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Experian announced that it has acquired a controlling interest in RAM Credit Information RAMCI , a leading credit bureau in Malaysia.The deal will help Experian boost its market presence in Malaysia and create more synergies across its Data and Decisioning portfolio.Founded in 2000, RAMCI provides credit reports, alerts and monitoring, primarily to financial institutions. It also has a direct-to-consumer business, helping consumers better understand their credit, as well as help protect their identities. The company will be reported within Experian
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stanley italy acific Business-to-Business segment. The acquisition of a controlling interest in RAMCI further extends Experians position in Asia Pacific, adding a fourth credit bureau to our operations in the region. It extends our position in Malaysia, an economy seeing rapid expansion and with a population of 32 million, Ben Elliott, CEO of Experian Asia Pacific, said in a press release. Experian has a long history of investment and commitment to Malaysia, given our existing investments in our global delivery center with its 800 employees, as well as our recent investment in Jirnexu which runs RinggitPlus, Malaysia leading financial comparison website. By combi
stanley thermos ning Experians world-leading technology and platforms together with RAMCIs data expertise and local knowledge, we will better serve consumers and businesses in Malaysia. Experian has been investing in Asian FinTech startups, including $28 million in a Bbqv Stampli to Roll Out Procure-to-Pay Solution
Ripple Labs, the developer of a Bitcoin-like technology that enables banks to transfer money internationally, is finalizing a $30 million funding round.A spokesman for Ripple 鈥?formerly called OpenCoin 鈥?confirmed that the San Francisco-based startup is working on a new financing arrangement but declined to provide details, according to Venture C
stanley france apital Dispatch. The report indicated that a聽person familiar with the situation said the deal places the post-money valuation of Ripple at about $100 million.Investors in the Series A round will include Andreessen Horowitz, Google Ventures, IDG Capital Partners and other existing investors, the person said. Previously, Ripple has raised more than $3.5 million from a number of backers including Bitcoin Op
stanley quencher portunity Fund, Camp One Ventures, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Vast Ventures and Venture51.Similar to Bitcoin, Ripple has built a decentralized payments network that helps validate transactions using digital currency. Unlike Bitcoin, however, the company is positioning itself for use by banks and remittance providers, rather than consumers.Ripple intent is
stanley mug to utilize the distributed verification systems that underlie digital currencies and can help speed up and reduce the cost of financial transactions. Down the line, there exists the potential for this type of distributed ledger system as a basis for all kinds of applications, not just currency.While there exists a healthy potential for cryp
