Badii Group Private Wealth Management, an independent firm specializing in wealth management for high-net-worth individuals and families, has been honored with the 2024 Best of Southlake Award in the Investment Service category. This marks the third consecutive year the firm has received this prestigious recognition, highlighting their commitment to exceptional customer service and community engagement.
Singapore-based RizeAMC has partnered with Pune’s Infinite Beacon Financial Services to expand their crypto and asset class offerings specifically for institutional clients. This strategic collaboration aims to revolutionize the financial services landscape by combining the strengths of both companies, including the introduction of a social trading platform.
Last year, Scotland witnessed a remarkable increase in tourism, reaching nearly four million visitors. This represents an impressive growth compared to pre-pandemic levels, making Scotland the only region within the UK to achieve record-breaking tourism development. International tourists play a significant role in Scotland’s tourism industry, accounting for nearly 20% of visitors and contributing significantly to the economy. Tourist spending has also surged, reaching a staggering £3.5 billion, reflecting a notable boost to local and national economies. In addition, Scotland continues to attract significant foreign direct investment in financial services, with Edinburgh emerging as a key hub for this sector. These positive trends in both tourism and financial services have been instrumental in driving economic recovery and growth in Scotland.
In a strategic move to expand its presence in the United Arab Emirates (UAE), Mint, a leading payment solutions provider, has partnered with S2M, a global provider of modular core banking platforms. This partnership aims to introduce advanced financial services to the region, with a focus on digital transformation and financial inclusion. Commenting on the partnership, Abdulrazzaq Al Abdullah, Chairman & CEO of Mint Group, emphasized the company’s commitment to enhancing the lives of underserved individuals and Micro Small and Medium Enterprises (MSMEs) through innovative Digital Banking Services. The collaboration between Mint and S2M aims to address the challenges faced by the SME sector, including limited access to credit facilities, inconsistent processes, and high operational costs for banks.
SoFi CEO Anthony Noto joins ‘Squawk on the Street’ to discuss the company’s recent quarterly earnings results and the subsequent stock reaction. He also provides insights on credit quality, SoFi’s growth strategy, and the competitive landscape in the financial services industry.
Finopotamus, an online resource exclusively for credit unions, has launched the Payment Industry Leaders Forum (PILF), the second in a series of knowledge portals focused on key industry topics. The inaugural publication brings together industry experts from a broad range of backgrounds to provide focused commentary on the latest trends and developments in the payments space. Participants and their articles include: – “All the participants chose their own topics,” said Publisher Walter San Filippo. “By learning where each vendor is focused, credit union technologists can see which ones align with their credit union’s payments strategies.” San Filippo also noted that later this year, Finopotamus will launch two additional Industry Leaders Forums: Artificial Intelligence/Machine Learning and Core Processing.
On Wednesday afternoon, Chase Bank’s online services experienced a major outage that lasted for several hours. The outage affected thousands of customers, who were unable to access their accounts or make transactions. The bank has stated that it is working to resolve the issue, but no clear timeline has been given.
Western Union Company reported strong first-quarter results, surpassing analyst expectations for earnings and revenue. The company attributed the positive performance to the growth of its digital business and the stabilization of its retail segment. Western Union raised its full-year 2024 revenue and EPS guidance, reflecting its optimism about the remainder of the year.
A survey by KPMG found that 22% more financial services organizations offered cryptoasset products and services in 2023 compared to 2021, and 26% more institutional investors included cryptoassets in their portfolio. Half of respondents in financial services said their organizations were actively offering at least one type of cryptoasset product or service to clients, up from 41% in 2021, and 39% of institutional investors said they have direct or indirect exposure to cryptoassets, up from 31% in 2021.
DDN, the global leader in artificial intelligence (AI) and multi-cloud data management solutions, today announced that Jump Trading, a leading quantitative trading firm, has selected DDN to bolster its high-performance computing (HPC) infrastructure. By leveraging DDN’s cutting-edge storage solutions, Jump Trading aims to accelerate its AI-driven quantitative trading strategies and maintain its competitive edge in the fast-paced world of global financial markets.
