Latest news with #financialtechnology
Zawya
2 days ago
- Business
- Zawya
PAObank Appoints Mr. Ronald Iu as Chief Executive and Executive Director
HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - PAO Bank Limited ("PAObank") announces the appointment of Mr. Ronald Iu as Chief Executive and Executive Director of the Board. Mr. Iu will lead the management team of PAObank to further leverage advanced financial technology, expanding our presence in small and medium-sized enterprises ("SMEs") and retail banking, thereby creating greater value for our customers. Mr. Iu has over 20 years of solid experience in banking and finance. He held various leadership positions in global and local financial institutions, including China CITIC Bank International, Standard Chartered, PrimeCredit and GE Capital (HK). Prior to joining PAObank, Mr. Iu served as the Chief Executive of Airstar Bank and ZA Bank. His extensive experience spanning business management and strategies, risk management and product innovation has given him a deep understanding of customer needs and market trends, bringing unique insights and substantial experience in the development of digital banks. Mr. Ronald Iu said, "I look forward to working together with the management team and colleagues at PAObank to create better products and user experience for SMEs and individual customers. As PAObank marks its fifth year, we are embarking on the next phase of our business direction and strategy, placing more emphasis on retail banking services. PAObank strives to become 'the convenient wealth management digital bank' in everyone's mind, offering innovative financial solutions that are efficient, hassle-free and flexible. While continuing to offer competitive deposit interest rates as part of client rewards, we will expand into diversified financial services and products to fully develop our retail banking capabilities. Together with my team, we will continue to drive innovation to lead PAObank towards the next milestone." Looking ahead, PAObank will continue to be the reliable business partner of SMEs, and create better retail banking products and user experience for customers. By leveraging financial technology and ongoing innovation, PAObank will continue to support the development of digital banks in Hong Kong, serving customers in Hong Kong and the Greater Bay Area. Hashtag: #PAObank #Appointment The issuer is solely responsible for the content of this announcement. PAO Bank Limited PAO Bank Limited ("PAObank"), a wholly-owned subsidiary of Lufax Holding Ltd ("Lufax") (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. ("Ping An") (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking. PAO Bank
Malay Mail
2 days ago
- Business
- Malay Mail
PAObank Appoints Mr. Ronald Iu as Chief Executive and Executive Director
HONG KONG SAR - Media OutReach Newswire - 30 May 2025 - PAO Bank Limited ("PAObank") announces the appointment of Mr. Ronald Iu as Chief Executive and Executive Director of the Board. Mr. Iu will lead the management team of PAObank to further leverage advanced financial technology, expanding our presence in small and medium-sized enterprises ("SMEs") and retail banking, thereby creating greater value for our Iu has over 20 years of solid experience in banking and finance. He held various leadership positions in global and local financial institutions, including China CITIC Bank International, Standard Chartered, PrimeCredit and GE Capital (HK). Prior to joining PAObank, Mr. Iu served as the Chief Executive of Airstar Bank and ZA Bank. His extensive experience spanning business management and strategies, risk management and product innovation has given him a deep understanding of customer needs and market trends, bringing unique insights and substantial experience in the development of digital "I look forward to working together with the management team and colleagues at PAObank to create better products and user experience for SMEs and individual customers. As PAObank marks its fifth year, we are embarking on the next phase of our business direction and strategy, placing more emphasis on retail banking services. PAObank strives to become 'the convenient wealth management digital bank' in everyone's mind, offering innovative financial solutions that are efficient, hassle-free and flexible. While continuing to offer competitive deposit interest rates as part of client rewards, we will expand into diversified financial services and products to fully develop our retail banking capabilities. Together with my team, we will continue to drive innovation to lead PAObank towards the next milestone."Looking ahead, PAObank will continue to be the reliable business partner of SMEs, and create better retail banking products and user experience for customers. By leveraging financial technology and ongoing innovation, PAObank will continue to support the development of digital banks in Hong Kong, serving customers in Hong Kong and the Greater Bay #PAObank #Appointment The issuer is solely responsible for the content of this announcement. PAO Bank Limited PAO Bank Limited ("PAObank"), a wholly-owned subsidiary of Lufax Holding Ltd ("Lufax") (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. ("Ping An") (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Exclusive Partnership Between dubizzle and Paymob to Enhance User Experience and Advance Digital Payment Services
dubizzle (formerly OLX), Egypt's top online classifieds platform in Egypt and the MENA region, has announced a strategic partnership with Paymob, the leading financial services enabler in the MENA. By leveraging Paymob's advanced infrastructure and secure technology, this exclusive collaboration aims to streamline and empower digital payment capabilities across dubizzle's comes as part of dubizzle's ambitious vision to enhance its digital services and continuously elevate the user experience by offering flexible and secure payment solutions. These solutions aim to improve the platform's efficiency and keep pace with the rapid advancements in financial technology, aligning with the evolving needs of both the Egyptian and regional users will also be able to access instant digital payment options when purchasing featured ads, accelerating processes, and increasing efficiency for individuals, business owners, and commercial partners alike. The partnership was signed by Rayane Imad, Head of Advertising & Strategic Partnerships at dubizzle Egypt, and Gillan Shaaban, CCO at newly integrated e-payment service will also offer exclusive benefits tailored to merchants and small to medium-sized enterprises (SMEs), including customized financial solutions and promotions such as; card payments, Buy Now Pay Later plans and payment links, that enhances their digital presence. These tools are designed to streamline operations and provide advanced payment technologies that enable effective promotion of their products and services on dubizzle, ultimately boosting their market competitiveness. This partnership reflects dubizzle's vision as a customer centric platform, creating convenience and value for its users which positions dubizzle as a leading digital classifieds platform by offering forward-looking, world-class services. It reflects the company's support to Egypt and the region's shift towards a fully digital economy. This collaboration aligns with Dubizzle's approach of partnering with technology-driven players, in line with its vision to deliver innovative and efficient solutions that address local market needs and meet user expectations.
Finextra
3 days ago
- Business
- Finextra
FIS wins back office gig at MUFG Securities
FIS (NYSE: FIS), a global leader in financial technology, today announced it has been selected by MUFG Securities (Canada), Ltd. (MUSC) to power its back-office operations. 0 As a broker dealer providing services to institutional clients in Canadian capital markets, MUSC chose FIS' Post Trade Processing Platform to help streamline its back-office operations, mitigate risk, and ultimately help unlock business growth. 'Broker-dealers are under more pressure than ever when it comes to headwinds like increased regulatory scrutiny, technology costs, disruptive competitors and thinner margins,' said Nasser Khodri, chief commercial officer and president of Capital Markets at FIS. 'MUFG Securities (Canada), Ltd selecting our post-trade processing solutions is, however, indicative of how we are addressing these issues and improving the workflows that power the world's money at work. We are focused on our product suite's expansion into the Canadian market and look forward to other opportunities that will unlock efficiencies across the entire money lifecycle.' FIS Post Trade Processing Platform is a secure and real-time post trade processing platform. By arming broker-dealers with real-time execution on trade settlements, confirmations and accounting, the platform helps to not only drive business growth for broker-dealers but also fosters trust and transparency for the institutional investors they serve. With a flexible, cloud-native architecture, MUSC will also be able to scale the platform's capabilities as needed - showcasing FIS' commitment to unlocking financial technology that advances how the world pays, banks and invests.
Finextra
3 days ago
- Business
- Finextra
Circle details Initial Public Offering
Circle Internet Group, Inc., a global financial technology company and stablecoin market leader, today announced the launch of the initial public offering of 24,000,000 shares of its Class A common stock. 0 Circle is offering 9,600,000 shares of Class A common stock and the selling stockholders are offering 14,400,000 shares of Class A common stock. In connection with the offering, Circle is expected to grant the underwriters a 30-day option to purchase up to an additional 3,600,000 shares of Class A common stock to cover over-allotments. The initial public offering price is currently expected to be between $24.00 and $26.00 per share. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Circle has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol 'CRCL'. J.P. Morgan, Citigroup, and Goldman Sachs & Co. LLC are acting as joint lead active bookrunners for the offering. Barclays, Deutsche Bank Securities and SOCIETE GENERALE are acting as bookrunners; BNY Capital Markets, Canaccord Genuity, Needham & Company, Oppenheimer & Co. and Santander are acting as co-managers; and AmeriVet Securities, Drexel Hamilton, Mischler Financial Group, Inc. and Roberts & Ryan are acting as junior co-managers. The offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@ and postsalemanualrequests@ Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146; or Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at prospectus-ny@ A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
