General News

November 20, 2022 @ 9:37 pm By Omar Faridi  |  

LMAX Group, the operator of institutional exchanges for trading FX and digital assets, is expanding its global technology infrastructure in Asia Pacific “following the launch of a matching engine in the Equinix IBX Data Centre in Singapore (SG1).” SG1, which went live earlier this year,… Read More

November 20, 2022 @ 6:21 pm By Omar Faridi  |  

Addepar has shared the latest updates as they pertain to the Addepar platform, as well as key insights from their proprietary, “anonymized” and aggregated data set, along with highlights from their client community; and updates about their team at Addepar. In November, they’re taking a… Read More

November 20, 2022 @ 4:08 pm By JD Alois  |  

The Autumn Statement delivered by the Chancellor of the Exchequer, Jeremy Hunt, last week included some grim news – including the declaration that the UK economy is in a recession. Fiscal sobriety was the message, a sharp turn from the mini-budget under Truss that caused… Read More

November 20, 2022 @ 1:51 pm By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), an international financial center located in UAE’s capital emirate announced a partnership with Rackspace Technology (NASDAQ:RXT), in order “to collaborate on a number of strategic technology initiatives.” As a long standing global leading service provider in multi-cloud computing, technology advisory… Read More

November 20, 2022 @ 12:23 pm By Omar Faridi  |  

The Financial Conduct Authority has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK) “for anti-money laundering (AML) failings.” Prodhan was “the senior manager at SBUK with responsibility for the establishment and maintenance of effective AML systems… Read More

November 19, 2022 @ 12:26 pm By Omar Faridi  |  

Global fintech platform Airwallex announced that UK-based small and medium-sized enterprises (SMEs) remain optimistic about international expansion next year, “with almost three-quarters (70%) planning to expand into, or further into, foreign markets in 2023.” The independent research, which surveyed 500 UK SME decision makers in… Read More

November 18, 2022 @ 9:53 am By JD Alois  |  

The reports keep rolling in, highlighting a slowing environment for private firms. Venture capital, along with private equity activity, has been in decline for some time now – a fact that should come as no surprise to anyone. Giga high inflation and the inevitable reaction… Read More

November 17, 2022 @ 5:49 pm By JD Alois  |  

CrowdLustro, a Reg CF and alternative asset aggregation platform, has announced a new feature – a Testing the Waters option for issuers. Under current securities law, Reg CF (Regulation Crowdfunding) securities offerings may “Test the Waters” prior to an official launch of a funding round…. Read More

November 17, 2022 @ 1:32 pm By Omar Faridi  |  

Nationwide announced a partnership with Human API, a health data platform, to improve the life insurance buying experience “by maximizing the use of digital health data to accelerate the underwriting process.” Human API’s Health Intelligence Platform “connects electronic health data from thousands of sources in… Read More

November 17, 2022 @ 11:52 am By Omar Faridi  |  

Global innovation platform, Plug and Play, together with founding partners Visa, AllianceBlock, The INX Digital Company, IGT, and Franklin Templeton, has announced “the launch of their new Crypto and Digital Assets program in Silicon Valley.” The program aims “to connect international startups with the founding… Read More

November 17, 2022 @ 11:47 am By Omar Faridi  |  

Planixs, the provider of real-time cash, collateral and liquidity management solutions, has announced that G-SIB (Global Systemically Important Bank), Santander, has successfully “gone live with its Realiti Software Suite to transform the bank’s liquidity management processes, including cash management, liquidity forecasting and risk mitigation.” Santander… Read More

November 17, 2022 @ 11:27 am By JD Alois  |  

Chancellor of the Exchequer Jeremy Hunt delivered the Autumn Budget today, and once again, there is a bundle of adjustments and announcements aiming to improve the UK economy that is struggling with high inflation, unsustainable energy costs, and a recession. The UK government has already… Read More

November 16, 2022 @ 4:16 pm By JD Alois  |  

Online investment platform and venture community AngelList has spun off its jobs service – AngelList  Talent, into a stand-alone company.  The new business has been rebranded as Wellfound. The company said that AngelList Venture is once again called AngelList. AngelList provided some updated metrics with… Read More

November 15, 2022 @ 10:20 am By JD Alois  |  

SPACs, or special purpose acquisition companies, boomed in 2021. This year, the story is rather different. According to data compiled by S&P Global Market Intelligence, through Q3 2022, there have been 78 SPAC initial public offerings (IPOs). This compares to 444 for the nine-month period… Read More

November 14, 2022 @ 2:37 pm By Omar Faridi  |  

C2FO, the on-demand working capital platform, announced the addition of two new executive roles to its leadership team, “naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer.” Karas brings extensive leadership experience “in lending… Read More

November 14, 2022 @ 12:26 pm By JD Alois  |  

  One of the key elements of online capital formation is the fact that geography is not as important. While traditional venture hubs, like the Bay area and New York City, continue to garner much of the activity in securities crowdfunding, expanding access to capital… Read More

November 14, 2022 @ 11:17 am By Omar Faridi  |  

Pacaso, the technology-enabled real estate marketplace that helps people buy and co-own a luxury second home, announced partnerships with Alto, an elevated on-demand rideshare company, and Surf Air, a regional air travel company working to accelerate the adoption of green aviation, “to offer families effortless… Read More

November 13, 2022 @ 5:43 pm By Omar Faridi  |  

Fintech Connect 2022, Europe’s Fintech event for the entire ecosystem, recently released its 2022 Industry Benchmark Report, Fintech in Flux: Thriving in the Age of Uncertainty, showing that customers “remain the biggest focus, with 86 per cent of respondents investing in AI to stay competitive.”… Read More

November 13, 2022 @ 4:42 pm By Omar Faridi  |  

Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing at Pitchbook, notes that through the first quarter of 2022, one-year private fund performance was still “at historically high levels, as more muted performance in Q1 2022 was still overcome by three quarters of… Read More

November 13, 2022 @ 12:59 pm By Omar Faridi  |  

Bitfinex, a digital asset trading platform, claims that it has “not been impacted by the latest market events.” The exchange reportedly “remains liquid, stable and strong, and has no exposure to FTX or its FTT exchange token.” Over the past week, Bitfinex has “witnessed an… Read More