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Strong transaction volumes and partner expansion drive global payment network Thunes Q2 2020 growth
Record growth in Q2 driven by strong uptake in mobile wallet transactions, global network expansion and rollout of new tech features Thunes, a leading cross-border payments network, today announced an 80% increase in transaction volumes for the second quarter of 2020. Thunes also noted that there was a clear shift......
24 Exchange Tops $100 Million Average Daily Volume in FX NDFs
24 Exchange, a multi-asset class, 24-hour trading platform, has reached an average daily volume of $100 Million in FX NDFs and become a must-access venue for the asset class. In addition, J.P. Morgan began actively trading FX NDFs on the 24 Exchange platform on Day 1 of operation in December of 2019 and remains one of the most active dealers on the platform. Read......
GrayQuest Raises $1.2 million in Pre-Series A funding Led by Foundation Holdings
GrayQuest, an education-focused fintech company, has raised $1.2 million in Pre-Series A funding led by Foundation Holdings, a strategic global investment firm to increase access to affordable education in India. GrayQuest enables parents to pay their annual education fees in up to 12 monthly instalments – without incurring any extra cost......
Clermont Partners Expands Senior Leadership with the Addition of Jim Koppa as Director of Research
Clermont Partners, one of the nation’s largest women-owned financial communications firms, announced today it has expanded its senior management team with the addition of Jim Koppa as Director of Research. For more than 15 years, Mr. Koppa has utilized his deep knowledge of the investment community, leveraging advanced data analytics......
Prudential Financial to sell Prudential of Taiwan to Taishin Financial
Prudential Financial, announced that it has entered into a definitive agreement with Taishin Financial Holding Co., Ltd., a leading Taiwan-based financial institution, to sell Prudential Life Insurance Company of Taiwan Inc. Read More: Habito, UK’s Digital Mortgage Broker, Secures £5.5m in Series A funding Under the terms of the agreement,......
BTIG Investment Banking Adds Industry Veteran Kimberly Boulmetis as a Managing Director to Its Specialty Finance Unit
BTIG announced today that Kimberly Boulmetis has joined the firm’s Specialty Finance Investment Banking unit as a Managing Director. Ms. Boulmetis will be based in the firm’s New York office, and will report to Dan Blood, Managing Director and Head of Specialty Finance, at BTIG. Read More: Four Benefits of Buy Now Pay Later for Ecommerce......
BondEvalue and Northern Trust Collaborate to Complete World’s First Blockchain-based Bond Trade
Northern Trust and BondEvalue announced the completion of the first trade of a fractionalized blockchain-based bond. Read More: Four Benefits of Buy Now Pay Later for Ecommerce Retailers “This milestone represents a significant step towards making institutional grade bonds more widely accessible to certain investors. Our platform is greatly assisted......
Barclays Launches Systematic Study of ESG-Focussed US Equity Funds
ESG-focussed mutual funds are attracting large inflows, but fundamental challenges remain in defining what constitutes an ESG-labelled equity fund. In a systematic study of US equity funds, Barclays Quantitative Portfolio Strategy (“QPS”) team finds that ESG-labelled funds do not necessarily provide more ESG exposure than conventional funds. Read More: Curb Debuts......
JMP Group Announces Changes in Sales and Trading Leadership
JMP Group LLC, an investment banking and alternative asset management firm, today announced changes in the management of the institutional brokerage division at JMP Securities. James O’Day has been named head of institutional sales, and Charles Sweeney, JMP Securities’ director of sales and trading, has been appointed to JMP Group’s operating......