Commonwealth Bank of Australia (CBA), in collaboration with YouGov, has unveiled compelling insights into AI adoption among SMEs, revealing that 59 percent of these businesses have either invested in or plan to invest in AI over the next five years…
As generative artificial intelligence (AI) transitions from research to commercialization, the software segment of the generative AI market is poised for substantial growth, projected to reach $52.2 billion by 2028 at a compound annual growth rate of 58% from 2023,…
Transaction Network Services (TNS) has unveiled its latest eBook titled “Digital Transformation Trends for Financial Services Contact Centers”, focusing on the evolution of financial services contact centers and their strategies to fortify the voice channel against emerging threats. The financial…
The forthcoming European Parliament elections scheduled for June 6-9, 2024, loom large with potential implications for EU financial markets. Structural shifts in parliamentary seats, particularly across various parties and coalitions, hold the power to influence the direction and momentum of…
Pirum, a fintech leader in post-trade services for the securities finance industry spanning over two decades, has announced today the extension of its SFTR solution in collaboration with S&P Global Market Intelligence Cappitech to encompass clients’ reporting obligations under the…
XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) announced today its plans to conduct the Trust’s Quarterly Webinar on May 30, 2024, at 11:00 am (Eastern Time). Kimberly Flynn, President at XA Investments (“XAI”), will lead the Q&A…
In Q1 2024, turnover reached €781.6 million, marking a 6.0% year-on-year increase. EBITDA for the same period was €361.7 million, up 8.6% year-on-year, resulting in an EBITDA margin increase of approximately +112 basis points. Forecasts for 2024 remain confirmed. Additionally,…
Cambridge Savings Bank (CSB), a customer-centric full-service mutual bank boasting nearly $7 billion in assets, has announced a $25,000 donation to the Chesterbrook Community Foundation. The donation aims to support the renovation of the Chesterbrook Community Center, nestled within the…
Investors Title Company (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024. The Company reported net income of $4.5 million, or $2.40 per diluted share, compared with net income of $1.2 million, or $0.62 per diluted share,…
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for April 2024.1 Chris Concannon, CEO of MarketAxess, commented: “In April, we…
KBRA Publishes Report on U.S. CMBS Loan Performance Trends for April 2024 KBRA has released a comprehensive analysis of the U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed during the April 2024 servicer reporting period. The report highlights key…
Pinnacle Bank, headquartered in Gilroy, California, announced today unaudited net income for the three months ended March 31, 2024 of $2,453,000, compared to net income of $2,723,000 for the same period in 2023. The decrease in net income from the…
