Lastest from Businesswire
Nonco and SwapGlobal Complete Industry-First Crypto Derivatives Transaction Using Franklin Templeton's BENJI Token
MIAMI--(BUSINESS WIRE)--Franklin Templeton’s on-chain money market fund (Franklin OnChain U.S. Government Money Fund, symbol: FOBXX) has been used in an industry-first derivatives transaction between two institutional dealers: Nonco and SwapGlobal. Crypto OTC derivatives, like swaps and options, are widely used by institutional investors for hedging or directional trades. These transactions often require large amounts of collateral, which can be tied up for extended periods. Using yield-bearing
Pathward Financial, Inc. Declares Cash Dividend
SIOUX FALLS, S.D.--(BUSINESS WIRE)--Pathward Financial, Inc. ("Pathward Financial" or the “Company”) (Nasdaq: CASH) announced that the Company will pay a cash dividend of $0.05 per share for the first fiscal quarter of 2025. This dividend will be payable on January 2, 2025 to shareholders of record as of December 10, 2024. At September 30, 2024, the Company had total assets of $7.55 billion and shareholders’ equity of $839.6 million. This press release and other important information about the
The Central and Eastern Europe Fund, Inc. Provides Update on Developments Regarding Russian Holdings
NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”). As previously reported, certain of the Fund’s Russian holdings have been valued at zero since March 14, 2022 in light of measures adopted by the Russian Central Bank and Government, as well as sanctions implemented by the United States and other countries in response to Russia’s invasion of Ukraine. The effects of the sanctions and measures adopted by the Russian Central Bank and Government are far-re
Sagard Real Estate Accelerates U.S. Multifamily Growth with Acquisition of Pearl at Midlane in Houston’s River Oaks Neighborhood
HOUSTON--(BUSINESS WIRE)--Sagard Real Estate, formerly EverWest Real Estate Investors, a leading firm in real estate investment, announced today the acquisition of Pearl at Midlane, a premier mid-rise apartment complex located in Houston’s prestigious River Oaks neighborhood. The property spans 330 units across 326,232 rentable square feet and was originally built in 2009, with a comprehensive renovation completed in 2021. "We remain committed to expanding our multifamily portfolio in key growt
Gen Z Wants Brands to Level Up Their AI Customer Service Game
SAN RAMON, Calif.--(BUSINESS WIRE)--Sixty percent of Gen Z craves the speed and convenience of AI-powered customer service, but still prefer human interaction for complex issues, according to a new survey conducted by Five9 (NASDAQ: FIVN), provider of the Intelligent CX Platform. This paradox highlights the need for businesses to strike a balance between AI-powered solutions and the human touch to meet the evolving expectations of this tech-savvy generation. This desire for efficiency and ease
Transcarent Unveils Results of First-of-its-Kind Consumer Survey on the Impact of Cancer on Employees
SAN FRANCISCO--(BUSINESS WIRE)-- #CancerCare--Transcarent, the One Place for Health and Care, today released the results of a comprehensive consumer survey, “Understanding the Employee Experience with Cancer,” involving 1,314 individuals diagnosed with cancer and those that have acted as caregivers for people with a cancer diagnosis. The survey provides critical learnings on the challenges they face across the cancer care continuum—from screening to survivorship and workplace support. The findings highlight
EcoVadis’ Coupa Connector Empowers Procurement Teams to Embed Sustainability into Every Purchasing Decision
PARIS & NEW YORK--(BUSINESS WIRE)--EcoVadis' Coupa Connector empowers procurement teams to embed sustainability into every purchasing decision.
Leonid Capital Partners Surpasses $265 Million Raised; Accelerating Growth Driven by Capital Demand in Government and Defense Tech Sectors
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Leonid Capital Partners has surpassed its 2024 fundraising goals, with its evergreen fund now topping more than $265 million in AUM.
SolomonEdwards Acquires Financial Services Risk & Compliance Consultancy Dominion Advisory Group
PHILADELPHIA--(BUSINESS WIRE)-- #AML--SolomonEdwards, a national professional services firm offering financial, operational and technology consulting along with operations support, today announced it has completed the acquisition of U.S.-based anti-money laundering (AML) advisory and financial crime consulting firm Dominion Advisory Group (“DAG”). Founded in 2005, DAG is a premier AML and financial crime investigations and advisory firm. It delivers high-quality services and advice to help clients bui
Trullion Named Among North America's Top 15 Fastest-Growing Companies in Deloitte's 2024 Technology Fast 500™
NEW YORK--(BUSINESS WIRE)--Trullion, a leader in AI-powered accounting and audit technology, proudly announces its recognition as the 14th fastest-growing company on the prestigious Deloitte Technology Fast 500™. Now in its 30th year, this ranking highlights the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Trullion’s CEO Isaac Heller credits the company’s fast-paced growth to the emerging adoption of AI accounting
Conduent Recognized as a Leader in the U.S. and Europe in ISG Customer Experience Services Provider Lens Report
FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, today announced that Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has recognized Conduent as a U.S. and Europe “Leader” in its 2024 Contact Center - Customer Experience Services Provider Lens™ report. The 2024 report recognized Conduent as a “Leader” in both the U.S. and Europe in three quadrants: D
Neos Partners Raises $1.37 Billion Fund II to Invest in the Energy Transition and Critical Infrastructure Sectors
SAN DIEGO--(BUSINESS WIRE)--Neos Partners (“Neos”), an investment firm focused on second-order investing in the energy transition and critical infrastructure sectors, announced today the closing of Neos Partners II (“Fund II”) with $1.37 billion of commitments. Neos also closed a $350 million committed co-investment vehicle alongside Fund II. Fund II closed at its hard cap and received commitments from leading endowments, foundations, investment managers, family offices, and other institutional
Sapia.ai Upgrades Technology to Detect AI-Generated Interview Responses
MENTOR, Ohio--(BUSINESS WIRE)-- #AI--Sapia.ai upgrades its AI detection, achieving 98% accuracy in spotting AI-generated interview answers, ensuring fair and authentic hiring practices.
Bloomreach Gifts Ecommerce Teams More Flexibility and Deeper Personalization with New Features This Holiday Season
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- #ai--Bloomreach announced a new set of product features designed to help ecommerce companies deliver more personalized customer experiences.
Blackstone to Present at the Goldman Sachs 2024 US Financial Services Conference
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) announced today that Jon Gray, President and Chief Operating Officer, is scheduled to present at the Goldman Sachs 2024 US Financial Services Conference on Wednesday, December 11, 2024 at 12:20pm ET. A live webcast of the presentation will be available on the Shareholders section of Blackstone’s website at http://ir.blackstone.com. For those unable to listen to the live webcast, a replay will be available on Blackstone’s website shortly after the
Allstate Announces October 2024 Catastrophe Losses
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of October of $286 million or $226 million, after-tax, including $102 million, pre-tax, from Hurricane Milton and unfavorable reserve reestimates of $144 million, pre-tax, related to Hurricane Helene, primarily in Georgia, South Carolina and North Carolina. Total catastrophe losses for October year-to-date were $4.84 billion or $3.82 billion, after-tax. Financial in
Businesses Cite ‘Monumental’ Losses When They Choose Wrong HR Software
ARLINGTON, Va.--(BUSINESS WIRE)--According to Capterra’s 2025 Tech Trends Survey, regretful HR software purchases lead to significant financial consequences and productivity loss.
Pathward Announces Strategic Partnership to Support Renewable Energy Loan Growth
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Pathward has announced its expanded strategic partnership with BridgePeak Energy Capital.
NICE Actimize AML SaaS Solutions Chosen by TF Bank to Elevate its Financial Crime Program
HOBOKEN, N.J.--(BUSINESS WIRE)-- #AI--NICE Actimize, a NICE (NASDAQ: NICE) business, today announced that TF Bank, Sweden, has chosen NICE Actimize AML Essentials, a cloud-based offering of end-to-end anti-money laundering (AML) solutions, to elevate the digital bank’s financial crime prevention program. The AI-driven AML solutions include Transaction Monitoring, Customer Due Diligence, and Screening. TF Bank is a digital bank offering consumer banking services and e-commerce solutions through a prop
One Inc and U.S. Bank Partner to Modernize Payment Solutions for Insurance Carriers and Policyholders
FOLSOM, Calif.--(BUSINESS WIRE)--One Inc, the leading payments network for the insurance industry, announced today a partnership with U.S. Bank aimed at delivering a comprehensive, unified payment experience for Property & Casualty (P&C) and Life insurers. The collaboration will provide the seamless integration of U.S. Bank’s leading money movement and banking capabilities with One Inc’s best-in-class ClaimsPay® and PremiumPay® solutions to optimize claims and premium processing experie