and 107% of consensus’ estimates. “While top-line grew broadly in line with our expectations at 14%, higher-than-expected bad debt recovery […]


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