Tag Archives: financial services

Acuity Knowledge Partners expands AI capabilities with acquisition of European digital transformation firm Ascent

(IN BRIEF) Acuity Knowledge Partners has agreed to acquire Ascent, a European leader in AI-powered digital transformation services, in a deal expected to close on 30 September 2025. The acquisition will expand Acuity’s Data and Technology Services division, adding 550 … Read the full press release

EY introduces Growth Platforms powered by neurosymbolic AI to transform enterprise growth strategies

(IN BRIEF) Ernst & Young LLP has launched EY Growth Platforms, a new enterprise solution built on neurosymbolic AI that blends machine learning with symbolic reasoning to help organizations unlock major growth opportunities and reinvent their business models. The system … Read the full press release

Upgraded UPI integration by Deutsche Bank delivers faster and more reliable digital transactions for merchants in India

(IN BRIEF) Deutsche Bank has upgraded its connection to India’s Unified Payments Interface (UPI), enabling merchants and Payment Service Providers to process payments more quickly and efficiently through new direct payment rails. The improved infrastructure gives clients access to direct … Read the full press release

Vienna Insurance Group acquires majority stake in Moldasig, becoming Moldova’s leading insurer

(IN BRIEF) Vienna Insurance Group (VIG) has acquired 80% of Moldasig following a successful public auction, making it the market leader in Moldova with around 30% share. The Share Purchase Agreement with the Moldovan state finalises VIG’s acquisition plan announced … Read the full press release

Benchmark Capital partners with Insignis to expand adviser access to cash management solutions and improve client outcomes

(IN BRIEF) Benchmark Capital, part of the Schroders Group, has formed a partnership with Insignis to provide advisers with enhanced cash management solutions for their clients. Through Insignis’ platform, advisers can access savings products from more than fifty banks and … Read the full press release

DNB Appoints Rasmus Figenschou as New CFO, Names Marianne Wik Sætre to Lead Corporate Banking Norway

(IN BRIEF) DNB has named Rasmus Figenschou as its next CFO, effective 24 October, succeeding Ida Lerner, who is leaving for a role outside the Nordic region. Figenschou will be replaced as Group Executive Vice President of Corporate Banking Norway … Read the full press release

Deutsche Bank Appoints Michael Diederich to Strengthen Corporate Bank Leadership in Germany and Globally

(IN BRIEF) Deutsche Bank has named Michael Diederich as Global Co-Head of its Corporate Bank, starting October, to work alongside David Lynne. With over 20 years of experience in corporate and investment banking, including senior leadership roles at UniCredit and … Read the full press release

UBS to renovate San Juan office with sustainability-focused design in celebration of 60 years in Puerto Rico

(IN BRIEF) UBS will complete a major renovation of its San Juan office by early 2026, creating a modern, sustainable space for clients and employees. The redesign will incorporate eco-friendly materials, high-performance textiles, and resilient surfaces to support adaptability and … Read the full press release

Accenture Ventures Backs Snorkel AI to Supercharge Data-Centric AI Solutions for Regulated Industries

(IN BRIEF) Accenture Ventures has invested in Snorkel AI to bolster enterprise AI adoption by improving dataset quality for model training and evaluation. Snorkel’s platform automates the conversion of siloed data and domain expertise into high-fidelity datasets, facilitating rapid, secure … Read the full press release

Wolters Kluwer to Sell FRR Unit to Regnology for €450 Million to Refocus on Core Compliance Markets

(IN BRIEF) Wolters Kluwer FCC has agreed to sell its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology Group GmbH for approximately €450 million. The sale aligns with FCC’s strategy to intensify focus on U.S. banking and corporate compliance … Read the full press release

Experian Selects AWS as Strategic Cloud Partner to Drive Real-Time Intelligence and AI Innovation

(IN BRIEF) Experian has entered a 10-year strategic partnership with AWS, designating AWS as its preferred cloud provider. This collaboration will see Experian migrate its mainframes and on-premises servers to AWS, centralizing its technology stack and harnessing AWS analytics and … Read the full press release

EY and NVIDIA Launch AI-Driven Platform to Revolutionize Third-Party Risk Management

(IN BRIEF) EY.ai for Risk is a new suite of AI-powered risk management tools developed in partnership with NVIDIA. Combining NVIDIA NIM microservices and EY’s 100+ years of risk expertise, the solution runs on the EY.ai agentic platform to streamline … Read the full press release

Orange Business and Toshiba Europe Unveil Paris’s First Commercial Quantum-Safe Networking Service

(IN BRIEF) Orange Business has partnered with Toshiba Europe to launch Orange Quantum Defender, the first quantum-safe network service available commercially in greater Paris. By combining Toshiba’s QKD hardware with robust PQC software, the service delivers a multi-tiered security model … Read the full press release

Natixis Appoints Anne Sabot as CFO, Effective June 2025

(IN BRIEF) Anne Sabot has been appointed CFO of Natixis Corporate & Investment Banking, effective June 1, 2025. With extensive experience within Groupe BPCE, she will join both the Natixis Senior Management Committee and the BPCE Executive Committee. She succeeds … Read the full press release

Shanghai Commercial Bank Implements Wolters Kluwer OneSumX Solution for Basel Compliance and Risk Management

(IN BRIEF) Shanghai Commercial Bank has successfully implemented Wolters Kluwer’s OneSumX solution to enhance its regulatory reporting, Basel III compliance, and risk management processes. The automated system streamlines operations and ensures compliance with the Hong Kong Monetary Authority’s guidelines. In … Read the full press release

Jennifer Lassiter Appointed as Head of Digital Assets for Europe and Americas at Standard Chartered

(IN BRIEF) Standard Chartered has appointed Jennifer Lassiter as Head of Digital Assets for Europe and the Americas, based in New York City. She will lead the Bank’s strategic initiatives in the digital asset space, focusing on expanding capabilities and … Read the full press release

Tomas Kindler, Rafael Moral Santiago, and Fabienne-Anne Rehulka Appointed to SIX Executive Board to Lead Future Growth

(IN BRIEF) SIX has announced key appointments to its Group Executive Board, effective June 1, 2025. Tomas Kindler has been appointed as Head of Exchanges, following his interim role since January 2025. Rafael Moral Santiago takes on the role of … Read the full press release

Wolters Kluwer Financial & Corporate Compliance Recognized with Two Prestigious A-Team Innovation Awards for Integrated Regulatory Risk and Financial Data Management

(IN BRIEF) Wolters Kluwer Financial & Corporate Compliance has earned two prestigious 2025 A-Team Innovation Awards, recognizing excellence in integrated regulatory risk and financial data management. These awards highlight innovative projects that leverage new technologies to deliver high-value solutions for … Read the full press release

BNP Paribas and IBM Renew 10-Year Partnership to Strengthen Cloud Infrastructure and Accelerate Generative AI Adoption

(IN BRIEF) BNP Paribas has renewed and strengthened its partnership with IBM for the next decade, focusing on enhancing cloud infrastructure, advancing cloud-native strategies, and supporting the development of generative AI. The expanded collaboration will further increase operational resilience, improve … Read the full press release

GRO Fund III and Kirk Kapital Secure Acquisition of Omada A/S, Marking Exit for CVC Growth Funds and GRO Fund II

(IN BRIEF) Omada A/S, a global leader in Identity Governance and Administration (IGA) software, has announced its acquisition by GRO Fund III, alongside Kirk Kapital. This move marks the full exit of Omada’s previous investors, CVC Growth Funds and GRO … Read the full press release