Financial Technology

Alpaca and ZAD Partner to Bring Shariah-Compliant Investing Globally

July 8, 20254 min

Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, today announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. With global Islamic finance assets surpassing $5.5 trillion USD in 2024, a report from Standard Chartered forecasts they could reach $7.5 trillion USD by 2028....

by BusinessWire

Investments

Liquidnet Advances Emerging Markets Strategy With New Hire

July 8, 20253 min

Michael Fidance appointed as Head of CEEMEA Equities to drive growth across Central and Eastern Europe, the Middle East and Africa.

by BusinessWire

Platforms

Zycus Named a LEADER in 2025 IDC MarketScape for Source-to-Pay

July 8, 20254 min

Zycus, a global leader in AI-powered procurement technology, has been named a Leader in the IDC MarketScape: Worldwide AI-Enabled Source-to-Pay 2025 Vendor Assessment. This recognition follows a comprehensive evaluation, including RFI submissions, live product demos, analyst briefings, and customer interviews. “Zycus is a recognized Leader in the Source-to-Pay space leveraging Agentic AI to drive procurement transformation. With AI agents like Merlin Intake and the Autonomous Negotiation Agent (ANA), Zycus offers a seamlessly integrated solution suite for enterprises focused...

by BusinessWire

Investments

Stonepeak Appoints Cindy Marrs as Senior Advisor to Boost Wealth Team

July 8, 20253 min

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the appointment of Cindy Marrs as a Senior Advisor. In this role, Cindy will leverage her more than 30 years of wealth management expertise and leadership experience to advise the firm and support the continued growth of Stonepeak+, Stonepeak’s dedicated wealth solutions platform. Cindy joins Stonepeak’s deep bench of Senior Advisors and Operating Partners with three decades of wealth leadership experience at...

by BusinessWire

Platforms

Levelpath Raises $55M+ to Transform Enterprise Procurement

July 8, 20258 min

New funding fuels launch of autonomous AI agents for enterprise procurement

by BusinessWire

Platforms

Intuit Launches Virtual AI Team to Boost Business Growth

July 8, 202510 min

AI agents and trusted AI-enabled human experts available in Intuit QuickBooks assist businesses with saving time, making smarter decisions, and driving better money outcomes

by BusinessWire

Investments

BlackRock Completes Acquisition of HPS Investment Partners

July 8, 20258 min

BlackRock, Inc. (NYSE: BLK) and HPS Investment Partners (HPS) today announced the successful completion of BlackRock’s acquisition of HPS. Private credit is reshaping financial markets and the structural trends supporting its growth have accelerated the convergence of public and private markets. Financing activity is being shifted toward the capital markets, positioning asset managers to match long-dated capital with long-term investors, including insurance companies, pensions, sovereign wealth funds, wealth managers, and individuals saving for retirement. With...

by PRNewswire

Crypto Currencies

AEON, Blum Partner to Bring Real-World Utility to $BLUM

July 7, 20254 min

AEON, the next-generation crypto payment framework, has announced a strategic partnership with Blum, a fast-rising decentralized multichain trading ecosystem, to integrate and support its newly listed token $BLUM across AEON Pay’s real-world crypto payment infrastructure. Through this partnership, $BLUM holders can now spend their tokens across millions of online and offline merchants, including global brands like McDonald’s, Starbucks, and UNIQLO, as well as over 20 million local retailers across Southeast Asia and Nigeria. Powered by AEON Pay, AEON’s Web3 mobile payment product available via...

by PRNewswire

Crypto Currencies

Bybit Report: Reg Tailwinds Boost Coinbase Despite High Valuation

July 7, 20256 min

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released a new Bybit TradFi x Crypto Report looking beyond PEs in evaluating the growth potential of Coinbase Global Inc. (NASDAQ: COIN). While the U.S.-based cryptocurrency exchange trades at premium valuations, positive regulatory momentum, institutional acceptance, and Coinbase’s strategic product launches position it for continued top-line expansion. The latest report follows a recent analysis tracking Circle’s ascend, the new stablecoin darling on Wall Street whose initial public offering...

by PRNewswire

Insurance

ZhongAn Raises $500M in H Share Placement for Growth

July 7, 20253 min

ZhongAn Online P & C Insurance Co., Ltd. (“ZhongAn” or the “Company“; HKEX: 6060) announced on July 4 the successful completion of its H share placement, raising gross proceeds of approximately HK$3.92 billion (US$500 million). This marks the Company’s first equity financing since its 2017 IPO and signifies a major milestone in advancing its growth strategy. A total of 215 million new H shares were issued at HK$18.25 per share, representing approximately 12.76% of the Company’s enlarged share capital. The placement achieved...

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