13 firefighters declared bankrupt taken disciplinary action

Several factors led them to be declared bankrupt, mostly for becoming guarantors to loan borrowers. Malaysian Fire and Rescue Department director-general Datuk Nor Hisham Mohammad (centre) presenting the Fire Service Medal, the 2024 Excellent Service Award and the 30-Year Service Certificate. – Photo by Bernama ALOR SETAR – The Malaysian Fire and Rescue Department has…

Perfios acquires Credit Nirvana to strengthen AI-driven debt management

Indian B2B SaaS firm Perfios has acquired Credit Nirvana, an AI-powered debt management and collections platform, in a bid to enhance its suite of financial services technology for an undisclosed fee. Credit Nirvana, founded in 2019, leverages artificial intelligence and predictive analytics to automate the debt collection lifecycle, spanning early-stage delinquencies to legal recoveries. The…

Key to debt relief and sustainable growth

In an age where financial systems are rapidly evolving, developing countries like Nigeria find themselves at a critical crossroads. Burdened by crippling national debts, stagnating economic growth, and inflationary pressures, these nations are increasingly looking for innovative solutions to break the cycle of dependency and rebuild their economies. One such promising avenue is cryptonomics, which…