CIBC has announced the launch of CIBC Smart Planner, a self-service digital application that simplifies financial management and provides personalized advice.

BMO Global Asset Management (BMO GAM) has launched BMO Georgian Alignment II Access Fund LP (Access Fund), which offers an opportunity for Canadian accredited investors to gain exposure to privately-held companies, a part of the real economy traditionally reserved for institutional investors.

Xpansiv, an infrastructure provider for environmental markets, has completed its acquisition of Evolution Markets Inc., a provider of transaction and advisory services in the global carbon, renewable energy, and energy transition markets. The merger of the two companies will expand Xpansiv’s service offerings and product development capabilities to help empower the energy transition.

The Monetary Authority of Singapore (MAS) and the Institute of Banking & Finance (IBF) will continue to work with financial institutions (FIs) and tripartite partners to develop and grow the local talent pool to meet the financial sector’s needs, including that of Single Family Offices (SFOs), said Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS.

The KeyBank 2023 Financial Mobility Survey, released on Monday, finds that Americans are in a difficult financial situation, with 55% facing financial challenges in the last year, a significant increase from the previous year (37%), and more than double the number of respondents citing budgeting issues as their biggest financial faux pas (89% vs. 35%, respectively). Yet, even as Americans face these challenges, the majority (85%) strongly desire to become more aware of their financial picture.

Abu Dhabi Islamic Bank (ADIB) recently launched the region’s first tokenised, contactless payment methods through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa.

The Asian Development Bank (ADB) and the Government of India have signed a $350 million loan to improve the connectivity of key economic areas in Maharashtra. At least 319 kms of state highways and 149 kms of roads in the 10 districts will be upgraded as part of the agreement.