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Revitalizing Urban Economies Globally: Empowering Urban Finance through UN-Habitat’s SDG Cities Strategies

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TORONTO, Feb. 23, 2024 /PRNewswire/ – The World Urban Pavilion – Powered by Daniels hosted the World Summit on UN-Habitat’s SDG Cities and Urban Finance to plan urban transformations at a global scale starting in Toronto, Canada. Since its launch in October 2023, the Glocal Platform for Urban Finance (GPUF) has achieved a significant milestone, bringing together representatives from the United Nations, investors, decision-makers, and urban stakeholders. An exciting achievement was hosting UN-Habitat’s SDG Cities Initiative and its expert network.

The Summit helped strengthen the GPUF’s mandate to facilitate alignment between finance and sustainable urban innovation and transformation, supported by data analytics. This was a historic moment for the platform as it began this conversation in Toronto as a major hub for urban innovation and transformation through urban finance. The Pavilion is contributing to this global vision for Toronto as it was selected by the United Nations as a global hub for SDG Cities. The Pavilion played a pivotal role in convening these key partners to advance sustainable urban finance initiatives.

Co-hosted by the founders of the GPUF, the Urban Economy Forum (UEF), and Aragon, the event attracted a distinguished audience including global leaders, urban planners, investors, and innovators, all dedicated to advancing the discourse on urban innovation and practical transformative solutions in Toronto and cities worldwide.

The event served as a critical nexus linking financing and investors with specific needs in cities.  This gathering not only reinforced the city’s stature, but also showcased best practices and development efforts in fostering innovation across sectors and the possibility of presenting investment opportunities to event attendees.

“This marks a wonderful moment for the GPUF, the first of many where the platform collaborates with cities and local organizations to create opportunities, attract, and ultimately secure investments for truly transformative urban solutions, which will revitalize urban economy globally,” said Reza Pourvaziry, Chair of the UEF & GPUF. “We are working with all partners and are looking forward to bringing these innovations to the World Urban Forum (WUF12) that will be held from November 4 – 8, 2024 in Cario, Egypt,” said Pourvaziry.

“GPUF is filling a critical gap in the globe to ensure good urban developments have access to the financing capital they deserve. This is a transformative initiative that has high potential for economic, social, and environmental impact”, said Eduardo Moreno, Co-Director of the World Urban Pavilion.

UN-Habitat, a main founding partner of the World Urban Pavilion, presented how its flagship programme SDG Cities is supporting cities in Canada but also globally. Dyfed Aubrey, Inter-regional Advisor and recently Head of SDG Cities at UN-Habitat, stated that “From engaging with local leaders to developing analytical frameworks, SDG Cities is committed to supporting sustainable urban development initiatives”.

Also representing UN-Habitat, Douglas Ragan, a Programme Management Officer, explained how the SDG Cities program aims to reach 1000 cities by 2026. “Online tools and resources are provided to facilitate the localization of data, the development of strategic planning, and the implementation of sustainable practices”, said Ragan. These tools and resources are foundational for platforms like the GPUF to ensure cities are well equipped and have access to technical support if required.

Alongside UN-Habitat, major partners such as Convergence, Global CEO Alliance, CitiIQ, and EMIF Group shared valuable insights into sustainable urban development practices. A recurring theme throughout the discussions underscored the critical importance of collecting and analyzing good urban data, particularly disaggregated at local level, to gain a deeper understanding of the challenges and opportunities faced by cities. The University of Toronto’s School of Cities Urban Data Center, sharing its work with the City of Toronto to break down traditional data silos to address technical barriers of data sharing.

Furthermore, UN-Habitat’s City Investment Facility (CIF) demonstrated how it is building capacity and confidence in sustainable urban development by streamlining investment processes for urban projects, ensuring adherence to a bankable format. CIF contributes to drive progress in sustainable urban development, ultimately fostering the creation of inclusive and resilient cities, and advancing SDGs realization.

As part of the Pavilion’s flagship initiative, Canada Frontrunner of Urban SDG, several organisations including, Noventa Energy, Vancity Community Investment Bank, Northcrest Developments, Serotiny Group, Mitrex, Parataxis Design and Development, highlighted their collaboration with Toronto, presenting unique solutions articulated to investment opportunities. Learning from these experiences, Mayor Emmanuel Serunjoji of the Kawempe Division and Mayor Paul Mugambe of the Nakawa Division from Kampala City, Uganda. Both joined the summit as representatives of the Lake Victoria Local Authorities Cooperation, an organization that represents 135 cities in East Africa. The mayors exposed some of the challenges their city is facing and established dialogue with Canada Frontrunner participants to understand how to integrate Canadian innovations in their city.

Representatives of the City of Toronto showcased unique public-private partnerships that have led to the creation of innovative financing models and new technologies contributing to its long-term strategic objectives, such as the aim to decarbonize buildings by 2040. Encouraging private sector contributions to the Sustainable Development Goals, the city actively collaborates with private entities to foster innovations to drive sustainable development.

David West, Mayor of Richmond Hill also shared his inspiring vision for the future of cities and highlighted his city’s commitment to build a sustainable tomorrow.

The summit was also an important opportunity to recognize the involvement of TERRITORIA, a Mexican based development organization. TERRITORIA was announced as a member of UEF and sponsor of the upcoming 6th Urban Economy Forum (UEF6). TERRITORIA is working with UEF’s Latin America and The Caribbean Office on a global pilot in Mexico. The partnership will focus on innovative models and financing approaches to build a sustainable tourism community.

Frank Stronach, Canadian Billionaire, Global Entrepreneur, and Founder of Magna International, shared insights during the summit’s first day, advocating for the role of the private sector in improving people’s quality of life through profit-sharing with employees. This approach fosters a culture of ownership, creativity, and common responsibility, boosting employee motivation and satisfaction while cultivating a sense of collective purpose and commitment to long-term success.

Another recurring theme throughout the conference was the emphasis on technology use to achieve sustainability goals. Companies like Sparrow Living, Brickeye, and Chargelab shared important contributions to national and global sustainability agendas backed by sustainable business models.

The summit highlighted the pivotal role of the Glocal Platform for Urban Finance to attract investors to Canada and identify transformative financial opportunities that are aligned with sustainability. “Let’s recognize the interconnectedness of our cities and the global community. This summit provides a platform to showcase remarkable progress, learn from each other, and collaborate on innovative solutions for meaningful impact”, said Amir Hossein Kashfi, Managing Director of Aragon.

This event’s success underscores the importance of collective action in shaping inclusive and sustainable urban futures, setting a promising precedent for forthcoming urban finance endeavors. “This World Summit marked the first event showcasing the GPUF’s remarkable capacity to connect finance to urban innovations and developments, opening new possibilities for sustainable urban financing.” Said Alex Venuto, Deputy Director of the World Urban Pavilion.

As the GPUF continues to expand, it collaborates with cities and organizations paving the way to identify investment opportunities with clear financial returns and social impacts. Investors can join the GPUF through a membership model, gaining access to exceptional opportunities.

For those interested in joining the platform, you can contact: info@gpuf.ca 

Organizations:

Urban Economy Forum: serves as a dynamic platform dedicated to addressing the complex challenges and opportunities inherent in urban development. Comprising a diverse range of stakeholders, including policymakers, urban planners, industry leaders, and academics, the UEF fosters collaborative dialogue and innovative solutions aimed at advancing sustainable urban economies worldwide. Through its conferences, forums, and initiatives, the UEF explores pressing issues such as inclusive growth, urban resilience, and equitable access to resources. With a commitment to driving positive change, the UEF facilitates knowledge sharing, capacity building, and strategic partnerships to shape urban policies and practices that promote economic prosperity, social equity, and environmental sustainability in cities around the globe.

The United Nations Human Settlements Programme, UN-Habitat, is the United Nations agency for human settlements. It is mandated by the UN General Assembly to promote socially and environmentally sustainable towns and cities with the goal of providing adequate shelter for all. 

Aragon: At Aragon Corp, we are more than consultants – we are partners, guides, and champions of your entrepreneurial journey. Rooted in the vibrant Canadian startup ecosystem, we understand the dreams, challenges, and triumphs that come with building a business in this diverse and dynamic nation.

Glocal Platform for Urban Finance: The Glocal Platform for Urban Finance (GPUF) represents a pioneering initiative aimed at revolutionizing the way cities access and utilize financial mechanisms for sustainable urban development. Designed to bridge the gap between global financial resources and local urban needs, the GPUF serves as a catalyst for transformative change. By connecting existing financial mechanisms with on-the-ground urban challenges, the platform empowers cities to address pressing issues such as inequality, poverty, environmental degradation, and climate change. Through innovative financial models, strategic partnerships, and technical advisory services, the GPUF facilitates the implementation of sustainable urban projects, ensuring that cities worldwide can thrive in an ever-changing landscape.

The World Urban Pavilion in Regent Park – Powered by Daniels is a global knowledge exchange hub to share best practices, innovation and research in urban development and revitalization from countries around the world. The Pavilion envisions people centered, sustainable cities that are planned through data, driven by innovation, and informed by the SDGs. The Pavilion is working in three critical areas: urban knowledge, innovation, and transformation.

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SOURCE Urban Economy Forum Association UEF

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NexBank Partners with MaxMyInterest to Expand Customer Relationships Nationwide

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October 28, 2026

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Max members can apply for new NexBank high-yield money market accounts in as little as 2 minutes.

DALLAS and PORTSMOUTH, N.H., Oct. 28, 2026 /PRNewswire/ — NexBank, the banking subsidiary of NexBank Capital, Inc. and the largest privately held bank based in Texas, today announced its partnership with MaxMyInterest (Max), an intelligent cash management service for individual investors and financial advisors.

Through this partnership, consumers nationwide can now open the NexBank MaxMyInterest Money Market Account, a high-yield account available exclusively through Max. The account offers competitive rates and a streamlined application process.

Max helps depositors seamlessly distribute their cash balances across multiple bank accounts to earn more on their deposits by earning highly competitive yields while simultaneously benefiting from greater aggregate FDIC insurance coverage, one-click funds transfers, and consolidated tax reporting. Deposits at NexBank are insured by the FDIC up to $250,000 per depositor, for each account ownership category.

“We are proud to partner with NexBank to help expand its reach to all 50 states,” said Rachel Bourne, Head of Bank Partnerships at Max. “Together with NexBank, we can help clients earn competitive rates while keeping their deposits safely within the FDIC insurance limits in their own bank accounts.”

To find information about the NexBank MaxMyInterest Money Market Account, contact your financial advisor or visit MaxMyInterest.com.

About NexBank
NexBank is the largest privately held bank based in Texas with assets of $14 billion and a charter that dates to 1922. NexBank provides institutional banking, commercial banking, mortgage banking, and personal banking services to meet the needs of its clients, which include institutional clients, financial institutions, corporations, and consumers nationwide. NexBank is a subsidiary of NexBank Capital, Inc., a financial holding company. 

www.NexBank.com
Member FDIC | Equal Housing Lender

About Max
Max, a service of Six Trees Capital LLC, offers intelligent cash management solutions for individual investors and their financial advisors, enabling clients to earn competitive yields on their cash. Max’s patented technology helps customers reallocate funds among their checking and high-yield savings accounts to earn the highest yield while keeping their funds safe in their own FDIC-insured partner bank accounts. Banking services are provided by participating FDIC-insured banks, including NexBank. For more information, visit MaxMyInterest.com, MaxForAdvisors.com, or MaxForBanks.com.

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SOURCE NexBank; MaxMyInterest

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Risk Analytics Market worth $54.69 billion by 2031 – Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 28, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Risk Analytics Market is projected to grow from USD 35.68 billion in 2026 to USD 54.69 billion by 2031, at a CAGR of 8.9% during the forecast period.

Browse 350 market data Tables and 75 Figures spread through 420 Pages and in-depth TOC on ‘Risk Analytics Market – Global Forecast to 2031’

Risk Analytics Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 31.61 billion2026 Market Size: USD 35.68 billion2031 Projected Market Size: USD 54.69 billionCAGR (2026–2031): 8.9%

Risk Analytics Market Trends & Insights:

The market is driven by increasing adoption of predictive analytics, artificial intelligence, machine learning, quantitative risk modeling, fraud detection, stress testing, and integrated risk management platforms across banking, insurance, capital markets, and other industries.Software is estimated to account for 37.2% of the Risk Analytics Market in 2026.The technology risk segment is expected to register the fastest growth of 11.4% CAGR between 2026 and 2031.The healthcare & life sciences segment is expected to be the fastest-growing segment across the forecast period.North America is estimated to account for the largest regional share of 37.01% in 2026.

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The expansion of the Risk Analytics Market is influenced by various factors, including the growing frequency and complexity of global risks, the increasing demand for efficient decision-making tools in companies, and technological advancements like artificial intelligence (AI) and machine learning (ML). Organizations across sectors such as finance, healthcare, and manufacturing are using risk analytics to anticipate potential disruptions and ensure regulatory compliance. The growing reliance on big data, combined with the rise in IoT devices, has expanded the volume of data available for analysis, enabling more precise risk evaluations. Moreover, rising cyber threats, coupled with demand for robust cybersecurity strategies, are driving the need for risk management solutions. Additionally, the evolving landscape of climate-related risks and natural disasters is prompting organizations to integrate climate risk models into their assessments. Together, these factors underscore the need for comprehensive, timely risk management strategies, making risk analytics an essential resource in today’s business landscape.

By software type, the Governance, Risk, and Compliance (GRC) software segment is expected to account for the largest market share during the forecast period (2026–2031).

Governance, Risk, and Compliance (GRC) software dominates the Risk Analytics Market because it helps organizations meet stringent regulatory demands and follow internal policies. GRC software is designed to ensure that organizations operate within legal and ethical boundaries while minimizing compliance risks. As regulations grow more complex and sector-specific across regions, businesses increasingly adopt GRC solutions to automate compliance monitoring, maintain audit readiness, and ensure transparency. These systems provide real-time tracking and reporting, enabling organizations to quickly detect non-compliance or policy breaches and implement corrective measures. Moreover, GRC platforms can consolidate and standardize compliance processes across departments, improving efficiency and reducing the risk of human error. As firms face rising costs from regulatory fines and reputational damage, the importance of robust GRC systems continues to grow, reinforcing their dominance in the risk analytics sector.

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By risk type, strategic risk is projected to grow at the second-fastest rate in the Risk Analytics Market during the forecast period.

Strategic risk analytics is expected to gain importance as organizations address uncertainties related to market dynamics, competitive positioning, business diversification, and long-term sustainability. Increasing market volatility and interconnected business environments are driving the need to assess risks from market concentration, new product development, and expansion into unfamiliar markets. Digital transformation, evolving business models, and platform-based strategies also introduce interconnected risks that require systematic assessment and monitoring. Strategic initiatives such as mergers, partnerships, and business expansion can also expose organizations to financial, operational, and competitive uncertainties. Risk analytics supports these activities by enabling scenario analysis, predictive modeling, and data-driven evaluation of potential outcomes. These capabilities help organizations assess the implications of strategic decisions, identify emerging threats, and align risk management practices with business objectives.

By region, North America is estimated to account for the largest share of the Risk Analytics Market in 2026.

Regional demand is supported by the adoption of risk analytics across banking, insurance, healthcare, and other industries. Organizations in the region use these solutions for credit risk assessment, fraud detection, regulatory compliance, cybersecurity risk monitoring, and operational risk management. Regulatory frameworks, including Basel III and the Dodd-Frank Act, contribute to demand for risk measurement, reporting, and compliance solutions in the financial sector. The integration of artificial intelligence, machine learning, big data analytics, and cloud computing is expanding the application of risk analytics in risk identification, predictive modeling, and decision-making. The presence of established technology providers, financial institutions, and specialized analytics vendors also contributes to the development and adoption of risk analytics solutions across the region.

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Top Companies in Risk Analytics Market:

The Top Companies in Risk Analytics Market are Marsh McLennan (US), Aon (England), Deloitte (UK), Capgemini (France), Moody’s Analytics (US), IBM (US), Oracle (US), FIS (US), Lockton (US), SAS Institute (US), MetricStream (US), Milliman (US), and Protiviti (US).

Risk Analytics Market – Investment & funding + Merger & Acquisition

Investment And Funding Context

Investment activity in the Risk Analytics Market is increasingly focused on credit risk modeling, predictive analytics, regulatory compliance, fraud detection, and AI-enabled risk intelligence. In August 2026, ICRA Limited launched ICRA Risk & Analytics, bringing together ICRA Analytics, Fintellix, and D2K Technologies after completing acquisitions totaling USD 30.65 million. The platform was designed to address risk management, regulatory compliance, and data management requirements for financial institutions, regulators, and corporates.

Technology development and strategic collaborations also remained important in 2026. In April 2026, Moody’s announced the integration of its credit intelligence and analytical capabilities into Microsoft 365 Copilot workflows, expanding access to credit ratings, research, entity data, and related risk intelligence. In August 2026, Moody’s also announced that its intelligence was available through Google Cloud’s Gemini Enterprise for Financial Services. These developments show investment in integrating risk analytics with enterprise AI platforms rather than relying solely on standalone analytical systems.

Revenue Shift Context

Revenue generation in the Risk Analytics Market spans software subscriptions, analytical data, risk models, regulatory reporting solutions, and advisory services. Financial institutions and enterprises use these capabilities for credit assessment, market risk measurement, portfolio monitoring, fraud detection, and compliance management. In July 2026, FICO reported third-quarter fiscal 2026 revenue of USD 674.2 million, including USD 215.3 million from its Software segment, which covers analytics and digital decisioning technology. The company’s reported results demonstrate the commercial importance of software-based analytics and decisioning, although its total revenue also includes scoring solutions and should not be treated as Risk Analytics Market revenue alone.

Insurance-focused analytics also represents an important revenue source for providers serving property, casualty, and catastrophe risk applications. Verisk reported USD 806 million in revenue for the second quarter of 2026, up 4.3% year over year. However, this figure reflects company-wide revenue rather than revenue attributable exclusively to risk analytics. Accordingly, company financial results should be distinguished from revenue generated specifically within the Risk Analytics Market when evaluating competitive positions.

Mergers & Acquisitions

Direct mergers and acquisitions among pure-play risk analytics vendors remain selective, while strategic acquisitions and partnerships help companies expand their capabilities in risk modeling, financial data analytics, regulatory compliance, fraud detection, and enterprise risk management. Transactions and integrations in this market can strengthen proprietary data assets, analytical models, risk intelligence, and software capabilities. Companies also use acquisitions to expand their coverage of credit risk, insurance risk, operational risk, and regulatory reporting, enabling them to serve a broader range of financial institutions and enterprises.

Recent examples illustrate this trend. In July 2026, Moody’s expanded its partnership with Intapp by integrating credit risk assessments, entity screening, and ownership data into Intapp’s Celeste AI platform, supporting risk evaluation and due diligence workflows. In April 2026, Cartan Trade partnered with Moody’s to incorporate credit risk data, default-risk insights, beneficial ownership information, and media monitoring into its platform through APIs, supporting underwriting and credit-limit monitoring. In September 2026, Moody’s and Euler ILS Partners signed a multi-year agreement to use catastrophe risk models, cyber risk models, and exposure datasets for underwriting, portfolio management, and investment decisions in insurance-linked securities. These developments demonstrate how partnerships and integrations can expand access to risk intelligence, strengthen analytical workflows, and support risk assessment across credit, insurance, and catastrophe-related applications.

RISK ANALYTICS MARKET: MERGERS AND ACQUISITIONS, JANUARY 2026–OCTOBER 2026

Month & Year

Deal Type

Company 1

Company 2

Description

October 2026

Product Collaboration

Moody’s Analytics

Allvue Systems

The companies launched the EDF-X Private Credit Model, combining Moody’s credit risk modeling with Allvue’s private credit performance data to identify early indicators of borrower stress.

August 2026

Platform Launch Following Acquisitions

ICRA Limited

Fintellix and D2K Technologies

ICRA launched ICRA Risk & Analytics after completing acquisitions totaling INR 296.2 crore, consolidating its analytics, risk, and technology businesses under one platform.

August 2026

Strategic Integration

Moody’s

Google Cloud

Moody’s made its credit ratings, research, entity information, and risk intelligence available through Gemini Enterprise for Financial Services using its Credit Model Context Protocol server.

July 2026

Acquisition

Verisk

McKenzie Intelligence Services

Verisk announced the acquisition of McKenzie Intelligence Services to strengthen catastrophe preparation and response capabilities using geospatial intelligence and event-related analytics.

April 2026

Strategic Partnership / Integration

Moody’s

Microsoft

Moody’s expanded the integration of its credit intelligence, research, entity data, and analytical workflows into Microsoft 365 Copilot and related AI-powered enterprise tools.

Company Revenue Share Details

The top five companies account for approximately 32.6% of the Risk Analytics Market in 2025. The leading group comprises Marsh McLennan, Aon, Deloitte, Lockton, and Moody’s Analytics, reflecting their established presence across enterprise risk management, financial risk analytics, risk advisory, insurance analytics, and regulatory compliance. The leading companies differentiate themselves through their risk modeling capabilities, proprietary data assets, predictive analytics, credit risk assessment, and integration with enterprise risk management workflows. Marsh McLennan and Aon provide risk advisory and insurance-related analytics, while Deloitte and Lockton support organizations through risk consulting, exposure assessment, and mitigation strategies. Moody’s Analytics specializes in financial risk intelligence, credit risk modeling, economic forecasting, and stress testing. Other providers, including FICO, Verisk Analytics, SAS Institute, Oracle, and IBM, contribute to the competitive landscape through capabilities in credit scoring, insurance risk analytics, statistical modeling, and enterprise risk management.

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ManpowerGroup Elects Lidia Fonseca to its Board of Directors

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October 28, 2026

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MILWAUKEE, Oct. 28, 2026 /PRNewswire/ — ManpowerGroup (NYSE: MAN) today announced the election of Lidia Fonseca, former Executive Vice President and Chief Digital and Technology Officer at Pfizer, to its Board of Directors, effective November 1, 2026.

“Lidia brings a rare combination of technology leadership, business transformation experience and a clear understanding of how AI can create value at scale,” said Jonas Prising, ManpowerGroup Chair & CEO. “Her strategic perspective, operational expertise and track record of leading change strengthen our ability to evolve the business and advance our transformation strategy. We are pleased to welcome her to our Board.”

Fonseca served as Chief Digital and Technology Officer and Executive Vice President of Pfizer from January 2019 to April 2026, leading the company’s enterprise AI, digital, data and technology strategy, as well as Learning & Development, and Business Process Excellence. She built Pfizer’s enterprise AI program from inception, and scaled it across the enterprise, contributing to significant growth and cost savings. She currently serves as Senior Advisor to Pfizer’s Chief Executive Officer and serves on the Board of Directors of Medtronic plc.

Previously, Fonseca spent a decade in diagnostics as Senior Vice President and Chief Information Officer of Quest Diagnostics and, earlier, of LabCorp. She began her career in operations and executive leadership roles at Philips Healthcare. Fonseca holds a bachelor’s degree from the University of California, Berkeley, and an MBA and a Master of Business Informatics from Rotterdam School of Management at Erasmus University.

ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World’s Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.

For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.

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SOURCE ManpowerGroup

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