General News

March 17, 2020 @ 10:55 pm By JD Alois  |  

The Coronavirus is not only impacting the literal health of the world but it is poised to clobber startup funding – along with the rest of the global economy. According to a report by CBInsights, startup funding may tank more than 16% during Q1. You… Read More

March 17, 2020 @ 4:07 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that lobbies on behalf of state and provincial regulators, is “urging the Securities and Exchange Commission (SEC) not to move forward with its proposal to expand access to high-risk private securities offerings to individual investors.” NASAA… Read More

March 17, 2020 @ 3:23 pm By Omar Faridi  |  

Liv, the digital banking division of Emirates NBD, a Dubai government-owned banking institution and one of the largest financial institutions in the Middle East, is planning to provide customers instant access to their credit scores, with just a single click. The Al Etihad Credit Bureau… Read More

March 17, 2020 @ 11:51 am By JD Alois  |  

Funding London, an investment vehicle provided by the Mayor of London, has backed 26 female founders, according to a note from the fund. Founded in 2004 by Maggie Rodriguez Piza on behalf of the Mayor of London, since inception Funding London has backed 673 SMEs… Read More

March 17, 2020 @ 8:42 am By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, announced on Tuesday it is now offering free financial advice on a remote basis during the coronavirus outbreak. CEO and Founder of the deVere Group, Nigel Green stated that he and his team are launching Contactless Advice for four reasons:… Read More

March 16, 2020 @ 6:55 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Denis Georgiyevich Sotnikov and entities he controlled for allegedly participating in a scam to trap U.S. investors into buying fictitious Certificates of Deposit (CDs) via “spoofed” websites.  The SEC states that $26 million was stolen from investors…. Read More

March 16, 2020 @ 4:02 pm By Omar Faridi  |  

Approximately $40 trillion of physical oil and gas is traded in global markets each year and anywhere between 3 to 5% of that value evaporates, because of opaque and fragmented product quality information. Validere, a developer of an informatics platform that allows energy firms to… Read More

March 16, 2020 @ 1:30 pm By JD Alois  |  

The Coronavirus spawned market meltdown is impacting all aspects of society. Both small and large firms are attempting to assess how to survive while staying healthy. Every company that is able to is work remotely has already migrated to a virtual environment. Access to capital… Read More

March 16, 2020 @ 7:23 am By Omar Faridi  |  

The ING Group, a Dutch multinational banking and financial services corporation based in Amsterdam with over $1 trillion in assets, has reportedly contributed €4.5 million (appr. $5 million) to a $42 million investment round in Eigen Technologies, a natural language processing (NLP) solution provider. The… Read More

March 15, 2020 @ 5:29 pm By JD Alois  |  

In an unprecedented action, the US Federal Reserve reduced its primary credit rate by 150 basis points to 0.25 percent, effective March 16, 2020. This reduction in the primary credit rate reflects both the 100 basis point reduction in the target range for the federal… Read More

March 14, 2020 @ 11:49 am By JD Alois  |  

Like many jurisdictions around the world, the European Union has announced extraordinary measures to combat the Coronavirus, or COVID-19, including measures to mitigate the impact the illness will have on SMEs. In a statement yesterday, the Commission said it considers the COVID-19 pandemic as qualifying as… Read More

March 13, 2020 @ 2:48 pm By JD Alois  |  

The European Bank for Reconstruction and Development (EBRD) has annunced a €1 billion “Solidarity Package” of measures to help companies across its regions deal with the impact of the coronavirus pandemic. The EBRD said this is an initial response to the crisis and the Bank… Read More

March 13, 2020 @ 2:16 pm By Omar Faridi  |  

The ongoing competition between traditional banks and innovative Fintech firms might be coming to an end or is already over, according to Barclays, a British multinational investment bank and financial services company with over $1.2 trillion in assets. A recent report from the London-headquartered investment… Read More

March 13, 2020 @ 2:06 pm By JD Alois  |  

In a sign of the rather desperate times, Bookmaker.eu has posted odds on Coronavirus impact events. As professional sports events are shuttered and pretty much all school events have been postponed, the oddsmaker claims that necessity is the mother of invention. Current event trader Rick… Read More

March 13, 2020 @ 1:53 pm By Omar Faridi  |  

Phos, a software development firm, has introduced a pilot program with payments giant Mastercard, which involves the launch of a new mobile-based solution that will allow merchants to process contactless payments. The new payment option is available on all Android smartphones without requiring any additional… Read More

March 13, 2020 @ 12:55 pm By JD Alois  |  

Innovate Finance has decided to cancel its annual event, IFGS, the flagship event of UK Fintech Week. IFGS was scheduled to take place on April 20-21 at Guildhall, London. Innovate Finance joins a growing list of events and conferences that have been canceled or postponed due… Read More

March 13, 2020 @ 12:36 pm By JD Alois  |  

Former SEC Commissioner Paul Atkins and Colleen Sullivan, CEO of CMT Digital, have joined the Board of Advisors of the Chamber of Digital Commerce. Atkins, who is currently CEO of Patomak Global Partners, issued the following statement on the news: “I am pleased to join… Read More

March 13, 2020 @ 11:36 am By Andrew Mitchell  |  

It is fair to say that Brexit dominated headlines in the final few years of the 2010s. After the UK made the historic decision to forge its own future outside of the European Union [EU], many people and businesses were naturally concerned as to what… Read More

March 12, 2020 @ 5:06 pm By JD Alois  |  

Representative Patrick McHenry, Ranking Member on the House Financial Services Committee, has proposed legislation to crowdfund a vaccine for the Coronavirus entitled “Crowdfunding to Combat the Coronavirus Act.” The bill creates a $1 billion prize for anyone that develops a vaccine for COVID-19 that is… Read More

March 12, 2020 @ 9:10 am By Omar Faridi  |  

New York-based Nasdaq stock exchange has reportedly acquired Solovis, an asset management company. The acquisition by the world’s second-largest stock exchange by market cap will complement its 2017 purchase of eVestment, a buy-side analytics platform. There are more than 600 institutional clients that use the… Read More