The Royce Funds

FINANCIAL MANAGEMENT, INVESTMENTS

WaveBL and Surecomp | January 27, 2023

Surecomp announced on January 26, 2023, that it will collaborate with WaveBL, a blockchain-based digital platform, to improve digital trade finance workflows. This will be accomplished by enabling access to electronic bills of lading via Surecomp's fintech hub, RIVOTM. Nevertheless, WaveBL's features will be available on Surecomp's collaborative trade finance platform. In fact, the bill of lading is still presented on paper under a letter of credit. Theref...

CORE BANKING, FINTECH

Truist | September 19, 2022

Truist Financial Corporation, today announced the launch of Truist Assist in its mobile banking app and online banking platform for personal banking (retail and wealth) clients. This AI-enhanced virtual assistant is the bank's latest example of its T3, or technology-plus-touch-equals-trust strategy, which combines innovative technology with personalized human touch to heighten client satisfaction and trust. The digital assistant leverages natural-language processing (NLP) and ...

Tesla | January 23, 2020

Tesla Inc (TSLA.O) has overtaken Germany’s Volkswagen (VOWG_p.DE) as the world’s second most valuable carmaker behind Japan’s Toyota (7203.T), as the meteoric rise in the U.S. electric vehicle maker’s shares reshuffles the global market. Tesla’s stock has more than doubled in value in the last three months, with its market capitalization piercing $100 billion on Wednesday, a first for a listed U.S. automaker. During the rally, its value has leapfrogged more establis...

FINANCIAL MANAGEMENT

PolySign | April 18, 2022

PolySign Inc. announced signing an agreement to acquire MG Stover for a combination of cash and PolySign stock. The acquisition is a part of its ongoing efforts to improve the quality and breadth of digital asset infrastructure available to institutional investors. MG Stover is the industry trendsetter in digital fund administration, with an impressive client base record of more than $40 billion in digital assets under administration. By doing this, it has become the world's largest industry...