Commodities Gained on Improved Demand Expectations

Credit Suisse | January 13, 2020

The Bloomberg Commodity Index Total Return was higher for the month, with 20 of 23 constituents posting gains. Credit Suisse Asset Management observed the following: Energy increased 6.89%, led higher by Crude Oil and petroleum products, amid OPEC+'s announcement of new production quotas for 2020 in an attempt to rebalance oil markets. Agriculture returned 5.75%. Soybean Oil rose as Indonesia and Malaysia plan to increase crude palm-oil (CPO) content in biodiesel in 2020 while Malaysian palm oil production declined more than expected, raising the demand for soybean oil as a cost-effective substitute.

Spotlight

13 May 2016 - Press Conference by Governor Datuk Muhammad bin Ibrahim on Economic and Financial Developments in Malaysia in the First Quarter of 2016

Spotlight

13 May 2016 - Press Conference by Governor Datuk Muhammad bin Ibrahim on Economic and Financial Developments in Malaysia in the First Quarter of 2016

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INVESTMENT MANAGEMENT

FTV Capital makes a $100 million Series A investment in LoanPro

LoanPro | July 09, 2021

LoanPro, a major SaaS-based loan management, servicing, and collections platform for alternative, fintech, and traditional lenders, announced today a $100 million growth equity investment from FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services, financial services, and payments and transaction processing firms. LoanPro will use the funds raised to improve the functionality of its platform, expand into new loan sectors, and engage in client-centric growth efforts. LoanPro was created in 2014 by three brothers, Rhett, Ben, and Lloyd Roberts, after discovering that there were no lending applications that suited the demands of their own lending business. LoanPro empowers lenders to regain operational control while improving real-time data insights and visibility. LoanPro manages more than $15 billion in loans and has over 600 clients in the United States and Canada across a wide range of loan types and lending programmes (e.g., prime, sub-prime, personal, consumer, car, commercial, point-of-sale finance, and purchase now, pay later). The fundamental API design of the platform enables an automated and highly flexible process, real-time access to data and insights, frictionless payment collection, lending programme flexibility (new and current products), and a superior client experience. "As founders who began out as lenders, we understand the pain points that lenders face," said Rhett Roberts, LoanPro's co-founder and CEO. "LoanPro was designed by lenders for lenders; we employ a current tech stack to improve the user experience of loan management; we do the hard work on the back end to keep the front end clean and simple to use. FTV Capital's investment, combined with their significant industry understanding and wide strategic network, will aid in the expansion of our platform and accelerate our capacity to reach and successfully serve even more lenders." As a growing percentage of consumers and organisations choose to interact digitally, digital native fintechs have enjoyed tremendous development. Many of these fintechs are attempting to expand their lending capabilities. Legacy lending technology, on the other hand, was not designed to support digital-first lending, resulting in burdensome and inflexible experiences for lenders and borrowers. LoanPro addresses this issue by providing modern, cutting-edge SaaS technology for loan management, servicing, and collections that is designed to suit mid-sized and large lenders. "It was a simple decision to go with LoanPro," said Alex Rhodes, Head of Operations at Marlette Holdings Inc., parent company of the Best Egg consumer finance platform. "With best-in-class customer service at the heart of what we do, we needed a best-in-class learning management system to match. We are excited about LoanPro's future expansion." "FTV Capital is thrilled to be partnering with LoanPro's strong, committed leadership team, who have established an industry-leading SaaS platform based on a deep understanding of their market and their customers' demands," said Robert Anderson, partner at FTV Capital. "LoanPro solves the inefficiencies caused by manual processes and out-of-date legacy systems by providing a fully cloud-based solution with an API-first core architecture that enables real-time monitoring, management, and automation throughout the loan's lifespan. The platform's data approach provides a single source of truth for loan servicing data that is instantaneously available, resulting in significant efficiencies for lenders of all types." Robert Anderson, who spearheaded the investment for FTV Capital, will join LoanPro's board of directors as part of the transaction. FTV Capital was advised by Gibson, Dunn & Crutcher LLP. About LoanPro LoanPro is the only true API-based mid-market and enterprise Loan Management Software provider in the US/Canadian market. LoanPro is designed to streamline loan servicing and loan collections workflows and is hosted on Amazon Web Services (AWS) "the cloud." LoanPro is trusted by over 600 lenders who benefit from enhanced transparency, control, flexibility, real-time database access, computation accuracy, and scalability on a PCI, SOC I, and SOC II certified platform. About FTV Capital FTV Capital is a growth equity investment firm that has raised approximately $4 billion in capital to invest in high-growth firms that provide a variety of creative solutions in three industries: enterprise technology and services, financial services, and payments and transaction processing. FTV's seasoned staff applies domain expertise and a track record of success in each of these areas to assist motivated management teams in accelerating growth. FTV also gives companies access to its Global Partner Network®, a collection of the world's leading enterprises and executives who have been assisting FTV portfolio companies for over two decades. FTV Capital, founded in 1998, has invested in over 120 portfolio companies, including Docupace, Derivative Path, EBANX, Enfusion, Sunlight Financial, and Vagaro, and has successfully exited companies such as InvestCloud (recapitalized), Strata Fund Solutions (acquired by Alter Domus), and WorldFirst (acquired by Ant Financial). FTV is headquartered in San Francisco, New York, and Connecticut.

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FINTECH

Western Alliance Bank Partners with Tassat to Deliver Blockchain-Based Payments Network to Business Clients

Western Alliance Bank | December 06, 2021

Western Alliance Bank, the primary subsidiary of $50 billion Western Alliance Bancorporation (NYSE: WAL), and Tassat Group Inc., today announced the bank will implement a fully integrated digital banking platform for its customers, which will include a digital token powered by the TassatPay Network and a private Ethereum blockchain. This platform will enable Western Alliance Bank clients to make instant payments – 24 hours a day, 365 days a year – to other Western Alliance Bank customers enrolled in TassatPay. This growing digital payments alternative provides a new way for clients to handle payments that offers immediate settlement and a range of other benefits, from simplicity to added security. Western Alliance believes there will be growing demand for instantaneous digital payments among our clients and others as this technology continues to mature. As we get set to launch this capability over the next few months, we will also continue to build out advanced treasury management solutions. We envision blockchain-based digital payments and related services will be important new offerings for our business.” Kenneth A. Vecchione, President and CEO, Western Alliance Bank. Western Alliance Bank expects to be one of the largest institutions utilizing the TassatPay platform. TassatPay will allow the bank’s clients to make real-time digital payments via tokenizing their U.S. dollar deposits. The platform also provides the infrastructure for executing smart contracts, processing transactions in multiple digital currencies and enhanced data capabilities. “We’re pleased that Western Alliance Bank is giving its clients access to the TassatPay platform,” said Ron Totaro, CEO of Tassat. “TassatPay offers companies secure and reliable real-time settlement for B2B transactions, which will be increasingly important to the wide range of Western Alliance customers including mortgage industry-related businesses, attorneys and the bank’s tech and innovation sector clients.” About Tassat Tassat Group Inc. is a New York-based fintech company that provides blockchain-based technology solutions for digital payments. It delivered the first blockchain-based B2B digital payments platform that was vetted by major bank regulators, and has transacted billions of dollars to date. The TassatPay platform provides the infrastructure for banks to use their own digital tokens backed by bank deposits. Tassat was recently honored with a 2021 Google Cloud Customer Award for innovation in financial services. For additional information, please visit tassat.com or connect with the company on Twitter or LinkedIn. About Western Alliance Bank With more than $50 billion in assets, Western Alliance Bancorporation (NYSE: WAL) is one of the country’s top-performing banking companies. The company is again #1 best-performing of the 50 largest public U.S. banks in the new S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. Most recently, the bank added to these capabilities with the acquisition of AmeriHome Mortgage, a leading national business-to-business mortgage platform. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking brands and has offices in key markets nationwide

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DataArt Partners with OpenFin to Accelerate Digital Transformation and Deliver Highly Interoperable Applications Across Financial Markets

Business Wire | October 07, 2020

DataArt, a global technology consultancy that designs, develops and supports unique software solutions, today announced a new partnership with OpenFin, the leading operating system (OS) for the financial services. As a Certified Development Partner, DataArt will accelerate development on OpenFin OS to deliver highly interoperable and flexible applications for financial clients. DataArt’s agile software development expertise and OpenFin’s technology bring efficiency and modern customer experience to financial desktops. OpenFin OS enables web apps to run outside-the-browser with native desktop experience and interoperability. The software is now being used to deploy thousands of industry apps to desktops at more than 1500 banks, asset managers, hedge funds and brokers. Certified Development Partners have direct access to OpenFin’s architects and engineers as well as beta access to OpenFin’s new products and services.

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