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Fintech

Apollo Global Management, Inc. | July 02, 2021

Apollo Global Management, Inc. and Motive Partners, a specialty private equity firm concentrating on financial technology investments, announced a strategic and financial cooperation today to take advantage of considerable technological transformation and innovation in the financial services industry. Client investment prospects will be improved as a result of the agreement, and both platforms' growth will be accelerated. The transaction's conditions were not revealed. Apo...

Fintech

HES FinTech, Ondato | March 24, 2021

Ondato and HES FinTech, two major technology providers, formed a strategic alliance today to achieve synergy in assisting financial institutions on their digital transformation journey. These tech giants' collaboration would benefit their clients and the software industry as a whole: • HES and Ondato are part of a one-stop-shop trend: banks and fintechs can now combine compliance monitoring and configurable loan origination tools quickly and easily. • The allia...

Fintech

Burkland | March 18, 2021

Burkland, a full service fractional CFO and accounting provider for startups, today announced another dedicated Financial Technology practice team. Specifically created to address the issues and address the challenges facing Financial Technology startups, the new Fintech practice at Burkland offers a seasoned team of CFOs, Controllers and Bookkeepers. Not at all like most re-appropriated CFO and accountancy services, Burkland's new Fintech practice is the just one of its sort ...

Goldman | July 07, 2020

Goldman Sachs sees Wall Street banks suffering from a surge in bad loan provisions and has outlined a grim estimate for a 69% drop in second-quarter earnings. Analysts at the bank wrote in a 7 July note to clients that they see $32bn in set-asides for bad loans for the largest seven American banks this quarter, an increase from about $26bn in the first three months of the year. A trading bonanza, fuelled by virus-driven volatility, has not been enough to outweigh an economic slump, the dr...