Hedge Fund Dashboard:
Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!
You’d trust Nasdaq to keep you out of trouble with technology, right?
Figuring out which of your clients and counterparties are using you to launder money is (arguably) hard and (inarguably) expensive. The good news is that you only really have to go through the motions to avoid getting in trouble for it, although for some reason even this has proven insuperably difficult (or not cost-effective) for many supposedly sophisticated and well-capitalized institutions. So perhaps they would like to outsource this difficulty to some software run by another institution that has definitely not proven itself unwilling and/or incapable of operating and maintaining even the most critical technological systems underlying its most basic and essential functions? Nasdaq certainly hopes so.
Exchange operator Nasdaq Inc said on Thursday it would buy anti-financial crime software firm Verafin for $2.75 billion in cash, significantly expanding its reach in the regulatory technology market…. Nasdaq will aim to provide Verafin’s technology to the 250 banks, exchanges, broker-dealers and buy-side organizations, and regulatory authorities, that use its trade surveillance systems, the company said.
Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion [Reuters]
Today's Hedge Fund Headlines:
Access Over 250K+ Industry Headlines, Posts and Updates
Join AlphaMaven
The Premier Alternative Investment
Research and Due Diligence Platform for Investors
Free Membership for Qualified Investors and Industry Participants
- Easily Customize Content to Match Your Investment Preferences
- Breaking News 24/7/365
- Daily Newsletter & Indices
- Alternative Investment Listings & LeaderBoards
- Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
- Company Directory
- Contact Directory
- Member Posts & Publications
- Alpha University Video Series to Expand Investor Knowledge
- AUM Accelerator Program (designed for investment managers)
- Over 450K+ Industry Headlines, Posts and Updates
