Category: Business

Business
Lenders Start Preparing for Possible $5 billion DHFL Writeoff
Lenders Start Preparing for Possible $5 billion DHFL Writeoff

The lenders of Dewan Housing Finance Corporation Ltd. (DHFL) would hardly be able to breathe a sigh of relief even if DHFL is declared a fraudulent account and has to write off heavy amounts of loan. The international accountancy firm KPMG would submit a report on the lending practices of DHFL, which would decide the […]

Business
Africa Finance Corporation Closes its $140,000,000 Kimchi Term Loan Facility
Africa Finance Corporation Closes its $140,000,000 Kimchi Term Loan Facility

Africa Finance Corporation (AFC) today announced the closure of its introductory $140,000,000 Kimchi Term Loan Facility. This is the company’s first loan instrument specially designed for the Korean market. The successful closing of the Kimchi Loan Facility and all other Asian investment schemes of the corporation demonstrates its success in engaging with global investors. This […]

Business
Element AI Open to Forming More Partnerships With South Korean Firms
Element AI Open to Forming More Partnerships With South Korean Firms

Canadian Artificial Intelligence (AI) start-up Element AI has said that it wants to work with more South Korean firms to help them adopt its cutting-edge technology. Element AI provides software solutions integrated with AI. It was co-founded in 2016 by AI Authority and Professor Yoshua Bengio. Element AI seeks to merge theory and practice by […]

Business
Standard Chartered Joins Hands with Quantexa to Fight Financial Crimes
Standard Chartered Joins Hands with Quantexa to Fight Financial Crimes

Standard Chartered has announced its partnership with Quantexa, a contextual decision intelligence software firm, in order to combat financial crimes. Quantexa is going to work directly with the Financial Crimes unit at the bank and will help the bank in tackling a wide range of issues related to financial crimes. Contextual data and network analytics […]

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