General News

April 28, 2022 @ 10:38 pm By Omar Faridi  |  

The XYO Network (Coinbase: $XYO), which claims to be the “first” blockchain geospatial oracle network backed with cryptography, has reported “record” financial results for the full fiscal year “ending December 31, 2021.” Among its 2021 achievements, the company “doubled in revenue for the full fiscal… Read More

April 28, 2022 @ 8:25 am By Omar Faridi  |  

Over 8 million current accounts have reportedly been switched since a service making it a lot easier for clients to swap their banks or building society was introduced. The Current Account Switch Service (Cass) was introduced back in 2013 in order to remove all the… Read More

April 27, 2022 @ 9:38 am By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading Open Banking platform, has reinforced its reputation as an “industry innovator,” with the availability of its unique Variable Recurring Payments (VRP) API for sweeping and non-sweeping, “changing the way customers make and manage ecommerce payments, subscriptions, utility bills… Read More

April 26, 2022 @ 1:34 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC) recently announced that its Board of Directors has appointed Francis (Frank) La Salla, currently CEO of BNY Mellon’s Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of… Read More

April 26, 2022 @ 9:07 am By JD Alois  |  

Intigriti, a bug bounty and vulnerability disclosure platform, has raised €21,133,700 million in a Series B funding round, according to a company statement. The funding was led by Octopus Ventures, along with the Germany-based fund EnBW New Ventures. Previous investors and Intigriti’s largest shareholder, ETF… Read More

April 26, 2022 @ 9:00 am By Omar Faridi  |  

Compass Mining , which claims to be the first and largest online marketplace for Bitcoin mining hardware, hosting, and reselling, recently revealed the release of their Home Mining Guide, which “details information on set up, maintenance, repair, and research for home bitcoin mining.” As it exists, there are many “knowledge… Read More

April 25, 2022 @ 9:28 pm By Omar Faridi  |  

Utimaco, an international provider of cybersecurity and compliance solutions, recently announced that it has signed a Share Purchase Agreement with Celltick, a global provider or Public Warning Systems (PWS), Mass Notification Systems (MNS), and one of the largest CBC (Cell Broadcast Center) providers. Recent natural… Read More

April 25, 2022 @ 5:00 pm By JD Alois  |  

Regulation Crowdfunding (Reg CF) funding has dipped in Q1 2022 in comparison to Q1 2021, according to Crowdfund Capital Advisors (CCA). CCA states that US investment crowdfunding-backed companies raised $133 million in 1038 offerings during the quarter. Meanwhile, 226 issuers closed offering rounds a decline… Read More

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