The alternative investment specialist Aquila Capital has agreed with EDP, Portugal’s biggest energy company, to acquire a portfolio of 21 operational small-scale hydropower plants located in Northern and Central Portugal with a total capacity of approximately 100 MW. The investment marks Aquila Capital’s first step into Portugal’s hydropower market. 

United Overseas Bank (UOB) today announced that its advanced data enrichment and categorisation capability will help UOB Digital Bank customers keep track in real time of their savings and expenses more easily and clearly.

Meniga, a global leader in digital banking solutions, will be the engine running this capability for the Bank.

The BS/2, a part of Penki Kontinentai Group, sold 111 ATMs with an integrated security and monitoring solution ATMeye.iQ to the Bank CenterCredit. The integration and maintenance of equipment has been entrusted to a subsidiary BS/2 Kazakhstan. 

Across areas of enterprise technology investment, 19 percent of spending goes to cloud-related services currently. According to Gartner, that will rise to 28 percent by 2022, with prominent growth in enterprise IT spending on cloud-based offerings. In the second quarter of 2018 alone, businesses spent over £15 bn on cloud computing infrastructure. 

Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms, today announced it has completed the acquisition of Hedgepoint Solutions, a boutique IT consulting firm based in New York City.

The Bureau of Consumer Financial Protection (BCFP) and the Federal Housing Finance Agency (FHFA) today released for public use a new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO) that provides insights into borrowers’ experiences in getting a residential mortgage. 

Trustly, the European payments company, today announces that it has opened a new office in Helsinki to meet a growing demand for its fast, simple and safe payment method from Finnish online businesses and their customers.

Martin Greweldinger has been appointed to the new role of Group Chief Product Officer (CPO) at Avaloq and will join the Group Executive Board on 1 January 2019. He will report to Juerg Hunziker, Group CEO, and be responsible for connecting client and market requirements and translating them into product and service offerings.