Tue.Dec 10, 2024

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BlackRock to streamline Aladdin operations through Saphyre tie-up

The TRADE

Saphyre has partnered with BlackRock to integrate services with the firms end-to-end asset management platform Aladdin. This collaboration aims to streamline operations, mitigate risks, and simplify workflows for shared clients in the financial services industry. Our partnership with Aladdin represents a pivotal evolution for Saphyre, building on our already extensive network of top-tier investment managers and financial institutions, said Ray Shivers, COO of Saphyre.

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EU’s new competition chief signals reform of anti-trust and state aid rules

The Guardian: Mergers & Acquisitions

Teresa Ribera says changes are needed to make it easier for innovative firms to merge and spur the green transition The EUs new competition chief has signalled a shake-up of anti-trust rules to make it easier for innovative companies to merge, as well as a relaxation of state aid policy to spur the green transition. In her first major speech since taking office last week, Teresa Ribera said EU merger and anti-trust rules needed to take full account of innovation and future competition, signallin

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GFO-X names ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch

The TRADE

ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial have been named as strategic partners for GFO-X ahead of its launch in Q1 2025. GFO-X is the UKs first regulated and centrally cleared trading venue dedicated to digital asset derivatives. The trading venue stated that it has been working closely with these partners to deliver the requirements necessary to grow the institutional digital asset index futures and options market.

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Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger

The New York Times: Mergers, Acquisitions and Dive

The Federal Trade Commission notched a victory in its efforts against the supermarket merger, which it sought to block over concerns about harm to shoppers and workers.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Network Connections: How Cisco and the Camino de Santiago Share Common Ground

Cisco: M&A

What links a Spanish pilgrimage path, Cisco, and nearly $55K? Join Solutions Engineer Leader Keith R. on his Camino de Santiago journey to find out.

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Aquis VWAP Match service set to go live in Q1

The TRADE

Aquis Exchanges new VWAP matching service is set to go live in the first quarter of next year, The TRADE can reveal. Named Aquis VWAP Match, the new service will initially launch in Q1. It will use conditional indication of interests (IOIs) and use a VWAP period of five minutes. Members will be able to submit IOIs at a volume weighted price using all the major reference markets for that calculation.

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How Razorpay Keeps Shopper Data Secure

Razorpay

Checkout security is a non-negotiable priority for any e-commerce experience. At Razorpay, we understand that when customers trust businesses with their personal and payment information, its our responsibility to safeguard it with the highest standards of data protection. Razorpay Checkout not only ensures faster and smoother transactions by pre-filling shopper details but also takes robust measures to keep this data safe.

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Adidas headquarters raided in years-long tax investigation, company says

Global Banking & Finance

(Reuters) -Authorities raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday. Adidas said in a statement it has been in contact with customs authorities for several years about the matter and is providing them with documents and information.

IT 52
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While You’re Waiting for the Tide to Turn

Focus Investment Banking

Over the last year, FOCUSs Human Capital Management team has spoken with many owners of healthcare and IT staffing and recruiting businesses that have been impacted by industry headwinds. In some cases, owners have postponed a planned business sale, opting to wait for growth to return to their Companys P&L as industry dynamics improve. Given the importance of trailing twelve months (TTM) financial performance in determining M&A valuations, waiting can be a reasonable strategy, but by doi

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Global shares fall, dollar climbs ahead of inflation report

Global Banking & Finance

By Chris Prentice, Pete Schroeder NEW YORK (Reuters) -Global equities retreated and the dollar rose on Tuesday as investors awaited fresh inflation data and further economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third U.S.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Insights from AUSA 2024

Focus Investment Banking

Key Takeaways from Secretary of the Army Christine Wormuths Address Army Transformation at AUSA 2024 On 14 October 2024, Secretary Wormuth shared the current US Army Transformation Strategy and the successes to date. The Army is shifting its focus from addressing counterterrorism to preparation for large-scale combat. This is a tectonic shift that requires a change in weapon systems, force structure, and personnel.

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Northern Ireland lawmakers back Brexit rules, unionist opposition triggers review

Global Banking & Finance

By Amanda Ferguson BELFAST (Reuters) – Northern Ireland lawmakers on Tuesday voted in favour of continuing key parts of post-Brexit trade rules for the region, but opposition from pro-British unionist politicians triggered an independent review into the arrangements.

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Brushstrokes of Innovation: How Razorpay Helped Nerolac Add Digital Payments to Their Palette

Razorpay

With a history spanning over a century, Kansai Nerolac stands as one of Indias most trusted and prominent paint companies. Founded in 1920 as Gahagan Paints and Varnish in Mumbai, it has evolved into a household name, securing its place among the top three paint companies in India by overall sales. Nerolac caters to two primary segments: decorative paints (B2C), adding vibrancy to homes and spaces, and industrial paints (B2B), where it commands market leadership.

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Slovakia to enter talks to buy three C-390 aircraft, Brazil’s Embraer says

Global Banking & Finance

SAO PAULO (Reuters) -Slovakia will kick off talks in January for the purchase of three C-390 Millennium aircraft, Brazilian planemaker Embraer said on Tuesday, making it the latest NATO member nation to eye the military cargo model.

IT 52
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Acquisition by Energy Capital Partners and Co-Investors Approved by the High Court of Justice of England and Wales

Global Newswire by Notified: M&A

Acquisition by Energy Capital Partners and Co-Investors Approved by the High Court of Justice of England and Wales December 10, 2024 Atlantica.

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Dollar holds ground ahead of CPI, Aussie wallows near 4-month low

Global Banking & Finance

By Kevin Buckland TOKYO (Reuters) – The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of Federal Reserve interest rate cuts.

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Davidson Kempner Capital Management LP : Form 8.3 - International Paper Company

Global Newswire by Notified: M&A

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the.

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Upper Crust owner SSP plans for Indian IPO of Travel Food Services

Global Banking & Finance

(Reuters) -Upper Crust owner SSP Group said on Tuesday that it is planning an initial public offering in India of airport lounge operator Travel Food Services, its venture with K Hospitality Corp.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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Celebrating Excellence: GSA’s 30th Anniversary Awards Dinner

Woodside Capital Partners

Palo Alto December 10, 2024 Its a strange feeling. After growing up in semiconductors, a poorly understood and barely recognized industry, we have become one of. The post Celebrating Excellence: GSA’s 30th Anniversary Awards Dinner appeared first on Woodside Capital Partners.

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French central bank sees growth flatlining in fourth quarter

Global Banking & Finance

PARIS (Reuters) – French economic growth is set to stall in the last three months of the year but not retreat as some business leaders fear, the central bank estimated on Tuesday in its monthly outlook. Growth in the euro zone’s second-biggest economy was widely expected to cool after reaching 0.

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TeamViewer buys 1E, which detects PC software problems, for $720M

TechCrunch: M&A

U.K.-based 1E, which detects software problems on desktop PCs remotely, has been acquired by Germany-based remote-working company TeamViewer for $720 million. This is TeamViewers biggest acquisition so far and will allow it to expand its North American market. 1E, which was sold to Carlyle Group in 2021, has several large U.S. customers, including HP and […] 2024 TechCrunch.

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Vodafone franchisees in Britain file legal claim against telecom group

Global Banking & Finance

LONDON (Reuters) – A group of current and former Vodafone franchisees in the UK filed a legal claim against the company on Tuesday over alleged cuts to their commission payments and remuneration at short notice and with little to no explanation since 2020.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Key AI Trends in Tech Due Diligence

Beyond M&A

Artificial Intelligence is undoubtedly transformative, edging closer to the futures envisioned by Neal Stephenson in Snow Crash and Philip K. Dick in Minority Report. However, neither author foresaw the rise of remote work, which has brought reduced human engagement and new challenges in management and employee well-being. But I digress. Here are the key trends weve observed this year during Tech Due Diligence: University Spin-Outs Are More Attractive Than Ever In recent years, university spin-o

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US Treasury transfers $20 billion in Ukraine loan funds to World Bank facility

Global Banking & Finance

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Tuesday said it transferred the $20 billion U.S. portion of a $50 billion G7 loan for Ukraine to a World Bank intermediary fund for economic and financial aid to the war-torn country.

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How Crypto Insiders Turned ‘Debanking’ Into a Political Storm

The New York Times: Banking

Concerns that crypto companies are being purposely cut off from the global banking system have become a political cudgel at an opportune moment for the industry.

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Exclusive-Uniform maker Vestis fields takeover interest from buyout firms, sources say

Global Banking & Finance

By Milana Vinn NEW YORK (Reuters) – Advent International and Apollo Global Management are among the buyout firms exploring a potential acquisition of uniform supplier Vestis, according to people familiar with the matter.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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“Understanding Activism” Podcast: Kai Liekefett on the Election’s Impact on Activism

Deal Lawyers

We recently posted the latest Understanding Activism with John & J.T. podcast. This time, John and J.T. Ho were joined by Kai Liekefett, who co-chairs Sidley’s Shareholder Activism and Corporate Defense practice.

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UBS plans wealth business shake-up in the US, memo shows

Global Banking & Finance

ZURICH (Reuters) – UBS plans to overhaul its wealth management business in the United States, splitting the operation into six divisions and focusing more on clients that are not super wealthy, according to an internal memo and a media report on Tuesday.

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Central Bank of Nigeria taps Bloomberg BMatch solution for interbank FX trading

The TRADE

The Central Bank of Nigeria is set to adopt Bloombergs BMatch solution for interbank trading in the local foreign exchange markets. Bloombergs foreign exchange electronic trading platform (FXGO) BMatch solution will provide spot matching functionality to the local interbank community for US dollar against the Nigerian naira. The solution allows anonymous orders to be placed into a central limit order book, which are displayed and then matched with counterparty orders based on mutual trading limi

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Oil up on demand hopes from China’s ‘looser’ monetary policy

Global Banking & Finance

By Nicole Jao and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday, with market participants expecting demand to rise in the world’s largest crude importer, after Beijing announced a looser monetary policy to stimulate economic growth in China. Brent crude futures gained 36 cents, or 0.5%, to $72.

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Navigating the Future: Generative AI, Application Analytics, and Data

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?