" " BondIT Secures $14 Million in Funding in Round Led by BNY Mellon – Financial Tips " "
Financial Tips
Advertisement
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
Financial Tips
No Result
View All Result
Home Banking

BondIT Secures $14 Million in Funding in Round Led by BNY Mellon

admin by admin
December 8, 2022
in Banking


  • Fixed income technology innovator bondIT has raised $14 million in new funding.
  • The investment round was led by BNY Mellon and brings bondIT’s total equity capital to more than $32 million.
  • bondIT made its Finovate debut at FinovateFall in 2016.

Credit analytics and fixed income technology company bondIT has raised $14 million in new funding. The strategic investment was led by BNY Mellon and featured the participation of existing investors, as well. BNY Mellon will join bondIT’s Board of Directors as part of the investment. Valuation information was not provided when the funding was announced but, according to Crunchbase, the funding brings bondIT’s total equity capital to more than $32 million.

“This investment will help us accelerate innovation and offer clients a unique holistic solution for fixed income investing,” bondIT founder and CEO Etai Ravid said. “As bond investors are keen to lock in higher yields, our versatile technology and data-driven approach can help them increase automation to improve efficiency and performance, and better mitigate risk.”

Headquartered in New York and Herzliya, Israel, bondIT provides front office investment technology. The company leverages data science, explainable AI, and other advanced technologies to enable its customers to build, analyze, and manage investment portfolios. bondIT’s technology helps its clients accomplish in minutes what previously took hours or even days. Predictive credit analytics enable bondIT customers to anticipate potential changes in corporate credit risk and take advantage of potential investment opportunities before they manifest themselves in the market

“Collaborating with bondIT will allow us to deliver innovative digital solutions for fixed income investors by enabling investment professionals to explore new investment options more easily through the use of AI, further expanding their portfolio optimization capabilities for clients,” BNY Mellon MD John Goodheart said.

bondIT’s relationship with BNY Mellon extends back to 2021, when bondIT participated in BNY Mellon’s startup accelerator program. In the months since then, bondIT added David Curtis as Partner and Head of Global Client Business, and teamed up with MEAG, the asset manager of Munich Re and ERGO. The MEAG partnership, announced almost exactly one year ago, will digitize MEAG’s credit risk workflows. The Munich, Germany-based company will also use bondIT’s Scorable Credit Analytics to enhance its own credit research processes. A component of bondIT’s fixed income technology solutions suite, Scorable Credit Analytics analyzes more than 250 data points a day and translates raw data from a wide variety of financial and market data sources to provide actionable insights for investors.

“Working with bondIT is another important step in driving technological progress across our organization,” MEAG CIO of Public Markets Prashant Sharma said. “We aim to continuously increase the quality and efficiency of our investment process, and technology plays a crucial part in this.”


Photo by Pixabay



Source link

Previous Post

Bank Automation Summit US 2023 announces tech, strategy tracks

Next Post

AvidXchange Taps Wise to Power Cross-Border Payments Solution

Next Post

AvidXchange Taps Wise to Power Cross-Border Payments Solution

Recommended

Silver Rallies 7% Rising Past $20 per Ounce, US Mint Says Fabricators Are ‘Struggling to Keep up With Demand’ – Economics Bitcoin News

November 5, 2022

A Deep Dive Into Their Similarities & Differences

December 8, 2022

Don't miss it

Investment

Book Review: Investing in the Era of Climate Change

January 27, 2023
News

Biden’s “Renters Bill of Rights” Is Here — Is Nationwide Rent Control Coming?

January 27, 2023
Investment

ADU Real Estate Investing: Is It Worth It?

January 27, 2023
News

The Best Reason To Retire Early: Years Of Greater Happiness

January 27, 2023
Digital Payment

Scottie Pippen SP33, Murder Head Death Club, Kanpai Pandas, Claynosaurz and more collections added to Kraken NFT

January 27, 2023
Digital Payment

FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight – Bitcoin News

January 27, 2023

© 2022 Financial Tips News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

© 2022 Financial Tips News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/