BRIEF TRANSMISSIONS

BRIEF TRANSMISSIONS

Bridge Information Systems Inc. completed a private placement of equity with Prudential Venture Partners II and Morgan Capital Corp. Bridge won't provide further details. But sources say placement was valued at between $13 million and $16 million, dependent on performance criteria.

Reuters Holdings PLC halted development of Equitron, U.S. exchange-listed securities product that was to provide quotations for 45,000 securities and scrolling news. Part of Reuters' strategy to penetrate North

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Waters Wrap: GenAI and rising tides

As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.

Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

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