All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
FSITC launches new Japan Fund powered by AI models from Qraft
The AI deployment builds on a business partnership between Qraft and FSITC, initiated earlier this year, which was designed to employ advanced quantitative strategies to enhance stock selection and risk management
CFTC fines Nasdaq Futures $22m over core principle violations
Nasdaq Futures has failed to enforce rules related to an incentive programme offered to traders, did not fully disclose the details to the CFTC or the public, and made false and misleading statements to the CFTC, when asked
Intesa Sanpaolo selects Universal Investment for SICAV portfolio
ISPWM is the Intesa Sanpaolo Group’s newly formed wealth management branch in Luxembourg and the strategic partnerships with UI and Spuerkeess strengthen the collaboration for the Luxembourg-based mandate
Howden partners with FullCircl to enhance client experience
Howden will implement FullCircl’s SmartBroker solution, and the integration will help Howden drive efficiencies in the client acquisition and onboarding process and deliver a consistent client experience across its national branch network
Summit Partners and Vista Equity mull sale of Trintech for up to $2bn
Summit Partners and Vista Equity are expecting a valuation that is more than 20 times the profits of Trintech, which generates around $200m in revenue and $90m in earnings before interest, taxes, depreciation, and amortisation
PWM to acquire AI-powered wealth management firm Wealth AI
Prestige Wealth (PWM) will acquire all the shares of SPW Global, which in turn owns Wealth AI, for a total purchase price is $4.5m, including $3m in cash and the remaining $1.5m in the form of class A and class B ordinary shares
Treasury Prime taps Kobalt Labs to enhance compliance for banks
The addition of Kobalt Labs to the Treasury Prime Partner Marketplace allows the network banks to better manage their third-party diligence with AI, and simplify legal, compliance and infosec diligence in a single platform
Unit21 unveils new fraud prevention measures for ACH transactions
Unit21’s new fraud solution prevents risky ACH transactions such as first-party fraud, account takeovers and scams by predicting fraudulent activity, using ACH risk scoring, and GenAI agent for ACH fraud investigations
HarbourVest Partners closes latest dedicated private equity secondaries fund at $18.5bn
HarbourVest Partners has closed its eleventh dedicated private equity secondaries fund, Dover Street XI, oversubscribed at $15.1bn, with additional allocations to Secondary Overflow Fund V closing at $3.4bn
10x partners with LTIMindtree to support banks’ digital transformation
The collaboration will combine 10x’s Meta core banking platform with LTIMindtree’s extensive industry experience and will position LTIMindtree as an implementation partner for 10x’s transformative Meta core banking platform