Lastest from Businesswire
Best’s Commentary: Sketching a Risk Profile for the Emerging Crypto Market
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Greater interest by institutional investors and regulatory clarity are cited as two factors that may help fuel insurance growth for the nascent cryptocurrency industry, according to a new AM Best commentary. Quantifying the emerging cryptocurrency and digital asset insurance segment is challenging, as surveys generally indicate ownership of digital assets among the U.S. population ranges widely. The commentary states that insurance penetration in the crypto secto
Pagaya Achieves First AAA-Rated Auto ABS with $300 Million Deal, Underscoring Strength of its Auto Platform
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a new $300 million AAA-rated auto loan ABS transaction (RPM 2025-3). This marks the first AAA-rated transaction from Pagaya’s RPM program, a milestone made possible by the consistent performance and scaled production the Company has demonstrated since launching the program six
Redfin Survey: Americans Are Torn on How Immigration, Tariffs Impact Housing Affordability
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Over half of U.S. homeowners and renters (51.2%) strongly or somewhat agree with the following statement: “Less immigration will result in fewer construction workers, and thereby fewer new homes, making homes more expensive.” That’s according to a new survey commissioned by Redfin (www.redfin.com), the technology-powered real estate brokerage. But much of the nation holds the opposite view; 38.5% of homeowners and renters strongly or somewhat agree wit
Taxbit Partners with Global Blockchain Business Council (GBBC) to Support Their Growing Cryptocurrency and Stablecoin Management Needs
WASHINGTON--(BUSINESS WIRE)--Taxbit, the enterprise-grade tax and accounting compliance platform for digital assets, has announced a partnership with Global Blockchain Business Council (GBBC), one of the most trusted non-profit associations for the blockchain, digital assets, and emerging technology community. The partnership means that GBBC, a large, geographically diverse organization with US, EMEA, and APAC operations, has selected Taxbit to support its financial reporting requirements, glob
DDC Enterprise Accelerates Bitcoin Treasury with 38 BTC Purchase
NEW YORK--(BUSINESS WIRE)--DDC Enterprise Limited (NYSE: DDC) today acquired 38 Bitcoin (BTC), increasing its corporate treasury holdings to 138 BTC. BTC Yield increased by 22% compared to its late-May purchase. This disciplined accumulation reinforces DDC’s commitment to becoming a top global Bitcoin treasury. Incease treasury holdings by 38 BTC at optimized market entry. DDC’s average cost per bitcoin holding is USD 78,582 22% Yield Increase 0.029679 BTC per 1,000 DDC shares Norma Chu, Founde
Benefit Street Partners Secures $500 Million for Its Third Captive U.S. CLO Equity Fund
NEW YORK--(BUSINESS WIRE)--Benefit Street Partners Secures $500 Million for its Third Captive U.S. CLO Equity Fund
Klarna Partners with Nift to Enhance the Customer Experience and Drive Revenue Growth
BOSTON & NEW YORK--(BUSINESS WIRE)--Nift today announced that it has partnered with Klarna to further enhance and personalize the Klarna customer experience through gift offers.
New Survey Results: 94% of Investors Globally Feel Their Private Market Investments Are Behind and Need to Catch up
BOSTON--(BUSINESS WIRE)--Brown Brothers Harriman (BBH) today released its first Private Markets Investor Survey, which captures the ideas and opinions about private market investments from 500 institutional investors and wealth advisors from the United States, the United Kingdom, Germany, Switzerland, and Japan. The survey finds that the majority of investors (91%) plan to increase their holdings of private markets alternatives within the next two years. This desire to increase is fueled by the
Vine Secures Seed Funding, Forms Board of Directors
AUSTIN, Texas--(BUSINESS WIRE)-- #CommercialLending--Vine Financial Inc., a commercial lending accelerator for banks and credit unions, has secured seed funding and assembled its board of directors.
Barclays Announces the Redemption of 4 iPath® ETNs
NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (“Barclays”) announced today that it will exercise its issuer call option and redeem in full each of the 4 series of iPath® ETNs (the “ETNs”) listed in the table below on June 25, 2025 (the “Redemption Date”). Name of ETN Bloomberg Ticker CUSIP/ISIN iPath® Bloomberg Livestock Subindex Total ReturnSM ETN COWTF 06739H743 / US06739H7439 iPath® Bloomberg Copper Subindex Total ReturnSM ETN JJCTF 06739F101 / US06739F1012 iPath® Bloomberg Grains Subindex To
Locala Launches Omni Planner to Unify Engagement Data for Actionable Media Strategies
NEW YORK--(BUSINESS WIRE)--Locala has launched Omni Planner, a new solution that helps advertisers unify online and offline engagement data to improve performance across digital and in-store channels. Designed to simplify campaign planning and move marketers from insight to action, Omni Planner combines digital and real-world signals to deliver full-funnel visibility and locally tailored strategies. This enables advertisers to plan more efficiently and drive stronger results in every market. By
GCP Capital Partners Closes Single-Asset Continuation Vehicle Transaction in Partnership with Apollo S3 to Support the Continued Growth of ALKEME Insurance
NEW YORK--(BUSINESS WIRE)--GCP Capital Partners (“GCP”), a leading middle market private equity firm, today announced the closing of a single-asset continuation vehicle transaction to support the continued growth of ALKEME Insurance (“ALKEME” or the “Company”), a full-service middle-market insurance brokerage in the United States offering comprehensive solutions spanning property and casualty commercial, employee benefits, personal and other financial services. Apollo S3 anchored the transactio
New Family Office Research Reveals that Cross-Border Wealth is on the Rise and Defining Purpose Unlocks Next Gen Engagement
NEW YORK--(BUSINESS WIRE)--AlTi Global, Inc. (“AlTi” or “AlTi Tiedemann Global”) (NASDAQ: ALTI), a leading independent global wealth manager with $76 billion in combined assets, announces the launch of its 2025 Family Office Operational Excellence Report (“the Report”), developed in partnership with Campden Wealth. As complexity increases and the pace of change accelerates, the Report explores the inner workings of 146 single family offices in North America, Europe and Asia Pacific. The Report
FIS Recognized as an Overall Leader for Digital Issuance by Javelin Strategy & Research
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial technology, has been recognized as an Overall Leader in the latest Digital Issuance Provider Scorecard from Javelin Strategy & Research (Javelin). Following recent recognitions from several respected analyst houses, this announcement further illustrates FIS’ position as a leading provider of payment solutions that unlock efficiencies for the world's money when in motion. Digital issuance is a process that le
InvoiceCloud Launches AI Report Generator to Simplify Biller Reporting, Unlocking Real-Time Insights and Driving Operational Time Savings
BOSTON--(BUSINESS WIRE)--InvoiceCloud launched its AI Report Generator, a tool designed to provide utility, government and insurance billers with real-time reporting.
Advertible Marks Year of Rapid Growth and Industry Recognition
NEW YORK--(BUSINESS WIRE)--Advertible, a pioneer in intelligent rendering technology, is celebrating a year of rapid growth, industry recognition, and product innovation. As the company marks its one-year anniversary, the team is heading to Cannes, France to unveil its latest advancements and deepen relationships with global partners. At the heart of Advertible’s mission is a commitment to elevating native rendering and delivering on the promise of true customization at scale while improving th
Redfin Reports Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the lowest level for this time of year since 2020, when the start of the pandemic ground the housing market to a halt. That’s one signal of the shift toward a buyer’s market in much of the country. For the sake of comparison, more than half (53%) of homes s
NiCE Actimize X-Sight AI Enterprise Platform Increases Modernization of KeyBank’s Financial Crime Operations
HOBOKEN, N.J.--(BUSINESS WIRE)-- #AI--NiCE Actimize, a NiCE (NASDAQ: NICE) business, today announced that KeyBank has increased the modernization of its financial crime operations with the X-Sight AI Enterprise Platform, an advanced portfolio of solutions which effectively address the financial services institutions’ (FIs) most pressing challenges. KeyBank is one of the nation's largest bank-based FIs. KeyBank’s objectives in its modernization were to tackle a variety of operational challenges, while
UMB Financial Corporation Announces Full Redemption of Its Series A Preferred Stock; Nasdaq UMBFP
KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (the “Company”) (Nasdaq: UMBF), a financial services company, announced today that it will redeem all outstanding shares of the Company’s 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share (“Series A Preferred Stock”). All 11,500 outstanding shares of the Series A Preferred Stock (CUSIP: 902788 306) will be redeemed at a price of $10,000 per share of preferred stock on the dividend pay
Allied Gaming & Entertainment Files Lawsuit Against Knighted Pastures and Roy Choi et al. Alleging Violations of Federal Securities Laws
NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, today announced that it has filed a lawsuit in the United States District Court for the Central District of California, against Knighted Pastures, LLC (“Knighted”) and its Managing Partner, Roy Choi, as well as Naomi Choi, Mr. Choi’s mother, and Yiu-Ting So, a long time business partner of Mr. Choi (collectively, the “Knighted Group” or the “D