BlackRock to acquire private markets data provider Preqin for $3.2bn
The deal will see Preqin’s data and research tools merge with BlackRock’s portfolio management platform Aladdin.
News, intelligence and resources on the global fintech industry including topics such as investment, asset & fund management.
The deal will see Preqin’s data and research tools merge with BlackRock’s portfolio management platform Aladdin.
The Austrian bank will utilise RIVO to digitise its processes for guarantees and letters of credit.
The UK-based start-up will use the funds to bolster its new commercial team in New York.
HSBC says it plans to appeal FINMA’s ruling.
The funds are to be put to scaling the firm in APAC, US and Europe.
The Swiss regulator has found the challenger bank to be in a “serious breach of supervisory law”.
Clearshift is to continue managing the division’s payment and compliance functions.
Huffman succeeds Jose Minaya, who held the position for over four years.
The start-up has also confirmed its intended stock market debut on the Chicago Board Options Exchange.
Day one’s proceedings took a specific focus on the topics of AI, tokenisation and digital modernisation journeys.
Papara will leverage DriveWealth’s Brokerage-as-a-Service tech to launch a new US stock investment product.
As advances in AI open a new frontier for the investment industry, explore how COOs can capitalise on the advantages technology has to offer.
The start-up launches with stocks and shares ISAs, GIAs, and a five-year amortising “Boost” loan option.
Bresler previously held the position of deputy head of sales trading in Saxo’s Singapore office from 2016 to 2018.
The framework also highlights the controls which will help firms mitigate governance and asset management risks.
Our pick of the top fintech news stories this week includes HSBC, XYB, ABN Amro and more.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Richard Heis and Edward Boyle of Interpath Advisory were appointed as joint administrators on 28 May.
Adams will succeed Bob Santella following his six-year tenure in the role.
FinTech Futures takes a look back at five of the top M&A deals in May.
Burns previously served as the global head of technology and operations at DWS Group for over seven years.
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
Jason Windsor, who joined Abrdn last year as group CFO, is to step in as interim group CEO.
The deal marks FE fundinfo’s seventh acquisition in three years.
The total penalty consists of a £33,880,000 fine from the PRA and a £27,766,200 fine from the FCA.
Agora will use the funding to “accelerate its expansion efforts” and further develop its product offerings.
Fullerton will also manage the firm’s global service centres.
The firm will leverage Duco’s tech to “manage data effectively while reducing operational risk”.
The firm will leverage Microsoft’s Azure AI services, including its AI Search and AI Document Intelligence functions.
Learn how to harness digital-first, on-demand banking to increase bottom lines.
The new facility from Pollen Street Capital will support the lender’s future growth plans.
The deal includes Marcus Invest’s accounts and assets under management.
JP Morgan has controlled the unit since its takeover of First Republic Bank last May.
All investments in Diversified and Fractible will be transferred to Konvi this month.
Temenos says its tech will enable the firm to manage “a significant increase in transaction volumes”.
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
Three fintech founders discuss the best ways to assess a potential partner in financial services.
The parties say they expect the transaction to close “in the coming months”.
Our pick of the top fintech news stories this week includes Linqto, HSBC, Santander and more.
The deal is set to close in H2 2024, with Linqto to operate as a wholly-owned subsidiary of BCSA.