ClearBank

Financial Management, Fintech

PRnewswire | May 09, 2023

Ocrolus, a leader in AI-driven document automation for faster and more accurate lending decisions, announced it has integrated GPT embeddings from OpenAI into its set of technologies. The addition of OpenAI GPT embeddings strengthens Ocrolus' ability to process semi-structured and unstructured documents, such as bank statements, paystubs and mortgage applications, without human involvement. Integrating GPT embeddings from OpenAI further cements the company as a leader in cre...

Yahoo Finance | March 13, 2020

In a week that brought the wildest market swings since the financial crisis, Thursday hammered investors with something crazier -- a 10% drop in the Dow, the end of the longest bull market on record and the biggest sell-off since 1987’s Black Monday. At the end of the day, the S&P 500 smoldered 27% below records set barely three weeks ago and wiped out all its gains since the end of 2018. The news was even worse overseas: Europe’s benchmark index suffered its worst day in history...

Investment Management, Investments

Permira and Reorg | August 02, 2022

Permira, the global private equity firm, today announced that funds advised by Permira have agreed to make a strategic investment in Reorg (“Reorg” or the “Company”), a leading global provider of data, analytics and intelligence for the credit markets. As part of the transaction, Warburg Pincus will sell its majority shareholding in Reorg to Permira, and the Reorg team will retain a significant ownership interest. Financial terms of the transaction were not disclosed.
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Financial Management

PR Newswire | October 06, 2023

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that UBS successfully went live on Broadridge's newly launched sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform. This sponsored repo solution marks the launch of the next phase in the rollout of Broadridge's DLR platform. Continuing to build on the initial success of th...