General News

August 10, 2021 @ 10:35 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (August 9) that for the week ending Agusut 8,… Read More

August 9, 2021 @ 11:38 pm By Omar Faridi  |  

In April 2021, lending firm E-Cash had reportedly informed European P2P lender Mintos of its intentions to begin closing down its business operations. Due to E-Cash having missed “regular settlement payments” to investors for 7 days and a wind-down process that ‘hadn’t yet been evaluated,”… Read More

August 9, 2021 @ 10:40 pm By Omar Faridi  |  

The Pakistan Software Houses Association had recommended to the State Bank of Pakistan (SBP) that IT firms should be permitted to use 20% of their export earnings to pay for foreign consultants, digital service providers, vendors (among other requirements) in order to conduct operations and… Read More

August 9, 2021 @ 10:00 pm By Tony Zerucha  |  

Seven of the top 15 Canadian industrial sectors saw declines in investment between 2015 and 2019, research from Canadian think tank the Fraser Institute shows. More industries saw declines in capital investment at one time than during any period since 1990. “In a troubling trend,… Read More

August 9, 2021 @ 9:28 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) has reportedly upgraded its benefits finders tool in order to assist struggling businesses or companies with understanding and connecting with State and federal Coronavirus crisis support measures as the nation starts to enter a new phase of lockdowns. Implemented as… Read More

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

The researchers and analysts at Pitchbook have released updated reports this month covering the global private debt market and the European private capital market. Following a “resilient” 2020, private debt fundraising has remained on a “steady course” during H1 2021, the update from PitchBook reveals… Read More

August 8, 2021 @ 9:32 pm By Omar Faridi  |  

Mobile wallet provider GCash has teamed up with Fintech firm Ayannah, a Philippines-based startup that aims to offer affordable and more accessible digital financial services. Through the partnership, the companies will be introducing GCash Padala. GCash Padala, a new remittance service, should enable GCash’s 40… Read More

August 6, 2021 @ 5:34 pm By Omar Faridi  |  

Sensibill has teamed up with CAARY in order to bring “robust” digital finance solutions to SMEs. Through the partnership, CAARY and Sensibill aim to assist Canadian businesses with tracking their spending and managing their finances. As stated in the announcement: “We’re pleased to share that… Read More

August 6, 2021 @ 2:43 pm By Omar Faridi  |  

Nymbus, an established provider of banking tech services, has secured $3 million in capital through a round that was led by OFG Ventures, LLC, which operates as a subsidiary of the OFG Bancorp (NYSE: OFG). As noted by its management: “A revolutionary alternative to the… Read More

August 6, 2021 @ 9:33 am By Omar Faridi  |  

Clearwater Analytics, a software-as-a-service or SaaS solution for investment accounting, reporting, and analytics, reveals that it has appointed Souvik Das as its new CTO. Das will be responsible for further developing the Clearwater Analytics’ SaaS platform with the latest modifications and enhancements. He has considerable… Read More

August 5, 2021 @ 7:59 pm By Omar Faridi  |  

ZSuite Technologies, a Fintech firm that aims to support community financial institutions with digital escrow products for commercial verticals, reveals that Jill Feiler has joined the company as Chief Client Officer. In her new role, Feiler will be tasked with ensuring client success with ZSuite’s… Read More

August 5, 2021 @ 6:39 pm By Omar Faridi  |  

yellow.ai, a customer experience (CX) automation platform, “trusted” by over 700 enterprises internationally, reveals that it has acquired $78.15M through a Series C round, which was led by WestBridge Capital along with contributions from Sapphire Ventures, and Salesforce Ventures. As noted in a release shared… Read More

August 5, 2021 @ 12:40 pm By Omar Faridi  |  

Branch, which assists businesses with streamlining payments to empower working US residents, has shared findings from its third annual Branch Report, which has examined the financial, work, and lifestyle interests of today’s hourly workers. As noted in an update shared with CI: “In surveying over… Read More

August 5, 2021 @ 9:55 am By Omar Faridi  |  

BlueVine, an established provider of innovative financial services for small businesses, reveals that it has teamed up with NEXT Insurance, a digital Insurtech firm that’s transforming small business insurance, in order to offer BlueVine clients with convenient access to customized, affordable insurance policies. As mentioned… Read More

August 4, 2021 @ 9:35 pm By Omar Faridi  |  

WeLab Bank, a digital bank that’s licensed by the Hong Kong Monetary Authority (HKMA), is celebrating its first anniversary with solid results. Since it began offering services in July 2020, WeLab Bank claims that it has raised “public expectations” of banking services with the launch… Read More

August 4, 2021 @ 10:29 am By Omar Faridi  |  

Nasdaq (Nasdaq: NDAQ) and LeveL ATS have revealed that Nasdaq has acquired a significant minority stake in LeveL ATS, an independently operated US Equity Dark Pool trading portal. Through this strategic investment, Nasdaq has reportedly joined owners such as Bank of America, Citi, as well… Read More

August 4, 2021 @ 10:21 am By Omar Faridi  |  

Hippo Holdings Inc (HIPO.WS) says it aims to improve homeowners’ insurance by leveraging customer data in order to make it quicker and simpler to obtain coverage. This, according to the Insurtech firm’s CEO. As reported by Reuters, Hippo is valued at $5 billion and went… Read More

August 3, 2021 @ 10:36 pm By Omar Faridi  |  

ABN Amro (AMS: ABN), a Dutch bank with headquarters in Amsterdam and currently the third-largest bank in the Netherlands, will be offering clients a sustainability discount on mortgage interest rates for energy-efficient homes. ABN Amro‘s management noted that they will be using the EU’s Energy Label… Read More

August 3, 2021 @ 10:19 pm By Tony Zerucha  |  

Allied Properties REIT has launched a $500 million series of green bonds. They are being offered by Scotia Capital, BMO Nesbitt Burns and CIBC World Markets. The debentures are Allied’s second green bond issuance under its previously announced Green Financing Framework. “This second green bond… Read More

August 3, 2021 @ 6:00 pm By Tony Zerucha  |  

New research with 100 leading hedge fund managers reveals widespread enthusiasm for quant strategies, SIGTech COO Andrew Little said. Collectively, the hedge fund managers surveyed manage over $231 billion in AUM across European, Asian and North American markets. Eighty per cent expect institutional investors to… Read More