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Free NewsletterGet the hottest Fintech Singapore News once a month in your Inbox10x Banking has raised £40 million (US$53.7 million) in funding from AshGrove Capital after reaching EBITDA profitability.AshGrove Capital joins 10x Banking as a new investor. The firm focuses on business-to-business software and services companies across Europe.The core banking technology provider will use the investment to expand its sales and go-to-market capabilities.Over the past 12 months, 10x Banking surpassed 10 million live accounts, onboarded more than 10 financial institutions and increased annual recurring revenue by more than 30%.The company provides core banking technology to financial institutions including Westpac and…

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Check out the companies making the biggest moves after the bell: SpaceX — The Elon Musk-led rocket company fell 7% after releasing its first quarterly report since going public in June . SpaceX reported capital expenditures of $18.37 billion in the second quarter, largely driven by artificial intelligence and up 550% from the year-ago period. Second-quarter revenue came in at $7.81 billion, topping an LSEG consensus of $6.93 billion. It also lost 9 cents per share, though it wasn’t clear if that was comparable to an estimate of a 26 cent-per-share loss. Arista Networks — Shares gained 11% after second…

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(RTTNews) – The South Korea stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had cratered more than 1,170 points or 18.2 percent. The KOSPI now sits just beneath the 6,360-point plateau and it’s expected to open to the upside again on Wednesday. The global forecast for the Asian markets is upbeat on falling crude oil prices and optimism for an end to hostilities in the Middle East. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion. The…

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Summary The Office of the Comptroller of the Currency (OCC) is issuing a notice of proposed rulemaking to implement structural and substantive changes to its rules governing the disclosure of OCC information. The proposed changes are designed to improve the balance between protecting OCC confidential information from public disclosure, which is necessary for the candid information exchange between supervised entities and the OCC that underpins effective supervision, and permitting disclosure of information in limited circumstances to support economical business operations, public confidence in the financial system, and the transparency necessary to hold the agency accountable. Note for Community Banks The…

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More than £15bn was wiped off the value of Britain’s biggest drugmaker, AstraZeneca, on Monday after a report that it was in discussions to take over its US rival Bristol Myers Squibb in a deal that would create a near $400bn (£300bn) pharmaceutical group.AstraZeneca, run by Pascal Soriot, its longtime chief executive, is the second biggest listed company in the UK, with a market value of nearly £196bn before the news broke. BMS, headquartered in Princeton, New Jersey, and known for its cancer treatments, is worth $133bn.A tie-up would be one of the biggest ever pharmaceutical deals and would create…

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