Latest news with #NiketNishant
Yahoo
06-05-2025
- Business
- Yahoo
UBS partners with General Atlantic to expand into private credit
(Reuters) -Swiss lender UBS Group AG and U.S. investment firm General Atlantic have launched a partnership to expand into the private credit market, the companies said on Tuesday. Private credit refers to the loans typically made to risky borrowers or companies looking to clinch mega buyouts with debt. These loans can be processed quickly and are an important source of funds for borrowers deemed too vulnerable by conventional banks. The companies did not disclose the capital they will commit to the partnership. (Reporting by Niket Nishant in Bengaluru; Editing by Vijay Kishore)
Reuters
06-05-2025
- Business
- Reuters
UBS partners with General Atlantic to expand into private credit
A logo of Swiss bank UBS is seen in Zurich, Switzerland, May 1, 2025. REUTERS/Denis Balibouse/File photo Purchase Licensing Rights , opens new tab May 6 (Reuters) - Swiss lender UBS Group AG (UBSG.S) , opens new tab and U.S. investment firm General Atlantic have launched a partnership to expand into the private credit market, the companies said on Tuesday. Private credit refers to the loans typically made to risky borrowers or companies looking to clinch mega buyouts with debt. These loans can be processed quickly and are an important source of funds for borrowers deemed too vulnerable by conventional banks. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Advertisement · Scroll to continue The companies did not disclose the capital they will commit to the partnership. Reporting by Niket Nishant in Bengaluru; Editing by Vijay Kishore Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
The Star
30-04-2025
- Business
- The Star
Visa partners with AI giants to streamline online shopping
FILE PHOTO: Small toy figures are seen in front of displayed Visa logo in this illustration taken, June 24, 2021. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform that lets users delegate their online shopping tasks to AI agents. While users will set spending limits, the AI agents will do the rest — searching for products, booking vacations or ordering groceries, the payments processor said on Wednesday. WHY IT'S IMPORTANT Digital commerce companies often try to shorten the time between consumers selecting a product and making a payment to prevent them from abandoning their purchases midway. Shorter checkout times have become even more crucial since the COVID-19 pandemic, when many users shifted to online shopping. A 2020 report by Experian found that one in three customers were only willing to wait 30 seconds or less before abandoning an online transaction. Visa's new platform, Visa Intelligent Commerce, could help reduce friction by letting AI handle routine tasks while customers only make the final call. The smoother shopping experience could encourage more spending. CONTEXT AI agents are systems that can act autonomously to perform certain tasks. Unlike chatbots, agents do not require constant human input. They are expected to become a bigger part of businesses' AI plans in the future. An analysis by Boston Consulting Group projects the market could grow at an average annual rate of 45% from 2024 to 2030. Besides Microsoft and OpenAI, Visa is also collaborating with Anthropic, IBM, Mistral AI, Perplexity, Samsung and Stripe. (Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
Yahoo
30-04-2025
- Business
- Yahoo
Visa partners with AI giants to streamline online shopping
By Niket Nishant (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform that lets users delegate their online shopping tasks to AI agents. While users will set spending limits, the AI agents will do the rest — searching for products, booking vacations or ordering groceries, the payments processor said on Wednesday. WHY IT'S IMPORTANT Digital commerce companies often try to shorten the time between consumers selecting a product and making a payment to prevent them from abandoning their purchases midway. Shorter checkout times have become even more crucial since the COVID-19 pandemic, when many users shifted to online shopping. A 2020 report by Experian found that one in three customers were only willing to wait 30 seconds or less before abandoning an online transaction. Visa's new platform, Visa Intelligent Commerce, could help reduce friction by letting AI handle routine tasks while customers only make the final call. The smoother shopping experience could encourage more spending. CONTEXT AI agents are systems that can act autonomously to perform certain tasks. Unlike chatbots, agents do not require constant human input. They are expected to become a bigger part of businesses' AI plans in the future. An analysis by Boston Consulting Group projects the market could grow at an average annual rate of 45% from 2024 to 2030. Besides Microsoft and OpenAI, Visa is also collaborating with Anthropic, IBM, Mistral AI, Perplexity, Samsung and Stripe. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Morgan Stanley investors should reject proposal to expand equity incentives, ISS says
By Niket Nishant and Tatiana Bautzer (Reuters) -Institutional Shareholder Services has urged investors to reject Morgan Stanley's proposal to expand its equity incentive compensation plan, as the proxy adviser escalates its pushback against Wall Street. The investment bank had proposed adding 50 million common shares to its equity incentive plan and extending the program by three years. Such incentives align employee and shareholder interests while discouraging imprudent risk taking, it said. However, ISS said Morgan Stanley had granted too many shares on average over the past three years. Some disclosures were also incomplete, it added. Equity incentives are a common practice at banks, particularly for senior employees, and can account for a significant portion of total pay. So far this proxy season, ISS has opposed a number of management proposals in the United States. It pushed back against retention bonuses for Goldman Sachs' top two executives and the compensation plans for BlackRock's top management. Goldman shareholders approved the pay packages last week, while BlackRock's executive compensation will be put to a non-binding vote on May 15. The proxy adviser, however, has recommended voting for executive pay at Morgan Stanley. The bank declined to comment. ISS and Glass Lewis, the two chief proxy advisers, have drawn multiple allegations of undue influence and lack of transparency. On Tuesday, a Congressional subcommittee held a hearing entitled "Exposing the Proxy Advisory Cartel", where U.S. Representative Ann Wagner, a Missouri Republican, said the companies "routinely dictate" shareholder votes. Separately, Lazard disclosed on Wednesday it had asked ISS to conduct a thorough review of its report, in which the proxy firm recommended a vote against the bank's executive compensation plan. Sign in to access your portfolio
