Alternative asset management company TPG invested $336 million in data management platform Denodo
Recently, alternative asset management company TPG announced plans to provide $336 million in support for the B-round financing of the US data integration, management, and delivery platform Denodo. This investment will be made through TPG's intermediate market and growth stock platform TPG Growth, and is expected to be completed early next month if approved by regulatory authorities.
Information link:
https://www.denodo.com/en/denodo-platform/denodo-express
Comment: JPMorgan Chase will serve as the exclusive placement agent for this transaction. Denodo was founded in 1999 and is headquartered in Palo Alto, California. It has 25 offices in 20 countries in North America, Europe, the Middle East, Africa, and the Asia Pacific region.
Enhance anti fraud capabilities, A2A payment platform Form3 receives investment from Visa
On September 12, 2023, payment giant Visa announced its investment in the UK's A2A payment platform Form3, but the exact amount was not disclosed to the public.
Information link:
https://www.openbankingexpo.com/news/visa-backs-a2a-payments-platform-form3/
Comment: Form3 was established in 2016 and has received investments from multiple institutions such as Goldman Sachs, Barclays, and MasterCard. Its goal is to completely change the payment processing world and break traditional payment infrastructure models through a cloud native payment as a service platform.
Ampla, a US capital solutions company, received $258 million in credit support from institutions such as Goldman Sachs
Recently, American financial technology startup Ampla announced that it has received $258 million in credit support from Goldman Sachs and Atalaya Capital Management. Ampla was founded in 2019 and headquartered in New York. It mainly provides financial and capital solutions for consumer brands, connecting them with businesses such as embedded banking, bill payment, performance analysis, and corporate card solutions.
Information link:
https://www.getampla.com/
Comment: By providing incremental financing, Ampla will further support the development and deployment of the company's growth capital products and its consumer brand "integrated" platform.
Zhibao Technology Sprints US Stocks: Half Year Revenue of 91.8 million
Digital insurance technology company Zhibao Technology Co., Ltd. (referred to as "Zhibao Technology") has recently submitted a prospectus and is preparing to be listed on the NASDAQ in the United States under the stock code ZBAO.
Information link:
https://xueqiu.com/1434111201/260828128
Comment: Zhibao Technology was established in November 2015 as an internet insurance brokerage platform
Reinsurance company Fortitude Re signs $450 million artificial intelligence agreement with IBM
Reinsurance company Fortitude Re and IBM have reached a massive agreement worth $450 million, aimed at revolutionizing the insurance group's life insurance policy services business by implementing artificial intelligence technology and other automation tools. These advancements aim to provide policyholders and insurance companies with a stronger customer experience.
Information link:
https://newsroom.ibm.com/2023-08-24-Fortitude-Re-Engages-IBM-to-Transform-and-Optimize-Its-Life-Insurance-and-Annuity-Third-Party-Administration-Operations
Comment: The reinsurance company has chosen IBM Insurance Solutions, a subsidiary of IBM, to leverage IBM's global capabilities to provide third-party management (TPA) services to over 4 million policyholders.
Waymo and Swiss Re share the research results of autonomous vehicle
Last year, Waymo Alphabet's autonomous vehicle subsidiary joined hands with Swiss Re to solve an urgent problem: how should we assess the risks associated with autonomous vehicle? This cooperation aims to reshape the insurance model, because autonomous vehicle are expected to significantly reduce the number of road accidents, thereby reducing insurance claims.
Information link:
https://www.cnbc.com/2021/06/16/alphabets-waymo-raises-2point5-billion-in-new-investment-round.html#: ~: text=Waymo% 20announced% 20in% 20March% 2020% 20it% 20raised% 20% 242.25, funding% 20move% 20shown% 20Waymo% 20sound% 20even% 20more% 20capital
Comment: Two companies have now released a study comparing the safety of Waymo One's autonomous driving service with human drivers using comprehensive insurance claim data.
Driver Technologies Launches Commercial Vehicle All Cloud Video Service Driver Trucking
Driver Technologies, a company specializing in artificial intelligence mobile solutions, has launched its first commercial vehicle all cloud video service, "Driver Trucking".
Information link:
https://www.worktruckonline.com
Xcelerate Auto extends XCare to electric vehicle drive batteries and units
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Xcelerate Auto has partnered with Endurance Dealer Services and AmTrust Financial to expand the XCare automotive service contract to include electric vehicle (EV) drive batteries and drive units in its coverage.
Information link:
https://www.xcelerateauto.com/xcare
Comment: The XCare electric vehicle warranty extension service was originally launched four years ago and was specifically designed for electric vehicles. The expanded coverage includes driver batteries and driver unit protection to meet the growing demand of the electric vehicle community.
Deutsche Bank trains AI to recognize the code language used by traders on phone calls
According to reports, Deutsche Bank is testing several artificial intelligence (AI) tools aimed at detecting potential signs of misconduct from the tone of traders' phone conversations. Bernd Leukert, Chief Technology, Data, and Innovation Officer of Deutsche Bank, stated that Deutsche Bank is researching machine learning tools for Google Cloud.
Information link:
https://www.toutiao.com/c/user/5924685662/
A survey shows that the metaverse craze in the UK banking industry is gradually dissipating
In 2021, Facebook was renamed Meta, sparking a wave of metaverse around the world, and various financial service companies were also unwilling to fall behind. A report released by Citigroup in 2022 predicts that the market value of the metaverse will reach as high as $13 trillion by 2030. However, a recent survey conducted by Censuswide on 150 British banking executives shows that the metaverse craze in the financial industry is fading.
Information link:
https://www.weiyangx.com/429101.html
The Bank for International Settlements calls for sustainable financial solutions using blockchain, AI, and the Internet of Things
Recently, the Bank for International Settlements launched an initiative calling for sustainable financial solutions using blockchain, artificial intelligence, and the Internet of Things. The initiative outlines three key issues aimed at addressing, including the application of artificial intelligence to strengthen reporting, validation, and disclosure mechanisms in the financial services industry; The potential of blockchain technology in auditing and enhancing transparency, traceability, and accountability in sustainable finance, as well as integrating IoT and sensor technologies into sustainable finance, to ensure informed assessment of impacts, risks, or compliance.
Information link:
https://foresightnews.pro/news/detail/29316
JPMorgan Chase is exploring blockchain based deposit tokens for payment and settlement
Bloomberg quoted insiders as saying that JPMorgan Chase is in the early stages of exploring blockchain based digital deposit tokens to accelerate cross-border payments and settlements
Information link:
https://www.finacerun.com/home/news/detail/article_id/130586.html
BCG collaborates with climate entrepreneur Doconomy to support financial institutions in formulating sustainable development agendas
Recently, internationally renowned management consulting firm Boston Consulting Group (BCG) announced the establishment of a strategic partnership with leading climate technology provider Doconomy to support financial institutions in formulating sustainable development agendas.
Information link:
https://www.bcg.com/press/12september2023-doconomy-bcg-announce-strategic-partnership
Draft for soliciting opinions on the concept framework of influence accounting
The International Foundation for Valuing Impacts (IFVI) and Value Balancing Alliance (VBA) jointly studied and released a draft for soliciting opinions on "General Methodology 1: Conceptual Framework for Impact Accounting". The deadline for soliciting opinions is October 16, 2023.
Information link:
https://ifvi.org/impact-accounting-methodology/#: ~: text=As% 20the% 20first% 20installation% 20in% 20the% 20General% 20Methodologies% 2C, is% 20connected% 20to% 20topics% 20such% 20as% 20materiality% 20assessments
ESG Global Leaders Conference Settled at Greenland Bund Center
On September 13th, the third ESG Global Leaders Conference opened at the Shanghai Greenland Bund Center, which has become a permanent venue for the ESG Global Leaders Conference. This year's ESG Global Leaders Conference is held offline for the first time, with the theme of "Sustainable Economic Growth, Social Development, and Environmental Protection".
Information link:
https://www.shanghai.gov.cn/nw4411/20230914/18d5dd789c21457088bf6a20077cac87.html
Taiwan's carbon rights trading measures will be introduced around October
The Taiwan Provincial Carbon Rights Exchange was officially established on August 7th. Chairman Lin Xiuming stated that foreign carbon rights trading can be listed as soon as the end of this year; The carbon rights trading part within Taiwan Province needs to be implemented after the environmental department formulates a sub law, and it is hoped to be completed in the first half of next year.
Information link:
https://news.bjx.com
The US Congressional AI Forum has come to an end, and Musk claims that there is a strong consensus on regulating AI
On Wednesday (September 13th) local time, Tesla CEO Musk told the media that there may be some form of regulatory agency in the field of artificial intelligence. Earlier in the day, Musk participated in the closed door "Artificial Intelligence Insight Forum" organized by Senate Majority Leader Schumer. The event also invited current leaders in the AI field, including OpenAI CEO Altman and Google CEO Pichai, but the media and the public were not allowed to enter.
Information link:
https://www.thepaper.cn/newsDetail_forward_24621338
Singapore: There is no cryptocurrency sandbox and cryptocurrency retail access regulation will be implemented by the end of the year
The Monetary Authority of Singapore (MAS) recently responded to the Financial Times that there is no "cryptocurrency sandbox". The financial technology regulatory sandbox launched in 2016 supports a wide range of financial technology experiments, and so far, none of the companies eligible to enter the sandbox have provided convenience for cryptocurrency payments.
Information link:
https://www.medanswering.com/login.taf
White House: Eight companies including NVIDIA voluntarily commit to managing AI risks
On September 12, 2023, the White House issued a statement stating that US Commerce Secretary Raymond and other senior government officials gathered AI industry executives at the White House to announce that Adobe, Cohere, IBM, Nvidia, Palantir, Salesforce, ScaleAI, and Stability have committed to voluntary regulatory measures to manage AI technology development risks, including conducting security testing before launch, building systems that prioritize security, and adding digital watermarks to AI generated content.
Information link:
https://www.guancha.cn/internation/2023_09_12_708364.shtml?s=zwyzxw
The South Korean government will invest over 1 trillion won in the field of artificial intelligence next year
On September 6, 2023, the South Korean Ministry of Planning and Finance held the "6th Digital Economy Forum" and stated that the South Korean government will invest 1.2 trillion won in artificial intelligence and digital development next year to achieve the integration of digital technology in the daily lives of residents such as healthcare and caregiving.
Information link:
http://kr.mofcom.gov.cn/article/jmxw/202309/20230903438796.shtml
Beijing Asset Management Association: Currently, Beijing's financial assets have exceeded 200 trillion yuan, accounting for about half of the country. Under the guidance of the Beijing Local Financial Supervision and Administration Bureau, the Beijing Asset Management Association has compiled and completed the "Analysis Report on the Development of Beijing Asset Management Industry (2023)", which aims to systematically sort out the ecology of Beijing's asset management industry and showcase the industry's development style, Assist more institutions in supporting the construction of the "four centers" in the capital, and promote high-quality development of the capital.
Information link:
http://news.10jqka.com.cn/20230915/c650650142.shtm
Decision of the Standing Committee of the National People's Congress on Amending the Civil Procedure Law of the People's Republic of China
The Fifth Session of the Standing Committee of the 14th National People's Congress of the People's Republic of China passed a decision on September 1, 2023, to amend the Civil Procedure Law of the People's Republic of China, which will come into effect from January 1, 2024. The Civil Code stipulates the system of estate administrators, including how to create and replace them, which is clearly defined in the revised Civil Procedure Law.
Information link:
Www.gov.cn/flfg/2012-09/01/content_ 2214662.htm
Bank of Beijing Successfully Holds Wealth Partner Ecological Conference by Aggregating New Ecology and Sharing Innovative Value
The Wealth Partner Ecological Conference of Bank of Beijing was held at the Shougang Park venue of the 2023 Service Trade Fair. The event brings together the joint efforts of multiple parties, aiming to build a wealth management ecosystem, grow together with wealth partners, collaborate and advance together, and achieve ecological win-win results. Huo Xuewen, Secretary and Chairman of the Party Committee of Bank of Beijing, Gu Shouyuan, Member of the Party Committee and Leader of the Discipline Inspection and Supervision Group of the Beijing Municipal Commission for Discipline Inspection and Supervision stationed in Bank of Beijing, Wei Deyong, Vice President, Dai Wei, Vice President, and more than 90 representatives of wealth partners from across the country attended the event.
Information link:
https://news.cctv.com/2023/09/07/VIDEz16LQrkp9nnQ1XP5XZO5230907.shtml
The Yangtze River Delta REITs Industry Alliance Helps the Stable Development of Public REITs
Recently, more than 20 original equity holders, operation management institutions, and fund managers of public REITs in infrastructure jointly held a research symposium on optimizing the operation and management mechanism of REITs. This symposium was organized by the Yangtze River Delta Infrastructure REITs Industry Alliance. Representatives of participating institutions focused on the main problems in the operation and management of REITs, the main obstacles and reasons for improving operation and management efficiency, and how to establish an effective incentive and constraint mechanism for operation and management. All parties actively provided suggestions and suggestions.
Information link:
https://news.cnstock.com/news , bwkx-202309-5121548.htm
Pitchbook released the 2023 Most Entrepreneurial Atmosphere Global University Ranking
Great entrepreneurs can come from anywhere, but it is undeniable that some universities have outstanding achievements in attracting and cultivating future entrepreneurs. In recent years, Pitchbook has repeatedly released the "Top 100 universities ranked by startup founders" list, comparing the innovation and entrepreneurship atmosphere of globally renowned universities by counting the number of alumni entrepreneurs who have received venture capital over the past decade.
Information link:
https://pitchbook.com/news/articles/pitchbook-university-rankings-2022
Ernst&Young creates a large language model EY.ai EYQ, which will train 400000 employees
Consulting firm Ernst&Young stated that it has recently completed a $1.4 billion investment in artificial intelligence. In addition, the company has created a large-scale language model EY.aiEYQ and will provide artificial intelligence training to its 400000 employees. Ernst&Young declined to comment on specific future investments in artificial intelligence, but stated that the annual investment will exceed that of the past five years.
Information link:
https://www.ey.com/en_gl/news/2023/09/ey-announces-launch-of-artificial-intelligence-platform-ey-ai-following-us-1-4b-investment
The US Commodity Futures Trading Commission calls for the establishment of encrypted regulatory sandboxes
On September 7, 2023, Caroline Pham, a member of the United States Commodity Futures Trading Commission (CFTC), attended an event at the Cato Institute. In her speech, she called for the launch of the first digital asset market pilot project in American history, similar to the previous sandbox plan, to adopt a more long-term and strategic perspective to regulate technological innovation, and cultivate an open, transparent, competitive, and stable market environment.
Information link:
https://www.cftc.gov/About/Commissioners/CarolineDPham/index.htm
NASDAQ: The first AI driven exchange order type approved by the US Securities and Exchange Commission
On September 8, 2023, NASDAQ announced that it had obtained approval from the US Securities and Exchange Commission (SEC) to launch what the company referred to as the "first AI driven exchange order type". Nasdaq stated that it has also adopted predictive AI technology in its US options market this year.
Information link:
https://www.fx678.com/C/20230909/202309091018591051.html
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