Ukraine Crisis and Inflation Spook Investors as Losses on Financial Markets Intensify
‘’The unease seeping across financial markets is fast turning into panic as the fear factor over conflict in Ukraine intensifies while the spectre of soaring inflation looms ever larger. The FTSE 100 sank deeper into the red with losses intensifying after Wall Street opened to yet another slide. Once again tech stocks are taking the biggest tumble on indices with chip maker Nvidia,Tesla and Netflix among the biggest fallers on the S&P 500 which has entered correction territory today.
Zafin Acquires FINCAD to Accelerate Growth and Offer Leading End-to-End Pricing and Analytics Solutions to Global Financial Institutions
Transaction underlines Zafin strategy to disrupt pricing in banking, diversify client base, broaden global footprint and enhance market position as a leading B2B fintech provider
Complementary portfolio of technology solutions will address rapidly growing demand for digital transformation within financial services industry
4front Credit Union Chooses Scienaptic’s Ai-powered Platform for Advanced Credit Decisioning
Leading AI-powered credit decision platform provider, Scienaptic announced today that 4Front Credit Union has selected its AI-based underwriting platform to strengthen the credit union’s loan portfolio by making advanced loan decisions using artificial intelligence.
Summary: Currencies ended a volatile week of trading on Friday with mixed finishes as traditional correlations were set aside. The two main catalysts for the FX markets, prominent since the start of this year have been the changing nature of Fed monetary policy amidst rising inflation and the current spread of the Omicron variant. Global treasury yields dropped sharply while Wall Street stocks extended their slide as risk aversion dominated trade. The CBOE VIX Index soared 35.2% higher to finish at 28.85 (25.59 Friday).