Research published today by Investec shows that too few tech businesses are taking advantage of developing effective ecosystems of sales partners (their channel programmes) to achieve scale-up growth rates. While IT companies have forecasted an average annual growth of eight per cent over the next three years, too many are missing their potential to achieve scale-up growth of 20 per cent or more with poor channel performance a major contributing... more Read more »
Citi’s Treasury and Trade Solutions (TTS) has launched CitiDirect BE® Digital Onboarding setting new standards of excellence for client experience. The new digital account opening experience for institutional clients is now available in North America and across six countries in Western Europe. This ground-breaking solution will be rolled out across the rest of EMEA, Asia Pacific and Latin America in the coming quarters. Read more »
The Global Blockchain Business Council (GBBC), the leading industry association for the blockchain technology ecosystem, has launched a Blockchain Education Initiative to draw attention to the innovative blockchain work that leading academic institutions around the world are undertaking to promote a greater understanding of blockchain technology and its numerous applications. Read more »
It has been exactly two years since the launch of the European P2P investment platform Robo.cash. For the time of operation, it has demonstrated steady growth and raised €5.6 million of investments, which allowed to finance 760,000 loans totaling €66 million. Read more »
Allianz X, the digital investment unit of the Allianz Group, announced today it has received additional investment from Allianz SE, increasing its fund size to €1 billion. The increase is the result of Allianz X’s investment track record, successful collaborations with growth companies as well as the contribution towards the Group’s overall digital transformation strategy. The funds will be used to make additional direct investments in digital... more Read more »
BCS Global Markets (BCS GM) continues to strengthen its analytical coverage by partnering with leading Russian analysts Evgeny Gavrilenkov and Alexander Kudrin. Gavrilenkov and Kudrin are the founders of GKEM ANALYTICA, a new macroeconomic research firm focused on macroeconomics and financial markets. Read more »
Abacus Group, a global provider of IT services for alternative investment firms, today announced it has completed the acquisition of competitor Proactive Technologies. The two companies will merge under the Abacus Group umbrella, combining their leading-edge technologies, similar philosophies of premium customer service, operational synergies and talent pools. Read more »
Cognizant today announced the official opening of its Cognizant Accelerator global technology center and innovation hub in Boulder, Colo. The Cognizant Accelerator division and team of business and technology experts lead the company's development of new technologies and investment in emerging external early-stage startups. Read more »
Smith & Williamson, the UK-based financial and professional services firm, has further enhanced its relationship with international fintech leader Avaloq by adopting its comprehensive Software as a Service (SaaS) solution. The move comes six months after Smith & Williamson selected Avaloq to help enhance the delivery of investment management services to its clients and support the continued growth of the business through the Avaloq... more Read more »
Style Analytics, the provider of factor-based analysis software for investment professionals, announces that it is enhancing its Peer Insights product with data from eVestment, a global leader in institutional investment data and analytics. Read more »
M1 Finance, the free, automated banking and investing platform, today announced M1 Spend, the checking account and debit card that enables customers to fully experience the best of digital money management. The new checking account and card will launch later this year. The new functionality integrates seamlessly with the M1 app’s intuitive and fully customizable investment portfolios and flexible, low-cost line of credit to provide a convenient... more Read more »
WeInvest, a Singapore-based WealthTech firm, announced today its entry into North Asia with the appointment of Thomas Tse as Head of Sales. Thomas will lead WeInvest’s efforts to provide digital wealth solutions to financial institutions across Hong Kong, China, Taiwan, and South Korea. WeInvest’s products cater to the needs of both the affluent and High Net Worth Individuals (HNIs), wealth managers and others targeting the mass market and... more Read more »
EToro, the global, multi-asset, investment platform with over ten million registered users, has today added ZCash (ZEC) to its product range. This brings the total number of cryptoassets available on eToro to 14. ZCash is a decentralised payments network, designed to offer users greater privacy options. Often referred to as a competitor to Bitcoin, Zcash was developed in 2016, and counts Johns Hopkins University’s cryptographer Matthew D. Green... more Read more »
Eagle Investment Systems LLC, a BNY Mellon company, today announced that Great Eastern has selected Eagle ACCESSSM, Eagle’s secure private cloud, as well as the Eagle Investment Book of Record (IBOR) solution. Building on its relationship with BNY Mellon Asset Servicing, Great Eastern will move its current Data Management solution to Eagle ACCESSSM and create an IBOR to help enhance its investment decision-making capabilities. Read more »
Capital Markets technology specialists Neueda has launched a comprehensive service aimed at helping investment firms enhance competitiveness, improve efficiency and streamline costs through test automation. Combining Neueda’s industry experience and its leading automation technology, Scrutiny has been developed to reduce cost of ownership of front office applications to capital markets firms and improve time to market through test automation and... more Read more »
