Latest news with #FinancialTechnology
Bloomberg
3 days ago
- Business
- Bloomberg
Banks Score Win With $2 Billion Debt Deal for FinTech IntraFi
Financial technology firm IntraFi raised more than $2 billion in the leveraged loan market, marking a win for Wall Street banks against private credit firms, which had discussed providing a debt package in recent months. A group of banks led by Morgan Stanley sold debt on behalf of IntraFi, backed by Blackstone Inc. and Warburg Pincus, so the company could pay its private equity owners a dividend and refinance a slice of its riskier debt, according to people with knowledge of the matter.
Yahoo
30-07-2025
- Business
- Yahoo
EquiLend acquires Trading Apps to boost securities finance automation
Financial technology company EquiLend has acquired front-office technology provider Trading Apps in a move to expand its role in securities finance automation. The acquisition is part of EquiLend's strategy to enhance front-office to post-trade operations by integrating more automated solutions. Trading Apps has developed trading tools such as the Lender and Borrower Apps, which automate workflows and help manage short positions, negotiate rates, and optimise returns. The financial terms of the acquisition have not been disclosed. Trading Apps CEO Matthew Harrison said: "By becoming part of EquiLend, we're bringing together complementary strengths and setting the stage for what the next generation of securities finance technology will look like." Trading Apps' messaging service will be integrated as a resilience solution for EquiLend's Next Generation Trading (NGT) platform, but will operate independently to maintain redundancy and stability. This move aligns with EquiLend's aim to provide flexible tools either independently or in conjunction with existing services. EquiLend CEO Rich Grossi said: "This acquisition enhances our ability to deliver even greater value to our clients by accelerating automation across the EquiLend platform. "The Trading Apps team has built high-quality tools that help firms move faster and operate more efficiently. Integrating these capabilities into the EquiLend platform will provide our clients with a broader set of solutions to fit their securities finance needs.' EquiLend operates globally with offices in North America, Europe, the Middle East, and Africa, and Asia-Pacific, providing trading, post-trade, data analytics, regulatory technology, and platform solutions. The acquisition is expected to enhance EquiLend's ability to serve the securities finance industry by improving trade flow efficiency and reducing manual processes. In March 2025, EquiLend received a minority investment from an affiliate of Bank of New York Mellon (BNY). BNY will also join the initial users of EquiLend's 1Source platform, which is designed to offer a unified source of truth for securities finance transactions. 1Source aims to improve transparency and reduce inefficiencies using smart contracts and distributed ledger technology. "EquiLend acquires Trading Apps to boost securities finance automation" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16-07-2025
- Business
- Globe and Mail
FIS Recognized by CNBC as One of the World's Top Fintech Companies
FIS ® (NYSE: FIS), a global leader in financial technology, today announced that it has once again been recognized on CNBC's World's Top Fintech Companies list, in the Enterprise Fintech category. 2025 marks the third year in a row that FIS has earned a spot on the annual global ranking, developed in partnership with market research firm Statista. CNBC and Statista evaluated more than 2,000 fintech companies worldwide across eight core segments: Payments, Alternate Finance, Financial Planning, Digital Assets, Neobanking, Wealth Technology, Business Process Solutions, and Banking Solutions. The selection process combined publicly available data analysis with direct company submissions to identify the industry's most impactful organizations. 'We're passionate about creating solutions that not only address today's financial challenges but also help our clients stay ahead of what's next,' said Jim Johnson, co-president Banking Solutions, at FIS. 'Our goal is to help unlock opportunities at every stage of the money lifecycle. We're honored to be recognized by CNBC for the third year in a row: It reinforces our commitment to delivering trusted technology that drives meaningful progress for the institutions we support.' This recognition follows a series of recent advancements from FIS aimed at modernizing the financial services experience and how consumers experience the stages of the money lifecycle, including: Cloud-Native Treasury Solutions: The launch of FIS ® Treasury and Risk Manager – Quantum Cloud Edition provides CFOs and corporate treasurers with rapid visibility into cash positions and risk exposures to help facilitate faster, data-driven decisions. Issuer Enablement Solutions: FIS expanded its partnership with Visa to bring advanced payment capabilities to regional and community banks. The offering helps empower smaller issuers to grow revenue, reduce fraud losses and compete more effectively with larger financial institutions. Financial Harmony Research: FIS' comprehensive study with Oxford Economics surveying over 1,000 C-suite leaders across six industries quantified how cyberthreats, fraud, and regulatory complexities cost businesses an average of $98.5 million annually, while revealing that companies implementing embedded finance solutions achieve on average 8.5% in year-over-year sales growth. The company was also recently recognized as a Leader in the 2025 Gartner ® Magic Quadrant TM for Retail Core Banking Systems in North America, and its Digital Card Issuance solution was named an Overall Leader by Javelin Strategy & Research for its feature-rich design and consumer-centric experience. About FIS FIS is a financial technology company providing solutions to financial institutions, businesses and developers. We unlock financial technology that underpins the world's financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients confidently run, grow and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses adapt to meet the needs of their customers by harnessing the power that comes when reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500 ® and the Standard & Poor's 500 ® Index.
Associated Press
11-07-2025
- Business
- Associated Press
Futurecast AI Awarded Best Market Analytics Tool in the United States for 2025
Futurecast AI has been named the Best Market Analytics Tool in the United States for 2025, marking a major milestone for the company as it revolutionizes investment strategies. United States, July 11, 2025 -- Futurecast AI Earns Prestigious Award as Best Market Analytics Tool in the United States In a significant recognition of its innovation and impact on the financial technology space, Futurecast AI has been awarded the title of Best Market Analytics Tool in the United States for 2025. The award solidifies Futurecast AI's position as a leader in transforming how investors access and interpret market data. The platform, founded by Edward DeLeon Hickman, provides a data-driven solution that empowers investors to navigate volatile markets with greater confidence. Futurecast AI leverages cutting-edge artificial intelligence and sophisticated data analytics to deliver real-time, actionable insights, equipping investors with the tools they need to make informed decisions in an increasingly unpredictable environment. 'We are honored to receive this recognition,' said Edward DeLeon Hickman CEO of Futurecast AI. 'This award is a testament to the hard work and dedication of our team. Our mission has always been to give investors the clarity and precision they need, and this acknowledgment from the industry validates that we are on the right path.' Revolutionizing Investment Decisions with AI Navigating today's investment landscape is a challenge for even the most seasoned professionals. Market fluctuations, economic uncertainty, and an overwhelming amount of data make it hard for investors to stay ahead. Futurecast AI solves this problem by combining artificial intelligence with real-time market data to provide actionable insights that enable investors to act quickly and decisively. Futurecast AI's platform uses sophisticated Language Model Technology (LLM) to process and analyze complex data at speeds that would typically take professional traders hours to dissect. The platform provides users with a streamlined experience—offering not just data, but clarity. This empowers investors to make decisions based on clear, actionable information rather than guesswork. 'By using AI, we've created a tool that enhances human decision-making, not replaces it,' Hickman explained. 'Investors remain in control, but we give them the data they need to make decisions faster and with greater precision.' Why Futurecast AI Stands Out What sets Futurecast AI apart from other financial platforms is its combination of advanced technology with human judgment. Many platforms in the market are fully automated, taking control of the decision-making process. In contrast, Futurecast AI provides investors with powerful data analytics tools while still allowing them to make the final decisions. This approach has resonated with investors who want to retain control over their portfolios while leveraging the latest AI technologies to inform their decisions. 'We've built Futurecast AI with the user in mind, combining human intuition with the speed and accuracy of AI. It's this blend of technology and expertise that makes the platform so effective,' says Hickman. Real-Time Insights and Smart Decision Making Futurecast AI's award-winning platform offers a range of key features designed to help investors make better decisions: A Commitment to Innovation and Clarity Since its inception, Futurecast AI has been driven by a simple philosophy: Stop Guessing, Start Knowing. The platform's focus on clarity and speed ensures that users can make data-backed decisions with confidence, eliminating uncertainty in the investment process. With continued innovation, Futurecast AI aims to expand its capabilities, incorporating additional data sources and refining its AI models to offer even more insightful, real-time data to investors. As the company moves forward, its mission remains clear: to help investors make smarter, more informed decisions. Looking Toward the Future of Investing Futurecast AI's award is a reflection of its success in revolutionizing investment analysis and empowering individual investors. As the platform continues to grow, it is poised to remain at the forefront of financial technology, helping investors navigate the complexities of the market with clarity, precision, and confidence. As AI continues to play a pivotal role in the future of investing, Futurecast AI remains dedicated to developing the tools that investors need to stay ahead of market trends and make informed decisions—no matter how unpredictable the market may be. About Futurecast AI Futurecast AI is a data-driven investment platform designed to help investors make smarter, more informed decisions. Founded by Edward DeLeon Hickman, a seasoned trading professional with over a decade of experience, Futurecast AI blends cutting-edge artificial intelligence with real-time market data to provide actionable insights. By combining advanced technology with human intuition, the platform empowers investors to navigate market fluctuations, detect trends, and make strategic decisions with confidence. Media Contact Edward DeLeon Hickman CEO, Futurecast AI Email: [email protected] Website: FuturecastAI For AnotherZero Staff Only: Do Not Modify Image SEO: Futurecast AI, Investment, AI Tools, Data-Driven Insights, Financial Technology, Market Analysis, Investing Technology, Market Sentiment, Investor Tools, Financial Decisions Relevant Industries: Financial Technology, Artificial Intelligence, Investment, Data Analytics, Market Research Contact Info: Name: Edward DeLeon Hickman Email: Send Email Organization: Futurecast AI Website: Release ID: 89164414 Should you come across any errors, concerns, or inconsistencies within this press release's content, we urge you to reach out without delay by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). 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Argaam
26-06-2025
- Business
- Argaam
Rasan terminates MoU for Holoul Financing acquisition
Rasan Information Technology Co. terminated its non-binding memorandum of understanding (MoU) with Holoul Financing for Financial Technology, a limited liability company. The decision to end the agreement was made after both parties reviewed preliminary findings from technical due diligence, Rasan said in a statement to Tadawul. It added that the costs of due diligence advisors for the technical, financial, and legal areas amounted to SAR 270,000. According to Argaam data, Rasan had signed the MoU in February to acquire a 55% stake in Holoul Financing.
