Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances and services commercial loans, today announced its acquisition of Red Stone and its affiliates (“Red Stone”). Red Stone is a real estate finance and investment company that provides innovative financial products and services to the multifamily affordable housing
The fintech industry is on the rise. As customers begin to embrace alternative banking channels, investors have taken a keen interest in fintech startups.
Symphony- the leading markets’ infrastructure and technology platform – will now offer the most complete and secure verified directory in the financial services industry as it has acquired the counterparty mapping platform StreetLinx. This acquisition adds over 200 institutional counterparties to the more than 1000 institutions already served by Symphony. “As we accelerate from directory
Merit Financial Advisors (“Merit”), a Georgia-based financial advisory firm that specializes in financial planning and wealth management solutions for high-net-worth individuals and families and those navigating life transitions, has acquired Consilium Financial Group (“Consilium”). The acquisition expands Merit’s presence in its headquarters of Atlanta and enhances the firm’s financial planning capabilities. Consilium is a comprehensive
TerraNova Capital Structured Finance (“TerraNova Capital”), the credit advisory and special purpose finance division of TerraNova Capital Equities, Inc. today announced the launch of their SPAC Backstop and deSPAC finance platform. The TerraNova finance platform will help SPACs identify structured finance solutions in conjunction or in place of PIPE financing and redemption shortfalls. “With over
Pentadata Inc., leading the industry with the first fully secured API-based financial data platform, today announced it has signed an agreement to use the Akoya Data Access Network. Known for supporting data developers with building fintech apps, rewards, cash-back, and card-linking programs, Pentadata has partnered with Akoya, a new network offering API-based, permissioned access to consumer
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SoftBank has seen total losses of around $4 billion on its Didi position and has also suffered from a decline in the valuation of Alibaba. Uber’s own Didi stake saw a $2 billion decline last week following the June debut of Didi’s American depositary shares as China’s officials planned fines against Didi amid a wider
Finitive, the leading data-driven private credit marketplace, today announced that it has been named one of the Top 100 Financial Technology Companies of 2021 by the Financial Technology Report. Founded in 2017, Finitive’s tech-enabled platform offers institutional investors access to a multi-trillion-dollar market of private credit opportunities across multiple asset classes and structures, including specialty finance,
FBX, an Informa Financial Intelligence business, alongside Novantas, announced today the name of their combined business—Curinos—a new entity equipping financial institutions with expanded data sets, intelligent technologies and market expertise that empower clients to make more profitable, data-driven decisions faster. Curinos is the newest subsidiary of Informa plc (LSE: INF), resulting from the combination of
We are entering a new chapter in the adoption of the current generation of AI technologies: Capabilities are advancing, it is becoming easier to develop and implement AI applications, and companies are seeing tangible benefits from adoption.
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