Basellandschaftliche Kantonalbank (BLKB) is set to merge its subsidiary Radicant with fintech Numarics, pending regulatory approval. This merger aims to enhance services for private customers and target SMEs, with plans for a fully integrated range of banking and administrative services. Radicant's CEO, Anton Stadelmann, will lead the new entity, which will be headquartered in Liestal and governed by a six-person Board of Directors from both companies.
08:06 17.10.2024
VPBank has partnered with CleverTap to enhance customer engagement in Vietnam's banking sector through hyper-personalized experiences and targeted campaigns. This collaboration aims to improve customer retention and drive conversions by leveraging advanced AI-driven insights and a unified customer view. Both companies are committed to setting new standards in customer engagement, positioning VPBank as a leading financial institution in the region.
08:00 17.10.2024
Basellandschaftliche Kantonalbank, a Swiss commercial bank, is set to merge with Numarics. The bank serves both private and corporate customers, offering a range of services including private banking, real estate services, investment advice, and various financial products through its approximately twenty branches in the canton of Basel-Landschaft.
07:57 17.10.2024
In 2023, European companies raised €11.7 billion, a 9% increase from the previous year, driven by a 51% rise in IPOs and refinancings. The UK, Switzerland, and France led fundraising efforts, while venture capital fell by 19%, particularly impacting the French and British HealthTech sectors. Despite a challenging year, refinancing on secondary markets surged by 51%, with the Netherlands achieving the highest levels.
Radicant and Numarics AG are merging to enhance their offerings for private individuals and SMEs, creating a platform that integrates banking, investment, and digital administration. The new entity will provide comprehensive financial services, including bookkeeping and digital bank accounts, under the Radicant name, with Anton Stadelmann as CEO. Basellandschaftliche Kantonalbank remains the main shareholder, alongside investors like UBS, as Radicant seeks to alleviate its financial burdens while expanding its services.
07:42 17.10.2024
Radicant's merger with Numarics is mischaracterized as a desperate move, despite expectations of strong growth in customer assets and numbers. Allegations of Radicant being a financial failure and having incurred a high loss are unfounded, as it continues to develop according to its business plan with rising earnings and customer deposits.
07:33 17.10.2024
Interest rates for fixed deposit accounts and cash bonds currently exceed those of standard savings accounts, with average rates at 0.73% for one-year terms and 0.84% for ten-year terms. However, significant discrepancies exist among banks, with one-year rates ranging from 0.25% to 0.9%. Short-term investments of one to two years are particularly appealing alternatives to savings accounts, despite potential account management fees that could affect returns.
The ASX 200 rose 51 points (0.62%) to 8335, following a strong labor report that showed unexpected job growth, challenging RBA rate cut hopes. Major banks and real estate stocks saw gains, while mining stocks faced declines amid anticipated fiscal stimulus from China. Star Entertainment's license remains suspended, reflecting ongoing compliance issues.
IG
07:17 17.10.2024
In a strategic move, radicant bank ag and Numarics AG plan to merge, aiming to create a comprehensive banking, financial investment, and administration platform for private and SME clients. The merger, pending regulatory approval, will enhance service offerings and broaden the investor base, with BLKB as the main shareholder. Anton Stadelmann, former CEO of radicant, is set to lead the new entity, which will be headquartered in Liestal.
06:59 17.10.2024
Numarics AG and radicant bank ag, both subsidiaries of Basellandschaftliche Kantonalbank (BLKB), have announced plans to merge, pending regulatory approval. This merger aims to create a comprehensive banking and financial services platform for private and SME clients, enhancing their offerings and market presence. BLKB will remain the majority shareholder, with additional investments from venture capital firms.
06:59 17.10.2024
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