All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
CBIZ to acquire accounting services firm Marcum for up to $2.3bn
Marcum provides traditional tax, attest, accounting, and advisory services, along with technology solutions and executive search and staffing services to midcap and micro-cap companies, and high-net-worth individuals
ThetaRay acquires Screena to advance AI financial crime detection
ThetaRay will offer Screena’s advanced, cloud-based AI-driven screening solution as part of its product suite, allowing clients to detect multiple types of financial crimes such as money laundering, terrorist financing, and drug trafficking
SDK.finance partners with Salt Edge to boost open banking solutions
SDK.finance will use Salt Edge’s network and expertise to provide fintech companies with access to open banking functionalities, including connection to over 5000 banks, domestic and international transfers, and PSD2 Compliance
Lucinity taps Knights Analytics to advance its financial crime compliance platform
Lucinity aims to enhance its financial crime compliance platform with advanced AI data management capabilities, including Generative AI analysis, improved data quality, and on-demand entity resolution
Rillet secures $13.5m financing to advance its accounting platform
The accounting automation company, which aims to make a zero-day close reality for everyone, intends to use the new funding to further expand its team and product build to support customers in new verticals from e-commerce to fintech
UK’s FCA announces new rules and proposals for wholesale markets
FCA proposed rules to establish the new Public Offers and Admissions to Trading Regime (POATRs), which will replace the current UK Prospectus Regulation, and seeks feedback on a new proposal for public offer platforms
JPMorgan rolls out in-house GenAI-based chatbot to employees
JPMorgan Chase initially offered a large language model platform, dubbed LLM Suite, to its employees in the asset and wealth management division, saying LLM Suite is similar to OpenAI’s ChatGPT and can do the work of a research analyst
Infrrd unveils MortgageCheck platform to automate loan auditing
Developed in partnership with Asurity, the MortgageCheck platform uses patented AI algorithms to automatically index, categorise, and scrutinise loan documents, and transforms mortgage auditing for mortgage lenders and servicers
FL Putnam acquires three independent investment advisors in US
The transactions add more than $1.25bn in assets under management, 450 clients, and two new offices, and strengthen FL Putnam’s financial planning and investment management capabilities with 10 new advisors
Morgan Stanley Expansion Capital acquires stake in Sokin
The strategic investment from Morgan Stanley Expansion Capital and other investors is expected to support Sokin’s, through considerable capital and help advance its product growth plans and global expansion