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FINANCIAL MANAGEMENT, FINTECH

State Street | November 21, 2022

State Street Corporation (NYSE: STT) today announced the launch of the firm’s new peer-to-peer financing platform, Venturi, specifically designed to connect buy-side firms with new sources of liquidity in the global repo space. Venturi, built through a partnership with FinOptSys, a cutting edge FinTech focused on the securities financing market, supports trade negotiations and enhances trade settlement and collateral management, allowing traders to better manage and diversify their counter...

Wall Street | February 06, 2020

U.S. stocks gained for a fourth straight session on Thursday and Wall Street’s main indexes hit record highs amid growing confidence in China’s efforts to contain the economic fallout from the coronavirus outbreak. China said it would halve additional tariffs levied against some U.S. goods, seen by analysts as a move to boost confidence after the fast-spreading coronavirus disrupted businesses and hit investor sentiment. Data showing that the number of Americans filing for unemployme...

SoftBank | February 28, 2020

Elliott Management Corp is pressing SoftBank Group Corp (9434.T) for details of nearly-$10 billion of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources said. The $40 billion hedge fund, one of the most powerful activist investors, has a $3 billion stake in the company and is trying to push for changes after SoftBank’s bet on start-ups such as space-sharing firm WeWork soured. SoftBank&rsq...

FINANCIAL MANAGEMENT

Sensibill | August 09, 2021

Sensibill, the largest provider of daily financial tools and SKU-level insights, with CAARY, a new credit and financial platform for small and medium enterprises (SMEs), announced their collaboration today. The firms will work together to provide a seamless, end-to-end financial services solution for SMEs, including credit, payment solutions, receipt capture, expense management, including automated reconciliation. “We were looking for a powerful collaborator with a gradual a...