This week: Genesis, SmartStream, MarketAxess, Allianz GI, and more

A summary of some of the past week’s financial technology news.

news updates

Genesis raises $45 million Series B

Low-code application platform provider Genesis has raised a $45 million Series B round led by Accel. GV, and Salesforce Ventures. Existing investors Citi, Illuminate Financial, and Tribeca Early Stage Partners also participated in the funding round.

Genesis will use the investment to grow the sales, marketing, and engineering teams. It will also help the firm expand into international markets like Asia-Pacific and further build its platform’s low-code/no

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The AI boom proves a boon for chief data officers

Voice of the CDO: As trading firms incorporate AI and large language models into their investment workflows, there’s a growing realization among firms that their data governance structures are riddled with holes. Enter the chief data officer.

If M&A picks up, who’s on the auction block?

Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.

Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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