General News

September 10, 2023 @ 9:03 am By Michael Wong  |  

Global professional services firm Accenture (NYSE: ACN) announced its acquisition of Nautilus Consulting, a top-tier digital healthcare consultancy in the U.K. that offers specialized Electronic Patient Record (EPR) solutions. In a statement, Accenture said the strategic move will amplify its capabilities in digital transformation, implementation,… Read More

September 10, 2023 @ 6:52 am By Omar Faridi  |  

The Board of NatWest Group plc is pleased to announce that Richard Haythornthwaite (Rick) will succeed Sir Howard Davies as Chair, subject to regulatory approval. Rick will join the Board of NatWest Group plc as “an independent non-executive director on 8 January 2024 and following… Read More

September 10, 2023 @ 6:22 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s leading neobanks, announced that John Ricci, General Counsel, will retire on September 29, 2023. Joan Aristei has been “named Chief Legal Officer, effective September 25, 2023.” Previously serving in both private and public sectors during his nearly… Read More

September 10, 2023 @ 6:11 am By Michael Wong  |  

Earnix, a provider of intelligent SaaS solutions for insurers and banks worldwide, announced the appointment of seasoned technology expert Erez Barak as its Chief Technology Officer (CTO) effective from September 10. With a rich career spanning over 22 years, including significant leadership roles at tech… Read More

September 10, 2023 @ 5:22 am By Omar Faridi  |  

PwC announced a three-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) in order “to accelerate innovation, improve operational efficiency and transform the way business is done.” This SCA enhances PwC’s strong expertise in “using cloud to power business, strengthening its ability to… Read More

September 9, 2023 @ 4:35 pm By Michael Wong  |  

In a notable demonstration of faith in Central Asia’s growth potential, the International Finance Corporation (IFC), a member of the World Bank Group, has invested and mobilized a staggering $1.6 billion in the region during fiscal year 2023 (FY23). This investment, the highest ever for… Read More

September 9, 2023 @ 4:13 pm By Omar Faridi  |  

British Business Investments announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide “an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.” The investment has been “made through British Business… Read More

September 9, 2023 @ 3:51 pm By Michael Wong  |  

Exiger, a SaaS company that has transformed the manner in which corporations, government agencies, and banks handle supply chains, declared its intention to sell its renowned Financial Crime Compliance (FCC) division to Capgemini, a predominant business and tech transformation service firm. The conclusion of this… Read More

September 9, 2023 @ 3:47 pm By Omar Faridi  |  

Concordium, the Layer 1 science-backed blockchain creating a safer digital world, has announced an integration with Aqualibre, a carbon offset project that offers high-quality carbon offsets for business and enterprise. Aqualibre will adopt Concordium’s Agora Impact Marketplace tooling, “an infrastructure for scaling safe and transparent… Read More

September 9, 2023 @ 3:38 pm By Michael Wong  |  

The global trade finance gap soared to an unprecedented $2.5 trillion in 2022, escalating from $1.7 trillion two years prior, reveals the 2023 Trade Finance Gaps, Growth and Jobs Survey presented by the Asian Development Bank (ADB) today. This gap represents the discrepancy between requests… Read More

September 9, 2023 @ 3:20 pm By Omar Faridi  |  

Faruk Fatih Özer, the former Chief Executive of collapsed Turkey-based cryptocurrency exchange Thodex, has reportedly been sentenced to 11,196 years in prison on Thursday (September 7, 2023). Stealing around $2 billion from his clients led to the CEO of one of Turkey’s biggest virtual currency… Read More

September 8, 2023 @ 11:31 am By JD Alois  |  

Crowdfund Capital Advisors (CCA) has distributed an update on August 2023 investment crowdfunding activity under Reg CF (Regulation Crowdfunding). According to their numbers, Reg CF offerings during the month experienced a “surge,” countering the trend in public markets, which have faltered in recent weeks. CCA… Read More

September 8, 2023 @ 10:50 am By Omar Faridi  |  

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

September 8, 2023 @ 8:46 am By Omar Faridi  |  

A market report shared with CI reveals that UK hiring activity has slowed down, with London set to lose another name. As noted in the update: FTSE 100 opens marginally higher, reports show UK hiring activity slowed in August Competition probe wipes hundreds of millions… Read More

September 7, 2023 @ 8:30 pm By Omar Faridi  |  

evolutionQ, a quantum-cybersecurity company, is pleased to announce a contract to contribute to a Bank of Canada research project involving quantum-safe cybersecurity technologies for greenfield digital currencies. This work highlights the commitment of evolutionQ “to understanding the risk posed by quantum computers to emerging financial… Read More

September 7, 2023 @ 3:11 pm By Omar Faridi  |  

In the inaugural Small Business Financial Confidence Report, it was revealed that 54% of small business owners surveyed stated they “felt very confident in their ability to make sound growth decisions.” The latest data polled and shared by American Express (NYSE: AXP) two months later… Read More

September 7, 2023 @ 11:40 am By Omar Faridi  |  

Provenir, which claims to be a global leader in AI-powered risk decisioning software, announced the appointment of Andres Elizondo as its new Chief Financial Officer. Elizondo brings a wealth of experience which “combines both finance and strategy, with a focus on driving and delivering long-term… Read More

September 7, 2023 @ 10:07 am By Omar Faridi  |  

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW), which claims to be a leader in quantum-safe encryption,  announces the availability of the world’s “first” integrated solution for quantum-safe VPN communications. Arqit’s QuantumCloud is reportedly the world’s first fully scalable cloud-based symmetric key agreement platform, “capable of creating… Read More

September 6, 2023 @ 4:56 pm By Omar Faridi  |  

State lawmakers in Wyoming have reportedly passed 28 different blockchain-related bills since the year 2019. However, cryptocurrency revenue has been quite limited, even though there have been several different initiatives that were introduced. As covered, crypto VC investments have also shifted towards infrastructure development and… Read More

September 6, 2023 @ 11:11 am By Omar Faridi  |  

Travis Kling, a former L/S Equities Portfolio Manager that fell down the “Crypto rabbit hole” who’s now running the Ikigai fund, notes that as summer officially draws to a close, you may have been “away from the screens over the last few months.” Travis has… Read More