GroveStreet

Alphabet, Google | February 04, 2020

Alphabet (NASDAQ:GOOGL) missed on revenue and its stock is paying the price on Tuesday, but the weakness is unlikely too last for long, with several analysts giving the tech giant a thumbs up. The company reported fourth-quarter results that missed revenue estimates, sending its share price 3% down. But the miss was driven by "lower-quality" areas like other bets, RBC said and upgraded its price target on the stock to $1,550 from $1,500. One of the biggest surprises to come out from Go...

Athene Holding Ltd | July 20, 2020

Athene Holding Ltd subsidiary Athene Life Re Ltd now owns an 11.1% economic interest in the US business of London-headquartered Prudential Plc. According to the board of directors of Prudential, Athene’s US$500 million equity investment has been finalized giving the “important investor” a 9.9% voting interest. “We are delighted to announce the completion of Athene’s $500 million equity investment in our US business,” commented Prudential group chief executive ...

Wealth Management

Broadridge | February 23, 2021

Broadridge Financial Solutions initiates a Wealth Lending Network marketplace. The initiative is all about connecting wealth managers to banks and other financial service institutions. Being a global Fintech leader, Broadridge has created a well-managed marketplace. It will enable all sized wealth managers to offer clients securities-based Lending (SBL) services. It will be using Broadridge's end-to-end SBL technology platform. Bancorp, Inc. is also joining the hands of the marketplace as it...

Fintech

BNY Mellon, Saphyre | June 10, 2021

BNY Mellon and Saphyre announced today that they would collaborate to use AI technology to transform the customer experience and significantly automate and accelerate client onboarding. This cooperation is part of BNY Mellon's OMNISM strategy, which involves collaborating with best-of-breed FinTech companies to innovate and support customers' investment goals. By supplementing standard communication channels like as email, fax, and phone calls, Saphyre's platform provi...