Oracle, B-Hive launch fast-tracked monetisation program for fintech startups/scaleup
The program will kickstart in January when Oracle and B-Hive will select 15 startup or scaleup fintechs in two program sessions that will take place in Brussels and London
Nested secures £120mn to continue re-inventing how you sell your home
The company has raised £120mn of new funding, consisting of £100mn debt and £20mn equity finance—with a total funding to date to £165mn
UOB’s Digital Bank advances customer-centric data solutions with Meniga
Smart data categorisation engine makes expense tracking effortless for every individual
Wells Fargo’s wealth management head Jay Welker to retire next year
In an effort "to ensure a successful transition,” Welker will continue at the bank for the next four months
Sterling could fall to all-time low post-Brexit, says SMEs
UK's SMEs fear sterling could fall to all-time low post-Brexit, yet 3.7 million remain unprepared and ‘at risk’ with only few having contingencies in place
US stock market inches higher after mid-term election result
Following an unexpected election mid-term result of the Democrats regaining control of the House, the US stock market pushed higher
ECB nominates veteran regulator Andrea Enria to head supervision
The European Central Bank (ECB) has nominated veteran banking regulator Andrea Enria to lead its supervision arm, replacing Daniele Nouy
Sharegain rolls-out first securities lending platform, following $12mn investment
The funding, over two rounds, comes from leading Venture Capital firms Blumberg Capital, Target Global, Maverick Ventures Israel, Rhodium and private investors from the financial industry
26% of Goldman Sachs’ new partners are women
"The promotions will keep the overall size of Goldman’s partnership under 500, just more than 1% of its total employees," reported Wall Street
Westpac to remain focused on wealth management services
Australian financial services provider Westpac has committed to stay focused on the wealth management sector by providing insurance and investment platforms
India’s forex reserves drop to $392.078bn
The decline could be due to central bank's 'intervening in the forex market to reduce rupee volatility'