Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion.
Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.
Jade City, which is pioneering the tokenisation of Jade, has completed a pre-seed funding round of $300,000 and is now conducting a seed round with a target of $1.2m. Their real-world asset platform will launch later in 2024, offering the first global marketplace for jade-backed digital assets.
Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.
KlariVis, a pioneer in data analytics for banks, has been selected by Massachusetts-based Reading Cooperative to implement its enterprise data and analytics solutions. Reading Cooperative marks the fifth Massachusetts-based customer for KlariVis.
