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Turing Technology,
Artificial Intelligence Investment Services Machine Learning News

Active Investment Management is Latest Industry Poised to Fall to the Advances of Artificial Intelligence (AI)

Fintech News Desk
According to Turing Technology, a fundamental rethinking of active investment management is underway that is destined to put several trillion dollars in assets in motion.  The pending upheaval is based on enabling AI and Machine Learning technology; the platform driving the change is Ensemble Active Management, or EAM.  EAM is......
Futuregrowth Asset Management Expands Strategic Relationship with Confluence
Investments News Risk Management

Futuregrowth Asset Management Expands Strategic Relationship with Confluence

Fintech News Desk
South African-based asset manager with $13B in AUM moves into Production with Confluence’s Delta solution Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider that helps the investment management industry solve complex investment data challenges, today announced it has expanded its relationship with Futuregrowth Asset Management (Pty) Ltd (“Futuregrowth”). Futuregrowth is......
Verdant Capital Raises USD 9.9 M Series A Equity Capital for Fintech Startup Tugende
B2B News

Verdant Capital Raises USD 9.9 M Series A Equity Capital for Fintech Startup Tugende

Fintech News Desk
The transaction is the most recent for the award winning fintech and financial inclusion investment banking franchise of Verdant Capital (www.Verdant-Cap.com). Partech Africa, a member of the Partech Group, a leading global technology venture capital fund, and Enza Capital invested in the USD 3.6 million extension round – agreed and......
KPMG's New Tax Data Reader Tool Automates Analysis Of Financial Data, Simplifying Tax Filing Season
Investment Services Investments News Technology

KPMG’s New Tax Data Reader Tool Automates Analysis Of Financial Data, Simplifying Tax Filing Season

Fintech News Desk
Firm receives patent on natural language processing and character recognition technology As companies continue to struggle with synthesizing and understanding enormous amounts of data, especially financial data, and remaining tax compliant, KPMG LLP today announced it was granted U.S. Patent No. 10,922,358 for its Tax Data Reader innovation. This tool rapidly extracts......
Brighton Park Capital Completes Eighth Platform Investment as Part of Its $1.1 Billion Fund
Digital Investment Services Investments News

Brighton Park Capital Completes Eighth Platform Investment as Part of Its $1.1 Billion Fund

Fintech News Desk
Technology industry veterans’ fund focuses on growth-stage software and technology-enabled businesses Brighton Park Capital Management, L.P.  announced the successful completion of its third investment in 2021. This milestone expands Brighton Park’s portfolio to eight platform investments, the latest of which include: OPSWAT, a cybersecurity company focused on protecting critical infrastructure; NuORDER,......
Sai Uppuluri Joins Jetty as Chief Risk Officer
Fintech News Risk Management

Sai Uppuluri Joins Jetty as Chief Risk Officer

Fintech News Desk
Uppuluri brings more than 15 years of experience in risk management Jetty, the financial services company on a mission to make renting a home more affordable and effortless, announced the hiring of Sai Uppuluri as Chief Risk Officer. In this role, Uppuluri will lead the company’s risk teams and oversee underwriting, risk management, and......
Venerable Names Senior Vice President and Vice President within Investment and Finance Organizations
Investment Services Investments News Risk Management

Venerable Names Senior Vice President and Vice President within Investment and Finance Organizations

Fintech News Desk
Venerable announced the promotions of two West Chester, PA based Investment and Finance leaders, Tim Henry and Karthik Gadiraju. As Senior Vice President, Tim Henry, will lead a team of highly skilled investment professionals and will be tasked with adding a second asset manager to Venerable’s business model at the close of the previously communicated transaction with......
Confluence’s Risk API Solution Chosen by Leading Global Fund Administrator
Investment Services Investments News

Confluence’s Risk API Solution Chosen by Leading Global Fund Administrator

Fintech News Desk
Under a long-term contract, the new global fund administrator client will employ Confluence’s cloud-based Risk API solution Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider helping the investment management industry solve complex investment data challenges, announced it has secured a long-term contract with a leading global fund administrator that......
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