Staff Reporter

It is expected to close by mid-2025.

The collaboration aims to boost international investment interest.

The partners will focus on renewable energy infrastructure, energy solutions, and sustainable transportation.

The two companies also partnered earlier this year to leverage AI solutions for collection calls.

Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.

Currently, AUL is expected to continue supporting AUB until the transfer is complete.

Thanks to continued robust liquidity and strong capital levels.Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in Citigroup’s transformation toward a simpler and safer business model, a core focus for the board, management, and regulators, according to Moody’s Ratings.

It is also expected to maintain a risk-adjusted capital (RAC) ratio of 5.0 to 5.5%. 

Alipay+ will connect to over 3 million local merchants in the global payment ecosystem.

The partnership targets businesses in the fast-moving consumer goods sector.

It also aims to expand the service in Indonesia and the Philippines by 2026.

The platform aims to advance green financing. 

The scorecard offers actionable insights for MSMEs to enhance ESG credibility.

The quarter’s earnings surged 16.5% YoY.

Operating expenses rose 9% to $1.11b.

This is due to technological barriers and cost constraints.