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In 2020, the Singapore Exchange (SGX) completed a proof of concept with Amazon to build a cloud-native exchange, whilst Deutsche Bank signed an innovation partnership with Google Cloud the same year. This idea of exchanges as the hub tying the industry together could arguably be deemed the crux of why this topic is so significant.
“If you look at what those firms need in terms of prime-related services, well, cash PB and synthetics are just the basics. So you can see how this growth and momentum just starts to really build over time.” Those are the relatively commoditised parts of the business. They need a financing platform to support all of that.
To ensure smooth operations, SMEs and start-ups heavily depend on collecting payments for their services – the cash flow is what keeps the business thriving every single day. However, as per a 2021 Semrush survey, almost 66% of such businesses face challenges in working capital management. This has led to a credit gap of Rs.
Eppacher moved to New York in 2017 to take up the role of head of multi-asset for the Americas, before moving back to Germany to head up the firm’s global equities business and later took the helm all together as global head of trading in 2021. Traders need to sit in front of a screen. There’s no way around it.
There were a record-breaking 85 new tech unicorns created in Europe in 2021, and the UK is at the epicentre with 44. In August 2021, ZEPZ raised $292m in a funding round which saw its valuation increase to $5bn. #7 A “digital distributor of insurance and household financialservices”, BGL currently serves 11 million customers.
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