ACCESSWIRE
11 May 2022, 23:37 GMT+10
Entrance into Canadian Market Is Latest Expansion Move for Global Fintech Revolutionizing Alternative Investment Universe
CINCINNATI, OH / ACCESSWIRE / May 11, 2022 / Luma Financial Technologies ('Luma'), an independent and objective, multi-issuer structured products and annuities platform, today announced its funding deals with the wholesale banking division of The Toronto-Dominion Bank and CIBC.
The funding and relationships from these two Canadian banks will enable Luma to further extend the fintech's reach to dozens of countries on five different continents, further establishing itself as one of the most trusted platforms for financial professionals to manage and transact structured products and annuities in the industry.
'We're delighted that two of the most prominent banks in Canada have recognized the value our platform is bringing to the entire alternative investments industry,' said Tim Bonacci, President and CEO, Luma Financial Technologies. 'Luma has rich and deep experience in working with the largest multinational banks in the world to provide financial professionals with the necessary tools to confidently transact in the alternative space. We look forward to working with TD and CIBC in the United States, Latin America, as well as our new expansion throughout Canada.'
For over a decade, Luma has been utilized by financial advisors to better facilitate their alternative product offerings from the initial design stage through ongoing lifecycle support. Through its open architecture, the Luma platform provides efficient access to a wide array of alternative solutions tailored to address specific client goals and risk profiles.
'What attracted us to Luma is their fully customizable and multi-product technology platform with its end-to-end workflow capabilities, as well as the user-friendly experience they provide to issuers and end-users,' said Vanessa Simonetti, Managing Director at TD Securities. 'We are excited to participate in the expansion of the structured notes and annuities business with a view to enhancing both the firm's and our clients' engagement and experience.'
'With its best-in-class functionalities, Luma's platform is key for the growing alternative investment marketplace,' said Elliot Scherer, Managing Director and Global Head, Wealth Solutions at CIBC. 'We are excited to be working with Luma to help clients achieve their ambitions.'
Built with a buy-side focus, Luma's award-winning platform is designed to help solve client challenges by streamlining the process of investing in structured products and annuities. The platform's objectivity and transparency help product managers and advisors compare, select, customize, price and track a broad range of alternative investments for their clients.
For more information on Luma Financial Technologies, or to sign up for a demo of the platform, please visit Luma's website.
About Luma Financial Technologies
Luma Financial Technologies is the creator of Luma, a fully customizable, independent, buy-side technology platform that helps financial teams more efficiently learn, create, order, and manage market-linked investments such as structured products, structured annuities and more.
Launched in 2011, Luma is one of the largest and longest-tenured structured product platforms in the U.S. market and is used by broker/dealer firms, RIA offices and private banks to automate and optimize the full process cycle for offering and transacting in market-linked investments. This includes education and certification; creation and pricing of custom structures; order entry; and post-trade actions. Luma is multi-issuer, multi-wholesaler and multi-product, thus providing teams with an extensive breadth of market-linked investments to best meet clients' specific portfolio needs.
Headquartered in Cincinnati, OH, Luma also has offices in New York, NY, Zurich, Switzerland, and Miami, FL. For more information, please visit Luma's website, or follow us on LinkedIn and Twitter.
CONTACT:
Joseph Collins, River Communications
914-686-5599
jcollins@riverinc.com
SOURCE: Luma Financial Technologies
Get a daily dose of Baltimore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baltimore Star.
More InformationDOLNI MORAVA, Czech Republic: The world's longest pedestrian suspension bridge has opened at a mountain resort in the Czech Republic. ...
SHAN STATE, Myanmar - According to an officer who participated in the assault, two local defense forces have destroyed a ...
TUNIS, Tunisia - The Tunisian navy said Saturday that it rescued 81 migrants, including 32 Bangladeshis, sailing from Libya to ...
ST. PETERSBURG, Florida: - A nearly $1 billion settlement has been agreed upon in a lawsuit brought by families of ...
The suspect is an 18-year-old white man heavily armed with tactical gear and a helmet, said Buffalo Police Commissioner Joseph ...
SAN JOSE, Costa Rica: President Rodrigo Chaves, who was sworn in as president on May 8, has declared a state ...
NEW YORK, New York - Weak economic news out of China undermined stocks on Wall Street on Monday. The major ...
ATLANTA, Georgia: Mercedes-Benz USA has requested drivers to stop driving some of their autos immediately due to braking problems.The announcement ...
KARACHI, Pakistan - The U.S. dollar climbed past Rs194 in the interbank market in Pakistan on Monday as analysts expressed ...
ROME, Italy: Italy has announced plans to sell state-owned ITA Airways, the successor to Alitalia, by the end of June, ...
SYDNEY, NSW, Australia - Stocks struggled for direction in Asia on Monday. Early gains evaporated later in the data, although ...
BEIJING, China: China's Green Valley Pharmaceutical company has prematurely ended an FDA approved study on its GV-971 to treat mild ...