Article: Danske bypasses money laundering legacy in AT1 return

Article - Media, Publications

Danske bypasses money laundering legacy in AT1 return

Tom Revell, 14 May 2021

The lender also took on a challenging market backdrop as it offered investors a US$750m perpetual non-call November 2026 Reg S transaction. The deal came after a volatile session for global stocks on Tuesday, which nudged bank subordinated debt wider in the secondary market and, in the US onshore market, saw insurer Liberty Mutual postpone a junior subordinated note issue.

Some observers were surprised by Danske’s decision to come hot on the heels of Liberty’s postponement. A 4.75% US$1bn Banco Santander AT1 offering sold on May 6 also contributed to a tricky backdrop after it struggled to perform and was bid at a cash price of 99.50 on Wednesday. Continue reading “Article: Danske bypasses money laundering legacy in AT1 return”

Article: Fintech startup Feedzai valued at $1 billion in KKR-led funding round

Article - Media, Publications

Fintech startup Feedzai valued at $1 billion in KKR-led funding round

Anna Irrera, 24 March 2021

LONDON (Reuters) – Financial technology group Feedzai said on Wednesday it had raised $200 million in a round led by investment company KKR valuing the startup at more than $1 billion.

Existing investors, including Sapphire Ventures and Citi Ventures, also participated in the round, the San Mateo, California-headquartered company said.

Feedzai develops artificial intelligence and machine learning technology that helps banks and other financial firms to spot and prevent payments fraud, money laundering and other types of illicit activities. Continue reading “Article: Fintech startup Feedzai valued at $1 billion in KKR-led funding round”