General News

August 1, 2022 @ 8:27 pm By Omar Faridi  |  

Wise (LSE:WISE), the international tech firm focused on creating the best way to move funds across the globe, recently announced the appointment of Isabel Naidoo as Chief People Officer. Naidoo joins Wise, one of Glassdoor’s best places to work in the United Kingdom, with considerable… Read More

August 1, 2022 @ 7:42 pm By Omar Faridi  |  

Apifiny, the global cross-exchange digital asset trading network, recently announced the release of Apifiny Algo V1.1, an advanced crypto trading library in C++ “for High-Frequency Trading (HFT) and latency-sensitive traders.” This solution fully “supports futures trading, paper trading through Binance testnet, and has added Coinbase… Read More

August 1, 2022 @ 11:03 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI) have published a “playbook” on T+1 settlement. The T+1 Securities Settlement Industry Implementation Playbook outlines the approach to identifying the implementation activities, timelines, dependencies, and… Read More

July 31, 2022 @ 4:31 pm By JD Alois  |  

This past week, the Securities and Exchange Commission (SEC) published its 41st annual Small Business Forum report, an effort to help guide the Commission on important issues facing small businesses and access to capital in the USA. While the SEC focuses most of its attention… Read More

July 31, 2022 @ 11:22 am By Omar Faridi  |  

The Office of Financial Research (OFR) announces the launch of its Climate Data and Analytics Hub pilot, which is a new tool “to help financial regulators assess risks to financial stability stemming from climate change.” This collaborative environment will “improve users’ access to public climate… Read More

July 30, 2022 @ 9:40 pm By Omar Faridi  |  

Commonwealth Bank has unveiled its latest technology hub designed “to support more than 400 software developers, cloud engineers and cyber specialists in the Melbourne CBD and help create new opportunities for Victoria’s expanding digital economy workforce.” The hub, based in the heart of Melbourne’s central… Read More

July 29, 2022 @ 5:19 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), a provider of global market infrastructure and tradable products, announced it is leveraging Snowflake, the Data Cloud company, “to migrate its corporate data and analytics from on-premises systems to the Cloud.” The adoption of Snowflake’s Data Cloud will “help… Read More

July 28, 2022 @ 10:01 am By JD Alois  |  

The US Economy delivered a second-quarter of GDP decline, an event that has historically determined that an economy is in recession. The US Department of Commerce, Bureau of Economic Analysis (BEA), reported that Q2 2022 GDP declined by -0.9%. This follows a Q1 decline of… Read More

July 27, 2022 @ 5:41 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has long championed entrepreneurship in Washington, DC. Founded in 1994, the SBE Council claims over 100,000 members. Its mission is to educate and advocate on behalf of these smaller firms – which typically do not have the… Read More

July 25, 2022 @ 10:57 pm By Omar Faridi  |  

Tietoevry has decided to initiate a strategic review of Tietoevry Banking, including a process “to study the potential separation into an independent company that would be listed on a stock exchange.” The aim is “to accelerate growth profile, scale and profitability of Tietoevry Banking, and… Read More

July 25, 2022 @ 8:20 am By Omar Faridi  |  

The FBI recently issued a Public Service Announcement to “warn American citizens about a cryptocurrency scam using an investment strategy called Liquidity Mining in which scammers exploit owners of cryptocurrency, typically Tether (USDT) and/or Ethereum (ETH).” The scammer “builds a professional or personal relationship with… Read More

July 24, 2022 @ 9:26 pm By JD Alois  |  

Later this month, the US government will release GDP numbers which may or may not indicate the economy is in a recession. The White House is already taking steps to prepare for a potentially negative report. A recession is typically defined as two-quarters of negative… Read More

July 24, 2022 @ 7:42 pm By Omar Faridi  |  

IQM Quantum Computers, which claims to be the European leader in building superconducting quantum computers, announced that it has raised €128 million ($128m) in Series A2 funding led by World Fund to “expand its international business and accelerate product development to tackle the world’s most… Read More

July 24, 2022 @ 6:47 pm By Omar Faridi  |  

Judith Hartley has been appointed CEO of British Business Investments, which is one of the British Business Bank’s commercial subsidiaries. Judith Hartley, who was appointed acting CEO of British Patient Capital and British Business Investments in September 2020, will “take up the permanent role of… Read More

July 23, 2022 @ 2:27 pm By Omar Faridi  |  

Branch, which empowers working Americans by helping businesses accelerate payments, announced findings from its fourth annual Branch Report, “a look at the financial, work, and lifestyle interests of today’s hourly workers.” Surveying over 3,000 hourly employees across a variety of sectors including food service, logistics,… Read More

July 23, 2022 @ 12:55 pm By Omar Faridi  |  

The number of APIs needed to “drive a business forward is only going to increase,” according to an update shared with CI. Gartner predicts that even with multiple API management platforms, “soon less than 50% of APIs will be managed by existing platforms as the… Read More

July 22, 2022 @ 3:37 pm By Omar Faridi  |  

TomoCredit, the immigrant founded credit card lending to more than 40 million credit-“invisible” immigrants and international students with no credit history in the U.S, announced that it raised $122 million in equity and debt. The investment round has attracted investors “including Morgan Stanley’s Next Level… Read More

July 22, 2022 @ 9:37 am By Omar Faridi  |  

Credit card chargebacks are reaching “crisis levels” for retailers on both sides of the Atlantic, according to a survey of U.S. and U.K. consumers published by Justt, the chargeback mitigation pioneer. Two-thirds of U.S. shoppers and 44% of British shoppers “have filed chargebacks in the… Read More

July 22, 2022 @ 8:53 am By JD Alois  |  

Fintech super app Curve has selected Eyal Galina as Chief Product Officer in push to boost its product offerings. Galina will report directly to Curve CEO Shachar Bialick. He will be responsible for Curve’s product roadmap and strategy helping to chart its goal of becoming… Read More

July 21, 2022 @ 9:47 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital “green” exchange licensed and regulated by the Monetary Authority of Singapore (MAS), announced the appointment of former Bank of England Senior Advisor Michael Sheren as President and Chief Strategy Officer (CSO) as the firm “strengthens its end-to-end suite of… Read More