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Technology

After setting up base in Singapore end of last year, Lu International, a Singapore-based subsidiary of China’s Lufax, launches their first product—a wealth management platform. Lufax was set up in 2011 by Ping An Insurance Group, a diversified holdings company mainly dealing in insurance, banking and financial services. While the parent company is known for its Peer-to-Peer (P2P) lending business, Lu Global’s focus today is characterised as...

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The odds of Suncorp junking its long-troubled Oracle core banking replacement have conspicuously shortened, after the bank’s chief executive publicly lamented the lack of progress on the project. While the bank’s wider technology performance around digital delivery channels and heavy tilt towards API driven functionality is paying off handsomely, Suncorp CEO Michael Cameron was again left in the awkward position of filling in some glaring gaps for...

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Nasdaq Will Provide Real-Time Bitcoin and Ethereum Index Information   Nasdaq, the second-largest stock market in the world, will bolster its crypto offering with new Bitcoin and Ethereum tracking indices on Feb. 25th. The Indices will offer real-time price updates, in thirty-second intervals, on the two cryptocurrencies for clients using Nasdaq’s Global Index Data Service. The two indices are the Bitcoin Liquid Index (BLX) and the Ethereum Liquid...

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