Saxo Bank

US bank | February 20, 2020

Fidelity Investments is to spin off its API-based data sharing startup Akoya as an independent entity that will be jointly owned by Fidelity, The Clearing House Payments Co. and eleven of its member banks Akoya operates a secure API network that creates a safer and more transparent way for consumers to grant access to their personal financial data to third-party financial apps. The approach provides a more palatable alternative to old-school screen scraping tools which rely on bank customers han...

JPMorgan | January 14, 2020

JPMorgan Chase's (NYSE:JPM) earnings blew past expectations in the final quarter of 2019, rising 30% from a year earlier to $2.57 a share, a full 10% above consensus forecasts. Revenue likewise far exceeded expectations, rising 9% on the year to $29.21 billion. Analysts polled by Investing.com had anticipated EPS of $2.35 on revenue of $27.87 billion. The results were helped by an 8% increase in consumer loans, reflecting the sustained strength of U.S. spending. “The U.S. consumer cont...

FINTECH

Ageras Group | February 25, 2021

Ageras Group, also known for its online marketplace as Ageras.com has stood apart from others in helping business owners to save time and money by offering comparable quotes from qualified accountants. Ageras Group is a group of companies. It is backed by Investcorp Technology Partners ("ITP") offering accountancy software solutions to small businesses and finds 73 million more reasons to continue expanding its matchmaking service globally. The Ageras Group is currently ...

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...