Month : June 2023

ALCOR Investment Bank Enters Indian Market, Targeting $100Bn IB Services Opportunity
Finance Investment Services News

ALCOR Investment Bank Enters Indian Market, Targeting $100 Billion IB Services Opportunity

PR Newswire
by PR Newswire0
ALCOR Investment Bank, a leading global financial institution, is thrilled to announce a suite of comprehensive services specifically tailored to cater to the burgeoning Indian market. George Molakal, CEO of ALCOR, views India as a “$100Bn opportunity for investment banking firms specializing in global transactions” and asserts that ALCOR is ready to seize......
Customers Bancorp Acquires $631 Million Loan Portfolio at Discount and Recruits Venture Banking Team
Banking Finance News

Customers Bancorp Acquires $631 Million Loan Portfolio at Discount and Recruits Venture Banking Team

Business Wire
by Business Wire0
Expands Premier National Business Serving Innovation and Technology Companies Customers Bancorp, through its principal subsidiary, Customers Bank, has acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value. Separate from the loan pool purchase, Customers has successfully recruited 30 team members from the......
Fujitsu and Mizuho Start Trials for Generative AI to Streamline Development and System Maintenance Operations
Artificial Intelligence Finance News

Fujitsu and Mizuho Start Trials for Generative AI to Streamline Development and System Maintenance Operations

Fintech News Desk
by Fintech News Desk0
Fujitsu and Mizuho Financial Group, Inc. (hereinafter Mizuho) launched joint verification trials using Fujitsu’s generative AI technology to streamline development and maintenance operations of Mizuho’s system. The trials will take place between June 19, 2023 and March 31, 2024. Generative AI technologies offer enormous potential to transform the ways we......
Moniepoint Empowers Nigeria's Underbanked Businesses With Financial Services Enabled by Google Cloud
Banking News

Moniepoint Empowers Nigeria’s Underbanked Businesses With Financial Services Enabled by Google Cloud

PR Newswire
by PR Newswire0
By leveraging Google Cloud’s scalable infrastructure, Moniepoint is able to process USD 14 Billion worth of financial transactions on a monthly basis, providing secure and low latency banking services to Nigeria’s small and medium sized businesses in remote areas and communities Google Cloud announced a new collaboration with Moniepoint, an Africa-focused business banking platform that provides......
Beeks Group and IPC to Power Customer Private Cloud Deployments for the Johannesburg Stock Exchange (JSE)
Cloud News Trading

Beeks Group and IPC to Power Customer Private Cloud Deployments for the Johannesburg Stock Exchange (JSE)

Business Wire
by Business Wire0
The collaboration brings world-class IaaS solutions to Africa’s largest financial market Beeks Group, a leading managed cloud computing and analytics provider for the global financial markets and IPC Systems, a leading provider of electronic trading solutions, today announced the deployment of an advanced managed infrastructure-as a-service (IaaS) solution for the JSE. JSE,......
Berkshire Hathaway Increases its Passive Stakes in Each of Five Leading Japanese Trading Companies
News Trading

Berkshire Hathaway Increases its Passive Stakes in Each of Five Leading Japanese Trading Companies

Business Wire
by Business Wire0
Following the close of the markets in Japan , Berkshire Hathaway’s wholly-owned subsidiary, National Indemnity Company, will notify Japan’s Kanto Local Finance Bureau that it has increased its ownership interest in five of the leading Japanese trading companies. Latest Fintech Interview: Global Fintech Interview with Paul Monk, Chief Executive Officer......
Alliant Insurance Services Hires Peter Mahoney, Grows Northeast Brokerage Team
InsurTech News

Alliant Insurance Services Hires Peter Mahoney, Grows Northeast Brokerage Team

Business Wire
by Business Wire0
Mahoney will focus on designing, implementing, and managing risk mitigation solutions for growing regional client base Peter Mahoney has joined Alliant Insurance Services as Senior Vice President within its Alliant Americas division. Based in White Plains, New York, Mahoney will focus on designing, implementing, and managing risk mitigation solutions and strategies......
Riverbend Energy Group Announces Acquisition to Mark the Rebuilding of Its Non-Operated Energy Strategy
Investment Services News

Riverbend Energy Group Announces Acquisition to Mark the Rebuilding of Its Non-Operated Energy Strategy

Business Wire
by Business Wire0
Riverbend Energy Group, via certain of its affiliates, announced the acquisition of a sizeable non-operated working interest position in the core of the Williston Basin (the “Acquisition”). The Acquisition, along with other recent transactions, provides a high-quality, free cash flow positive non-operated asset base in both the Williston and Permian......
B2Broker Launches NDFs, Cuts Margin Requirements on Crypto Pairs, and Updates Liquidity Packages
Cryptocurrency News

B2Broker Launches NDFs, Cuts Margin Requirements on Crypto Pairs, and Updates Liquidity Packages

Business Wire
by Business Wire0
B2Broker, an industry-leading liquidity and technology provider, has added Non-Deliverable Forwards (NDFs) to its existing range of liquidity options. This addition shows the company’s dedication to providing a full range of asset options and top-quality risk management tools to their clients. Latest Fintech Interview: Global Fintech Interview with Paul Monk, Chief......
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