General News

December 14, 2021 @ 12:55 am By Omar Faridi  |  

The Pret Foundation has teamed up with Contactless Giving Week this December in order to raise awareness and support cashless fundraising for their ongoing work towards breaking the cycle of homelessness. Earlier in 2021, more than 40 Pret shops had been fitted with GoodBox contactless… Read More

December 13, 2021 @ 10:12 am By Omar Faridi  |  

MX, the financial data platform that claims to be a leader in modern connectivity, has announced that First Foundation Bank (NASDAQ: FFWM) has now gone live on the MXmobile platform for mobile banking, “staying true to First Foundation Bank’s digital strategy of delivering modern, engaging… Read More

December 12, 2021 @ 7:17 pm By Omar Faridi  |  

Only a week after firing 900 workers via a Zoom conference call, Vishal Garg has decided that he’ll be “taking time off effective immediately” from his role as company CEO of digital mortgage platform, Better.com. In an email sent to employees, reviewed by Vice, the… Read More

December 12, 2021 @ 5:00 pm By JD Alois  |  

Laurel Road, a digital banking platform and a subsidiary of KeyBank, says that younger people are stressed about their finances, something that should come as no surprise as inflation goes through the roof and the federal government is on a spending spree. In a survey… Read More

December 12, 2021 @ 1:56 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis recently announced product support for the Lightning Network (LN), which is a Layer-2 protocol built on the Bitcoin (BTC) blockchain that enables “faster, cheaper transactions.” With Lightning, small, recurring transactions that wouldn’t be economical to carry out on the blockchain due… Read More

December 11, 2021 @ 3:55 pm By JD Alois  |  

Elron Ventures, an Israeli early-stage investment firm, has added multiple “domain experts” to join their Advisory Board. They are Jeff Trudeau, CISO of Chime, Gil Gur Arie, Chief Global Data Insights & Analytics at Ford Motor Company, Al Ghous, CISO of Snapdocs and Co-Founder of… Read More

December 10, 2021 @ 10:49 am By Omar Faridi  |  

In less than six months, the Mass Fintech Hub, a public-private partnership dedicated to making the Commonwealth a key player in Fintech, has more than doubled its membership and received “hundreds of requests to join its growing programming geared towards developing fintechs.” As mentioned in… Read More

December 9, 2021 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of the Advocate for Small Business Capital Formation, is a relatively new entity at the SEC. The Advocate was created in recognition of the fact that smaller firms in need of growth capital too frequently get ignored by… Read More

December 8, 2021 @ 10:55 am By JD Alois  |  

Cyber risk is the biggest threat to financial markets in 2022, according to a statement by The Depository Trust and Clearing Corporation (DTCC). This pronouncement should come as no surprise as the news is replete with reports of hacks and breaches by all kinds of… Read More

December 8, 2021 @ 7:47 am By Omar Faridi  |  

Metro Bank (LSE:MTRO), the United Kingdom’s community bank, has introduced its Magic Money Christmas Tree marketing campaign with the goal to raise funds via a gold coin mechanism for various children’s charities through its 78 stores. Created by Metro Bank’s in-house studio and domestic agencies… Read More

December 7, 2021 @ 8:16 pm By Tony Zerucha  |  

As 2022 looms for the e-commerce industry, it will be shaped by several key factors, Forter president Liron Damri believes. He said regulation will play an even more significant role than it has in the past, especially for companies dealing with the European Economic Area… Read More

December 6, 2021 @ 9:36 pm By Omar Faridi  |  

PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) Series C round of funding raising from international financial institutions – which includes Bain Capital, Lending Ark Asia Secured Private Debt… Read More

December 6, 2021 @ 9:49 am By Omar Faridi  |  

ForwardAI, a Fintech offering aggregated access to accounting & business data and analysis, collaborated with LendIt Fintech, which is focused on innovation in lending and virtual banking, in order to release a whitepaper/survey on how direct data access “improves small business lending.” The report highlights… Read More

December 5, 2021 @ 6:48 pm By Omar Faridi  |  

Classiq, which offers a breakthrough Quantum Algorithm Design platform, has announced that it is working with NTT DATA to implement ‘”novel” credit risk analysis algorithms using quantum computers. Credit risk analysis “exists to determine the creditworthiness of borrowers or vendors to quantify and limit the… Read More

December 3, 2021 @ 2:26 pm By Omar Faridi  |  

DAI confirms that it has acquired MicroVest Capital Management, one of the major lenders to “responsible” finance institutions—an acquisition that will “expand the capabilities of DAI’s investment management arm, DAI Capital.” Established in 2003, MicroVest is a registered investment adviser that “allocates private investments to… Read More

December 3, 2021 @ 11:09 am By JD Alois  |  

Tinkoff has been named Bank of the Year in Russia at the Bank of the Year Awards 2021, according to a statement distributed by the bank. The  recognition was delivered by The Banker, a publication that is part of the Financial Times Group. Tinkoff says… Read More

December 2, 2021 @ 10:47 pm By Omar Faridi  |  

BNP Paribas Asset Management (BNPP AM) has reportedly announced several appointments within its Sustainability Centre in order to accelerate and strengthen its sustainable investment offering. As mentioned in an update shared with CI: “At the core of BNPP AM’s approach to sustainability, the Sustainability Centre… Read More

December 2, 2021 @ 3:46 pm By Omar Faridi  |  

Decentralized application platform Moralis welcomes Craig Hammel to its team as a senior technical advisor. Appointing Craig Hammel, the first engineering hire of Coinbase, should bring his expertise to the Moralis project and improve the initiative’s capacity to “scale and encompass more blockchains.” Hammel will… Read More

December 2, 2021 @ 9:15 am By JD Alois  |  

Ransomware attempts are said to rise by 30% monthly, on average, during the holidays, according to a note by Darktrace. The cybersecurity firm says that its researchers are comparing global data from 2018 to 2020 When comparing November and December to January and February, the… Read More

December 2, 2021 @ 12:01 am By Omar Faridi  |  

Global crypto trading platform BitMEX. which was hit earlier this year with a $100 milllion penalty pertaining to CFTC action claiming illegal trading, AML violations and other charges, has announced the launch of BitMEX EARN. This interest-bearing product “offers the highest annual percentage rate (APR)… Read More