GlobeOne, committed to bringing socially-conscious innovation to the financial sector, today announced that VNPT-Vinaphone has signed a Letter of Intent with GlobeOne. VNPT-Vinaphone is the first Mobile Network Operator in Vietnam that has decided to align itself with GlobeOne as it builds up its rapidly expanding network of Corporate Members and Member Banks around the world.

Yello Mobile, Korea’s fastest growing mobile Internet company, announced that it has signed a Memorandum of Understanding (MoU) with SBI Holdings, Japan’s largest Internet financial group, and Yello Financial Group, Korea’s leading accelerator for financial technology companies.

CalWest Bancorp, the parent holding company for South County Bank N.A., today announced the successful completion of its $14.0 million private offering with accredited investors consisting of 43.5 million shares of common stock at a price per share of $0.20 and 53,000 mandatorily convertible preferred shares at a price of $100 per share and convertible into 26.5 million shares of common stock.

The asset management industry is experiencing high competition, increased regulatory control and growing demand for information transparency amid the tide of global instability. The mission to succeed for asset managers and their service providers seems near impossible in these tough circumstances.

BCBS 239, which comes into force in a weeks’ time, was introduced by the Basel Committee in response to the financial crisis, which highlighted the inability of many banks and financial institutions to aggregate data quickly in order to make decisions on risk.

Will China change the world’s financial institutions?

Intellect Design Arena Ltd, a specialist in applying true digital technologies across Banking and Insurance, today announced their entry into Turkey, reinforced with their first relationship with Tacirler Investment, the leading independent investment company licensed and regulated by the Capital Market Board of Turkey. Tacirler chose to partner with Intellect to digitize its brokerage, wealth, and treasury operations. This implementation will provide them an edge amongst the capital market players in the region with the first mover advantage in the integrated digitization journey.