All articles by BV Swagath
BV Swagath
Finastra and Tesselate launch Tegula Trade Finance Service for US banks
The new offering leverages Finastra’s Trade Innovation and Corporate Channels solutions to empower US banks in streamlining manual processes and adapting swiftly to evolving market demands
AGF Management invests in multi-strategy investment manager New Holland Capital
AGF will initiate a strategic investment through a convertible note, entitling it to a 25% economic interest in NHC, with the option to bolster its ownership stake in the future
Cohesity to merge with Veritas’ data protection business in $7bn deal
The merged entity will offer a comprehensive, multicloud data protection portfolio, emphasising simplicity, user experience, and performance
Citi Securities Services introduces FIX API Connectivity on ACES Global ETF Portal
The FIX protocol serves as a communication standard for the real-time exchange of securities transaction data on an international scale
Grant Thornton unveils CompliAI tool to revolutionise risk management
Grant Thornton CompliAI harnesses the power of generative AI and has been developed using cutting-edge Microsoft technology, including the Microsoft Azure OpenAI Service
First National Bank settles redlining allegations, agrees to $13.5m settlement
The settlement comes after accusations that FNB engaged in redlining practices, specifically targeting predominantly Black and Hispanic neighbourhoods in Charlotte and Winston-Salem, North Carolina
UBS Wealth Management USA expands with addition of Hart Group
Led by financial advisers James Hart, Emily Hoag, Natalie Squillace, and Nolan Hart, along with registered client service associate Lynda O Von Jaeger, the team collectively oversees around $1.3bn in client assets
Heart Aerospace secures $107m in Series B funding for sustainable air travel
The infusion of funds will fuel Heart Aerospace’s expansion efforts and propel advancements toward securing type certification for its inaugural hybrid-electric airplane, the ES-30
KKR closes $6.4bn infrastructure fund for Asia Pacific region
The completion of the final close signifies a notable milestone, as the fund now ranks as the largest pan-regional infrastructure fund exclusively dedicated to the Asia Pacific region
Nuvei expands ERP integration portfolio with Dynamics 365 Business Central integration
Key features of Nuvei’s integration include invoice matching and proprietary cash acceleration tools, which can significantly reduce DSO or receivables cycles for businesses