Latest news with #PTM
Business Wire
4 days ago
- Business
- Business Wire
Property Technology Magazine Unveils 'PropTech Top 50 Index' and the '2025 PropTech Trends Report – The Great Rebuild.'
WASHINGTON--(BUSINESS WIRE)--Property Technology Magazine ('PTM') today announced the publication of its PropTech Trends Report 2025 – The Great Rebuild: How PropTech Is Powering Real Estate's Digital and Sustainable Renaissance. Property Technology Magazine's 2025 Trends Report, 'The Great Rebuild,' charts where capital moves and highlights the breakthroughs transforming a $120-trillion global asset class. Share Drawing on proprietary surveys, venture-funding data, expert interviews, and industry reporting, the 80-page report charts the sector's rebound from macro-headwinds and sets a bold vision for the decade ahead. Key Findings Market momentum. The global PropTech sector was valued at $35–40 billion in 2024 and is projected to exceed $100 billion before 2032, nearly tripling in size. Capital resilience. Despite a broader VC slowdown, $42 billion poured into PropTech across 80 countries in 2023. AI everywhere. Roughly 70 % of recent PropTech deals contained an AI component, with $3.2 billion invested in AI-centric real-estate tech in 2024. Smart-building surge. An estimated three in four new commercial buildings now launch with embedded IoT systems, cementing smart-building tech as a default standard. U.S. leadership, global growth. The United States still captures 27-40 % of worldwide PropTech value, while Asia-Pacific is the fastest-growing region at ~20.5 % CAGR through 2032. Introducing the Top 50 PropTech Index 2025 The report debuts PTM's Top 50 PropTech Index, ranking companies on revenue growth, funding, innovation, trend adoption, and customer uptake. Why It Matters 'Real-estate technology has crossed the Rubicon,' said Bianca Ford, Editor-in-Chief of Property Technology Magazine. 'Our latest research confirms PropTech is now embedded in every phase of the property life-cycle—from AI-driven underwriting to IoT-enabled building operations. The Great Rebuild not only maps where the money flows but pinpoints the innovations reshaping a $120-trillion global asset class.' Availability Property Technology Magazine (PTM) is a leading global digital publication dedicated to the advancement of real estate technology. It provides industry professionals, investors, and technology leaders with in-depth analysis, data-driven insights, and coverage of emerging trends across key sectors, including but not limited to general PropTech, multifamily, retail real estate, and construction technology (ConTech). PTM serves as an essential resource for decision-makers navigating the rapidly evolving PropTech landscape worldwide. For more information, visit
Associated Press
30-04-2025
- Business
- Associated Press
TMX Group Ushers in a New Era in Canada's Markets with Post Trade Modernization
CDS, Canada's equities and fixed income clearinghouse, introduces major upgrades to critical infrastructure designed to better serve global client base Toronto, Ontario--(Newsfile Corp. - April 30, 2025) - The Canadian Depository for Securities Limited (CDS), a wholly-owned subsidiary of TMX Group Limited (TMX Group), this week implemented upgrades to CDS's foundational clearing technology, designed under its post trade modernization initiative (PTM), which includes the replacement of certain legacy systems related to clearing and settlement, as well as depository and entitlement payments. 'Post trade modernization represents a game-changer for Canada's equities, fixed income and OTC clearinghouse and a key milestone in the evolution of TMX,' said John McKenzie, CEO, TMX Group. 'The launch of the new platform advances our core technology capability and ultimately strengthens Canada's ability to compete for global investment. TMX's investment in clearing technology also delivers on our enterprise wide commitment to ensuring these critical systems are efficient, resilient and adaptive. Above all, we are grateful for the contribution of our stakeholders in helping to vault Canada's markets to the front of the global pack.' Powered by TCS BaNCSTM for Market Infrastructure, an industry leading high performance, scalable and standards compliant clearing and settlement solution provided by Tata Consultancy Services (TCS), the new platform represents a significant upgrade to critical components of Canada's capital markets infrastructure and will serve to power recent initiatives, including the Canadian Collateral Management Service, launched in 2024. 'The successful completion of the complex PTM project is the culmination of a great deal of hard work by a dedicated team here across clearing and technology divisions, working in close collaboration with TCS, and our network of industry participants,' said Kevin Sampson, President, CDS. 'I want to extend my sincere thanks to our team and to our valued stakeholders for stepping up to work alongside us to deliver a new, leading-edge solution to strengthen Canada's capital markets ecosystem.' For more information about PTM, please visit CDS - Modernizing the Post Trade Experience. About TMX Group (TSX: X) TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMXTrayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit Follow TMX Group on X: @TMXGroup. For more information please contact: Catherine Kee Head of Media Relations TMX Group 416-671-1704 [email protected] To view the source version of this press release, please visit
Express Tribune
26-03-2025
- Politics
- Express Tribune
Complexities of Balochistan
Listen to article Mehrang Langov is in jail. She was arrested while inspecting the dead bodies recovered after the Jaffar Express operation that killed hundreds, including innocent men, women, and children, alongside scores of security personnel. According to state media, she stormed into the hospital to claim the bodies, defying the image of a so-called pacifist. For years, Mehrang has been at the forefront of protests against enforced disappearances, something that she and many in Balochistan believe is part of a state policy aimed at suppressing the separatist movement. This movement, simmering since decades, has grown increasingly violent over the past decade. While Mehrang presents herself as a human rights activist, Pakistan's state institutions see her as a pawn in the hands of foreign forces, particularly India. She has been accused of supporting the Balochistan Liberation Army (BLA), a group that has not only waged war against the state but has also slaughtered thousands of innocent people, particularly those of Punjabi origin. She has also openly backed the Pashtun Tahaffuz Movement (PTM) despite its known anti-Pakistan rhetoric and activities. Repeatedly asked in media interviews to condemn the BLA and PTM, Mehrang has consistently dodged the question, instead doubling down on the narrative of enforced disappearances. The question arises: whose bodies was she looking for at the morgue? Were they passengers, personal acquaintances, or fellow members of the Baloch Yakjehti Council (BYC), which she leads? Why was she so concerned about retrieving them? According to state sources, the bodies Mehrang sought to claim belonged to BLA militants killed in the Jaffar Express ambush. If she insists that these individuals were linked to her and the BYC, does that not imply an implicit endorsement of their violence? If, in her view, the state's alleged "kill and dump" policy is unacceptable, then why does she not extend the same moral standard to terrorist organisations? It is undeniable that the state's heavy-handed response to the grievances of the people of Balochistan has, at times, exacerbated the crisis. When Baloch families marched to Islamabad in 2023 seeking answers about their missing loved ones, their concerns should have been met with dialogue rather than force. A more diplomatic approach, one balancing "carrot and stick", could have prevented the situation from reaching this point, where even terrorists are being painted as victims. However, it is also essential to dismantle the false victimhood narrative surrounding Mehrang Langov. Contrary to claims that she was deprived of educational opportunities, Mehrang, a doctor by profession, received her degree from Bolan Medical College on a full scholarship. The story that her mother had to sell her clothes to raise a meager Rs5,000 annual fee is nothing but a fabrication designed to bolster the illusion of systematic oppression. Balochistan, like the rest of Pakistan, has undeniable educational challenges, but the claim that Baloch youth are entirely deprived of opportunities is misleading. The very activists leading the BYC today — educated, articulate and well-versed in political discourse — received their education in Pakistan, not in India, Afghanistan, or the West. If they now stand against the state, it is not because they were denied education but because separatist elements have hijacked their cause. The BLA of today bears little resemblance to the separatist movement of the early 2000s. It has devolved into a terrorist outfit, run by thugs rather than ideologues. If their real concern was the well-being of the Baloch people, why would they sabotage CPEC? Why would they attack passenger trains and buses carrying innocent civilians? Why would they keep Balochistan in a perpetual state of violence, suffocating its economic potential under the pretext of resistance? The BLA's actions have only worsened the very conditions they claim to oppose. Pakistan's federal structure is not without fault, but it is essential to ask: who truly holds the power in Balochistan? The province has long been controlled by feudal lords and tribal chieftains, who perpetuate a cycle of exploitation. Elections, governance, and even insurgency revolve around the same elite families. One tribal chief wins an election and enters the assembly. His rival? His own brother. Meanwhile, another family member leads an armed rebellion against the state. They control both power and insurgency, ensuring that no real progress is ever made — only the common people of Balochistan continue to suffer. When BLA terrorists recruit Baloch daughters and sisters for suicide bombings, Akhtar Mengal remains silent. His sudden decision to use the "women's rights" card for a so-called Long March is nothing more than a desperate attempt to revive his dwindling political career. Despite the complexities, Balochistan's problems cannot be solved through brute force alone. The province needs a genuine healing touch, one that emerges from within its own sociopolitical framework. Someone from within the warring factions must take the lead in dousing the flames of separatism before the propaganda becomes too deeply entrenched to counter. Mehrang Langov and others like her are doing no service to Balochistan or Pakistan. Instead, they are acting as useful instruments in the hands of foreign powers intent on destabilising the country. If Balochistan is to progress, it must first identify its real oppressors - not in Islamabad, but within its own feudal hierarchy.
Yahoo
12-02-2025
- Business
- Yahoo
Upstart Holdings Inc (UPST) Q4 2024 Earnings Call Highlights: Strong Revenue Growth and ...
Revenue: $219 million in Q4, up 56% year over year and 35% quarter on quarter. Revenue from Fees: $199 million, up 30% year over year and 19% sequentially. Net Interest Income: Approximately $20 million in Q4. Origination Volume: Grew 33% sequentially and 68% year over year. Adjusted EBITDA: $39 million in Q4, positive for the second consecutive quarter. GAAP Net Loss: $2.8 million in Q4. Contribution Margin: 61% in Q4, flat versus the prior quarter. Loan Transactions: Approximately 246,000, up 89% from the prior year and 31% sequentially. Average Loan Size: Approximately $8,580, up from $8,400 in the prior quarter. Unrestricted Cash Position: $788 million at year-end. Loans on Balance Sheet: $806 million at year-end, down 28% from the prior year. Full Year 2024 Net Revenue: Approximately $637 million, up 24% from 2023. Full Year 2024 Adjusted EBITDA: $10.6 million, representing a 2% adjusted EBITDA margin. Warning! GuruFocus has detected 3 Warning Sign with UPST. Release Date: February 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Upstart Holdings Inc (NASDAQ:UPST) reported a strong fourth quarter with a 33% increase in origination volume and a 35% increase in revenue sequentially. The company launched Model 19, which introduced the Payment Transition Model (PTM), enhancing model accuracy and risk separation. Upstart's auto refinance and HELOC products saw significant growth, with origination volumes increasing by approximately 60% sequentially. The company achieved a 25% sequential increase in the rate of delinquent borrowers making payments within 14 days of contact, demonstrating improved borrower outcomes. Upstart strengthened its balance sheet by refinancing convertible debt and raising almost $500 million, improving its cash position and liquidity. Despite improvements, Upstart Holdings Inc (NASDAQ:UPST) reported a GAAP net loss of $2.8 million for the fourth quarter. The company faces challenges in reducing the amount of loans held directly on its balance sheet, which rose sequentially in Q4. There is uncertainty regarding the macroeconomic environment, with potential rate increases posing a risk to future performance. The transition to one-year equity grants is expected to negatively impact stock-based compensation expenses. Upstart's contribution margin remained flat at 61% in Q4, indicating potential pressure on margins as the company scales. Q: How is Upstart thinking about the mix of funding moving forward, particularly between committed capital and other sources? A: Sanjay Datta, CFO, stated that the medium-term objective remains to have over 50% of capital committed, with the balance between bank and credit union balance sheet capital and at-will sources like ABS and hedge funds. In the short term, they are focusing on expanding borrower volumes and striking large deals with counterparties. Q: Can you break down what drove the upside in borrower demand this quarter? A: Sanjay Datta, CFO, explained that the increase in approvability and conversion was due to improvements in model accuracy, moderation in default rates, and the impact of rate cuts from last fall. These factors collectively contributed to lower APRs on the platform. Q: What is Upstart's view on risk retention in forming new sources of capital? A: Sanjay Datta, CFO, mentioned that Upstart maintains a target percentage of its platform underpinned by committed capital, with a single-digit percentage of total capital at risk from their balance sheet. There is an increasing appetite for risk in the securitization markets and loan asset purchasing. Q: How does Upstart plan to manage potential macroeconomic uncertainties in 2025? A: Dave Girouard, CEO, stated that Upstart takes a conservative position by not assuming changes in interest rates or the Upstart Macro Index (UMI). They build conservatism into their models to target modest overperformance if conditions remain stable, allowing for quick adjustments to any changes. Q: What are the main drivers of improved conversion rates, and how do these improvements affect loan buyers? A: Dave Girouard, CEO, highlighted that more accurate models and increased automation drive conversion improvements. Sanjay Datta, CFO, added that loan buyers are accustomed to Upstart's evolving models and that better models typically result in lower APRs for borrowers, rather than altering investor returns. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
