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First Abu Dhabi Bank partners with Ascenda to launch market-leading affluent credit card portfolio
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with global loyalty technology leader, Ascenda, to launch the market’s most rewarding portfolio of premium Visa Signature and Infinite cards. The collaboration equips the new cards with an unparalleled loyalty programme powered by Ascenda, tailored specifically to driving spend and engaging affluent customers.
To bring the highly compelling card value proposition to life, Ascenda is enabling a rich selection of premium benefits and redemption options fulfilled through its industry-leading global rewards partner network. Providing a seamless and personalised digital customer experience, Ascenda’s cloud-based rewards technology has been embedded securely into FAB’s online and mobile banking channels.
Futoon Almazrouei, Group Head of Consumer Banking UAE at FAB, said: “Ascenda’s advanced technology and rich rewards content supports our strategy of offering the market’s leading affluent card products. We will continue to build meaningful partnerships that provide value across our customer groups.”
Sebastian Grobys, Chief Commercial Officer at Ascenda, added: “This partnership is a testament to Ascenda’s continued loyalty innovation and fast-growing global footprint of top tier banking collaborations.”
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Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities
Bajaj Life Insurance, one of India’s leading private life insurers, today announced the launch of its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116, Risk profile: Very High, Benchmark: Nifty Large Midcap 250). The fund is designed to provide investors with a strategic edge by combining the steady compounding potential of large-cap stocks with the higher growth potential of mid-cap companies. Available under Bajaj Life’s unit-linked insurance plans, the fund enables policyholders to pursue their long-term financial goals while benefiting from the dual advantage of life cover and professionally managed equity exposure.
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson
Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
CeFPro Advisory Board Appoints Escode GRC Solutions Lead Wayne Scott as Third-party Scrutiny Intensifies
CeFPro has appointed Escode’s Wayne Scott to its Advisory Board, as regulators step up scrutiny of operational resilience and third party risk across financial services.
Vantage Capital Leads R635m Investment Into SolarAfrica Energy
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced that it has made a R635m investment into Commercial Energy South Africa (“CESA”), a subsidiary of SolarAfrica Energy (“SolarAfrica”), a leading South African energy solutions provider, alongside co-investor, Greenpoint Capital. CESA holds commercial & industrial (“C&I”) solar and battery energy assets developed by SolarAfrica.
Onramper Expands Global Payments Coverage with Integration to Kraken Via Payward Ramp
Onramper, the world’s leading fiat-to-crypto onramp aggregator, and Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency platforms, today announced the successful integration of Payward Ramp by Kraken into Onramper’s industry-leading aggregation platform.
Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities
Bajaj Life Insurance, one of India’s leading private life insurers, today announced the launch of its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116, Risk profile: Very High, Benchmark: Nifty Large Midcap 250). The fund is designed to provide investors with a strategic edge by combining the steady compounding potential of large-cap stocks with the higher growth potential of mid-cap companies. Available under Bajaj Life’s unit-linked insurance plans, the fund enables policyholders to pursue their long-term financial goals while benefiting from the dual advantage of life cover and professionally managed equity exposure.
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson
Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
CeFPro Advisory Board Appoints Escode GRC Solutions Lead Wayne Scott as Third-party Scrutiny Intensifies
CeFPro has appointed Escode’s Wayne Scott to its Advisory Board, as regulators step up scrutiny of operational resilience and third party risk across financial services.
Vantage Capital Leads R635m Investment Into SolarAfrica Energy
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced that it has made a R635m investment into Commercial Energy South Africa (“CESA”), a subsidiary of SolarAfrica Energy (“SolarAfrica”), a leading South African energy solutions provider, alongside co-investor, Greenpoint Capital. CESA holds commercial & industrial (“C&I”) solar and battery energy assets developed by SolarAfrica.
Payment Spayce and Sagicor Bank: Propelling Clients Forward with Faster Payments
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