TechCrunch: M&A

JUNE 22, 2023

Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash. X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. The company announced its most recent raise of $15 million in December, when it also touted a 50% boost in its valuation.

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JD Supra: Mergers

JUNE 23, 2023

With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace since the beginning of the year, the questions around getting a deal done boil down to the following: How and where can companies get financing now that the PIPE (private investment in public equity) market has dried up? How long will it really take to get the deal closed, now that target companies are not easy to come by and every deal seems to need an extension?

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Midaxo

JUNE 20, 2023

Introduction Managing a large pipeline of potential deals can be a daunting task. Deal teams often struggle to prioritize targets effectively and stay focused on the highest value opportunities. However, by leveraging first- and third-party data with Midaxo Deal Scoring, dealmakers can more efficiently focus their pipeline management, prioritize targets based on their deal thesis, and make informed decisions.

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H. Friedman Search

JUNE 22, 2023

The truth is that change is in the air. This seems to be a repeating theme over the last couple of months and those that are prepared for this will weather the storm if it comes upon them. Over the last few weeks, our phones have been ringing with the same theme, “I never saw this happening, but I was let go.” This is not just happening at the junior level; it’s now happening at the senior level in all positions in public finance.

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Recruitment Finance Finance IT 195

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Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

Management

Global Banking & Finance

JUNE 20, 2023

Factbox – Graphite producers doing deals with automakers and battery groups LONDON (Reuters) – Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite demand for electric vehicle (EV) batteries outpaces other uses.

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Business Standard - FInance

JUNE 22, 2023

The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms

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The TRADE

JUNE 23, 2023

JP Morgan was ordered to pay a $4 million civil monetary penalty by the US Securities and Exchange Commission (SEC) on Thursday following findings from the watchdog that found that it had mistakenly deleted 47 million emails. According to the SEC’s order, in June 2019, JP Morgan employees “erroneously” deleted electronic communications – some 47 million emails – from the first quarter of 2018, believing that the documents were coded in a way to prevent permanent deletion due to written communica

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Global Banking & Finance

JUNE 20, 2023

Mastercard launches global plan to recycle credit cards By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill.

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Mergers and Inquisitions

JUNE 21, 2023

Investment banking in Dubai stands out for attracting remarkable hype on social media. You’ll find influencers on Instagram, TikTok, LinkedIn, and other sites constantly praising Dubai and claiming it’s the best place to work or start a business. It’s almost like the city has its own PR department and never-ending marketing campaign. If you’re interested in the Middle East or have connections to the region, all this hype has probably made you wonder about finance careers there.

Investment Banking 101

Investment Banking Bank Banking Investment 101

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

Finance

Business Standard - FInance

JUNE 23, 2023

The legal framework of India, as implemented by the RBI, provides for an effective equivalent system for the recognition of central counterparties authorised under other regimes of other countries

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The TRADE

JUNE 22, 2023

SIX Swiss Exchange has tapped a former Berenberg senior electronic trader to replace departing head of equity sales for UK and Ireland, Jennfier Hlad, when she departs in the coming months, The TRADE can reveal. Alexandra Roby will take up the role after most recently spending the last two and a half years at Berenberg as a senior electronic trader, departing in November last year.

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Global Banking & Finance

JUNE 21, 2023

European car sales rise in May – ACEA BERLIN (Reuters) – European new car registrations increased in May, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered that month in the European Union, Britain and the European Free Trade Association (EFTA) grew by 18.2% to 1.

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TKO Miller

JUNE 21, 2023

MILWAUKEE, WI. – TKO Miller, LLC, a middle-market investment banking firm based in Milwaukee, WI, announced three new additions to its team. Griffin Oleszczuk, J.D., Noah DeGroot, and Jack Hastreiter joined the firm as Analysts in its mergers and acquisitions advisory practice where they will be responsible for supporting senior members of the firm, executing M&A transactions, and conducting company research.

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Mergers and Acquisitions Middle Market Acquisition Advisories Advisory 99

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Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

Capital

Business Standard - FInance

JUNE 21, 2023

Mid-sized non-banking lender SMFG India Credit, formerly Fullerton India Credit, is looking at doubling the loan book over the next two-three years from the present Rs 36,000 crore. Japanese financial powerhouse SMFG bought a controlling 74.9 per cent stake in Fullerton in December 2021 for an undisclosed sum, and from May 2023, it was renamed as SMFG India Credit.

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Bank Banking Manufacturing Funds 105

Cisco: M&A

JUNE 23, 2023

The goal of Cisco’s Black Belt Academy is to provide our partners with an efficient and effective role-based learning journey, which is presented in two or three sequential Stages.

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Global Banking & Finance

JUNE 21, 2023

UK’s Halfords expects pricing efforts to drive profits By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring. British inflation held at 8.

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The TRADE

JUNE 22, 2023

Aquis Exchange has promoted two of its long-standing employees to take up new roles as head of sales and head of liquidity and trading strategies. Pasquale Crispi has been promoted to head of liquidity and trading strategies after serving at the exchange for just under 10 years as a director of sales and business development. In his new role, he will be responsible for overseeing the exchange’s l iquidity provider relationships.

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While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

Architecture

Business Standard - FInance

JUNE 21, 2023

The 11 large and listed realtors in the sample set are Brigade Enterprises, DLF, Godrej Properties, Kolte-Patil Developers, Macrotech Developers, Mahindra Lifespace Developers, Oberoi Realty, Prestige

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The Deal

JUNE 22, 2023

Nasdaq Inc. (NDAQ) turned to regular outside counsel David K. Lam and Mark F. Veblen at Wachtell, Lipton, Rosen & Katz on an agreement to buy Adenza Group Inc. from Thoma Bravo LP for $10.5 billion in cash and stock announced June 12. Avinash Mehrotra and Geddes Johnson at Goldman, Sachs & Co. and Fernando Rivas at JPMorgan Securities LLC are giving financial advice to Nasdaq, the New York-based financial technology company, where the legal team on the deal includes global chief legal, r

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Global Banking & Finance

JUNE 20, 2023

UK fines WH Smith, M&S and others for not paying minimum wage LONDON (Reuters) – Britain has fined more than 200 companies, including top retailers WH Smith, Marks & Spencer and Argos, for failing to pay their lowest paid staff the minimum wage between 2017 and 2019.

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Razorpay

JUNE 20, 2023

What is a Payment gateway? A payment gateway is an online service that allows businesses and individuals to accept payments from customers through their websites or mobile applications. It acts as a secure bridge between the customer’s payment method (such as a credit card or digital wallet) and the merchant’s bank account, facilitating the authorisation and processing of transactions.

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In the rapidly-evolving world of embedded analytics and business intelligence, one important question has emerged at the forefront: How can you leverage artificial intelligence (AI) to enhance your application’s analytics capabilities? Imagine having an AI tool that answers your user’s questions with a deep understanding of the context in their business and applications, nuances of their industry, and unique challenges they face.

Business

Business Standard - FInance

JUNE 21, 2023

Most thumb rules related to emergency fund planning state that you must have 6-9 months of your fixed monthly expenses saved away in an easily accessible and low risk asset class.

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Funds IT 98

Cisco: M&A

JUNE 20, 2023

I remember the good old days, when, if you wanted training, you had to enroll in an instructor-led class, take time away from work, maybe even get on an airplane, and sit in a classroom for days on… Read more on Cisco Blogs

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Global Banking & Finance

JUNE 21, 2023

Oil rallies as grain markets tighten, dollar falls on Fed Chair comments By Shariq Khan BENGALURU (Reuters) -Oil prices gained a dollar a barrel on Wednesday as U.S. corn and soybean prices raced to multi-month highs, raising expectations that crop shortfalls around the globe could lower biofuels blending and increase oil demand.

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The TRADE

JUNE 20, 2023

Active account requirements for swaps clearing proposed under Emir 3.0 regulation will be unavoidable if participants cannot otherwise be incentivised to reduce their reliance on CCPs in the UK, a panel at the International Derivatives Expo has said. Among the key topics discussed during Tuesday’s IDX panel exploring the future relationship between the UK and Europe was derivatives clearing post-Brexit, in particular relating to Euro denominated swaps.

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Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

Securities

Business Standard - FInance

JUNE 23, 2023

Inflation is slowing down personal consumption expenditure, which in turn is moderating corporate sales and holding back private investment in capacity creation, said a Reserve Bank paper on Friday. The paper, authored by a team led by RBI Deputy Governor Michael Debabrata Patra, underlined the need for lowering inflation to revive consumer spending and boost corporate revenues and profitability.

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Tyton Partners

JUNE 20, 2023

Time for Class 2023: Bridging Student and Faculty Perspectives on Digital Learning Digital learning has become a prominent feature of modern education , with the potential to provide personalized instruction through technology-enhanced tools, communication, design, and support services in online, hybrid, blended, and face-to-face learning environments.

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Global Banking & Finance

JUNE 21, 2023

Intelsat, SES end merger talks – source By Nilutpal Timsina (Reuters) -Intelsat has ended merger talks with SES SA, a source familiar with the matter told Reuters on Wednesday, ending what would have signaled further consolidation in the rapidly changing satellite internet industry.

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