Finance

Finance Cloud Market Report 2020: Rising Impressive Business Opportunities Analysis Forecast By 2025

3 months ago Amanda T. Noriega

The MarketWatch News Department was not involved in the creation of this content.

Jan 22, 2021 (AmericaNewsHour) —
Market Analysis:
The global finance cloud market was valued at USD 10.20 billion in 2016 and is projected to reach USD 76.54 billion by 2025, growing at a CAGR of 25.10% from 2017 to 2025.

Market Definition:
Cloud computing is a revolutionary concept that is being considered by many banks and financial industries. With Cloud computing large banks as well as many other financial industries can expect many enormous benefits. Many financial services firms avoid it for one reason that is security. However, security in the cloud has advanced significantly, and now there are many benefits of cloud computing in financial sector including enhanced security, reduced infrastructure and maintenance cost, and increased business agility.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Vested Finance Raises $3.6 Million USD to Bring U.S. Stocks to Indian Investors

3 months ago Amanda T. Noriega

SAN FRANCISCO and MUMBAI, India, Feb. 4, 2021 /PRNewswire/ — Vested Finance, a Silicon Valley-based online investment platform that enables Indian investors to invest in the U.S. stock market, today announced it has raised a $3.6 million seed funding round with participation from Moving Capital, Ovo Fund and TenOneTen Ventures in the U.S., and Inflection Point Ventures and Venture Catalysts in India. The company will use the new funds to accelerate product development and hire talent across the U.S. and India.

Vested is on a mission to enable sustainable wealth creation by allowing local investors to invest globally. Founded two years ago, the company saw rapid growth in 2020. Money deposited into Vested accounts grew 26x over the last twelve months, along with a 5x increase in U.S. brokerage accounts opened through the platform. Vested processed more than $100 million in trades in 2020, and more than half of

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Vested Finance Raises $3.6 Mn From Moving Capital And Others

3 months ago Amanda T. Noriega

The company will use the new funds to accelerate product development and hire talent across the US and India

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Silicon Valley-based online investment platform Vested Finance that enables Indian investors to invest in the US stock market, on Friday announced it has raised a $3.6 million seed funding round with participation from Moving Capital, Ovo Fund and TenOneTen Ventures in the US, and Inflection Point Ventures and Venture Catalysts in India.

The company will use the new funds to accelerate product development and hire talent across the US and India.

The zero-commission platform facilitates simple, seamless cross-border investment and diversification opportunities.

“Individuals in India

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RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation Announce Preferred Dividends

3 months ago Amanda T. Noriega

CHICAGO–(BUSINESS WIRE)–Jan 21, 2021–

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. and RiverNorth Specialty Finance Corporation are each pleased to announce the declaration of preferred dividends for the first quarter of 2021, as detailed below.

The Board of Directors of RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. has declared a quarterly cash dividend of $0.27344 per share of the Fund’s 4.375% Series A Cumulative Preferred Stock (NYSE: OPPPRA).

The Board of Directors of RiverNorth Specialty Finance Corporation has declared a quarterly cash dividend of $0.36719 per share of the Fund’s 5.875% Series A Term Preferred Stock (NYSE: RPML).

The following dates apply to each dividend declared:



Ex Date

Record Date

Payable Date

February 1, 2021

February 2, 2021

February 16, 2021

About RiverNorth

RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $4.4 billion 1 in assets under management as of December 31, 2020, RiverNorth specializes in opportunistic investment strategies

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US-Analytics and MindStream Strategically Align to Improve and Expand Solutions to Bring Digital Transformation to Finance Teams | News

3 months ago Amanda T. Noriega

DALLAS, Feb 4, 2021 /PRNewswire/ — US-Analytics and MindStream, two organizations dedicated to designing solutions that help enterprise businesses improve their financial planning, budgeting, reporting, and analytics, are proud to announce an expanded strategic alliance that will help meet the CFOs’ growing demand for digital transformation initiatives in the workplace.

This strategic partnership will increase the size of both firms and provide twice as many resources for support services to customers. With the expansion of this existing long-term partnership, both organizations aim to:

  • Align resources by expertise to serve clients more efficiently in the Americas
  • Blend practice teams, business knowledge, and technical expertise in offering robust solutions to the EPM / CPM / Analytics marketplace
  • Share marketing and client acquisition expenses that will drive mutual profitability
  • Develop New Products and Services to meet the needs of the CFO and the Office of Finance.

US-Analytics is an award-winning Enterprise

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Blue Motor Finance benefits from substantial new equity investment from Cabot Square Capital

3 months ago Amanda T. Noriega

This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential.

Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential. It follows the announcement in December of a new £300m financing facility with a leading international bank and provides Blue with sufficient funding to deliver beyond its 2021 plans.

Blue continues to deliver very attractive investment opportunities characterised by loan portfolios with relatively low average loan sizes, low term lengths, diversity in originations and customer base, good security and predictable low default rates. Blue’s long term consistency and prudency in credit risk policy has supported this investment and their ongoing performance.

Tiku Patel, CEO of Blue Motor Finance commented “In these challenging times, we are delighted that Cabot is willing to further invest

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