The SEC, J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management (JPMIM) have agreed to a substantial settlement following a series of violations. The firms will pay over $151m in civil penalties and voluntary payments to resolve allegations of misleading disclosures and breaches of fiduciary duty among other failures, without admitting or denying the SEC’s findings. The SEC has...

Pro Global, a trusted advisor for the specialist insurance sector, has announced a significant enhancement of its Digital Services capabilities. This expansion is under the guidance of Kristy Lovegrove, Group Head of Technology, and represents a strategic shift aimed at meeting the increasing demand for automation and tech-driven efficiencies in the re/insurance market worldwide, according to FF News. Pro Global's focus...

VibePay, a player in the real-time payments and data sector, announced a significant boost in funding alongside a strategic hiring move.

Affirm, the leading payment network empowering consumers and helping merchants drive growth, has officially launched its pay-over-time options in the UK, continuing its global expansion. Affirm’s entry into the UK market aligns with its mission to provide consumers with responsible, transparent financial options, according to FF News. With a growing demand in the UK for buy now, pay later (BNPL) services...

iCapital, a global FinTech platform that facilitates alternative investment opportunities for wealth and asset managers, has entered into a definitive agreement to acquire AltExchange in a bid to enhance its data management capabilities.  The acquisition aims to bolster iCapital’s data management capabilities, aligning with the company’s commitment to innovation and improving operational efficiencies for clients. Although the financial terms of the...

Allvue Systems, a distinguished provider in technology for alternative asset managers and fund administrators, recently introduced Fund Administration Essentials.

BlueFlame AI, a generative artificial intelligence solutions provider, has introduced its latest innovation, the DDQ Manager, aimed at transforming operations within the alternative investment management sector.

A strong week for FinTech funding saw $898.125m raised over a period that was headlined by a mammoth $200m tranche from Armis.  The mammoth Series D saw the cyber exposure management and security firm's valuation soar to a whopping $4.2bn. Behind the blue-ribboned raise, there was still much to be excited about. Israeli FinTech Melio successfully raised $150m in a funding round...

Agent IQ and Narmi announce a strategic partnership to enhance digital banking solutions, offering advanced AI-driven experiences to community banks and credit unions.

Stanbic Bank Kenya and Mastercard have recently formed a partnership to cater to the affluent segment of their clientele.