Citi is making a strategic investment in CharIQ, the startup behind a desktop integration platform that links apps together for capital markets firms. Terms were not disclosed.
ChartIQ says that its Finsemble
system links applications together to allow the end user to work smarter with
intelligent, customised workflows.
This allows legacy software to coexist with third-party or new inhouse
applications, solving a pain point for firms looking to embrace modern web
technologies while still supporting older platforms.
Founded in 2012, the Charlottesville-based firm claims some of the world’s
biggest financial institutions among its 300 global clients. The Citi
investment comes on the heels of a $17.4 million Series B funding round.
“This investment shows our confidence in ChartIQ as a leader in smart
desktop technology,” says Kevin Foley, MD, markets electronification,
Citi. “Its solution, Finsemble, has the power to transform user experience
and productivity by linking critical applications together in a seamless
environment.”
SimCorp, a leading provider of investment management solutions and services to the global financial services industry, has…
The UK's major banks are to pump £6.5 million into a project to reform the…
A well-known market intelligence company, Infiniti Research, has announced the completion of their recent article…
German digital bank N26 has launched in the US, beginning a phased roll out of…
Toronto-based fintech, Sensibill, announced that it has secured $31.5 million USD in Series B funding. The…
India’s L&T Infrastructure Finance Co Ltd will get USD 100 million (EUR 88.9m) in debt…