Ambiron LLC has acquired Chicago-based Tekom Inc., which builds and maintains secure and reliable screen-based order-entry systems access to both electronically traded and open outcry markets.The terms of the acquisition were not disclosed. However, as a result of the deal Ambiron will now offer an array of information security and infrastructure services to electronic trading firms and electronic exchanges. Specifically, Ambiron will offer 24-hour, 7-day-a-week help desk services to financial services clients. In addition, Tekom president Mike Persico will now become a partner of Ambiron and will head up the company's business development efforts in the financial services area. Ambiron can be found on the Web at http://www.ambiron.net.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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