In a strategic move to diversify its services and expand its customer base, Robinhood has agreed to acquire TradePMR in a $300 million cash and stock deal. Robinhood, primarily known for its trading platform, is now targeting the traditional brokerage sector, which includes established players like Charles Schwab. This acquisition marks a significant step in Robinhood’s efforts to evolve its
The asset and wealth management (AWM) industry is on the cusp of a technological revolution, driven primarily by artificial intelligence (AI) and other disruptive technologies. These innovations are set to reshape the sector, enhancing revenue growth, operational efficiency, and employee productivity. According to PwC’s 2024 Asset & Wealth Management Report, which surveyed 264 asset managers and 257 institutional investors from
The transformative effect of blockchain technology on traditional money transfer systems, particularly focusing on the advantages it offers for transferring money from the UK to India, cannot be overstated. Blockchain technology has introduced a new paradigm in the global financial landscape by offering a more efficient, secure, and cost-effective means of transferring money across borders. In doing so, it addresses
Amid the rapidly growing demand for efficient and compliant data management solutions, Tiger Technology is actively pursuing $10 million in Series A funding to fuel the growth of its hybrid cloud data management platform. The company has made notable strides by addressing the surging costs of data management that various industries, particularly healthcare and public security, are currently facing. Notably,
Envestnet, the wealth tech giant, has deepened its partnership with Schwab by enhancing its Tamarac CRM platform with a set of new, highly requested features aimed at supporting advisors managing Schwab accounts. Announced just before Schwab’s annual IMPACT event, these updates are designed to improve efficiency and optimize workflows. Advisors are now able to submit service requests directly through Tamarac
Twenty, a startup with ambitious goals, is setting its sights on creating an open-source alternative to Salesforce, the leading CRM (Customer Relationship Management) platform. Salesforce has long been a dominant force in the industry, known for its comprehensive data handling capabilities, proprietary programming language, and extensive customization frameworks. However, the founders of Twenty believe that an open-source CRM can capture
Bain Capital and Aquila Group have recently announced a significant partnership aimed at developing a leading sustainable data center platform across Europe. This collaboration is fueled by Bain Capital’s acquisition of an 80% stake in AQ Compute, a subsidiary of Aquila Group specializing in data center services. The partnership plans to inject a substantial multi-billion Euro investment into AQ Compute’s
In an era where the payments ecosystem is becoming increasingly complex due to the proliferation of real-time payments, the adoption of ISO 20022, and the surge in digital payment flows, financial institutions are seeking solutions to navigate these challenges effectively. Volante Technologies has introduced Volante Payments Intelligence, a pioneering product designed to help institutions utilize both real-time and historical payment
PayPal, a leading company in the FinTech industry, recently unveiled a highly anticipated feature that promises to revolutionize how users manage group funds. Users in the US, Germany, Italy, and Spain can now seamlessly pool finances with friends and family for free. Whether it’s planning a vacation, buying a group gift, or organizing an event, the new feature addresses the
CommBox, an enterprise-grade omnichannel AI-powered customer experience platform, has announced a significant $15 million growth investment from PSG Equity, a growth equity firm specializing in software and technology-enabled services. The recent funding round is expected to bolster CommBox’s expansion efforts across North America and Europe, advancing its AI-driven solutions significantly. CommBox’s platform distinguishes itself by rapidly and securely deploying AI
Enterprise Resource Planning (ERP) accounting software is revolutionizing the way growing businesses handle their financial operations by simplifying and automating complex accounting tasks. It provides a unified platform to oversee all financial data and processes with precision and efficiency, addressing not only accounting needs but also integrating various business functions. These functions include inventory management, procurement, and human resources, all
Vietnam’s largest digital bank, Cake by VPBank (Cake), has recently made a groundbreaking move by launching a fully cloud-based Card Management System (CMS) in partnership with Visa, creating a significant milestone as the first deployment of its kind in Vietnam. By leveraging the Visa Cloud Connect technology on the Google Cloud infrastructure, Cake has positioned itself at the forefront of
