AIG Plans to Move Billions Out of Its Hedge-Fund Investments

| February 12, 2016

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Hedge funds now know exactly how far they have fallen out of favor with AIG. The global insurance conglomerate said in its fourth-quarter earnings call Friday that it is reallocating about half of its $11 billion investment in hedge funds.

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SocietyOne

SocietyOne is Australia’s leading and largest marketplace lender. Since our launch in August 2012 we have helped over 20,000 customers and $500 million in loans.Our mission is to provide a better deal for borrowers and lenders one brilliant funding moment at a time. SocietyOne has been at the forefront of fintech disruption of the financial services industry in Australia for 6 years, and is widely recognised as the pioneer and leading marketplace lender. SocietyOne is backed by a diverse range of shareholders including News Limited, Seven West Media, Consolidated Press Holdings, Reinventure Fund (which is the venture capital arm of Westpac Group) and a number of credit unions and mutual banks.

OTHER ARTICLES

How Mentorship Makes all the Difference for Next-Gen Advisors

Article | July 1, 2020

According to a recent CNBC study, only half of American workers report having a mentor, and those who do enjoy greater job satisfaction than their peers who are doing it alone. In fact, 91% of U.S. employees who have mentors say they are satisfied with their jobs. Mentorship is especially important for young financial advisors who are just starting out, trying to get a foothold into the world of wealth management. There’s a lot to learn, and not a lot of room for trial and error. As a result, many would-be advisors give up when things get tough. That’s where mentorship can really make a difference.

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Fintech Trends: Virtual Cards & the Future of Payments

Article | March 4, 2020

Last week TripActions announced TripActions Liquid™ — the first-of-its-kind, end-to-end global corporate travel management and payments solution. Travel is a huge line item for businesses with robust travel programs, making travel payments top-of-mind for TripActions and our customers. We explored the trends and technology impacting payments at TRAVERSE 19 in the panel “Technology Trends in Fintech: Virtual cards & Other Tech Impacting the Future of Payments & Settlements.” Dave Packer, Vice President Product Marketing at TripActions, led the conversation with leaders from Stripe, Visa, and TripActions around emerging trends in commercial payments, how payments are evolving, and potential solutions for the marketplace.

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Tracking the Future of Cross-Border Payments with AI ML and Blockchain

Article | February 17, 2020

The global payments landscape is undergoing a massive reorganization. Industry researchers and analyst groups attribute this seismic change to many factors. Technological advancements and competitive forces have proved to be the biggest transformational forces in the payments industry that have combined together to meet both consumer demands and standard banking regulations.

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Which Fintech sectors will emerge fighting fit from the current Covid-19 crisis?

Article | March 31, 2020

Whilst the current pandemic induced crisis is yet to reach its peak, and is leaving a trail of personal and economic destruction, we should expect a new landscape to emerge, in many respects, when the dust settles. What does this mean for the Fintech sector in terms of opportunities and how does this impact the individual?

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Spotlight

SocietyOne

SocietyOne is Australia’s leading and largest marketplace lender. Since our launch in August 2012 we have helped over 20,000 customers and $500 million in loans.Our mission is to provide a better deal for borrowers and lenders one brilliant funding moment at a time. SocietyOne has been at the forefront of fintech disruption of the financial services industry in Australia for 6 years, and is widely recognised as the pioneer and leading marketplace lender. SocietyOne is backed by a diverse range of shareholders including News Limited, Seven West Media, Consolidated Press Holdings, Reinventure Fund (which is the venture capital arm of Westpac Group) and a number of credit unions and mutual banks.

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