All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
BNP Paribas acquires AXA IM to strengthen asset management
Building on AXA IM’s market position and expertise in private assets, the acquisition aims to strengthen BNP Paribas’ position in long-term asset management for insurers and pension funds
Block faces $40m fine over compliance issues in Cash App
Block had significant gaps in anti-money laundering and know-your-customer programmes, which facilitated illegal activities, including money laundering and terrorism financing
Signature Bank partners with Q2 for digital banking transformation
The collaboration aims to advance Signature Bank’s digital transformation through a new platform that enables the bank to offer digital banking products to a diverse customer base
Rain secures $75m funding to enhance financial wellness solutions
Rain partners with thousands of employers and intends to use the funding to scale its market reach and develop new financial wellness solutions for employees and employers
Turbine Finance secures $13m funding to enhance liquidity platform
The company has also secured a $100m warehouse loan facility from Silicon Valley Bank, which allows general and limited partners to borrow against their existing fund investments
Ascend partners with borrowedtyme to enhance payment processing
The collaboration aims to enhance payment processing options for agencies using btcore, which integrates client relationships, profiles, policies, claims, billing, service interactions, and financial accounting data into a single platform
Arta Finance launches AI agents to transform wealth management
The new Arta AI service aims to simplify complex financial decisions and enhance client engagement, marking a significant advancement in AI-driven wealth management
Protiviti acquires Adamantia to enhance financial services in France
The proposed acquisition will use Adamantia’s expertise in the financial services sector and Protiviti’s expansive global network to create a platform for expansion in the French market
Wealth Enhancement acquires FIBT’s wealth services division
FIBT’s wealth services division provides personal trust, estate planning, and asset management services across Arizona, Minnesota, South Dakota, and beyond
Mendel secures $35m funding to boost travel and spend management
Mendel intends to use the financing to boost its technology and AI development, particularly in its corporate travel module, Mendel Viajes, to streamline business travel management