Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

Credit Suisse backs NY-based Fintech firm Solve Advisors

Eugene Grinberg

Eugene Grinberg, CEO, and Co-founder Solve Advisors

New York-based Solve Advisors Inc., a fixed income market data aggregator, has received a capital injection from NEXT Investors (a NY-based venture capital arm of Swiss Investment Bank Credit Suisse Group AG).

Financial terms of the deal have not been disclosed yet. However, Solve, a provider of pre-trade price transparency in fixed income markets has announced plans to use the additional funds to boost business’ growth with increased sales and marketing presence, and further product development.

Founded in 2011 by co-founders Eugene Grinberg and Gerard Nealon, the fintech firm has developed a dataset across securitized products, corporate bonds, syndicated bank loans, credit default swaps, and municipal bonds.

SolveQuotes, the company’s flagship product, makes use of proprietary natural language processing and machine learning technology to aggregate and visualize data processed from unstructured messages of clients.

“Recent demand for price transparency has been bolstered by the proliferation of algorithmic trading, Fixed Income ETFs, Best Execution and TCA initiatives,” Grinberg noted.

As part of the investment, Credit Suisse Asset Management’s NEXT Investors will appoint two members to Solve Advisors’ Board of Directors.

Credit Suisse Asset Management’s NEXT Investors identifies minority growth equity investment opportunities in private technology and services companies globally. The team’s portfolio comprises private businesses that interact with the financial services industry across sectors including Market Structure, Financial Technology, Enterprise Software, Data Analytics, and Specialty Finance.

Related IBS Intelligence Research

Related Posts

NAB

NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »