Google Cloud to develop quantitative research and genAI capabilities for three new industry takers
The deals were revealed during the Google Cloud Next event in Las Vegas this week.
Trading Technology
Tradeweb to acquire wealthtech ICD in $785m deal
The all-cash deal is expected to close in the second half of 2024.
Discover Financial Services exec Michael Rhodes to take the lead at Ally Financial as new CEO
Ally Financial has been on the hunt for a new CEO since the departure of Jeffrey Brown in January.
Robinhood co-founder Baiju Bhatt departs to “pursue other entrepreneurial interests”
Bhatt will step down as chief creative officer but will remain on Robinhood’s board of directors.
ICYMI fintech funding round-up: Marco, Zone, Copilot, Flowpay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
JP Morgan Chase hit with $348m in fines related to its trade surveillance programme
The fines were issued by the the Office of the Comptroller of the Currency and the US Federal Reserve.
CGS International in Singapore taps Broadridge for securities finance platform
The firm will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution.
Webull set for Nasdaq public listing via $7.3bn SPAC merger
The merger between Webull and SK Growth Opportunities is due to close in H2 2024.
Fintech start-up Xalts grants Contour Network new lease of life with announced acquisition
Contour previously announced in October 2023 that it was to wind down operations as a result of insufficient funding.
The convergence of finance and technology in online trading
The seamless fusion of finance and tech to unlock new dimensions of online trading efficiency and intelligence.
Trading Technologies branches out into clearing with acquisition of Ateo
The Chicago-based vendor expects to complete its acquisition of Ateo by 29 February.
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US private equity firm WCAS buys majority stake in EquiLend
WCAS will also commit $200 million to fuel the future growth of EquiLend.
Danske Bank adopts Broadridge’s Tbricks for multi-asset trading and market making
Tbricks is the US-headquartered fintech’s principal trading and market making solution.
Bill Crager to step down as CEO of Envestnet
Crager is due to transition into the role of senior advisor upon his departure from the company’s leadership.
The What the FinTech? podcast | Season four’s jailed buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
TSX operator TMX Group snaps up remaining 78% stake in VettaFi for $848m
The group initially paid $175 million for approximately 22% of VettaFi back in January.
DTCC completes acquisition of Securrency, rebrands business as DTCC Digital Assets
DTCC initially announced that it had signed an agreement to buy the firm back in October.
VersiFi hires two senior execs from Hazeltree to boost tech and infrastructure development
Sol Zlotchenko and Daniel Zayfman join VersiFi as CPTO and CISO, respectively.
Trading Technologies names former Broadridge exec Justin Llewellyn-Jones as new COO
Llewellyn-Jones was previously chief product officer, capital markets at Broadridge.
Video: ipushpull on the use of AI in capital markets
Matthew Cheung, CEO of ipushpull, discusses how AI is being put to work within capital markets.
SoFi set to end crypto services, taps Blockchain.com as “strategic crypto partner”
SoFi’s cryptocurrency services will formally end on 19 December.
US stock trading app Webull enters Mexico with Flink acquisition
The deal also includes Mexican brokerage house Vifaru Casa de Bolsa, which Flink agreed to purchase in 2022.
Unlocking Alpha: how AI is helping investors fine-tune their strategies
FinTech Futures speaks with the founders of 3AI to discuss how AI technology can transform investing strategies.
Trading solutions provider CQG agrees to executive ownership deal
The company’s acquisition by its senior executives is expected to be completed this month.
Q&A: Nauman Anees, co-founder and CEO of ThinkMarkets, on proprietary technology, expansion and growth vision
The mindset of today’s investors and the importance of maintaining a competitive edge.
Ally Financial CEO Jeffrey Brown to step down
Brown is due to depart the Michigan-based online bank on 31 January 2024.
Brokerage platform Alpaca plots Asian expansion with SBI partnership
As part of the strategic partnership, SBI Group has also made a $15 million investment in Alpaca.
UBS taps Broadridge for sponsored repo solution
The bank is to integrate its newly-digitised trade flows into its DLR tech stack on Broadridge’s platform.
Transforming the user experience: the dawn of dynamic knowledge rendering in financial services
With GenAI in financial services, we’re not just on the cusp of significant change – we’re in the midst of it.
Bahrain’s Bank ABC taps JP Morgan for blockchain-based cross-border payment service
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
Clear Street bolsters technology leadership with two new hires
Jon Daplyn joins as chief information officer and Hari Godbole as vice president of engineering.
Sibos 2023: You can’t manage what you can’t measure – the role operational data will play in the successful transition to T+1
Automated solutions enabling the timeliness of middle office processes can be key to the T+1 readiness.
ICYMI fintech funding round-up: Fipto, Form3, Immix, Emata & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ThinkMarkets launches ThinkPortal app for on-the-go account management
ThinkPortal app is a new multi-functional mobile app for traders.
OTPP snaps up Caledonia Investments’ majority stake in wealth management firm 7IM for £255m
Caledonia Investments bought 7IM in September 2015 for around £100 million.
Swift can facilitate tokenised asset transfers between different blockchains, new experiments confirm
The experiments were in collaboration with several major financial institutions, including Clearstream, ANZ and Citi.
Video: How fintech is transforming the private equity and private credit markets
We ask Arbour Partners CEO James Newsome how fintech has impacted the private equity and private credit landscape.
Citi debuts first LatAm fintech investment with stake in Peruvian FX platform Rextie
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
Yahoo Finance builds out investor insights with Commonstock acquisition
Launched in 2020, Commonstock is backed by investors including Coatue, QED and Floodgate.
