All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Dutch mobility fintech Moove acquires Brazil’s Kovi
Kovi’s data-driven vehicle management and user experience will complement Moove’s existing capabilities and enable the company to expand in the Latin American market
WiseLayer raises $7.2m funding to advance AI-powered solutions
WiseLayer intends to use the funding to support the development of its task-specific AI workers to both new and existing clients, and to expand customer support infrastructure and drive market expansion
Alchemy Pay approved as Digital Currency Exchange in Australia
With the registration as a Digital Currency Exchange Provider, Alchemy Pay is allowed to establish local payment facilitator relationships in Australia to enhance its crypto exchange services
Databricks secures $15bn financing to support expansion
Databricks closed a Series J round at $10bn and a $5.25bn credit facility led by JPMorgan Chase, Barclays, Citi, Goldman Sachs, and Morgan Stanley, which includes a $2.5bn revolver and a $2.75bn term loan
BPCE, Generali to combine asset management operations in Europe
The two parties would combine their respective asset management operations, Generali Investments Holding (GIH) and Natixis Investment Managers (Natixis IM) to create a global asset management platform
GTreasury expands with global development hub in Dublin, Ireland
The company’s expanded office in Dublin will focus on solution delivery, increased data analytics, faster time-to-market for new capabilities, and easy adaptability for future treasury challenges
Merrill Lynch, Wells Fargo to pay $60m fine to settle SEC charges
SEC found that Merrill Lynch and Wells Fargo’s two advisory firms failed to adopt and implement policies and procedures to prevent violations of the Advisers Act and the rules relating to cash sweep programmes
TransUnion to acquire controlling stake in Trans Union de Mexico
TransUnion currently owns around 26% stake in Trans Union de Mexico and will acquire an additional 68% stake from selling shareholders, including several of the largest banks operating in Mexico
Block to pay $80m fine over violation of BSA/AML regulations
According to the multistate settlement, Block has violated the BSA/AML laws and has agreed to pay the penalty, hire an independent consultant to review its BSA/AML programme and submit a report to the states
RatioHub rolls out AI investment management solution in UAE
RatioHub’s AI-powered solution is specifically designed for financial markets and bridges the gap in the market by analysing complex data sets, identifying patterns, and offering customised recommendations