General News

November 19, 2021 @ 11:00 am By Omar Faridi  |  

ACA Group and Foreside Financial Group, LLC, which are both providers of governance, risk, and compliance (GRC) solutions to customers in the financial services sector, have announced that they have entered an agreement to “combine their two companies.” Genstar Capital, a private equity firm, invested… Read More

November 18, 2021 @ 9:01 pm By Omar Faridi  |  

VAST Data, the storage software firm focused on breaking “decades-old” tradeoffs, has announced that the Jump Trading Group chose VAST’s performant, low-latency Universal Storage as the foundation to its high-performance computing (HPC) Cloud infrastructure. As an international research-based trading company, the team at Jump includes… Read More

November 18, 2021 @ 11:39 am By Omar Faridi  |  

OSTTRA’s TriOptima, an infrastructure service that aims to reduce costs and mitigates risk in OTC derivatives markets, has announced a triBalance credit optimization rebalancing initiative that “reduces risk in multiple central counterparties (CCPs), including LCH CDSClear and ICE Clear concurrently.” As mentioned in the announcement,… Read More

November 18, 2021 @ 10:46 am By Omar Faridi  |  

Envestnet, Inc. (NYSE: ENV) announces that it is teaming up with SIMON Markets LLC in order to provide  access to, and the management of structured investments that can offer income and protection strategies for customer portfolios. As mentioned in the announcement, Envestnet’s integration plan should… Read More

November 18, 2021 @ 3:00 am By Tony Zerucha  |  

Over the past two years, a solid e-commerce strategy has proven to be a must for every business, but such a strategy has to be carefully implemented in order to maximize revenue while also minimizing fraud, Forter’s general manager for EMEA Aaron Begner said. Founded… Read More

November 17, 2021 @ 10:55 am By JD Alois  |  

Balderton Capital, a venture capital firm that has backed numerous Fintechs, says it has raised $600 million in a new fund focused on early-stage European firms. This is its second fund for 2021. In the past two decades, Balderton has raised around $4.5 billion across… Read More

November 17, 2021 @ 7:43 am By Omar Faridi  |  

Deloitte has entered an alliance with tech firm Ava Labs in order to support a new disaster recovery platform that leverages the Avalanche blockchain to “help state and local governments easily demonstrate their eligibility for federal emergency funding.” As mentioned in the announcement: “Developed with… Read More

November 16, 2021 @ 4:00 pm By Omar Faridi  |  

Synonym Software Ltd, a firm founded with the goal of bringing self-ownership and control to the crypto-asset ecosystem by “creating an open and free web of trust” has officially launched today (on November 16, 2021). As mentioned in an update shared with CI, the preface… Read More

November 16, 2021 @ 7:24 am By Omar Faridi  |  

On November 14th, 2021, block height 709,632, Bitcoin’s (BTC) Taproot upgrade was activated. This critical update brings with it several important enhancements to the overall flexibility, security, and efficiency of BTC transfers. And as Bitcoin’s first protocol upgrade in more than 4 years, it’s a… Read More

November 16, 2021 @ 6:58 am By Omar Faridi  |  

TP ICAP Group, a provider of market infrastructure, reveals that it has appointed Sebastien Rozes to serve as Regional CEO for the EMEA region, currently subject to approval from the UK Financial Conduct Authority (FCA). Sebastien, based out of London offices, is an experienced financial… Read More

November 14, 2021 @ 8:06 pm By Omar Faridi  |  

Switzerland’s digital challenger bank YAPEAL reveals that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension in order to provide cross-border services to international clients. As mentioned in the announcement, the services include national payments, cross-border  transfers, a Visa debit card… Read More

November 14, 2021 @ 7:48 pm By Omar Faridi  |  

ShapeShift DAO, a decentralized, non-custodial crypto platform and community, reveals that it has formed a partnership with ICHI in order to launch a new stable token. As mentioned in an update shared with CI: “Through the provision of a Decentralized Monetary Authority (DMA), ICHI empowers… Read More

November 13, 2021 @ 6:47 pm By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) has announced the launch of the Retail Trading Activity Tracker, which is a new dataset that aims to offer reliable information into the trading activity of self-directed retail investors in the U.S. equity market. The Retail Trading Activity Tracker has been designed… Read More

November 13, 2021 @ 10:37 am By Omar Faridi  |  

Standard Chartered (LON: STAN) has reportedy tapped the SAP Multi-Bank Connectivity solution and has also joined as a member bank, “aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new… Read More

November 11, 2021 @ 11:56 pm By Omar Faridi  |  

The Open Identity Exchange (OIX) has confirmed the appointment of Mags Moore as Chairperson of the OIX Board. Within the role, Moore will be responsible for leading the OIX Executive Committee and Board, in order to set the OIX strategy, “driving forward the OIX position… Read More

November 11, 2021 @ 8:27 am By Omar Faridi  |  

CryptoUK, the “trusted” voice of the United Kingdom’s crypto-assets industry, revealed on November 11, 2021, that it has appointed Rob McWilliam as its new non-executive director (NED). McWilliam has held key executive roles at two of the “most customer-centric” companies in the world, as finance… Read More

November 10, 2021 @ 8:44 am By Omar Faridi  |  

The developers of Sovryn, a Bitcoin-native app supporting decentralized lending, notes in a blog post that we are all in the middle of a truly historic transition from a global economy largely based on fiat money to an economic system based on crypto-assets and dominated… Read More

November 9, 2021 @ 9:19 am By Omar Faridi  |  

izumi Finance, a protocol that’s focused on providing liquidity as a service through Uniswap Ver 3.0, has raised $2.1M in funding from established decentralized finance (DeFi) industry investors. Izumi’s round has was led by Mirana Ventures and includes participation from Everest Ventures Group, Youbi Capital,… Read More

November 9, 2021 @ 7:42 am By Omar Faridi  |  

Klarna, the international retail bank, payments and shopping service with 90 million users across the globe, has officially launched operations in Ireland today. As mentioned in the announcement, Klarna will aim to empower Irish consumers with a better overall shopping experience and improved control, transparency… Read More

November 8, 2021 @ 8:02 pm By Omar Faridi  |  

Fintech firm Current reveals that they’re pleased to confirm that Ravi Bhatia has joined the company as the Head of Credit. Ravi comes to Current after almost 15 years of leading global financial teams in credit risk, oversight, analytics, strategy and partnerships “with an expertise… Read More