General News

April 25, 2022 @ 4:38 pm By JD Alois  |  

This is kind of interesting. Talmon Joseph Smith, an NYTimes.com economic reporter, is Tweeting that at least some Twitter  (NYSE:TWTR) employees are struggling with Elon Musk’s purchase of the social media company. Quoting internal slack discussions, at least one employee said they “feel like im… Read More

April 25, 2022 @ 4:28 pm By Omar Faridi  |  

Multiverse Computing, which claims to be an international leader in quantum computing solutions for the financial industry and beyond, recently announced the appointment of Karina Robinson as Senior Advisor. As noted in an update shared with CI, Robinson joins Multiverse with more than 10 years… Read More

April 25, 2022 @ 3:24 pm By JD Alois  |  

Twitter, Inc. (NYSE:TWTR) has agreed to be acquired by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion, according to a statement by the company. The news ended several weeks of posturing by both sides following the news… Read More

April 25, 2022 @ 2:56 pm By Omar Faridi  |  

Capitolis, the tech company reimagining capital markets, recently announced that it has grown its employee base by 50% “versus the same period last year as the company continues growing and scaling the business to meet customer demands and ongoing opportunities to innovate.” The investment in… Read More

April 24, 2022 @ 9:22 pm By JD Alois  |  

WeOwn has announced new cross-chain asset interoperability. WeOwn is a blockchain technology provider that targets the lending and equity capital space. Among other services, it aims to allow firms to raise capital via a digital securities or securities token offering. WeOwn is based in Munich,… Read More

April 22, 2022 @ 2:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) recently confirmed that it will transition all plastic credit and debit card products to be “made from at least 80% recycled plastic starting in 2023.” The company claims to be “the first U.S. based bank to make this commitment across… Read More

April 21, 2022 @ 12:15 pm By Omar Faridi  |  

First Internet Bank recently announced that Genevieve Lua has “joined its growing Small Business Administration (SBA) Lending team as a Vice President, Business Development Officer.” First Internet Bank Vice President, National SBA Sales Manager Mark Gibson said: “Genevieve’s people-first focus and relationship-building skills are important… Read More

April 21, 2022 @ 11:30 am By JD Alois  |  

According to a filing submitted to the Securities and Exchange Commission (SEC), Elon Musk has provided details on how an acquisition of Twitter (NASDAQ:TWTR) will be financed. The document outlines the specifics of the deal: A debt commitment letter, dated April 20, 2022, from Morgan… Read More

April 20, 2022 @ 10:23 pm By Omar Faridi  |  

Enso, the company making data analysis accessible to everyone, has launched out of stealth with $16.5M in funding “from SignalFire, Khosla Ventures, Day One Ventures, Decacorn Capital, Y Combinator, Samsung Next, Harvard’s Endowment, West Coast Endeavors, Innovation Nest, and more.” Enso’s open source platform “makes… Read More

April 20, 2022 @ 11:30 am By Omar Faridi  |  

  Stripe, a financial infrastructure platform for businesses, recently announced that James Phillips will be joining as President of Financial Services. James joins Stripe after spending about a decade working at Microsoft where he “helped scale the Digital Transformation Platform Group.” At Microsoft, James led… Read More

April 19, 2022 @ 9:49 pm By Omar Faridi  |  

UOB Malaysia confirmed that it will be appointing Ng Wei Wei as their very first female Chief Executive Officer, effective from May 1, 2022 and onwards. Ng Wei Wei will reportedly be succeeding Wong Kim Choong, who will leave the role after leading the banking… Read More

April 19, 2022 @ 8:34 am By Omar Faridi  |  

CipherTrace, a Mastercard Company, has reported a significant increase in the number of payments “made to ransomware groups in 2021.” The growth in this criminal enterprise “is so large that the first six months of 2021 saw payments that matched the whole of 2020.” With… Read More

April 19, 2022 @ 7:31 am By Omar Faridi  |  

Bank of America (NYSE: BAC) released its Q1 2022 financial report on Monday (April 18, 2022). The progress report from the bank exceeded industry analysts’ estimates, supported by the better-than-expected credit quality of the institution’s borrowers. Here are the key stats shared by Bank of… Read More

April 18, 2022 @ 10:47 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE and mobile gaming studio Fumb Games recently announced the release of Bitcoin Miner, which is “an idle mobile game that pays players real Bitcoin for managing a simulated crypto mining business.” The game represents “an interesting fusion of gaming and Fintech, as… Read More

April 18, 2022 @ 7:34 pm By Omar Faridi  |  

Obsidian Security, which claims to be the leader in SaaS Security and Posture Management (SSPM), recently announced $90 million in Series C financing “led by Menlo Ventures, Norwest Venture Partners and IVP, with participation from existing investors Greylock, Wing and GV.” Obsidian, which has now… Read More

April 18, 2022 @ 7:48 am By Omar Faridi  |  

Intercontinental Exchange, Inc. (NYSE: ICE), an international provider of data, tech and market infrastructure, has announced the launch of a data solution for the European Union Sustainable Finance Disclosure Regulation (EU SFDR). By requiring more transparency and standardization in the products offered by asset managers,… Read More

April 18, 2022 @ 7:45 am By Omar Faridi  |  

Technology is too often a “blindfold” when it should be a “microscope,” Oxford Risk has warned. Wealth managers or advisers risk failing investors on suitability “by not using technology appropriately to measure ESG preferences and being caught up in the ‘green rush’,” according to behavioral… Read More

April 17, 2022 @ 10:02 am By Omar Faridi  |  

Compt, an employee perk stipend software company “optimized” for today’s “more-flexible” workplace, recently announced a $13 million Series A investment “led by Battery Ventures.” The investment round comes after a year of steady growth, “nearly 500% ARR, and follows a prior seed financing round from… Read More

April 16, 2022 @ 7:15 pm By Omar Faridi  |  

Blockdaemon, which claims to be the largest institutional-grade blockchain infrastructure company for node management and staking, announced that it has added four new investors: Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Growth as it “continues its high-velocity growth powering the blockchain economy.” The firm… Read More

April 16, 2022 @ 11:49 am By Omar Faridi  |  

Data from Barclaycard Payments, which handles £1 in every £3 spent on credit and debit cards in the United Kingdom, reveals that many online businesses are still “not fully compliant with the new Strong Customer Authentication (SCA) regulation – which became mandatory for all transactions… Read More