Lemonade Raises $319 Million In U.S. IPO
- 4 years 11 months ago
- Insurance
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.
Rise in M&A predicted as retail banks navigate post-COVID crash, latest Kearney analysis reveals
- 4 years 11 months ago
- M&A Deals
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...
Wolters Kluwer triumphs in operational risk awards
- 4 years 11 months ago
- Risk Management
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
Reuters Events Discuss the Resilience of the Energy Market Through Volatility
- 4 years 11 months ago
- Trading Systems, Commodity Trading Solutions
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.
Sidetrade Joins the Ranks of Euronext’s Rising Tech Stars
- 4 years 11 months ago
- Artificial Intelligence
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.
Mphasis named one of the UK’s Top 50 fastest-growing Indian companies
- 4 years 11 months ago
- Cloud
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
Refinitiv and ITRS Group announce renewed partnership agreement
- 4 years 11 months ago
- Data
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.
Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payments Initiative (EPI)
- 4 years 11 months ago
- Payments
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).
BNY Mellon To Deliver Real-Time Account Validation Services to Corporate and Bank Clients
- 4 years 11 months ago
- Payments
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.
Comviva introduces innovative Mobile Recharge App for Telecom Operators to increase their distribution network during COVID-19 Pandemic
- 4 years 11 months ago
- Covid-19
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.
DPR first to launch API hub for the later life lending market
- 4 years 11 months ago
- APIs, Lending
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.
Planixs selected by SIX to Transform Real-Time Treasury Operations
- 4 years 11 months ago
- Treasury
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, has announced today that it has been selected by the Swiss Stock Exchange part of SIX to enhance its real-time treasury platform through its
NICE Actimize SURVEIL-X Selected by Global Investment Platform eToro to Guard Against Market Manipulation and Ensure Compliance
- 4 years 11 months ago
- Security and Compliance
Offering a wide range of solutions protecting digital financial services, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was selected by eToro, the global, multi-asset investment platform, to implement the SURVEIL-X Markets Surveillance solution. Focused on providing access to global financial markets, eToro currently has a collaborative community of more than 13 million registered users...
Two in Five Fortune 500 Companies Choose Alibaba Cloud
- 4 years 11 months ago
- Cloud
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, said today it has supported 38 percent of the Fortune 500 companies over the past fiscal year. With this milestone, the cloud service provider plans to accelerate its globalisation strategy, aiming to become the world’s leading digital intelligence backbone in three years.
Smart Data Analytics fintech Galytix secures post angel equity investment
- 4 years 11 months ago
- Investment, Data
Galytix, an AI-based smart data analytics business which uses machine learning to intelligently ingest, curate and synthesise unstructured and structured data, has secured a post angel equity investment of an undisclosed amount to support its next phase of growth. Galytix was founded in 2015. The firm serves global insurers and reinsurers in providing a front-to-back smart data analytics platform enabling smarter, faster and more informed...
