Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

Posts Tagged ‘financial’

What would happen if financial markets crashed?

Posted by fidest press agency su mercoledì, 16 febbraio 2022

This week we ask: what would happen if financial markets crashed? America’s financial system looks nothing like it did before the crashes of 2001 and 2008, yet lately there have been familiar signs of froth and fear on Wall Street: wild trading days on no real news, sudden price swings and a queasy feeling among many investors that they have overdosed on techno-optimism. America’s new-look financial system is still loaded with risks . Asset prices are high; interest rates are rising. If big losses materialise, the question is whether the system will safely absorb them or amplify them. The answer is not obvious, for finance has been transformed over the past 15 years by the twin forces of regulation and technological innovation. Banks have been made safer, but also less pivotal. Risk has been pushed into shadow banks and investment funds. And although the new system is more decentralised, it still relies on transactions being channelled through a few nodes that could be overwhelmed by volatility. The financial system may be in better shape than it was in 2008, but it faces a stern test.Zanny Minton Beddoes Editor-In-Chief The Economist

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Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business

Posted by fidest press agency su martedì, 13 aprile 2021

Ameriprise Financial, Inc. (NYSE: AMP) announced that it has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for £615 million, or approximately $845 million. The all-cash transaction adds $124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions.The acquisition will further accelerate Ameriprise’s core strategy of growing its fee-based businesses and increase the overall contribution of Wealth Management and Asset Management within its diversified business. Together with BMO’s EMEA asset management business, Ameriprise will have more than $1.2 trillion of assets under management and administration.The acquisition complements Columbia Threadneedle Investments’ core business and global growth strategy, adding a substantial presence in the European institutional market and considerably expanding its investment capabilities and solutions to meet growing client demand. The addition of BMO’s EMEA asset management business will increase Columbia Threadneedle’s AUM to $671 billion. It will significantly increase EMEA AUM and expand AUM in the region to 40% of total Columbia Threadneedle AUM.In addition, the acquisition establishes a strategic relationship with BMO Wealth Management giving its North American Wealth Management clients opportunities to access a range of Columbia Threadneedle investment management solutions. Separately, in the U.S., the transaction also includes the opportunity for certain BMO asset management clients to move to Columbia Threadneedle, subject to client consent.The transaction is expected to be accretive in 2023 and to generate an internal rate of return of 20%. Given the firm’s substantial excess capital position and free cash flow generation, the company’s capital return strategy remains on track. Ted Truscott, Chief Executive Officer, Columbia Threadneedle Investments, said, “Adding BMO’s EMEA asset management business is an exceptional growth opportunity. The transaction advances our strategy and enhances our geographic and asset class diversification, enabling us to serve more clients and meet more of their needs. Critical to this opportunity is the strong alignment between our organizations. We share a client-centric culture, fundamental belief in active management, collaborative and research-based investment approach, and long-held commitment to responsible investment principles.”Truscott concluded, “Establishing a new strategic relationship with BMO Wealth Management is an important benefit of the transaction. We will bring an even stronger set of capabilities to serve the needs of their Wealth Management clients in Canada and the U.S.” Joanna Rotenberg, Group Head, BMO Wealth Management, said, “Columbia Threadneedle Investments is a strong strategic and cultural fit for our EMEA asset management business and is well positioned to take it to the next level of growth by extending its reach, scale and investment capabilities. We look forward to our strategic relationship and offering our North American Wealth Management clients opportunities to access a wide range of Columbia Threadneedle investment management solutions.”

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The evolutionary financial product

Posted by fidest press agency su venerdì, 23 ottobre 2020

After the completion of the first very successful phase, in which CROWDLITOKEN AG was able to issue digital real estate bonds worth over CHF 16 million, the Liechtenstein Fintech company is once again strengthening itself with well-known names from the business world during the preparations for its next round of financing. At the beginning of this year, Remo Weibel was already announced as Chairman of the parent company CROWDLI AG and is now also involved in the evolutionary financial product of CROWDLITOKEN AG. With Michael Escher, an experienced and highly qualified manager has joined the company, who will also accompany the management in his role as delegate of the board of directors.With the election of the new Board members, the Board of Directors of CROWDLITOKEN AG and its parent company CROWDLI AG have been unified. This streamlining of structures will allow the Board of Directors to make future decisions even faster and more agile and to accelerate the implementation of the strategic orientation. The Board of Directors now consists of Ernst Sutter (Chairman), Martin Züger (Vice Chairman), Michael Escher (Delegate of the Board of Directors), Roger Bigger, Toni Caradonna, Hans Eggenberger, Hans Kuhn and Remo Weibel. The members of the Board of Directors Bruno Benaglio, Renato Fassbind, Stephan Gauer and Felix Helling are stepping down in order to streamline the Board of Directors and will continue to serve as advisors. In addition, members of the Board of Directors and the Advisory Board are underlining their confidence in CROWDLITOKEN’s forward-looking product by making further investments in the company. With the imminent publication of the online investor portal, where investors can put together their own real estate portfolio using digital real estate bonds, the next milestone is already planned for this year. CROWDLITOKEN AG is proud to be the first company in Europe to publish an investor portal of this kind and to be able to count on the confidence of the Board of Directors. “We are pleased to work with the new Board of Directors. We can also proudly look back on what we have achieved so far and would like to express our sincere thanks to the current and departing Board members”, says Domenic Kurt, CEO CROWDLITOKEN AG.

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MEPs quiz EU financial supervisors

Posted by fidest press agency su venerdì, 16 ottobre 2020

MEPs on Monday evening quizzed the three bosses of the EU’s financial watchdogs, primarily on non-performing loans, Wirecard, Brexit and the pandemic effects on the financial sector. Jose Manuel Campa, Chairman of the European Banking Authority (EBA), Steven Maijoor, Chairman of the European Securities and Markets Authority (ESMA), and Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority (EIOPA) fielded questions from the MEPs of the economic and monetary affairs committee.MEPs asked for more details on the EU financial system’s preparedness for Brexit, especially in the case of no-deal, and for dealing with a spike of non-performing loans as a result of the pandemic’s considerable negative effect on the economy. They also sought their interlocutors’ views of how banks and insurers could better help the economic recovery, including by passing on negative interest rates to consumers, and better supporting SMEs.MEPs were also interested in obtaining more information on when ESMA had first been informed about problems with Wirecard, and when it would be publishing its findings. Mr Maijoor confirmed that ESMA was first informed at the time of short selling restrictions on Wirecard (early 2019), and that his authority would publish its findings by the end of October.MEPs also asked questions on what should be done to avoid the ever-repeating scandals, the latest of which being the FINCEN files. They also questioned the reasons for the big differences in the development of capital markets among member states, and the role of investors in reaching the long-term climate objectives.

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CSI Launches Initiative to Promote Better Financial Health for Seniors

Posted by fidest press agency su lunedì, 2 dicembre 2019

The Canadian Securities Institute (CSI), a Moody’s Analytics company, is pleased to announce the launch of its Financial Health for Seniors project. Through this initiative, CSI will equip financial advisors with free resources for advising seniors and their families.
Over the next 20 years, Canada’s population of seniors aged 65 and older is expected to grow by 68%. By 2030, this demographic could represent 23% of Canada’s total population. To understand the issues financial advisors in Canada face when advising seniors, CSI sought feedback from a representative sample of its 9,000 designation holders. Many of the respondents indicated that they find it difficult to recognize and properly handle the unique challenges facing their senior clients.

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Accenture Introduces Offering to Help Financial Institutions Combat Financial Crime and Comply with Regulations

Posted by fidest press agency su domenica, 24 novembre 2019

Accenture (NYSE: ACN) has introduced a compliance-as-a-service offering to help financial institutions, fintech and technology companies cost-effectively combat financial crime and comply with related regulations.
Navigating the regulations that combat financial crime can be very expensive, and financial institutions have incurred hundreds of millions of dollars in penalties for failing to prevent parties from disguising illegally obtained funds as legitimate income. It is estimated that financial services firms globally will spend 4% of total revenues, on average, on compliance-related activities, with that figure expected to rise to 10% by 2021.Accenture’s compliance-as-a-service (CaaS) offering provides an end-to-end capability that leverages SynOps — Accenture’s human-machine operating “engine” that synergizes data, applied intelligence, digital technologies and exceptional talent — to help financial institutions manage the scope and complexity of the ever-changing regulatory and compliance environment.Designed to serve the compliance departments of banks, insurers, capital markets and other organizations, the CaaS offering —which expands Accenture’s managed service capabilities — delivers a variety of comprehensive managed services, including: Know Your Customer (KYC): Tools and capabilities that help businesses verify the identity of clients and assess their suitability, along with the potential risk of illegal intentions in a business relationship. One large bank using this capability reduced case processing times by 15% and significantly reduced false positives.
Anti-Money Laundering (AML): Intensive measures to enable low- and high-risk customers to comply with AML regulations, including transaction monitoring and alert management. For example, newly fortified AML controls recently helped a large bank achieve quality ratings greater than 95% and eliminate future quality assurance backlogs. Compliance and controls testing, combined with governance, analytics and continuous reporting. Contract lifecycle management, improved by transformational technologies, process and data strategies for London Interbank Offered Rate (LIBOR) contracts. Privacy data management, to ensure data practices keep pace with changing privacy regulations.

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Medallion Financial Corp. to Attend Upcoming Investor Conferences

Posted by fidest press agency su giovedì, 7 novembre 2019

Medallion Financial Corp. (Nasdaq: MFIN, “Medallion Financial” or the “Company”) announced today that the Company will attend the following upcoming investor conferences:
On Thursday, November 14, 2019, the Company will be holding one-on-one meetings at the Sandler O’Neill East Coast Financial Services Conference at The Ritz-Carlton in Naples, Florida. For those interested in having a meeting with Medallion Financial, please contact your Sandler O’Neill representative.
On Thursday, December 12, 2019, the Company will be holding one-on-one meetings at the Jefferies’ Crossover Consumer Finance Summit at The New York Palace in New York City. For those interested in having a meeting with Medallion Financial, please contact your Jefferies representative.
If there is an interest to have a meeting with management outside of the conferences, please contact the Company’s Investor Relations Department.

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Breedon Group plc Transforms Financial Processes With Rimilia’s Artificial Intelligence Software

Posted by fidest press agency su sabato, 2 novembre 2019

Rimilia, a financial technology company, today announced that Breedon Group plc, the leading construction materials group in Great Britain and Ireland, implemented Rimilia Cash™ to automate their cash application processes and make their credit collection teams more effective.Breedon operates 80 quarries, 2 cement plants, 40 asphalt plants, 170 ready-mixed concrete and mortar plants, 9 concrete and clay products plants, 4 contract surfacing businesses, 6 import/export terminals, and 2 slate production facilities.
The Breedon Group was searching for ways to more efficiently manage their large volume of payments and the resource-heavy process required to apply these payments. They selected Rimilia Cash, an artificial intelligence (AI) software, to alleviate some of the manual burden of matching payments to invoices.Rimilia Cash was implemented across Breedon Group’s entire business and integrated with their accounting system, Infor SunSystems. As a result, Breedon Group was able to auto-match 82% of their payments and significantly reduce the amount of unapplied cash. The credit collection teams are now more efficient and have access to more accurate information, plus the Breedon Group was able to increase cash flow.

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AM Best Financial Analyst to Lead Innovation-Focused Session at Farm Bureau Event

Posted by fidest press agency su sabato, 20 luglio 2019

AM Best will participate at the Farm Bureau Insurance National Underwriting Executive Conference, which will take place July 28-31, 2019, in Deadwood, SD.AM Best Financial Analyst Dan Hofmeister will lead a session, titled, “Innovation and How it Affects Ratings,” on Monday, July 29, at The Lodge at Deadwood Resort. AM Best believes the increased pace of change in society, climate and technology has made innovation increasingly critical to the long-term success of all insurers; and subsequently, the rating agency released a draft criteria procedure, titled, “Scoring and Assessing Innovation.” Hofmeister will discuss AM Best’s views on innovation and the draft criteria procedure.Hofmeister is responsible for a ratings portfolio consisting of regional and local insurers in the United States. He also has conducted internal analytical training courses for newer analysts, with specializations that include farm bureaus.

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E*TRADE Financial Corporation Announces Second Quarter 2019 Earnings Conference Call

Posted by fidest press agency su mercoledì, 3 luglio 2019

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that it will report its second quarter 2019 financial results after the close of the US financial markets on Thursday, July 18. The Company will host a conference call to discuss the results at 5 p.m. ET. Domestic participants can access the call directly by dialing 800-705-7259 while international participants should dial +1 303 223 2693. A live audio webcast and replay will also be available at
E*TRADE Financial and its subsidiaries provide financial services, including brokerage and banking products and services, to retail customers. Securities products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC. Investment advisory services are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC, Member NFA. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are federal savings banks (Members FDIC). E*TRADE Securities LLC, E*TRADE Capital Management, LLC, E*TRADE Futures LLC, E*TRADE Bank, and E*TRADE Savings Bank are separate but affiliated companies. More information is available at

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First American Financial Announces Second Quarter 2019 Earnings Conference Call

Posted by fidest press agency su venerdì, 28 giugno 2019

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that it will host a conference call on Thursday, July 25, 2019, at 11 a.m. EDT.
The call will follow the release of the company’s earnings results for the second quarter of 2019, which is scheduled earlier that day at 6:45 a.m. EDT.The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at or by dialing toll free 877-407-8293. Callers from outside the United States may dial 201-689-8349.An audio replay of the conference call will be available through August 8, 2019 by dialing 201-612-7415 and using the conference ID 13692064. An audio archive of the call and a copy of the second-quarter 2019 earnings release, including the financial information contained therein, will also be available on First American’s investor website.At the present time, the company expects to release its third-quarter earnings on Thursday, Oct. 24, 2019 at 6:45 a.m. EDT and host a conference call at 11 a.m. EDT on the same day.

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Presentation materials for the Prudential Financial Inc.

Posted by fidest press agency su venerdì, 14 giugno 2019

(NYSE: PRU) conference are now available at Prudential’s Investor Relations website, The conference begins on Wednesday, June 12, 2019 at 2:00 p.m. ET. The general public is invited to access a live webcast of the conference on the Investor Relations website. A replay of the conference will also be available on the Investor Relations website through June 26, 2019.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of March 31, 2019, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.

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First Financial Corporate Services, Inc. to Join JA Mitsui Leasing, Ltd. Family of Companies

Posted by fidest press agency su venerdì, 14 giugno 2019

First Financial Corporate Services, Inc. (FFCSI) a major independent provider of equipment leasing and financial solutions in the U.S. and Canada today announces the signing of a definitive acquisition agreement with JA Mitsui Leasing, Ltd. Under the agreement, JA Mitsui Leasing, Ltd. (JAML), headquartered in Tokyo, through its subsidiary JA Mitsui Leasing USA Holdings, Inc. will acquire 100 percent of First Financial Corporate Services, Inc. and the majority of its holdings.JA Mitsui Group (JAMG) is expanding operations in North America, and will combine FFCSI’s infrastructure, expertise, and people with JAMG’s financial strength and customer network to expand leasing services offered in North America.Established in 2000, FFCSI helps customers acquire new technologies in three key markets: Healthcare, Warehouse Automation, and Information Technology. “Over the years, our dedication to these core markets has proven that we have the knowledge needed to provide our customers with creative solutions while evolving in these dynamic markets,” said Tom Slevin, FFCSI’s Co-Founder & Co-President. “Our new relationship with JA Mitsui will provide tremendous opportunities for us to expand our presence while exploring new opportunities to reach a broader customer base.” Richard Stebbins, FFCSI’s Co-Founder & Co-President added, “we are very pleased to join the JA Mitsui leasing family and serve as the cornerstone of their growth strategy throughout the U.S. and Canada. Upon completion of the acquisition, our current management and team will remain in place, and the company will continue to use the First Financial Corporate Services, Inc. brand we have built. Our customers, vendors and partners will continue to receive the same outstanding service and support that have been the building blocks of First Financial for almost 20 years.”
“Ours is a people-based business and our long-term success truly belongs to our remarkable team who continually elevate the customer experience and are experts in their respective industries,” noted John Sandoval, FFCSI’s CFO & COO. “During this integration, I look forward to growth opportunities as we extend our services into new markets and leverage JA Mitsui’s great people, customer relationships and brand recognition.”

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Chemical Financial Corporation and TCF Financial Corporation Shareholders Approve Merger of Equals

Posted by fidest press agency su domenica, 9 giugno 2019

Chemical Financial Corporation (Chemical) (NASDAQ: CHFC) and TCF Financial Corporation (TCF) (NYSE: TCF) today jointly announced that at separate special meetings held today, each company’s shareholders approved the proposed merger of equals in which TCF will merge into Chemical. The combined holding company and bank will be headquartered in Detroit, Michigan and operate under the TCF name and brand following the closing of the transaction.“I am encouraged by the strong level of shareholder support received for this partnership and the accelerated shareholder value we expect it to create,” said Craig R. Dahl, TCF chairman and chief executive officer. “This positive shareholder response demonstrates a broad recognition of the shared strategic vision and complementary strengths of the two organizations. We look forward to bringing together the best of both banks to benefit our shareholders, customers, employees and the communities we serve.” “Today’s vote was an important step for us as we move forward with our focus on creating a premier Midwest bank,” said Gary Torgow, Chemical’s executive chairman. “As we become one company, we will be able to provide a more robust product set to a broader customer base, with limited overlap and disruption. With our increased scale and an enhanced competitive position, our new organization will be poised to thrive in today’s evolving banking environment.” Upon completion of the merger, the combined company will have over $45 billion in total assets and be a top 10 bank in the Midwest based on deposit market share. With over 500 combined branches across nine states, the new organization will have a substantial presence in key Midwest markets including Detroit, Chicago, Minneapolis, Milwaukee and greater Michigan.
The merger is expected to close in the third quarter or early fourth quarter of 2019, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals.

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Blackstone to Present at the Morgan Stanley Financials Conference

Posted by fidest press agency su domenica, 2 giugno 2019

Blackstone (NYSE:BX) announced today that Jon Gray, President & Chief Operating Officer, is scheduled to present at the Morgan Stanley Financials Conference on Wednesday, June 12, 2019 at 12:00 pm ET.A live webcast of the presentation will be available on the Shareholders section of Blackstone’s website at For those unable to listen to the live audio webcast, a replay will be available on Blackstone’s website shortly after the event.
Please direct any questions regarding the webcast to Blackstone’s Shareholder Relations group at
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with $512 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on Twitter @Blackstone.

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Head of Financial Institutions, UK and Europe

Posted by fidest press agency su venerdì, 31 Maggio 2019

Starr Insurance Companies today announced the appointment of Andrew Hopper as Head of Financial Institutions for the UK and Europe. Hopper joins Starr on June 3 and will be responsible for the strategy and profitable growth of the Financial Institutions division.
Prior to Starr, Hopper was a senior client executive within the FinPro Practice at Marsh in London.“Andrew brings more than 17 years of financial industry insurance experience on both the broker and carrier sides of the business,” said Liz Ilott, chief underwriting officer, Financial Lines, Starr Underwriting Agents Ltd (SUAL). “He’s developed smart risk management solutions for large financial institutions throughout his career, including banks, asset managers, and life insurance companies, with a solid track record of driving revenue growth for his employers. His leadership will help us to develop new channels and strengthen our client and partner relationships.”

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Visa Chief Financial Officer Vasant Prabhu Appointed Company Vice Chairman

Posted by fidest press agency su domenica, 26 Maggio 2019

Visa Inc. announced today that Vasant Prabhu, Executive Vice President, Chief Financial Officer and member of the Executive Committee, will take on the added title of Vice Chairman for the global payments technology company.As part of his expanded role, Prabhu will take an active role in representing Visa at payments industry forums and serving as a valuable voice with key constituents on business issues of strategic importance to Visa and its clients. Additionally, he will provide strategic counsel on major initiatives and geographies important to Visa’s future growth.“I have extraordinary respect for Vasant,” said Al Kelly, Visa CEO. “He is a strong strategist with a deep knowledge of our business, and is very well regarded in the industry. This expanded role will enable us to leverage his expertise in new and meaningful ways.” Prior to joining Visa, Prabhu worked at NBCUniversal Media, LLC, as Chief Financial Officer, overseeing the company’s finance function as well as the operations and technical services division. Prior to joining NBCUniversal in 2014, Prabhu served as the chief financial officer for Starwood Hotels & Resorts Worldwide, Inc. since 2004.In 2010, Prabhu was named Vice Chairman of Starwood. At Starwood, he was responsible for all financial functions, information technology and a range of corporate functions. He also served as Executive Vice President and Chief Financial Officer for Safeway Inc., and held senior leadership roles at The McGraw-Hill Companies, Inc., PepsiCo, Inc. and Booz, Allen & Hamilton. Prabhu holds a B.S. in Engineering from the Indian Institute of Technology and an MBA from the University of Chicago.

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Deutsche Bank Global Financial Services Conference

Posted by fidest press agency su giovedì, 23 Maggio 2019

Unum Group (NYSE: UNM) announced that Mike Simonds, President & CEO, Unum US, will be representing the company at the Deutsche Bank Global Financial Services Conference, Tuesday, May 28, 2019, in New York City.Simonds is scheduled to speak at 1:10 p.m. eastern and will discuss the company’s business strategy and future growth prospects. There will be a live audio webcast of the presentation available on the Investors section of the company’s website,, on the News and Events page.
Unum Group is a leading provider of financial protection benefits in the United States and the United Kingdom and the largest provider of disability income protection in the world. Its businesses are Unum US, Colonial Life, Unum UK, and Unum Poland. Unum’s portfolio includes disability, life, accident and critical illness, dental and vision coverage, which help protect millions of working people and their families in the event of an illness or injury. Unum also provides stop-loss coverage to help self-insured employers protect against unanticipated medical costs. The company reported revenues of $11.6 billion in 2018, and provided $7.2 billion in benefits.

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Fitch Upgrades Financial Strength Ratings of Athene’s Operating Companies to ‘A’

Posted by fidest press agency su giovedì, 2 Maggio 2019

Fitch Ratings (“Fitch”) announced it has upgraded the Insurer Financial Strength (IFS) ratings of Athene Holding Ltd.’s (“Athene”) (NYSE: ATH) operating companies to ‘A’ (strong) from ‘A-’ (strong). At the same time, Fitch has also upgraded the Long-Term Issuer Default Rating (IDR) of Athene Holding Ltd. to ‘BBB+’ from ‘BBB’. Fitch’s ratings and analysis are intended to assess the level of corporate financial strength and creditworthiness. The ‘A’ financial strength rating is Fitch’s third highest rating category, reflecting high credit quality and low default risk.“This upgrade reflects our superior financial results, very strong capital position and our increasing business diversification from our multi-channel distribution platform,” said Jim Belardi, CEO of Athene. “We are proud that S&P, A.M. Best and now Fitch have all recognized Athene with ‘A’ ratings, and we look forward to additional ratings upgrades in the future. Our increasing presence in the marketplace as an A-rated company will enable us to establish new partnerships and expand our reach as a financial solutions provider to a broader market.” Fitch cited Athene’s very strong earnings and financial performance as key drivers behind the upgrade, as well as Athene’s maintenance of strong balance sheet fundamentals. The rating agency noted, “Athene’s improved business profile has been driven by expansion into adjacent product lines, expanded distribution and increased business volumes as the company has maintained its strong presence in the fixed annuity market and increasing its presence in the pension risk transfer business.”

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Assessing Business Partners’ Financial Health Got Easier

Posted by fidest press agency su mercoledì, 3 aprile 2019

When it comes to choosing business partners, financial viability is a critical factor. And SAP Ariba and RapidRatings just made it easier to assess. RapidRatings’ Financial Health System now integrates with SAP Ariba Supplier Risk to incorporate financial viability data into overall vendor risk profiles making it even easier to make smart, informed business decisions.Customers around the world rely on SAP Ariba Supplier Risk to make well-informed business decisions that help them to avoid unnecessary risk and prevent supply chain disruption. RapidRatings has joined the ever-expanding ecosystem of SAP Ariba partners leveraging open APIs to extend the value of SAP Ariba Supplier Risk with its financial health data and analysis. Now with integration to financial health scores from RapidRatings, customers can further round out their view of suppliers and incorporate financial viability information in vendor risk profiles to make timely and contextual business decisions and improve collaboration with trading partners.RapidRatings’ Financial Health System conducts sophisticated analysis of financial health – analysis most category managers have neither the time nor the expertise to conduct – enabling more informed business decision making. The foundation of the analysis is a single numerical financial health rating of 0-100 called FHR®. RapidRatings creates the FHR by measuring every company against its global industry peers, whether publicly traded or privately held. Its process is to source and integrate the financial statements of third-party companies, suppliers, vendors, customers and securities issuers to ensure accuracy and scalability.

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