General News

December 20, 2023 @ 11:12 am By Omar Faridi  |  

In the 2023 edition of its report on corporate governance and executive compensation in listed companies, the Autorite des Marches Financiers (AMF) reviews “the regulatory developments of recent months and assesses the quality of the information published.” The AMF makes recommendations to “improve the information… Read More

December 20, 2023 @ 7:50 am By Omar Faridi  |  

Torstone Technology, an SaaS platform for post-trade securities and derivatives processing, is pleased to announce that Davy Capital Markets, Ireland’s capital markets firm and a member of the Bank of Ireland Group, has gone live “on the Torstone Post Trade Platform.” The deployment reportedly marks… Read More

December 19, 2023 @ 11:58 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has signed a Memorandum of Understanding (MOU) with the People’s Government of Heilongjiang Province (Heilongjiang Government) to “strengthen cooperation and to support listings of Heilongjiang companies on Hong Kong’s equities market.” Under the… Read More

December 19, 2023 @ 10:00 pm By Omar Faridi  |  

Atom bank, the UK’s app-based bank, is boosting Durham University’s Women in Technology program with two new scholarships aimed “at prospective female students from low-income backgrounds.” The Women in Technology program was inspired “by globally recognized tech leader Dr Anne-Marie Imafidon MBE, and was founded… Read More

December 19, 2023 @ 7:12 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the 29th edition of the Reality Check: Paycheck-To-Paycheck research series. The Credit Card Use Deep Dive Edition examines “the financial lifestyles of U.S. consumers and explores how… Read More

December 19, 2023 @ 10:22 am By Omar Faridi  |  

Betterment at Work, a provider of modern financial benefits for today’s diverse workforce, today released a new survey on the state of retirement readiness across the U.S. workforce. The report, which tracks year-over-year trends “from 2022, polled 1,000 full-time U.S. employees to examine how retirement… Read More

December 19, 2023 @ 8:34 am By Omar Faridi  |  

SellersFi, a global financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. The senior capital is provided “by Citi with a portion from Fasanara… Read More

December 19, 2023 @ 8:00 am By Omar Faridi  |  

The EIB Group (European Investment Bank, EIB, and European Investment Fund, EIF) has signed its fourth synthetic securitization transaction with BNP Paribas (EPA: BNP) since 2017. Similar to the three previous transactions, its investment will “support small and medium-sized companies while contributing to the transition… Read More

December 19, 2023 @ 7:09 am By Omar Faridi  |  

The UK economy is limping along while high interest rates and policy uncertainty take their toll on global growth, according to an update from KPMG. KPMG noted that activity has outperformed expectations, but the UK economy “remains weak and vulnerable to shocks.” Here are some… Read More

December 19, 2023 @ 6:29 am By Omar Faridi  |  

Juniper Square, the provider of partnership enablement to the private funds industry,  announced the hire of Kathie Jones as Chief Financial Officer (CFO). As CFO, Kathie will bolster and “manage financial planning, financial systems, and controls to support Juniper Square’s rapid growth.” She will be… Read More

December 18, 2023 @ 9:27 pm By Omar Faridi  |  

Chime is pleased to welcome Shara Chang to the company as Chief Compliance Officer. Shara reportedly “brings 15 years of financial services, fintech, and consumer protection experience to Chime.” She’s previously advised banks and high-growth companies “on regulatory compliance, risk management, and product development.” As… Read More

December 18, 2023 @ 12:48 pm By Omar Faridi  |  

Canapi Ventures, the fintech venture capital fund backed by nearly 70 financial institutions and strategic investors across the United States, announced earlier this month the raise of a $750 million Fund II. Canapi is backed by the Canapi Alliance, the fund’s unique network of strategic… Read More

December 18, 2023 @ 11:40 am By Omar Faridi  |  

Blend has shared the 2023 Mortgage Suite ROI Study. Jordan Brown, CEO of MarketWise Advisors LLC, has distributed the third annual Blend return on investment (ROI) impact analysis “conducted by MarketWise Advisors.” The study reportedly provides “an independent evaluation of Blend’s mortgage technology and its… Read More

December 18, 2023 @ 10:31 am By JD Alois  |  

While the Biden administration continues to tout the benefits of Bideneomics, the reality is different on Main Street. High inflation and high interest rates are having an impact on economic activity, and smaller firms are taking a hit because of it. According to a release… Read More

December 18, 2023 @ 7:54 am By Tony Zerucha  |  

M1, an investing platform that allows users to invest, borrow, spend, and earn in one place, this week released findings from its 2023 holiday shopping and saving survey, gleaned from insights from nearly 700 M1 users. The findings provide a comprehensive look into the significant… Read More

December 18, 2023 @ 7:50 am By Omar Faridi  |  

The laundering of “ill-gotten” cryptocurrency exerts a multifaceted impact on global financial and security landscapes, “presenting challenges for businesses, governments, and individuals alike,” according to an update from CertiK. CertiK notes in a blog post that for businesses, particularly those operating within the fintech and… Read More

December 17, 2023 @ 10:02 pm By Tony Zerucha  |  

An industry watcher believes 2024 will be a better year for Latin American companies seeking investment. Andrew Seiz is the vice president of capital markets and investor relations for Kueski, a large Latin American BNPL and online consumer lending provider. He has extensive experience in… Read More

December 16, 2023 @ 5:24 pm By Omar Faridi  |  

“Who’s calling now?” has become a “ubiquitous” question and a “sign of the times” for mobile users as fraud and spammers repeatedly target consumers through their phones. New research from TransUnion (NYSE:TRU) reveals that “around one-third of consumers experience fraud attempts multiple times per week,… Read More

December 16, 2023 @ 9:49 am By Omar Faridi  |  

U.S. retail investors are more scared about the prospect of losing money than possibly missing out on the next big opportunity according to new research from trading and investing platform eToro. eToro’s Rethinking Risk research reveals “that 61% of U.S. retail investors say that their… Read More

December 16, 2023 @ 8:41 am By Omar Faridi  |  

Promon, the provider of application shielding technology responsible for recently uncovering FjordPhantom, an emerging cyber threat targeting banks in Southeast Asia, reveals the findings of its research into “the susceptibility of the world’s top banking apps to this sophisticated new strain of malware.” In September… Read More