General News

June 9, 2022 @ 11:17 pm By Omar Faridi  |  

Skolem Technologies, an institutional-grade asset management and execution services provider that enables investors “to access the DeFi markets in a safe, reliable way,” has announced that it raised $20 million in Series A funding. The investment round was led by Galaxy Digital and “included participation… Read More

June 9, 2022 @ 5:04 pm By Omar Faridi  |  

StoneX Group Inc., a “diversified” global financial services firm providing execution, risk management and advisory services, market intelligence, and clearing services across multiple asset classes and markets around the world, recently announced the launch of StoneX Digital LLC , a subsidiary dedicated “to providing institutional… Read More

June 9, 2022 @ 3:26 pm By JD Alois  |  

Fraud and scams will always persist. While the game largely remains the same the methods will change and adapt as technology allows. The cat and mouse process continues with bad actors looking to part honest money from good people and evade immediate detection. Meanwhile, there… Read More

June 9, 2022 @ 2:10 pm By Omar Faridi  |  

Compute North, a firm focused on sustainable, large-scale computing infrastructure, has announced the appointment of Satyen Yadav as Chief Technology Officer “to advance innovation in distributed computing services, including cloud computing for machine learning applications.” As covered, Compute North works with clients in the blockchain/DLT,… Read More

June 9, 2022 @ 9:24 am By JD Alois  |  

Louis Taylor will take over the reins of the British Business Bank as its new CEO beginning on October 1, 2022. The Bank is the UK’s economic development bank. Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Before joining… Read More

June 8, 2022 @ 10:08 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is looking to advise financial services firms with a new white paper that highlights the “risks of digital innovation.” The document is entitled “The Power of Technology Resilience: A Framework for the Industry,” and reviews the heightened risk… Read More

June 7, 2022 @ 1:18 pm By Omar Faridi  |  

ANZ recently announced its Australian and New Zealand based employees who are affirming their gender will be able “to access six weeks of paid leave, and up to 12 months’ unpaid leave.” The newly created Gender Affirmation Leave will support staff as they “undergo any… Read More

June 7, 2022 @ 12:44 pm By Omar Faridi  |  

Hong Kong-headquartered Allinfra, which is assisting institutions with meeting sustainability goals, has acquired $6 million in capital. The firm’s investment round has reportedly been led by international financial services group Nomura. Other investors in the round have not been named, however, the raise included new… Read More

June 7, 2022 @ 9:57 am By Omar Faridi  |  

Nationwide Building Society has reportedly extended its commitment to protect physical branch locations in cities and towns across the United Kingdom for at least another year as part of ongoing efforts to assist households amid the unprecedented rise in cost-of-living. The mutual lender stated that… Read More

June 5, 2022 @ 9:31 pm By Omar Faridi  |  

Cybersecurity has been around for many years, albeit initially “confined to antivirus software with a limited understanding of network security,” according to an update from Juniper Research. The “exponential” growth of interconnectivity and personal and business information online in the late 1990s and 2000s, and… Read More

June 5, 2022 @ 5:37 pm By Omar Faridi  |  

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, recently confirmed the addition of new corporate members, “including Google Cloud, Société Générale, American Express, Point72, Mirantis, and The Digital Dollar Project.” Building upon its 19 new Members in 2021 and… Read More

June 5, 2022 @ 3:07 pm By Omar Faridi  |  

Bored Ape Yacht Club (BAYC) has reportedly been compromised for the third time this year, with a hacker able “to steal and sell NFTs, making away with 142 ETH, equivalent to over $250,000.” The hacker conducted a phishing attack, “whereby they shared a fake phishing… Read More

June 4, 2022 @ 10:58 am By Omar Faridi  |  

Alviere, which claims to be the “leading” provider of enterprise software solutions that easily enable any brand to deliver a “full suite” of financial products and services to customers, fans, and employees, recently announced that it has appointed Wes Schmidt as the firm’s Chief Revenue… Read More

June 3, 2022 @ 10:30 am By Omar Faridi  |  

Vestwell, the modern Fintech engine powering savings and investment programs for small businesses and individual savers, recently announced that the Commonwealth of Virginia has selected it “as the program administrator for RetirePath VirginiaSM.” The partnership will “provide Virginians with access to a workplace retirement plan… Read More

June 2, 2022 @ 10:30 am By Omar Faridi  |  

AccuWeather, which claims to be the world’s “most accurate” and “most used” weather source, recently launched its AccuWeather API “in collaboration” with API3, a first-party blockchain oracle solution, providing a Web3 wrapper that enables Web API providers to offer AccuWeather’s weather data “directly on-chain.” The… Read More

June 2, 2022 @ 8:14 am By Omar Faridi  |  

First Internet Bank recently announced that it has “raised its minimum hourly wage for full-time employees to $20.00.” The move is in response “to rising inflationary economic trends and reflects the Bank’s overall commitment to attracting and retaining talented employees.” Nicole Lorch, President and Chief… Read More

June 1, 2022 @ 3:57 pm By Omar Faridi  |  

Pagaya, a global, data-driven financial technology company reshaping the future of finance, has announced Ashok Vaswani as its President. This additional key hire “is a pivotal next step to continue the company’s recent growth and expected ascent to becoming a publicly traded company in June.”… Read More

June 1, 2022 @ 7:46 am By Omar Faridi  |  

The United Kingdom’s cost of living crisis is leading to a considerable increase in consumers checking their credit score. This, according to a recent update from Lloyds Bank. Elyn Corfield, Managing Director Consumer Finance at Lloyds Bank said: “Almost 1 million people checked their credit… Read More

May 31, 2022 @ 10:07 am By JD Alois  |  

The House Committee on Financial Services has posted its calendar for the month of June. Of interest is a hearing scheduled by the Task Force on Financial Technology (Fintech) addressing the topic of “Tech Bro Culture.” Entitled “Combatting Tech Bro Culture: Understanding Obstacles to Investments… Read More

May 30, 2022 @ 7:12 pm By Omar Faridi  |  

Data from Mastercard’s (NYSE: MA) 2022 Borderless Payments Report has revealed “two in five (44%) global small and medium sized businesses (SMEs) fear they will never achieve the same revenue levels as before the pandemic, although online business and international sales offer a real lifeline.”… Read More