General News

December 8, 2023 @ 11:12 am By Omar Faridi  |  

Multiverse Computing, a firm focused on value-based quantum computing solutions, and Moody’s Analytics, a global integrated risk assessment firm, are combining quantum algorithm expertise with leadership in risk management “to launch the QFStudio platform, an easy-to-use Software as a Service (SaaS) platform that provides a… Read More

December 8, 2023 @ 11:04 am By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, issued its annual Systemic Risk Barometer Survey results, which have “identified Geopolitical Risks, Inflation, U.S. Political Uncertainty / 2024 U.S. Presidential Election and Cyber Risk as the most significant threats to the financial services… Read More

December 8, 2023 @ 9:55 am By JD Alois  |  

This week, the Chief Executives of the largest banks in the United States visited with the US Senate Banking Committee for the Annual Oversight of Wall Street Firms. Much of the discussion revolved around the “Basel 3 End Game” (B3E) a new set of banking… Read More

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

Preqin, the global firm empowering the alternatives community with essential data and insight, published its Fundraising for first-time managers: A guide to raising capital report. There are 3,421 private capital first-time funds in the market globally “as of the end of Q3 2023, representing almost… Read More

December 8, 2023 @ 7:43 am By Omar Faridi  |  

The UK’s energy supply could require more than £900 billion in capital expenditure to achieve net zero by 20501, opening up “a significant opportunity for public and private capital in enabling a successful transition,” according to a new report published by NatWest and Boston Consulting… Read More

December 7, 2023 @ 10:29 pm By Omar Faridi  |  

Featurespace, the enabler of enterprise-grade fraud and financial crime technology, today announces the data findings of a new report: The State of Fraud and Financial Crime in North America Annual Report 2023. The research, developed in conjunction with GlobalData, shows “that overall North American fraud… Read More

December 7, 2023 @ 10:22 pm By Omar Faridi  |  

The artificial intelligence (AI) boom across all industries has fueled “anxiety” in the workforce, with employees fearing ethical usage, legal risks and job displacement, according to new data from Ernst & Young LLP (EY US). The AI Anxiety in Business Survey is based “on findings… Read More

December 7, 2023 @ 9:48 pm By Omar Faridi  |  

Professionals from Mambu’s partner ecosystem give actionable insights into “how businesses can avoid getting left behind in the next wave of innovation.” Mambu, the SaaS cloud banking platform, has launched its Partner Predictions Report for 2024, delving into the trends that “are set to shape… Read More

December 7, 2023 @ 3:03 pm By Omar Faridi  |  

The Mastercard Center for Inclusive Growth announced the newest grant recipients of the Mastercard Strive Innovation Fund, with nearly $2 million in grants distributed globally. Mastercard Strive supports early-stage solutions “with the potential to drive outsized impact for small businesses in the categories of sustainability,… Read More

December 7, 2023 @ 12:22 pm By Omar Faridi  |  

Prospective homebuyers’ patience may be waning, with fewer willing to wait until home prices or interest rates come down to purchase a home, according to new data from the Bank of America (NYSE: BAC) Homebuyer Insights Report. Today, 62% are willing to “wait for prices… Read More

December 7, 2023 @ 8:46 am By Nick Morgan  |  

With the investment crowdfunding industry surpassing the $2 billion mark and involving over 6,600 companies conducting 7,600 offerings across 580 industries, Capital Ideas checks in with Sherwood “Woodie” Neiss, one of the early architects of what evolved into Regulation Crowdfunding [Reg CF].  Among other things,… Read More

December 7, 2023 @ 8:08 am By Omar Faridi  |  

KPMG has shared its response to the latest UK Q3 M&A data. Rob Baxter, UK Head of Corporate Finance at KPMG, commented: “A combination of domestic and global factors continues to suppress UK dealmaking. But while the cost of borrowing will remain high, slowing inflation… Read More

December 6, 2023 @ 10:09 pm By Omar Faridi  |  

Two-thirds (66%) of quick-service and fast-casual restaurant industry employees are at least somewhat stressed about their finances, according to a new independent study conducted by YouGov, commissioned by DailyPay. The research, which surveyed quick service restaurant (QSR) and fast-casual restaurant employees, indicates “that the majority… Read More

December 6, 2023 @ 10:04 pm By Omar Faridi  |  

Mine, a company disrupting the data privacy market, announced that it has raised $30 million in Series B funding, co-led by Battery Ventures and PayPal Ventures, with significant investments from Nationwide Ventures and “with the participation of all existing investors including Saban Ventures, Gradient Ventures… Read More

December 6, 2023 @ 8:13 am By Omar Faridi  |  

Research from the British Business Bank, UK Venture Capital Financial Returns 2023, finds UK venture capital funds continue “to perform well overall compared to their US and European counterparts, but top performing UK funds lag behind leading US funds.” Historically, US VC financial returns “were… Read More

December 5, 2023 @ 10:02 pm By Omar Faridi  |  

Smart Pension, one of the UK’s workplace pension schemes, has been appointed to provide a workplace pension by ISS UK, the nation’s workplace experience and facility management company. The appointment reportedly “represents some 19,000 active and 43,000 deferred employees and £200m in Assets Under Management.”… Read More

December 5, 2023 @ 4:55 pm By JD Alois  |  

Congressman Patrick McHenry, a Republican from North Carolina and current Chairman of the House Financial Services Committee, has announced his intent not to seek re-election to the seat in Congress he has held for 20 years. In a statement posted on the Congressman’s website, he… Read More

December 5, 2023 @ 10:31 am By Omar Faridi  |  

The majority of UK consumers are unhappy with high-street banks, believing they have prioritized profits over “passing higher interest rates on to savers, new research has revealed.” A survey of 2,000 UK adults commissioned by SmartSave, run by Chetwood Financial, found that 65% of people… Read More

December 5, 2023 @ 7:32 am By Omar Faridi  |  

Nucleus Financial Platforms Group, one of the UK’s independent, adviser platform groups, has appointed Alexander Filshie as Chief Financial Officer (CFO), “subject to regulatory approval.” He starts taking over from Mike Regan who, as previously announced, “has been appointed as Chief Commercial Officer.” Mike Regan… Read More

December 4, 2023 @ 11:49 pm By Omar Faridi  |  

In the latest round of the twice-yearly Survey on the Access to Finance of Enterprises (SAFE) in the euro area, covering the period from April to September 2023, firms reported “an increase in turnover, although the net percentage was lower than in the previous survey… Read More