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How RBC Capital Markets revamped its data management efforts

Bank Innovation

RBC Capital Markets has looked externally to help it consolidate data in one place, analyze it and better equip employees. Starting in 2013, RBC Capital Markets began collecting all the data it could that was relevant to its clients, including e-commerce data, trades and portfolios.

Capital 150
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Sequoia Could Put $7.2 Billion Into Auto1 With IPO Approaching

PYMNTS

Sequoia Capital has agreed to invest around 6 billion euros in Auto1 Group before the online car trading platform's initial public offering (IPO), Bloomberg reported Monday (Sept. fund Lone Pine Capital reached a preliminary deal to buy around 50 million euros of Auto1 stock from DN Capital , an early investor.

Capital 234
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Why Lowering SMBs’ Barriers To The Bond Market Can Boost Investors, Too

PYMNTS

For small- and medium-sized businesses (SMBs) in need of capital, bank loans are undoubtedly the first place they look. The bond market, on the other hand, isn’t the most likely of places for an entrepreneur to seek financing. Several years ago, however, SMBs began to show interest in the bond market, too.

Marketing 134
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Kabbage Acquires Lending Data Provider Orchard Platform Markets

PYMNTS

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. Founded in 2013, New York-based Orchard initially provided Wall Street firms with data on the marketplace lending sector. There’s no word on how much Kabbage will pay, and nothing has been finalized.

Lending 108
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Convertible or not: making sense of stresses in AT1 bonds market

BankUnderground

Understanding AT1 prices and yield movements The recent rescue of Credit Suisse included a write-off of its entire US$17 billion AT1 capital (CoCo bonds). First, to count as AT1 capital, AT1 bonds must be perpetual , unlike subordinated debt, which can have fixed maturity of five years or more.

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Chinese Investors’ $1.4B For Indian Startups Prompts Questions

PYMNTS

In 2013, China invested in only three Indian startups, said data provider Tracxn. . India is a large market, where a lot of the models have yet to pan out to create large dominant players,” said Singh. “In It’s a very well-capitalized economy.” . billion, according to data from research firm Refinitiv. .

Capital 229
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Consumer Need Fulfillment Co goPuff Nets $380M On A $3.9B Valuation

PYMNTS

The company was founded in 2013 and offers customers the ability to order cleaning and home products, over-the-counter medications, and food and drinks. In some markets, alcohol can be ordered via the service. billion, and the leading investors were Accel and D1 Capital Partners. Customers can order from the company's website.