General News

October 10, 2021 @ 12:49 pm By Omar Faridi  |  

UK-headquartered Darlington Building Society has confirmed the selection of a new onboarding system provided by ieDigital. The building society stated that its updated system will give members the option to open up accounts online in a streamlined manner. It will also offer various self-service options… Read More

October 10, 2021 @ 11:53 am By Omar Faridi  |  

Binance.US announced on October 8, 2021 (Friday) that Brian Shroder has been appointed Chief Executive Officer. Shroder was appointed President of Binance.US in September of this year and has been assisting with leading the firm’s strategy and execution, fundraising, business and corporate development “as well… Read More

October 10, 2021 @ 9:18 am By Omar Faridi  |  

Bank of America (NYSE: BAC) is reportedly the first financial services company to introduce virtual reality (VR) training in almost 4,300 financial centers nationwide. As mentioned in a release, this training tech will allow around 50,000 workers to practice “a range of routine to complex… Read More

October 9, 2021 @ 7:45 pm By Omar Faridi  |  

Monese, the pan-European Fintech firm, reveals that it has appointed Atul Choudrie to the MD role at its banking-as-a-service (BaaS) division; Steve Tryner as Chief Financial Officer; and Stephen Chang as VP Operations at Monese. As first reported by Finextra, these appointments aim to bring… Read More

October 9, 2021 @ 12:32 pm By Omar Faridi  |  

Alto Solutions, Inc., the next-gen self-directed IRA platform that aims to make it easier to invest in alternative assets using retirement funds, reveals that it will be removing the monthly account fee for all CryptoIRA accounts. As mentioned in an update shared with CI, this… Read More

October 9, 2021 @ 10:18 am By Omar Faridi  |  

CoinShares International Limited (Nasdaq First North Growth Market: CS) is pleased to confirm a strategic investment of $11,845,790 in FlowBank, an online bank based in Geneva, Switzerland. Following the investment, CoinShares “holds 110,000 shares in FlowBank, representing 9.02% of its enlarged share capital,” according to… Read More

October 8, 2021 @ 9:57 am By Omar Faridi  |  

Manchester-based payments Fintech Total Processing has reportedly made three new hires with the appointment of Phil Astall as Chief Operating Officer, Harry Luscombe as Commercial Director and Jonathan McGee as Finance Manager. Previously a Global Senior Director at travel company Expedia, Phil Astall joins with… Read More

October 8, 2021 @ 8:26 am By Tony Zerucha  |  

While more than 40 per cent of businesses in the United Kingdom have accessed external finance this year, the economic impact could be far greater, the British Business Bank’s first annual Regions and Nations Tracker reveals. The problems begin with a lack of local investors… Read More

October 8, 2021 @ 8:14 am By Omar Faridi  |  

UK-based CapitalRise, a prime property finance platform, has announced that it made several new appointments, after recording significant growth during H1 2021. As part of a strong year, in terms of overall performance, CapitalRise has now funded prime real estate assets valued at more than… Read More

October 7, 2021 @ 2:25 pm By Tony Zerucha  |  

Latino-owned businesses have shown signs of strength in the current economy, but they have also suffered, findings from the annual Biz2Credit Latino-Owned Business Study show. At $258,251, the average annual revenue for Latino-owned businesses in 2020-21 was $82,535 lower than their revenues the previous year… Read More

October 6, 2021 @ 11:50 pm By Omar Faridi  |  

Overalls, which claims to be the first personalized, all-in-one protection platform, is “shaking up” how worker benefits are packaged by taking an innovative approach to insurance that “combines life, personal-line and entirely new protection products into algorithmically optimized and personalized portfolios to celebrate life’s ups… Read More

October 6, 2021 @ 7:48 am By Omar Faridi  |  

Meniga, the leader in personal finance banking solutions, has teamed up with the Portuguese national financial group, Crédito Agrícola Group, in order to introduce its green banking solution, ‘Carbon Insight’ in Portugal. Meniga’s ‘Carbon Insight’ – which becomes the first bank-based carbon footprinting solution to… Read More

October 5, 2021 @ 9:47 pm By Omar Faridi  |  

Encode Club and BitDAO have announced a long-term partnership in order to educate and “accelerate” blockchain talent. Using Encode’s expertise and talent network, the program will aim to be “one of the most significant educational initiatives in open finance and the decentralized economy.” As stated… Read More

October 5, 2021 @ 7:48 pm By JD Alois  |  

California Governor Gavin Newsom has signed the California Banking Act into law. The legislation establishes the BankCal Program (BankCal) to provide Californians with zero-fee and zero-penalty transaction accounts and debit card services. HISTORIC! Today Governor @GavinNewsom signed #AB1177, the California Public Banking Option Act, which… Read More

October 5, 2021 @ 9:50 am By Omar Faridi  |  

Duality Technologies, a provider of privacy-enhanced data collaboration solutions, reveals that it has secured $30 million via a Series B round, bringing its total funding to $49 million. The company’s round was reportedly led by LG Technology Ventures along with contributions from Euclidean Capital and… Read More

October 5, 2021 @ 7:43 am By Omar Faridi  |  

A significant 92% of consumers given Earned Wage Access (EWA), a service that allows people to get paid as they earn, said that it helped them to settle bills on time, “avoid overdraft fees and payday loans, and become less dependent on credit cards –… Read More

October 5, 2021 @ 6:00 am By JD Alois  |  

Former Goldman Sachs executive Sheila Patel has joined the board of Antler, according to a statement by the company. Patel said she was attracted to Antler by its unique model – particularly its global approach to investment and focus on fostering diversity. “Where entrepreneurs innovate,… Read More

October 4, 2021 @ 11:06 am By Omar Faridi  |  

Optiver, a global tech-focused trading firm that’s dedicated to enhancing the market, has “exciting” news for students with “serious” coding skills. Optiver announced: “We’re inviting STEM students to join Ready Trader Go, a coding competition that dives into the fascinating world of algorithmic trading. While… Read More

October 4, 2021 @ 9:09 am By JD Alois  |  

Buy now, pay later (BNPL) services are poised to replace credit cards as the preferred payment method for higher-cost purchases. By automating the borrowing process, consumers may save money by paying a lower interest rate in an installment loan-like service. BNPL’s have boomed in the… Read More

October 3, 2021 @ 8:54 pm By Omar Faridi  |  

HSBC and Temasek revealed that they’ve formed a partnership in order to launch a $150 million debt financing platform that’s aimed at supporting sustainable infrastructure initiatives with a special focus on Southeast Asia. This project is reportedly a part of efforts to address climate change… Read More