General News

December 1, 2021 @ 2:55 pm By Omar Faridi  |  

STP Investment Services, an international, end-to-end investment operations service provider that supports over $340 billion in total assets, has reportedly acquired third-party fund administrator Tower Fund Services. The acquisition deal substantially increases STP’s alternative fund administration value proposition for its clients, “while simultaneously delivering Tower… Read More

December 1, 2021 @ 7:59 am By Omar Faridi  |  

The Bank of London has launched as the 6th principal clearing bank of the United Kingdom  with a mission to “lift communities and power the borderless economic infrastructure of the future.” Led by an executive team of industry pioneers and a board of international leaders,… Read More

November 30, 2021 @ 7:01 pm By Omar Faridi  |  

Elucidate, the financial crime risk scoring firm, has announced its business expansion into the US markets with an office in Miami, as part of the company’s goal to firmly establish itself as the international standard for benchmarking financial crime risk. Its US head offices confirm… Read More

November 28, 2021 @ 11:07 pm By Omar Faridi  |  

The Christmas buying season is currently underway for many of your company’s business customers, the MarketFinance team notes. UK-based MarketFinance, an established online lender that recently raised £280 million in debt and equity and was approved for flex loans, writes in a blog post that… Read More

November 28, 2021 @ 8:49 pm By JD Alois  |  

  Judith Hartley, CEO of British Patient Capital, says the performance of UK venture capital is a notable success story during a challenging period for businesses across the world British Patient Capital is a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s… Read More

November 28, 2021 @ 7:56 pm By JD Alois  |  

Australian Ethical has, a “responsible investment and fastest-growing super fund manager” with over $6 billion in Funds Under Management (FUM), has awarded $500,000 to fund climate and tech solutions in its inaugural 2021 Visionary Grants. The funding was made via the philanthropic entity the Australian… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 26, 2021 @ 10:58 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research group covering the global digitization of financial services, will be launching a new set of  tools to “provide interactive Fintech market data and visualizations to inform evidence-based decision-making.” The new tools will be available on… Read More

November 26, 2021 @ 10:18 am By Omar Faridi  |  

UK-based digital bank Monzo notes that since bringing clients a better way to pay later with their new product, Monzo Flex, they have seen significant demand from customers asking to be among the first to use it. Monzo is now inviting people who’ve asked for… Read More

November 25, 2021 @ 1:31 pm By Omar Faridi  |  

Canstar, one of Australia’s largest financial comparison sites, which claims to compare more brands than any other service provider, has confirmed the appointment of Angelo Demasi as Chief Product and Technology Officer. Demasi will be responsible for leading the firm’s digital transformation/innovation strategy, enhancing Canstar’s tech… Read More

November 24, 2021 @ 8:13 pm By Omar Faridi  |  

Drip Capital, Inc., a digital cross-border trade finance platform providing financing solutions to small and medium businesses, is pleased to confirm that Rahul Nath has joined the firm’s leadership team as the Product Head. With head offices in Palo Alto, California, Rahul brings more than… Read More

November 23, 2021 @ 8:09 am By Omar Faridi  |  

UK Finance notes in an update that it brought the payments industry together to “consider the future opportunity for open banking payments and how the market could collaboratively shape that future.” There are now more than 2.5 million Open Banking payments every month compared to… Read More

November 22, 2021 @ 9:22 am By JD Alois  |  

Jerome Powell has been renominated by President Joe Biden to continue on as the Chairman of the Federal Reserve. Dr. Lael Brainard was selected to serve as Vice-Chair of the Board of Governors of the Federal Reserve System. In recent days there has been much… Read More

November 22, 2021 @ 8:06 am By Omar Faridi  |  

The Nationwide House Price Index for the UK reveals that the price of a typical home has exceeded £250,000 “for the first time.” As noted in a blog post by Blend Network, the annual house price growth “remained close to double digits for the sixth… Read More

November 21, 2021 @ 4:24 pm By Omar Faridi  |  

The team at Blockstream notes in a report that Bitcoin is on track for its worst weekly drop in over 6 months. Blocktream writes in a blog post that declines this past week looked to be driven by “continued deleveraging and perhaps also exacerbated by… Read More

November 20, 2021 @ 2:33 pm By Omar Faridi  |  

GB Group plc (AIM:GBG), which claims to be an expert in digital location, identity and identity fraud software, has announced that it reached an agreement to acquire Acuant, an identity verification and KYC/AML compliance provider, for a cash-free, “debt-free” enterprise value of $736 million. The… Read More

November 20, 2021 @ 9:32 am By Omar Faridi  |  

Digital assets firm Kraken notes that in the fast-paced world of virtual currencies, every second counts when you’re moving funds around. Kraken writes in a blog post that establishing the bridges that enable seamless transactions from legacy banking platforms to the “ever-growing” number of blockchain… Read More

November 20, 2021 @ 9:28 am By Omar Faridi  |  

The Metis team has launched the platform’s Mainnet Andromeda, a move that confirms a commitment to greater decentralization of Internet-based services. $METIS will launch its inaugural Layer 2 mainnet, Andromeda, Friday Nov 19, 3 pm UTC. Join our launch livestream w/ partners @AssxToken @Metacraftpro @standarddefi… Read More

November 19, 2021 @ 6:38 pm By Tony Zerucha  |  

Snoop Dogg, deadmau5 and Polygon Network founder Sandeep Nailwal are among the new members to join VC Outlier Ventures’ Outlier Ventures Partnership. They will invest in and advise startups going through Outlier Ventures’ Base Camp accelerator, dubbed the Y-Combinator of the Metaverse. Established in 2014,… Read More

November 19, 2021 @ 6:15 pm By Omar Faridi  |  

FIA (Futures Industry Association) announced on November 2, 2021 that it has released a report calling on participants in the futures and options sector to work cooperatively on an initiative to enhance the overall efficiency of the trading and clearing process for exchange-traded derivatives. The… Read More