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Category: Channels


Activity, Channels, Insurance

Universal Insurance Holdings Expands to New York with Launch of Universal Direct

October 17, 2017

Via: Insurance Journal

Universal Insurance Holdings Inc. has announced that its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), has written its first homeowners policy in New York. The company also announced the official launch of Universal Direct, the direct-to-consumer online platform […]


Channels

Wells Fargo Underwrites Itron Acquisition of Silver Spring Networks

October 9, 2017

Via: ABF Journal

Itron will all outstanding shares of Silver Spring for $16.25 per share in cash in a transaction valued at $830 million, excluding $180 million in Silver Spring cash. Itron is funding the deal, fully underwritten by Wells Fargo, with cash […]


Channels, Regulations

Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways

October 4, 2017

Via: Insurance Journal

U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue. Wells Fargo has disclosed […]


Channels

Live Oak and First Data open up to digital banking with Apiture JV

October 3, 2017

Via: Banking Technology

International paytech firm First Data and a bank in North Carolina, Live Oak, have partnered to form a new digital banking joint venture (JV) called Apiture. The start-up aims to help community banks compete with the industry heavyweights like Bank […]


Channels

Favorite to be next Fed chair believes central bank is a ‘slave’ to the stock market

October 2, 2017

Via: CNBC

Kevin Warsh, the favorite to be the next chairman of the U.S. Federal Reserve, apparently believes the central bank has become a servant to the stock market after years of loose monetary policy. Uber-bear Albert Edwards, an economist at Societe […]


Channels

Virtusa and WorkFusion team on AI-powered sanctions screening

September 27, 2017

Via: Finextra

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, and WorkFusion, the leading provider of intelligent automation, today announced the launch of an artificial intelligence (AI)-powered sanction screening solution […]


Activity, Channels, Investment banking

State Street unveils Quantextual Idea Lab for investment research

September 22, 2017

Via: Banking Technology

State Street has launched its Quantextual Idea Lab, a hybrid of machine learning and human knowledge, for improved investment research. According to the firm, investment professionals are inundated with research reports from the sell side, the buy side and academia. […]


Channels

Live Oak Bank Adds New Leadership to M&A Lending Team

September 21, 2017

Via: ABF Journal

Live Oak Bancshares added Heather Endresen and Lisa Forrest as senior loan officers for the bank’s new mergers and acquisitions (M&A) lending team. This segment was developed to help customers understand the process of buying other businesses and the role […]


Channels

Trade Informatics unveils peer analysis tool

September 20, 2017

Via: Finextra

Trade Informatics, a leading provider of quantitative analytics and systematic trading solutions to institutional asset managers, is pleased to announce the release of the latest addition to its product suite: Peer Analysis. The buy-side has come to rely on peer […]


Channels

SimCorp and TradingScreen form front office alliance

September 18, 2017

Via: Finextra

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, and TradingScreen Inc. (TS), the leading multi-asset class Execution Management System (EMS) provider, today announce a new strategic alliance. By combining SimCorp and TS’s […]