All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Robinhood Markets agrees to acquire TradePMR for up to $300m
TradePMR has more than 25 years of experience in the industry, $40bn in assets under administration, and has developed an open architecture platform, dubbed Fusion, for enhanced advisory experience
Westwood taps OneVest for its wealth management platform
Westwood will integrate OneVest’s advanced, highly configurable platform to provide a superior digital experience for Westwood’s private wealth advisors, reducing the burden of administrative work
Amundi acquires financial software provider aixigo for €149m
Aixigo employs 150 people and serves more than 20 clients, including international financial institutions, supporting advisors with client onboarding, portfolio management, order placement, and reporting
Bank of Shanghai selects Linedata’s Global Hedge solution for reporting
The bank selected Linedata’s Global Hedge solution to enhance efficiency, value, and service, improve portfolio management and enable more precise calculation of the bank’s net asset value
BlueFlame AI rolls out Blueprints solution for investment managers
The new Blueprints solution leverages advanced generative AI (GenAI) to automate the time-consuming routine tasks and workflows without needing coding or technical expertise
Intesa Sanpaolo, Blackrock partner to advance wealth management in Europe
FISPB will leverage BlackRock’s investment expertise, advanced technology capabilities and deep knowledge of the wealth market, to enhance its digital services in brokerage, hybrid advisory, and discretionary portfolio management
LGT Crestone to acquire CBA’s personal advice business
LGT Crestone will add around 40 experienced advisers, associates and support employees from CBA’s Private Advice into its business, allowing its clients to maintain existing adviser relationships
CFPB orders Navy Federal to pay $95m for illegal overdraft fees
Navy Federal, through its Optional Overdraft Protection Service (OOPS), illegally charged overdraft fees when they made purchases even when their accounts showed adequate money to cover the transaction
Ocrolus, LendSaaS partner to advance MCA origination with AI
The collaboration, which aims to enhance MCA origination, will allow LendSaaS customers to access Ocrolus’ document analysis, cash flow analytics and automated file-tampering signals within the LendSaaS platform
Mbanq rolls out AI-powered core banking solution Mbanq.AI
The Mbanq.AI solution, which embeds AI into numerous layers of banking operations, will transform the operations of banks and fintechs by reducing costs, minimising risk, and enhancing customer engagement