Platform Financial News

«Making sure that our clients have the best possible experience, with minimal disruption, is of upmost importance to us,» a spokesperson for Schroders said. «To make this happen, we are allowing further time to complete the work on our platform.» Plans to roll out the platform were revealed in February 2024. Schroders forms fixed income leadership team following Andrew Chorlton's departure «This is an exciting milestone for Schroders Personal Wealth and the first of many new developments that we will be looking to make, starting with the launch of our mobile app later this year...

This is the second extension HL have requested regarding this bid, with the board asking the UK takeover panel to push back the deadline by which the private equity pool, led by CVC Capital Partners, is required to announce a firm intention to make an offer for the UK's largest investment platform. Hargreaves Lansdown receives second bid from PE consortium for £5.4bn The revised PUSU deadline is now set for 5pm BST on 5 August 2024.  CVC Capital Partners and the other bidders made the current offer for HL in June, after the platform rejected the initial £4.6bn bid put forward a mon...

Rapidly rising AUA represented an increase of 3.7% in the three months to 30 June 2024, according to HL's trading update today (19 July). Spread across the company's SIPP, ISA and active savings offerings, a net 24,000 new clients joined HL in the most recent quarter, providing £1.6bn of new business.  Fresh clientele represented a significant uptick of 85% year-on-year, with 1,882,000 clients now active on the investment platform. The recent figure represents a notable jump from the 13,000 reported for the three months to June 2023.  Hargreaves Lansdown receives second bid from PE...

Quick commerce platforms like Zomato’s Blinkit and Swiggy Instamart are in advanced talks with leading apparel and shoe manufacturers like Arvind Fashions, Fabindia, Woodland and Puma to sell their products to capitalise on a large section of consumers in top 15 cities moving to buy products other than groceries through quick commerce, multiple industry executives said. Fabindia has already finalised terms with Instamart whereby a tenth of the unsold stock will be taken back by the apparel manufacturer, and there will be a no-return policy for consumers. Others like Woodland are negotiating for store-return. Quick commerce firms currently do not have any return policy for products sold through their platform. These startups are hoping to exploit the growing fashion business, which is currently the second-largest selling category in India's e-commerce industry after electronics and smartphones, accounting for around 20-25% of sales. Quick commerce companies are also foraying into electronics and smartphones as ET recently reported.

Computer systems failed across the globe on Friday, taking down services at airlines, banks and the London Stock Exchange after a widely used cybersecurity program crashed and Microsoft Corp. separately reported problems with its cloud services. 

As of now, Bitcoin (BTC/USD) is trading at around $64,040, with a 24-hour trading volume of $28 billion. Despite a 1.3% decline in the last 24 hours, Bitcoin remains the top-ranked cryptocurrency on major exchanges, boasting a market capitalization of $1.3 trillion.

Crypto market maker Wintermute Trading is currently engaged in discussions to conduct a new fundraising round.

banks whether their customer-facing channels- branches, ATM, mobile banking and net banking — were operating well after technical problem at the US tech giant Microsoft and its vendor American cyber security company Crowdstrike, led to a global tech outage. The banking regulator has made similar enquiries with payment aggregators, they added. The banking regulator has asked banks and payment aggregators to update them on the impact of the outage. Most banks and payment companies told ET that their services were not affected. Speaking to a wire agency, Dinesh Khara indicated that their systems were not affected. «We are all fine,” he told the wire agency.

Reliance Jio, the telecom unit under Jio Platforms Limited (JPL), reported 11.9% on-year growth in net profit for the fiscal first quarter. Net profit stood at Rs 5,445 crore for the three months ended June 30, 2024, as compared with Rs 5,337 crore in the previous quarter and Rs 4,863 crore a year ago. Jio’s Q1 net profit was marginally lower than the Rs 5,449 crore average of analyst estimates compiled by ET.

Mint. Sheth can afford to say that. He has the distinction of scaling two unicorns—Elance (renamed as Upwork), and Gupshup—across two different geographies.

ONGC Videsh Limited, a schedule «A» Navaratna Central Public Sector Enterprise, has announced the signing of a definitive Sale Purchase Agreement (SPA) to acquire a stake in Azerbaijan's prestigious Offshore Azeri Chirag Gunashli (ACG) oil field from Equinor ASA. According to a press release, the agreement encompasses the acquisition of a 0.615 per cent participating interest (PI) in the ACG field and a 0.737 per cent shareholding in the Baku Tbilisi Ceyhan (BTC) pipeline company through its wholly-owned subsidiary, ONGC BTC Limited. The total investment for these acquisitions is projected to be up to USD 60 million, with the deals expected to be finalized in the forthcoming months.

iCapital is helping more advisors gain access to the alternative investment space thanks to a new strategic collaboration.

In the wake of recently raising tens of billions of dollars of capital with nontraded real estate investment trusts and business development companies, Blackstone Inc. is preparing to roll out new funds for financial advisors to sell to clients by 2025.

It’s slow and it will take time, but the managed account platform sector’s shift towards consolidation is sure to come, according to recent findings from Cerulli.

CW Advisors, a registered investment advisor based in Boston, has announced a new acquisition to expand its presence in New Jersey.

work-related stress and poor work-life balance, as per a report by digital healthcare platform MediBuddy and CII. The report, which was released on Friday, also highlighted that a massive number of job seekers consider employee wellness programmes crucial in their decision-making process. The report 'Mapping India's Corporate Health and Wellness Landscape' emphasised the importance of customised wellness programmes based on employee demographics and personalised prevention strategies. As per the report, 71 per cent of employees spend an average of 5 per cent of their annual income on out-of-pocket healthcare expenses.

Ryan Selkis, the CEO of Messari, a crypto research platform, has apologised for making a series of extremist pro- Donald Trump comments.

Over the past year, one technology that has grabbed the attention of technologists worldwide is DePIN (Decentralized Physical Infrastructure Network). Several big-name VC firms have also injected billions of dollars into this space, resulting in the total market capitalization of DePIN tokens breezing past the $25 billion threshold earlier in February.

Everyone loves the thrill of racing. But what if we tell you that a project is bringing the best of racing and the crypto world.

manufacturing hub providing resilient supply chain options for leading manufacturers across industry sectors. Technology enablement is critical to enable efficient and reliable supply chain operations and it is imperative for the government of India to strengthen nation’s digital backbone.