Finvest World

Investment Management

Clearwater Analytics, Transamerica | March 02, 2021

Clearwater Analytics announced today that it is going to invest in being a global SaaS solutions provider, and implement its cloud-based investment data management and reporting solution for Transamerica. Transamerica is known as a leading provider of investment solutions. Clearwater’s automated platform will help the financial services company manage accounting, reconciliation, investment data aggregation, and reporting. Implementing the Clearwater platform will be a part o...

Credit Suisse | February 10, 2020

Credit Suisse’s incoming chief executive, Thomas Gottstein, plans to put Switzerland’s second-biggest bank on a growth offensive following predecessor Tidjane Thiam’s cost-cutting exercise, he told Reuters on Friday. “Cost discipline in our industry has been and will continue to be very important. At the same time, I think we are in a better position than at any time in the last few years to also have meaningful balance sheet growth,” Gottstein said in an interview....

Fintech

Google Cloud | May 28, 2021

Google Cloud announced Datashare for Financial Services today, a new solution designed to enable the whole capital markets ecosystem—market data publishers such as exchanges and other providers, and data consumers such as investment banks, asset managers, and hedge funds—to start sharing market data more securely and easily. Datashare is based on Google Cloud analytics services such as BigQuery and can use Analytics Hub. At the Google Cloud Financial Services Summit, Datashare was un...

Bank of America | January 15, 2020

Bank of America Corp got stung by lower interest rates in the fourth quarter, sending its profit down 4%, a trend that management expects to continue this year. The Charlotte, North Carolina-based lender is especially vulnerable to rate movements because of the composition of its balance sheet. As the Federal Reserve cut rates three times last year, analysts predicted Bank of America’s earnings would suffer. The bank blunted the impact last quarter by growing loans at a rapid clip, and man...