Ncontracts acquires Venminder via Hg buyout

Ncontracts, a leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced that it has acquired Venminder, a unified platform for managing third-party risk. Simultaneously with this transaction, Hg has bought out prior Ncontracts shareholder Gryphon Investors (“Gryphon”), as well as prior Venminder shareholders. Hg is a leading investor in software and services businesses and is backing Founder and CEO, Michael Berman, to lead the combined business, which promises...

5 Tips for Business Manage Off-Channel Communications & Avoid Fines

Over recent years, the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and Commodity Futures Trading Commission (CFTC) have increased their scrutiny of off-channel communications. Since 2021 the SEC and CFTC have conducted a number of investigations and levied significant fines and other enforcement action against companies making business communications on personal devices and non-sanctioned platforms. Fines for non-compliance have exceeded $2.7 billion and this has raised the importance of compliance of...

Genesis & Inovotek Solutions to drive financial markets tech innovation

Genesis Global and Inovotek Solutions, an IT consultant and Murex integration specialist, announced they are partnering to accelerate software innovation in the financial markets industry. The firms will apply the power of the Genesis Application Platform and the expertise in Inovotek’s team of more than 60 consultants and developers to rapidly deliver new software and integration work for clients working to enhance their trading, treasury, risk, compliance and other financial industry technologies. “Partnering with consultants like Inovotek...

Fintica AI and Spark Systems of Singapore Form Strategic Partnership

Fintica AI Ltd, a leading provider of next-generation AI for the financial industry, and Spark Systems Pte. Ltd, a leading global foreign exchange trading platform, have announced a strategic partnership. This strategic partnership will enable Spark Systems to accelerate its business development and market reach in Singapore and globally by bringing Fintica AI’s unique unsupervised artificial intelligence technology to its client base. The finance sector in Singapore has witnessed a remarkable transformation in recent years, with the growing importance...

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