Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

CI Financial and d1g1t Inc. Expand Strategic Alliance To Drive Accelerated Growth Across North America and Globally

Published

on

 

CI Financial Corp. (“CI”) (TSX: CIX), and d1g1t Inc., the first provider of an enterprise wealth management platform powered by institutional-grade analytics and risk management tools, today announced the significant expansion of the strategic alliance between the two firms.

Under the terms of the expanded strategic partnership, d1g1t Inc.’s enterprise wealth management platform will be used to help CI Financial, a global asset and wealth management firm, to modernize its technology platforms and further develop advanced discretionary capabilities within its Assante Wealth Management business and correspondent network services.

The expanded partnership is also expected to allow CI Financial to more easily integrate its acquired U.S.-based registered investment adviser (RIA) firms, which will be able to seamlessly plug into d1g1t’s comprehensive technology platform. This year, CI has acquired RIA firms that manage US$11 billion in client assets (as of August 31, 2020), emerging as one of the top consolidators of independent wealth management businesses in the U.S. market.

“The quality of d1g1t’s leadership team, the strength of its offerings and the singularity of its approach is a combination that none of its competitors within the industry can meet, so expanding our relationship with them was an easy decision,” said Darie Urbanky, President and Chief Operating Officer of CI. “Having the proper technology framework in place is crucial not only to serving our existing businesses but also to expanding our presence internationally, especially in the U.S. wealth management space.”

Mr. Urbanky continued, “In today’s competitive landscape, it isn’t enough to bring financial capital to the table when making acquisitions. It’s also imperative to have technology that not only streamlines the implementation process but elevates the experience for advisors and their clients. The expansion of our strategic partnership with d1g1t augments our capabilities to do all those things for the firms we acquire.”

The expansion of the strategic relationship between CI Financial and d1g1t, Inc. encompasses the following:

  • Assante Wealth Management, one of Canada’s largest providers of wealth management solutions to individuals, families and business owners with approximately $46 billion in assets (as at August 31, 2020), will deliver access to a proprietary d1g1t trading module that provides enhanced discretionary capabilities within separately managed accounts (SMAs) and unified managed accounts (UMAs) for the firm’s 900 financial advisors.
  • CI Investment Services*, a broker-dealer that provides a wide range of innovative brokerage and trading solutions to diverse clients that include portfolio managers, introducing brokers and institutional investors, will offer access for its clients to the full spectrum of the d1g1t technology platform.

“Industry-leading technology is a critical business requirement and essential to both the client and advisor experience,” said Sean EtheringtonAssante President. “The capabilities of the d1g1t platform will elevate our discretionary platform, broaden our recruiting capability, support continued growth in the high-net-worth segment and help fulfill our objective of being the leading wealth manager in every market segment in which we compete.”

Dr. Dan Rosen, co-founder and CEO of d1g1t, Inc., said, “We are excited to build on our strategic relationship with CI to deliver best-in-class technology tools and financial engineering expertise. We look forward to both supporting the robust global expansion plans of CI Financial, while elevating the service experience for the company’s affiliated professionals and their clients. The expansion of our partnership with CI not only validates the unique solutions we provide, but underscores our ability to serve large, diversified financial businesses with ambitious growth plans, across North America, and globally.”

The announcement substantially builds out on the strategic partnership created last year, when CI Financial agreed to deploy the d1g1t’s technology platform across the firm’s advisory businesses and acquired a minority equity stake in d1g1t, Inc.

*CI Investment Services is a registered business name of BBS Securities Inc.

Advertisement

Fintech PR

WSPN Partners with Viction and Ninety Eight Ecosystem to Boost WUSD Adoption and Expand Market Reach

Published

on

wspn-partners-with-viction-and-ninety-eight-ecosystem-to-boost-wusd-adoption-and-expand-market-reach

SINGAPORE, Nov. 5, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce a strategic partnership with Viction, a global Layer-1 blockchain that empowers builders at every level through accessible and scalable infrastructure, along with holistic guidance. In collaboration with the Ninety Eight (formerly known as Coin98) ecosystem, this partnership aims to expand WUSD’s reach, strengthening its role as a stable and accessible digital asset across the evolving Web3 landscape. Together, WSPN, Viction, and Ninety Eight will enhance interoperability, boost liquidity, and drive local market adoption, with a strong focus on growth in emerging markets.

Expanding WUSD as a Native Stablecoin on Viction

WSPN will deploy WUSD natively on Viction, supporting integration across Web3 applications and enhancing liquidity for users and developers. With WUSD as a core asset, Viction’s ecosystem will foster secure, stable transactions, empowering dApps, protocols, and platforms with increased interoperability and cross-chain functionality.

Market Expansion, CEX Listings, and Joint Community Outreach

To expand WUSD’s presence in Vietnam, Viction will tap into its resources alongside the Ninety Eight ecosystem to drive local adoption through strategic partnerships and collaborative community outreach. Listing WUSD on major centralized exchanges will increase accessibility, reaching a broader audience. This joint effort benefits both WSPN and Viction, with WUSD enhancing visibility for Viction’s technology and ecosystem, while Viction’s strong local network and Ninety Eight’s established connections boost WUSD’s growth. Through initiatives like webinars, ambassador programs, and developer workshops, the partnership will engage the community and build a lasting foundation, fostering an understanding of both WUSD’s value and Viction’s strengths.

Collaborative Responsibilities and Support

WSPN will oversee WUSD’s deployment on Viction and foster collaborations within its ecosystem, while Ninety Eight and Viction will support liquidity management, integrating WUSD into the Coin98 Super Wallet and strengthening infrastructure to ensure effective interoperability. Marketing initiatives led by WSPN and Viction will drive awareness and engagement for both ecosystems, reaching institutional audiences and building lasting adoption across the region.

Together, WSPN, Viction, and Ninety Eight are setting a new standard for collaboration in the Web3 space: Uniting technology, community, and accessibility to create a robust ecosystem. By empowering local markets and driving sustainable growth, this partnership is paving the way for a more inclusive, innovative blockchain future. The journey is only beginning, and the potential is limitless.

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Advertisement

Learn more: www.wspn.io | X | LinkedIn

About Viction

Viction is a global layer-1 blockchain that empowers builders at every level, provides both the foundation and enhancements necessary for projects to achieve stability and soar to their higher selves.

Viction provides seamless interoperability, scalability, flexible development, zero gas fees, enhanced security, and speed to enable builders with tech capabilities.

Beyond technical advantages, Viction offers holistic guidance through consultation, resources, funding, and strong network connections to foster project growth.

About Ninety Eight

Ninety Eight is an ecosystem of innovation companies with a shared mission to enable and empower human potential. They found and fund blockchain companies that make Web3 accessible for everyone.

Logo – https://mma.prnewswire.com/media/2429245/WSPN_logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/wspn-partners-with-viction-and-ninety-eight-ecosystem-to-boost-wusd-adoption-and-expand-market-reach-302296318.html

Continue Reading

Fintech PR

The Adecco Group: Q3 2024 RESULTS

Published

on

the-adecco-group:-q3-2024-results

Robust performance in challenging markets; volumes stabilising

ZURICH, Nov. 5, 2024 /PRNewswire/ —

  • Revenues -5% yoy organic TDA, -3% yoy organic, a solid result given market conditions, high comparison base; volumes stabilising
  • By GBU, Adecco -5%, with good results across Asia, Iberia, EEMENA, LatAm outweighed by challenging markets, particularly in France, US; Akkodis -5%, with Consulting +2%; LHH -7%, with Recruitment Solutions stable qoq
  • Resilient 19.4% gross margin, sequentially flat, reflecting lower volumes, current business mix, firm pricing
  • SG&A expenses improved to €925 million, -5% yoy, with G&A -10% yoy and at 3.2% of revenues
  • Robust 3.3% EBITA margin, reflecting strong G&A savings, selective protection of sales and delivery capacity
  • Operating income €162 million; Net income €99 million; Basic EPS €0.59; Adjusted EPS €0.68
  • Operating cash flow +€121 million, weighed by timing differences; Free cash flow +€117 million YTD, higher yoy
  • Continued delivery of Simplify-Execute-Grow agenda:
    • G&A savings run-rate end-24 lifted to €171 million
    • Reprioritised IT/digital plan: accelerating AI adoption, expanding Global Delivery to improve fill rates, time-to-fill
    • Strong track record of market share gains; relative revenue growth, reported, +850 bps since introduction of Simplify-Execute-Grow (Q3 22), and +290 bps YTD 

Denis Machuel, Adecco Group CEO, commented:

“We continue to successfully deliver on our Simplify, Execute, Grow plan and third quarter performance was robust, against a high comparison base. The macroeconomic environment remains challenging, but I am encouraged to see that volume trends have stabilised.

We made further G&A savings in the quarter, allowing us to lift the year-end run-rate. We have reprioritised our IT/digital plans to accelerate AI adoption, and to expand Global Delivery to our top 25 customers. This will boost recruiter productivity and improve fill rates and time-to-fill, supporting profitable growth. We remain focused on capturing market share, building on strong progress over the last two years, and have positioned resources to capture growth opportunities as the market recovers.”

Full Press Release

Webcast Details | Investors & Analysts

Investor Relations
[email protected]
+41 (0)44 878 88 88

Logo – https://mma.prnewswire.com/media/2350635/The_Adecco_Group_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/the-adecco-group-q3-2024-results-302295866.html

Continue Reading

Fintech PR

DAMAC International Expands Presence in APAC with New Office in Hong Kong

Published

on

damac-international-expands-presence-in-apac-with-new-office-in-hong-kong

Strategic launch to cater to the growing demand for luxury real estate across Asia-Pacific

HONG KONG, Nov. 5, 2024 /PRNewswire/ — DAMAC International, a global leader in luxury real estate, has officially opened its new office in Hong Kong, marking its third office in the Asia-Pacific (APAC) region. This expansion is part of DAMAC’s broader vision to strengthen its presence in one of the world’s fastest-growing regions, renowned for its rapid investment growth. The Hong Kong office is a strategic gateway to the APAC market. It allows DAMAC to better serve its expanding clientele by offering direct access to its prestigious properties in Dubai and other international locations, such as London and Miami.

The Hong Kong office will provide investors across the region access to personalised services, offering exclusive insights into DAMAC’s luxury residential towers, branded residences, and lifestyle communities. As demand from the APAC region continues to rise, DAMAC is poised to offer high-end real estate investment opportunities that cater to the needs of discerning clients.

Talking about the opening, Abbas Sajwani, Board Member, DAMAC International, stated: “This is yet another milestone in our expansion into the APAC region. The new office will allow us to be closer to our clientele. It is a testament to our belief in the region’s potential and commitment to providing top-tier investment opportunities in luxury development.”

By establishing this new office, DAMAC continues positioning itself as a leading player in the global real estate market. It further strengthens its ability to connect with clients to provide unparalleled luxury investment opportunities for long-term value.

About DAMAC International

DAMAC International has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region and internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom.

Advertisement

Since then, the company has delivered more than 47,000 homes with over 40,000 more in diverse planning and development phases. Joining forces with some of the world’s most eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, DAMAC is building the next generation of luxury living across the globe.

Live the Luxury.

Visit us at www.damacgroup.com 

Photo: https://mma.prnewswire.com/media/2548365/DAMAC_International_Hong_Kong.jpg

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/damac-international-expands-presence-in-apac-with-new-office-in-hong-kong-302295571.html

Continue Reading

Trending