General News

October 6, 2022 @ 11:07 am By Omar Faridi  |  

Global network and Infrastructure-as-a-Service pioneer Transaction Network Services (TNS) announced a partnership with Blue Ocean Technologies (BOT), owner and operator of the Blue Ocean ATS, a global alternative trading system (ATS) that “operates from 8pm to 4am EDT.” Blue Ocean ATS will “leverage TNS’ robust… Read More

October 5, 2022 @ 9:21 pm By Omar Faridi  |  

The Federal Reserve Board announced that it has finalized updates to the Board’s rule concerning debit card transactions. Pursuant to statute, the updates “specify that debit card issuers should enable at least two payment card networks to process all debit card transactions, including ‘card-not-present’ transactions,… Read More

October 5, 2022 @ 5:06 pm By JD Alois  |  

Last week, the Association of Online Investment Platforms (AOIP), a young group aiming to advocate on behalf of online capital formation including securities crowdfunding, visited Congressional staff as well as individuals at the Securities and Exchange Commission. The AOIP members discussed possible legislation and regulations… Read More

October 5, 2022 @ 3:04 pm By JD Alois  |  

Almost 28,000 investors backed Reg CF securities offerings in September 2022 – over 20% greater than the year prior but 2.3% down from August as the economy sputters with high inflation and a recession. A report from Crowdfund Capital Advisors indicates that people are writing… Read More

October 4, 2022 @ 8:47 pm By Omar Faridi  |  

From re-using back-to-school items to starting side-hustles, new data from Barclaycard reveals how Brits are “changing their spending behavior to make their money go further during the cost-of-living crisis, while also trying to make the most of the summer holiday period.” Insights are taken from… Read More

October 4, 2022 @ 7:56 am By Omar Faridi  |  

Blockchain technology company TradeStrike BVI has announced the launch of its new mobile crypto wallet, which will “enable retail investors, as well as the 10,000+ holders of its $STRX utility token, to track their portfolio’s performance via a mobile app.” The launch has been “accompanied… Read More

October 3, 2022 @ 2:29 pm By Omar Faridi  |  

The team at 83North recently revealed that they closed a $400 million fund, which brings their total capital under management to more than $2.2 billion. This is reportedly their 11th fund, “raised from the same small group of Limited Partners who have supported [them] for… Read More

October 3, 2022 @ 12:07 pm By Omar Faridi  |  

Pensions are invested in global stock and debt markets, and therefore “what happens around the world will also be felt in our pensions,” the team at UK’s PensionBee explains. PensionBee wrote in a blog post that September saw “the continuation of the domino effect created… Read More

October 3, 2022 @ 1:00 am By Omar Faridi  |  

Honeycomb confirmed recently that all the share combination (previously announced) between Honeycomb and Pollen Street Capital Holdings Limited, as announced by Honeycomb on 15 February 2022 has “successfully completed.” Chairman Robert Sharpe said: “I am delighted to share that the Combination of Honeycomb and Pollen… Read More

October 2, 2022 @ 5:46 pm By Omar Faridi  |  

NdcTech, a global IT and consulting company providing transformational services for Banks and financial institutions has announced a collaboration with Red Hat, which claims to be the leading provider of enterprise open source solutions, “to deliver solutions based on cloud-native, open-source technologies in support of… Read More

October 1, 2022 @ 11:32 am By Omar Faridi  |  

Nasdaq, Inc. (Nasdaq: NDAQ) announced that it is “organizing its business units into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime.” This new structure will “align the company more closely to the foundational shifts that are driving the evolution of the global financial… Read More

October 1, 2022 @ 11:27 am By Omar Faridi  |  

Bank of Ireland Group has apologized to customers for “a wide range of failures in relation to the tracker mortgage issue.” This includes “an apology for the failures which led to customer harm and detriment, and for the length of time it took to recognize… Read More

September 30, 2022 @ 5:10 pm By Omar Faridi  |  

The independent venture capital platform for transformative real estate technologies PropTech1 (PT1) is starting fundraising for Fund II. Thanks to the renewed participation of numerous investors from the first fund as well as well-known new investors, the minimum threshold for a first closing totaling €30… Read More

September 29, 2022 @ 9:44 pm By Omar Faridi  |  

  Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, announced that SpiderRock Technology Services, a “high-performance” algorithmic execution and risk management technology provider to institutional trading clients, as well as agency broker-dealer and market data provider, has “deployed the Validus… Read More

September 29, 2022 @ 5:50 pm By Omar Faridi  |  

Archax and BondEvalue have announced a strategic partnership “to deliver digital solutions for the ownership, trading and custody of fractional fixed income products using blockchain technology.” Archax, which claims to be the “first” and only Financial Conduct Authority (FCA)-regulated digital securities exchange, broker and custodian,… Read More

September 29, 2022 @ 10:45 am By JD Alois  |  

Investment crowdfunding under Reg CF (Regulation Crowdfunding) has emerged as a powerful legislative success, boosting economic growth and providing access to capital for early-stage firms in need of money. Created under the JOBS Act of 2012 – a bipartisan act of legislation, Reg CF has… Read More

September 28, 2022 @ 11:30 am By Omar Faridi  |  

Thriday, the “all-in-one” financial management platform, takes another leap on its mission to become the fastest way for SMEs “to manage their banking, accounting, and tax with a circa $6 million pre-Series A round led by NAB Ventures and significant participation from existing investor Lempriere… Read More

September 28, 2022 @ 9:28 am By Omar Faridi  |  

Volante Technologies, which claims to be the global leader in cloud payments and financial messaging, announced that ACH Colombia, a financial technology company, “has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and ecommerce platforms… Read More

September 27, 2022 @ 2:48 pm By Omar Faridi  |  

Classiq, which claims to be the leader in quantum computing software, announced another significant expansion of its series B round to $49M by Canadian-Israeli VC Awz Ventures, from “an initial closing of $36M by strategic investors—in the largest quantum software round to date.” Awz Ventures… Read More

September 27, 2022 @ 7:55 am By Omar Faridi  |  

Voyager Digital Ltd. (FRA: UCD2) announced that “after multiple rounds of bidding in a highly competitive auction process that lasted two weeks, its operating company Voyager Digital LLC, selected West Realm Shires Inc. (FTX US) as the highest and best bid for its assets.” The… Read More