News

An Extraordinary Six Months

  It has been an extraordinary six months, not just from a social perspective but also from an economic and financial market perspective. This week we pause for reflection and show the year to date performance of several major asset classes. The data runs from 31st December 2019 to 30th June 2020, showing total returns in US dollars.  Read more »

Nostra MSP acquires Brandon Global

Nostra, an independent, Irish owned and managed MSP company headquartered in Lucan, Co. Dublin has acquired Brandon Global IT for an undisclosed sum. The deal was funded by Bank of Ireland together with Nostra funds.  Nostra reported an EBITDA of €880,000 for year end, 2019.  The acquisition of Brandon Global will now see the company’s turnover expected to rise from €14 million to €18 million. Read more »

Financial conglomerate SBI to acquire $30MM stake in digital asset firm B2C2

B2C2, the trading firm of choice in the institutional crypto markets, announced that SBI Financial Services (a subsidiary of SBI Holdings, "SBI") has agreed to acquire a $30 million minority stake in the firm. The investment marks the start of a strategic partnership between one of the largest institutions to have ventured into the crypto market and a veteran digital asset trading firm. SBI, owner of Japan’s first digital bank and largest online... Read more »

IAMAI to host world’s largest virtual Global Fintech Fest

Internet and Mobile Association of India [IAMAI], and its sister organisations, Payments Council of India, [PCI] and Fintech Convergence Council [FCC] are jointly organising the two-day virtual Global FinTech Festival on 22-23 July 2020. The Department of Economic Affairs (DEA), Ministry of Finance, Government of India is the presenting partner of the event. The event is also supported by the World Bank and the United Nations Capital Development... Read more »

Lemonade Raises $319 Million In U.S. IPO

Lemonade, which is backed by SoftBank Group Corp, is set to raise $319 million in its U.S. initial public offering and Lemonade, Inc. (“Lemonade”) today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price of $29.00 per share. Lemonade has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of its common stock at the initial public offering price. Read more »

Rise in M&A predicted as retail banks navigate post-COVID crash, latest Kearney analysis reveals

Analysis from global consultancy partnership Kearney predicts a rise in mergers and acquisitions over the next few years as banks seek to reduce costs in the short-term, re-focus the core business for the long-term, and transform operating models. Now in its 11th year, Kearney’s European Retail Banking Radar is an annual analysis of the pan-European banking market, tracking 92 retail banks in 22 European markets, comprised of 50 banks in Western... Read more »

Wolters Kluwer triumphs in operational risk awards

The Compliance Program Management (CPM) business of Wolters Kluwer Compliance Solutions has won two prestigious awards celebrating excellence and innovation in operational risk. Financial Technologies Forum (FTF) News has named OneSumX its Best Operational Risk Management solution in its Read more »

Reuters Events Discuss the Resilience of the Energy Market Through Volatility

Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains. The energy industry has never seen a year like it. Demand dips, supply cuts, negative oil price, volatility, disrupted trade flows, bankruptcies, debt all over, green investment and through it all... opportunity. Read more »

Sidetrade Joins the Ranks of Euronext’s Rising Tech Stars

Sidetrade (Euronext Growth: ALBFR.PA), the artificial intelligence platform dedicated to accelerating company revenue and cashflow, has earned the European Rising Tech label, awarded by Euronext in recognition of its sales, financial, and stock market performance. Read more »

Mphasis named one of the UK’s Top 50 fastest-growing Indian companies

Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, has been positioned as one of the UK's fastest-growing Indian companies in the CII-GT India Meets Britain 2020 Tracker Read more »

Refinitiv and ITRS Group announce renewed partnership agreement

ITRS Group (“ITRS”), the leading provider of estate monitoring, capacity planning, IT analytics and load testing to cross-industry enterprise clients, has announced a renewed partnership with Refinitiv. The collaboration will ensure the health of critical market data feeds for the global financial services industry. Read more »

Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payments Initiative (EPI)

A group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments Initiative (EPI).  Read more »

BNY Mellon To Deliver Real-Time Account Validation Services to Corporate and Bank Clients

BNY Mellon today announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). Through this agreement, BNY Mellon will deliver real-time account validation services to clients, and offer the flexibility to tailor a solution to meet clients’ individual needs— whether through BNY Mellon directly, or through one of its Private Label Bank relationships. Read more »

Comviva introduces innovative Mobile Recharge App for Telecom Operators to increase their distribution network during COVID-19 Pandemic

Comviva, the global leader in providing mobility and digital solutions, has launched the PreTUPS™ Direct Selling Agent application. This mobile application enables subscribers to recharge the prepaid mobile connections of other subscribers and earn incentives or cashbacks. Read more »

DPR first to launch API hub for the later life lending market

DPR, the provider of savings and lending origination and servicing solutions, has today announced the launch of the DPR Distribution Hub with more2life, a first for the later life lending market. The hub enables third-party intermediary distribution providers such as product sourcing and CRM systems, to integrate seamlessly into the lifetime mortgage lender’s application process by securely transferring product and customer data through APIs. Read more »

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