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Not to miss the ‘invest in China’ boat, yesterday, Bear Stearns and Citic Securities announced a co-investment partnership agreement. If everything is approved by the regulators, which it likely will be, Bear, the darling of the CDO market, will invest US$1B in the Chinese brokerage, which will convert to a 2% stake over 6 years with the option t...
23 October 2007 Asia Financial Services
The most significant private equity investment in the financial technology sector these past few months was definitely Advent International's (a TA Associates competitor and spin-off) acquisition of a majority stake in Paris-based portfolio and risk management software provider Sophis last July. Sophis provides two main solutions: RISQUE (for sell...
22 October 2007 /regulation Private Equity Investing in Financial Technology
Hello All, I work as an investment professional for TA Associates, one of the world's largest global private equity firms with over $10 billion under management and the leading investor in the financial technology sector. Recent investments of ours include: SmartStream Technologies (trade reconciliation software), OpenLink Software (trading and ri...
22 October 2007
World Bank president Robert Zoellick has told the Financial Times that the bank plans to solicit private sector contributions to the International Development Association. This is the tip of the strategic iceberg, the first of what will likely be several important moves by Mr. Zoellick to encourage and increase private sector investment in intern...
19 October 2007
You're lovely, fancy a date? According to price comparison service uSwitch, a poll of 2000 adults reveals that the Brits send 235 million flirty text messages a month. We're a romantic lot. That equates to 3 billion quid a year. It's not clear whether this has seasonal variations - Valentines, office Xmas party season etc but it's a huge amount. ...
19 October 2007 Whatever...
A few days ago, The Register reported that a California court had allowed a class action case to proceed against retail giant Target. This set me thinking - how long before the websites (&, other, presences) of the BFSI (banking, financial services, insurance) sector are put under the scanner? Web accessibility is not a new topic - the gover...
18 October 2007
For the past few weeks, most of the major news in China has centred on the Communist Party Congress. This is an pretty important event in China that happens once every 5 years and usually results in a number of far-reaching policy and people changes throughout the country and government. What has slipped under the radar during all the coverage ...
18 October 2007 Asia Financial Services
Back in June I mentioned the Great ukelele shortage - well it seems the growth in popularity of the instrument continues apace according to this in the Guardian. It's now taking over from the humble recorder as instrument of choice in schools. So Fintech community types - what do you play? I heard Sex Panther had one.
17 October 2007 Whatever...
China's policy of extending loans to impoverished nations in Africa as a means to secure natural resources contracts has drawn considerable scrutiny. In November, 2006, Beijing pledged $5 billion in preferential loans and buyers credits, and most recently at a June meeting of the African Development Bank, unveiled a $20 billion loan package. China...
16 October 2007
The Apple store disappeared earlier today with a "back soon" notice on it. When it reappeared, I spied you can now order Mac OS X v10.5 Leopard for shipping by October 26th. Various Mac rumour sites had been touting this as a likely date for some time - but it's nice to know it's confirmed as nearly here. There appear to be 300 new feat...
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