All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
GTreasury expands with global development hub in Dublin, Ireland
The company’s expanded office in Dublin will focus on solution delivery, increased data analytics, faster time-to-market for new capabilities, and easy adaptability for future treasury challenges
Merrill Lynch, Wells Fargo to pay $60m fine to settle SEC charges
SEC found that Merrill Lynch and Wells Fargo’s two advisory firms failed to adopt and implement policies and procedures to prevent violations of the Advisers Act and the rules relating to cash sweep programmes
TransUnion to acquire controlling stake in Trans Union de Mexico
TransUnion currently owns around 26% stake in Trans Union de Mexico and will acquire an additional 68% stake from selling shareholders, including several of the largest banks operating in Mexico
Block to pay $80m fine over violation of BSA/AML regulations
According to the multistate settlement, Block has violated the BSA/AML laws and has agreed to pay the penalty, hire an independent consultant to review its BSA/AML programme and submit a report to the states
RatioHub rolls out AI investment management solution in UAE
RatioHub’s AI-powered solution is specifically designed for financial markets and bridges the gap in the market by analysing complex data sets, identifying patterns, and offering customised recommendations
GCG AP acquires First Fidelity Financial Group of Atlanta
The acquisition enhances GCG AP’s footprint, increases its managed assets to nearly $2.9bn and expands its presence in the Atlanta market with over $400m in client assets
Case IQ acquires Lextegrity to boost compliance and risk management
The acquisition enables Case IQ to provide an advanced compliance and risk management solution that combines compliance monitoring, risk oversight, case management, and whistleblower solutions, among others
Julius Baer to sell its Brazilian wealth management unit to BTG
Julius Baer Brazil is an independent wealth manager in Brazil, with offices in São Paulo, Belo Horizonte, and Rio de Janeiro, focused on high and ultra-high-net-worth segments
Regions Bank selects Axway’s Amplify Open Banking solution
Regions Bank will use Axway’s Amplify Open Banking solution to enhance the open banking capabilities of its Consumer Banking, Corporate Banking and Wealth Management businesses
Invst acquires NS Capital to create combined retirement solutions firm
The combined entity, dubbed Invst Unity Pooled Employer Plan (PEP) will harness the expertise of both firms to provide employers and employees with an easy and cost-effective retirement experience