General News

February 12, 2020 @ 8:42 pm By Omar Faridi  |  

The global artificial intelligence (AI) market size is projected to hit $390.9 billion by 2025. The market is expected to achieve a compound annual growth rate of 46.2% from 2019 to 2025. AI is a major technological innovation along with Big Data advancements, machine learning… Read More

February 11, 2020 @ 11:03 am By JD Alois  |  

This week the White House, via the Office of Management and Budget (OMB), released the proposed federal budget for 2021. According to the White House, the plan seeks to balance the budget within 15 years by proposing $4.6 trillion in deficit reduction. Debt, as a… Read More

February 11, 2020 @ 1:41 am By Omar Faridi  |  

The field of quantum computing, which breaks away from the traditional binary computing model, has made considerable advancements in the past 20 years. The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, has been exploring different… Read More

February 10, 2020 @ 12:13 pm By Samantha Hurst  |  

CaixaBank, a retail banking group based in Spain, announced on Monday it has teamed up with RCD Espanyol de Barcelona to launch the Spanish football team mobile app. The duo reported that the app will include an integrated “wallet” in order to boost commercial services,… Read More

February 10, 2020 @ 8:00 am By JD Alois  |  

Crowdfund Capital Advisors (CCA) and its co-founders have been a leading voice advocating on behalf of online capital formation since Sherwood “Woodie” Neiss and Jason Best helped to create the language of the JOBS Act law that legalized securities crowdfunding in the United States. Neiss… Read More

February 9, 2020 @ 11:07 pm By Samantha Hurst  |  

Bitmain Technologies, a China-based consumer-grade ASIC miner, recently address fraudulent usage of websites Bitmain.farm and Antminersmiling.com. The company reported it discovered some websites that have been impersonating Bitmain and have been communicating with its existing customers under false pretense. “In order to protect the legitimate… Read More

February 9, 2020 @ 8:00 pm By Omar Faridi  |  

We recently caught up with Tim Carmody, Chief Technology Officer of IPC, a global leader in financial trading and communications technology solutions. Carmody, who has several decades of experience in designing and leading complex technology solutions for the trading community, discussed how Wall Street companies… Read More

February 9, 2020 @ 1:35 pm By Omar Faridi  |  

Hamburg-headquartered Receeve has secured €4 million through a seed funding round led by Mangrove Capital Partners and Speedinvest. The funds raised will be used to digitally transform Europe’s debt sector. Full stack of debt servicing Receeve says it will use technology and artificial intelligence to… Read More

February 9, 2020 @ 1:28 pm By Omar Faridi  |  

​The ​​US Department of Education is backing the nation’s higher education association’s research efforts into and tests of emerging blockchain or distributed ledger technologies (DLT). The American Council on Education confirmed on February 6 that it has acquired funding from the US Department of Education,… Read More

February 7, 2020 @ 10:56 am By Omar Faridi  |  

Intercontinental Exchange (ICE), the owner of the world’s largest stock exchange, the New York Stock Exchange (NYSE), with a market cap of almost $23 trillion, and also the owner of digital asset trading desk Bakkt, posted a record FY 2019, according to its fourth quarter… Read More

February 6, 2020 @ 11:16 pm By Omar Faridi  |  

The Asian Development Bank (ADB) has launched the ADB Ventures platform in order to channel investments and extend support to Asian firms that are creating platforms for achieving the United Nations’ Sustainable Development Goals (SDGs). ADB’s investment fund is taking contributions from several different partners… Read More

February 6, 2020 @ 4:12 pm By Omar Faridi  |  

Yseop, a 12-year-old France-based software development firm, recently introduced an enterprise-level natural-language generation (NLG) automated report generation solution, called the Augmented Analyst, in order to assist financial service providers with their digital transformation efforts. Yseop has reportedly worked cooperatively with Moody’s, BNP Paribas, and Sanofi… Read More

February 6, 2020 @ 1:20 pm By Omar Faridi  |  

Laybuy, an interest-free “buy now, pay later” payment solutions provider, is teaming up with UK’s WHSmith, in order to provide users the option to buy now and pay later through the WHSmith.co.uk website. Customers will be able to buy products now, and will receive their… Read More

February 6, 2020 @ 10:13 am By JD Alois  |  

This week, the SEC Small Business Capital Formation Advisory Committee met at the Commission to discuss access to capital around the country. Multiple presentations were delivered on the state of access to capital including one by the Office of the Advocate for Small Business as… Read More

February 5, 2020 @ 3:33 pm By JD Alois  |  

Former advisor to President Trump Jason Greenblatt will be speaking at the OurCrowd Global Summit taking place on  February 13th. Greenblatt is the Former U.S. Special Envoy to the Middle East and architect of President Trump’s Peace to Prosperity plan . This will be Greenblatt’s… Read More

February 5, 2020 @ 12:11 pm By Omar Faridi  |  

The Intercontinental Exchange (NYSE:ICE), one of the world’s largest derivatives and equities trading firms, has reportedly made giant online marketplace eBay a takeover offer that could value the company at well over $30 billion, The Wall Street Journal reported. The companies have not yet held… Read More

February 5, 2020 @ 10:43 am By JD Alois  |  

According to the UK government, Cathryn Ross has been appointed as the first Chair of the new Regulatory Horizon Council, a government-supported committee to make certain UK regulation keeps pace with innovation and enables it to thrive while safeguarding the public. Ross is currently the… Read More

February 5, 2020 @ 8:24 am By Omar Faridi  |  

Regulatory technology (Regtech) firm Encompass has reportedly won a £2 million grant from the Scottish Enterprise, in order to create an artificial intelligence (AI)-enhanced engine to complement its existing know-your-customer (KYC) product offering. The latest funding is part of an initiative with a total value… Read More

February 4, 2020 @ 11:13 pm By Omar Faridi  |  

Barclaycard, a major brand for credit cards at Barclays, a leading London-based multinational investment bank and financial services company, has confirmed a deal in which it will reportedly become the preferred payments partner for 60,000 e-commerce retailers hosted on BigCommerce’s software-as-a-service (SaaS) online platform. The… Read More

February 4, 2020 @ 11:11 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC) has introduced its Application Programming Interface (API) Marketplace, which offers its customers, business partners, and internal developers a single, unified, central location for APIs created by DTCC. Each API comes with a software development kit (SDK) and relevant… Read More