Chip, the savings and investments platform of the future, has launched the Chip Investment Platform with funds powered by BlackRock, the world’s largest investment manager. The goal of Chip Investments is to offer easy and hassle-free access to investment funds and to enable users to grow their money and build a diversified investment portfolio in just a couple of taps.

 Yabx, a fintech venture in digital lending, today announced that it is the only Indian startup that has been shortlisted by GSMA for the GLOMO 4YFN (4 Years From Now) Impact Awards 2021.

Global commodity prices continue to surge higher as the one-way streak persists off the back of a global growth story and a stronger than anticipated economic recovery. The IMF expects the global economy to expand by 6% in 2021 (vs a prior forecast of 5.5%) – this highlights the fastest expansion since 1980. From metals to energy to agriculture markets, commodity price gains are hitting multi-year highs (if not all-time highs as seen in iron ore, copper, palladium etc.) with no deterrent to the current trend.

The Consumer Financial Protection Bureau (CFPB) today filed a proposed settlement against Driver Loan, LLC, and its CEO, Angelo Jose Sarjeant. If entered by the court, the settlement would require the defendants to refund about $1 million in deposits to harmed consumers, stop deceptive practices, and pay a civil penalty. The CFPB alleges that Driver Loan and Sarjeant violated federal law by misrepresenting the risks associated with their deposit product and the annual percentage rate (APR) associated with the consumer loans they make.

ACY Partners is ACY Securities’ Institutional grade offering for the Investment and Trading Industry with bespoke solutions and lightning-fast liquidity across full range of asset classes.

Amidst global chaos, the term “digital transformation” dominated 2020 and the first half of 2021 – and it doesn’t seem like that’s changing any time soon. In response to the unforeseen circumstances and shifting customer demands borne of the COVID-19 pandemic, companies have been prioritising investment in their digital infrastructure, and the popularity of technologies such as Cloud computing have surged drastically. 

Google Cloud today announced Datashare for financial services, a new solution designed to empower the entire capital markets ecosystem—market data publishers like exchanges and other providers, and data consumers, like investment banks, asset managers, and hedge funds – to share market data more securely and easily.

There is a huge transformation underway in the financial services industry. Over the past year – as a result of the COVID-19 pandemic – clients have been forced to take on more of an active role in monitoring and planning for financial uncertainty. But the big change is that these clients have become much more emotionally invested in their organisations’ financial wellbeing.

Commenting on US GDP and pandemic-low jobless figures, Ali Jaffari, Head of North American Capital Markets at Validus Risk Management, said: “US initial jobless claims and QoQ GDP came in slightly lower than consensus estimates at 406K and 6.4% respectively. Employment data remains a key focus for the Fed and a continued convergence to pre-pandemic levels will certainly drive the thinking on tapering discussions.

RIMES, the global leader in Managed Data Services (MDS) for financial institutions, today announces that Brad Hunt has been appointed CEO. The appointment comes as the business accelerates the development of its innovative data management solutions for the asset management industry.