Accenture (NYSE: ACN) has closed the acquisition of Optimind, a Paris-based independent consulting firm offering advisory services and solutions to insurance companies, banks, and large corporations. The announcement, initially made on March 17, 2023, reveals the firm’s strategy to address competitiveness, transformation, and regulatory challenges. The financial details of the acquisition remain undisclosed. Founded in […]
Moody’s Corporation and Microsoft are stepping into a strategic alliance aimed at delivering an enhanced suite of data, analytics, research, collaboration and risk solutions to the world of financial services and global knowledge workers. The partnership melds Moody’s strong data and analytical capabilities with the power and scale of Microsoft Azure OpenAI Service, opening up […]
ThetaRay, an artificial intelligence (AI) powered transaction monitoring technology provider, has formed a strategic partnership with payment hub solutions leader, Millennium EBS, to advance compliance solutions in the banking industry. As part of the collaboration, ThetaRay’s compliance solution will be integrated into Millennium EBS’s payment hub platform, enabling banks and financial institutions to effectively manage […]
In a landmark move, Nasdaq has signed an agreement to purchase Adenza, a provider of risk management and regulatory software in the financial services sector, for a whopping $10.5 billion, from Thoma Bravo. The acquisition, financed in a mix of cash and common stock, fast-tracks Nasdaq’s strategic aspiration to become a global linchpin in the […]
In a significant step towards streamlining regulatory compliance and risk management in the mortgage industry, mortgage underwriting software provider, FundMore, has teamed up with Indian digital services firm, Coforge (formerly NIIT Technologies). The alliance aims to develop a cutting-edge platform to automate quality control (QC), addressing the industry’s heightened need for efficient and accurate loan […]
Wipro, an Indian technology services and consulting company, has launched the Wipro Industry Innovation Experience for Financial Services on Microsoft Cloud to address the market challenges faced by today’s financial institutions. This virtual platform offers a suite of banking and financial services solutions built on the reliable infrastructure of Microsoft Cloud. By combining Microsoft Cloud […]
Indian IT company Tata Consultancy Services (TCS) revealed that Ikano Bank in Sweden has chosen the TCS BaNCS Global Banking SaaS Platform for its extensive core banking transformation across Europe. The move comes as Ikano Bank seeks to streamline its operations, enhance risk management, and deliver a consistent customer experience. Ikano Bank operates across multiple […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Mavco Insurance Group, an Australian general insurance broker and risk management firm, for an undisclosed price. Headquartered in Perth, Western Australia, Mavco Insurance Group caters to corporate customers across Australia and abroad. The areas in which Mavco Insurance Group has expertise are construction, engineering, health, […]
Alliant Insurance Services, an American insurance distributor, has acquired McAnally Wilkins, a provider of property and casualty (P&C) insurance solutions for the oil and gas service sector. The financial terms of the deal were not disclosed. Based in Odessa, Texas, McAnally Wilkins offers expertise in insurance and risk management along with employee benefits programs for […]
Global insurance brokerage Hub International has acquired the assets of Brady Risk Management, a risk management firm based in Huntington, New York, for an undisclosed price. Brady Risk Management offers a broad variety of products and services to hospitality and other major industry segments, which supports the specialty practice of Hub International by complementing and […]
