Thursday, September 29, 2022

Harbourfront closes transaction with US-based Audax Private Equity

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The Harbourfront Group of Companies, which includes Harbourfront Wealth Management Inc. (Harbourfront Wealth), a Canadian independent wealth management and planning advisory firm, announced the close of its previously announced strategic investment from Audax Private Equity (Audax), a US-based strategic partner that specializes in the middle market. The transaction successfully closed on September 9, 2022, pursuant to regulatory approval.

James Charalambides appointed by Adams Street to lead EU credit team

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Adams Street Partners, a private markets investment firm with $5 billion in assets under management (AUM), launched its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team. James Charalambides will be responsible for leading and managing the firm’s private credit-related efforts in Europe and supporting all aspects of the decision-making process – including sourcing, structuring, reviewing, and negotiating deal opportunities in this space. Mr. Charalambides will report to Bill Sacher, Partner & Head of Private Credit at Adams Street.

Novatti Group adopts ThetaRay AI tech to monitor global payments

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ThetaRay, a provider of AI-powered transaction monitoring technology, announced that Novatti Group (ASX:NOV), a global fintech that enables businesses to pay and be paid, has chosen SONAR, ThetaRay’s SaaS AML transaction monitoring solution, to protect its growing global payments services against money laundering and other financial crimes.

Liquidnet enhances VWAP trading with new VWAP cross offering

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Liquidnet, a tech-driven agency execution specialist, announced the launch of a new VWAP Cross trading capability allowing pre-market block trading at the full day VWAP price. The new offering includes built-in price protection features to achieve little or no market impact. The VWAP Cross functionality builds on Liquidnet’s VWAP Smart Blocks functionality which allows intra-day VWAP block trading. The feature provides access to a completely unique source of block-size, pre-market institutional liquidity, hence offering the Liquidnet Member community a significantly improved VWAP performance and minimized market impact.

Home loan hack: How 15,000 Aussies have saved $90 million in 9 months

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How much is a good mortgage broker worth? If you have a mortgage and the broker is using the AI tech platform Sherlok, it could save you tens of thousands of dollars a year. New data from Sherlok has revealed more than 15,000 Australians have saved a combined $90m on their home loans in nine months, by having savvy mortgage brokers negotiate with lenders to reprice mortgages on behalf of clients, when their rate becomes uncompetitive.

Standard Chartered completes pilot of Trade Financing Validation Service

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Standard Chartered completed an industry-first pilot testing of the Trade Financing Validation Service provided by MonetaGo over SWIFT, to mitigate the risks of duplicate trade finance fraud on a global scale. With a view to effectively detecting, deterring and preventing duplicate financing, the Trade Financing Validation Service powered by fintech MonetaGo’s Secure Financing system is the first natively solution that is interoperable between markets.

Annual Trintech Connect to advance finance transformation initiatives

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Trintech, a global provider of integrated, cloud-based financial close solutions for the Office of Finance, kicks off Trintech Connect this fall with various regional sessions designed to address the unique needs of different audience segments. Our annual customer events empower global organizations to take the next step in their finance transformation journey and leverage automation across their entire reconciliation and financial close processes.

UK investors brace for recession before the end of 2022, finds HYCM

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A new research study of 885 United Kingdom-based retail investors has revealed how investors are managing their portfolios in light of high inflation, low growth, subsequent recession risks and the Conservative leadership contest. UK investors are bracing for a recession before the end of the year, new study commissioned by HYCM has found.

Ownera closes $20 million Series A led by J.P. Morgan and LRC Group

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Ownera, the company delivering an extensive interoperability trading network for tokenized assets, has announced Series A funding of $20 million including J.P. Morgan and LRC Group. Ownera’s objective is to create a global unified inter-trading pipeline for digital securities, efficiently connecting siloed tokenization platforms and trading interfaces. Based on the open-source FINP2P protocol, Ownera’s offering seamlessly connects any type of securities tokenization engine on any public or private blockchain, or even on traditional ledgers.

Experian ranked in the top 10 of top providers of financial technology

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Experian ranked #9 on the 2022 IDC FinTech Ranking, jumping from #11. The FinTech Rankings is an annual ranking highlighting the top 100 providers of financial tech by revenue. The robust data assets of Experian, combined with best-in-class modeling, decisioning, and tech are powering new and innovative solutions. Experian has invested heavily in tech and infrastructure to deliver the freshest insights, at the right time, to make the right decision.