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Blackstone Commits up to $2.8 Billion to Acquire Controlling Stake in Mphasis; ADIA, UC Investments and Other Long-term Investors to Co-invest

Blackstone today announced that private equity funds managed by Blackstone have entered into definitive agreements to acquire a majority stake in Mphasis Limited (NSE: MPHASIS). A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments and other long-term investors will co-invest along with Blackstone.

Monday, April 26, 2021 - 10:06
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Financial IT
Mahir Zaimoglu to Join Banking Circle

Banking Circle, the tech-led licenced bank supporting the cross border flows of Payments businesses and Banks, has announced that Mahir Zaimoglu is joining senior management to, among other areas, assist with the strategic review of monetization options.

Mahir joins with more than 20 years of experience in the financial industry, most recently as Managing Director and Head of Financial Sponsors M&A in EMEA for Goldman Sachs. Previously he headed up JPMorgan’s Sponsor M&A business in EMEA.

Monday, April 26, 2021 - 09:51
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Financial IT
Steeleye’s New AI-driven Lexicon Revolutionises Market Abuse Detection
  • Tightening regulations and growing volumes of communications channels has created a challenging operational landscape for compliance teams
  • SteelEye’s new lexicon product monitors more than six times as many search terms than a standard lexicon for an unrivalled level of oversight, helping firms better identify signs of financial crime and market abuse
  • Artificial Intelligence and context reading technology reduces inaccurate results (false positives)
Monday, April 26, 2021 - 09:14
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/news/artificial-intelligence/steeleyes-new-ai-driven-lexicon-revolutionises-market-abuse-detection
Financial IT
J.P. Morgan Private Bank Inaugural Report on Businesses Powered by Women Reveals Striking Growth Despite Headwinds Due to Pandemic

J.P. Morgan Private Bank today released the results of its first-ever Top 200 Female-Powered Businesses report analysing opportunities and challenges for UK women in businesses.

Monday, April 26, 2021 - 08:57
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/news/banking/jp-morgan-private-bank-inaugural-report-businesses-powered-women-reveals-striking
Financial IT
MVIS CryptoCompare Ethereum Benchmark Rate and MVIS CryptoCompare Bitcoin Benchmark Rate Licensed to 3iQ

MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the 

Friday, April 23, 2021 - 16:43
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/news/bitcoins/mvis-cryptocompare-ethereum-benchmark-rate-and-mvis-cryptocompare-bitcoin-benchmark
Financial IT
CFPB and New York Attorney General File Suit to Seize Hidden Assets from Operator of Shuttered Debt Collection Scheme

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James today filed a complaint in federal court to seize a $1.6 million home, the ownership of which the complaint alleges was fraudulently transferred by the operator of a massive and now-defunct debt-collection scheme. Douglas MacKinnon transferred ownership of his home to his wife and daughter for the sum of $1 shortly after learning of a federal and state investigation into his companies Northern Resolution Group LLC and Enhanced Acquisitions LLC.

Friday, April 23, 2021 - 16:19
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/news/security/cfpb-and-new-york-attorney-general-file-suit-seize-hidden-assets-operator-shuttered
Financial IT
Things You Must Know Before Applying For A Personal Loan

A personal loan allows a customer to borrow a fixed amount of money for various reasons. Many lending institutions like banks, online lenders and credit unions provide personal loans. You can use personal loans according to your wish. For example, you can use it to buy a new car or expand your existing business. Personal loans are a better alternative to credit cards. Personal loans allow flexibility as you have to pay a specific amount of money every month until you repay your debt.

Friday, April 23, 2021 - 16:03
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Financial IT
Bhairav Trivedi, CEO of Crown Agents Bank Comments

“In announcing the UK Government’s intentions to explore the use of Central Bank Digital Currencies, the Chancellor has made the most significant step of anyone globally to date, in bringing about mainstream adoption of digital currencies. This is a far cry from the early days of cryptocurrencies, when they were often dismissed for their links to illegal activity. 

Friday, April 23, 2021 - 15:51
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Financial IT
Innodisk Brings AIoT to Taipei City with Avalue Partnership

Innodisk announced today a new partnership with Avalue, with the goal of bringing AIoT to Taipei City streets. This radical AIoT solution includes EPC-APL from Avalue and the InnoAGE SSD from Innodisk, and enables AI recognition with smart cameras for object detection, behavior identification, and traffic flow monitoring, all together making traffic easier to manage. 

Enabling Remote Control of Dynamic Signals Control Systems 

Friday, April 23, 2021 - 14:48
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/news/non-financials/innodisk-brings-aiot-taipei-city-avalue-partnership
Financial IT
Nebulon Delivers SmartInfrastructure in Supermicro Ultra Servers

Nebulon, Inc® announced today the availability of smartInfrastructureTM, a server-embedded, infrastructure software delivered as-a-service, which offers the benefits of the public cloud on-premises, from core to edge for any application: containerised, virtualised or bare-metal.

Friday, April 23, 2021 - 14:40
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Financial IT

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