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Fasset raises USD $68 million in Series C led by SBI
Crypto

Fasset raises USD $68 million in Series C led by SBI

The valuation lifts Fasset into the ranks of privately held fintechs worth more than USD $1 billion as it expands cross-border settlement.

By Karen Joy Bacudo • 4 min read • 2 days ago
North American fund managers boost currency hedging
Digital Transformation

North American fund managers boost currency hedging

Losses from unhedged foreign exchange exposure have pushed almost all North American fund managers to hedge forecastable currency risk.

By Karen Joy Bacudo • 4 min read • Last week
Northleaf closes USD $450 million asset-based fund
Venture Capital

Northleaf closes USD $450 million asset-based fund

The close gives Northleaf fresh firepower to back specialist receivables and royalty deals as private credit firms hunt for new income sources.

By Karen Joy Bacudo • 4 min read • Last week
Bloomberg brings ASKB AI to mobile with cross-device sync
Software-as-a-Service

Bloomberg brings ASKB AI to mobile with cross-device sync

Cross-device continuity should help investors keep ASKB queries going on the move, with the same context and personalisation on mobile.

By Mark Tarre • 4 min read • Last week
Manitowoc warns against generic crane replacement parts
Supply Chain

Manitowoc warns against generic crane replacement parts

Cheaper non-original components could leave crane owners facing downtime, invalid load charts and greater liability, the manufacturer said.

By Mark Tarre • 4 min read • Last week

Stories from Other Regions

Asset Management stories

New Zealand distributors eye grid upgrades as demand rises
Risk & Compliance

New Zealand distributors eye grid upgrades as demand rises

Rising electrification is forcing New Zealand distributors to prioritise grid resilience, data and investment planning as demand outpaces upgrades.

By Mark Tarre • 4 min read • 2 days ago
Ohakune water outage raises questions internal review can't answer, councillor says
Risk & Compliance

Ohakune water outage raises questions internal review can't answer, councillor says

Residents of the Ruapehu town were left without taps for nearly three days after a pipeline break went undetected, prompting calls for outside scrutiny.

By Local Democracy Reporter • 3 min read • Last week
Southland council accused of breaking flood work promises
Risk & Compliance

Southland council accused of breaking flood work promises

Residents could face weaker flood protection after a former chief financial officer accused Environment Southland of failing to deliver promised work.

By Local Democracy Reporter • 3 min read • Last week
Southeast Asia and its energy investment bottleneck
Smart Cities

Southeast Asia and its energy investment bottleneck

The region's clean power shift is being slowed less by missing kit than by financing and operational hurdles that stall adoption at scale.

By William Temple • 5 min read • Last week
Austroads revises batter slope guidance for road design
Risk & Compliance

Austroads revises batter slope guidance for road design

Drivers may face safer roadside recovery and easier upkeep, as revised advice broadens batter slope decisions beyond geotechnical stability.

By Sean Mitchell • 4 min read • Last week
JLL launches new office grade for Shanghai premium towers
JLL

JLL launches new office grade for Shanghai premium towers

Occupiers in Shanghai are increasingly paying up for offices that offer stronger tenant experience and flexibility, as JLL redraws the top-tier market.

By Sofiah Nichole Salivio • 4 min read • Last week
Mercury launches two cash funds with Morgan Stanley
Fintech

Mercury launches two cash funds with Morgan Stanley

Startups can now earn higher returns on idle balances as Mercury adds exclusive fund options from Morgan Stanley and State Street.

By Karen Joy Bacudo • 4 min read • Last week
Siebert & Unusual Whales to launch data-driven ETFs
Fintech

Siebert & Unusual Whales to launch data-driven ETFs

Investors could gain access to political trading and options data through a proposed ETF range, though strategy details and filings are still undisclosed.

By Karen Joy Bacudo • 4 min read • Last week
Regional Victorian councils launch shared cloud model
Software-as-a-Service

Regional Victorian councils launch shared cloud model

The three councils expect the shared platform to cut admin work and bolster service consistency as local governments face tighter budgets and bigger demands.

By Mark Tarre • 4 min read • Last week
AI search answers vary widely across major platforms
Software-as-a-Service

AI search answers vary widely across major platforms

A New Zealand study found users can get markedly different brand recommendations from ChatGPT, Google AI Mode and Microsoft Copilot.

By Sean Mitchell • 4 min read • Last week
Shinhan Asset Management eyes Korean won token fund offshore
Fintech

Shinhan Asset Management eyes Korean won token fund offshore

The pilot will test whether Korean won fund interests can be distributed overseas without breaching local rules or investor controls.

By Karen Joy Bacudo • 4 min read • Last week
Bank of America buys stake in Jio Credit for India push
Fintech

Bank of America buys stake in Jio Credit for India push

The US lender's move gives it a bigger foothold in India's fast-growing non-bank finance market as Jio Credit seeks fresh capital.

By Karen Joy Bacudo • 4 min read • Last week
Central Interceptor wins top NZ construction award
Artificial Intelligence

Central Interceptor wins top NZ construction award

Auckland's $1.6 billion wastewater tunnel has been recognised for cutting overflows and boosting resilience, as contractors were honoured nationwide.

By Sean Mitchell • 4 min read • Last week