Market Realist

Business Wire | August 11, 2020

Industry Ventures, LLC (“Industry Ventures”), a leading investment firm focused on the venture capital market, announced today the final closing of Industry Ventures Direct II, L.P. (“the Fund”) with total commitments of $180 million. The Fund will continue the same strategy of making direct investments into early- and mid-stage technology companies alongside 80 seed and early-stage fund managers backed by the firm. Industry Ventures has previously invested into more than...

Franklin | February 18, 2020

Franklin Resources Inc. is in talks to buy rival asset manager Legg Mason Inc., according to people familiar with the matter, in a deal that could help two big players in an industry that is under pressure from shifting investor tastes. Assuming it comes together, a deal for Legg Mason could be announced as soon as Tuesday, the people said. While the exact price and other terms couldn't be learned, it would be sizable given Legg Mason's market value of more than $3.5 billion and assets u...

SECURITY AND COMPLIANCE

FIS | June 11, 2021

FIS®, a financial technology pioneer, today launched the first in a new series of solutions developed in collaboration with C3 AI to assist capital markets organisations better manage regulatory compliance and risk by leveraging the power of their organisational data. To drastically improve the efficiency of financial crime detection, the AML Compliance Hub combines C3 AI's superior machine learning technology with FIS' extensive financial industry domain understanding...

FINTECH

Payer Financial Services (Payer) | November 09, 2020

Payer Financial Services (Payer) has built up another enlistment item that reforms how client connections are made between organizations on the web. The item empowers online business shippers to check new clients as reliable so they can make their buys easily. Today, Payer dispatches a beta test program with a few B2B shippers. The Swedish B2B installments startup Payer is known for its particular B2B installments stage. The new item, yet to be named, was created to meet market de...