General News

August 6, 2023 @ 5:26 pm By Tony Zerucha  |  

The American Fintech Council (AFC) announced last week that OMB Bank has become its newest member. OMB Bank joins a growing group of Banking-as-a-Service (BaaS) banks focusing on access, transparency, consumer protection and regulatory compliance. “OMB leads by example and is an important voice at… Read More

August 6, 2023 @ 4:00 pm By Omar Faridi  |  

Venture funding on Carta inched upward in Q2. Startups combined “to raise more than $15.4 billion in funding during the second quarter of 2023, up 26% from Q1.” In several other areas of the venture landscape, “such as early-stage valuations and late-stage deal counts, the… Read More

August 3, 2023 @ 11:46 am By Omar Faridi  |  

In the evolving landscape of European financial regulations, it is crucial for businesses and stakeholders “to stay informed about the latest developments,” according to a report by the law firm of Bird & Bird. The EU proposals, or the Financial data access and payments package,… Read More

August 3, 2023 @ 10:29 am By Omar Faridi  |  

CrowdStreet, one of the most established real estate investment platforms in the US, has been hit with a damning article claiming the $63 million in customer cash has gone missing. The errant funds stem from an office project in Atlanta that was reported in 2022…. Read More

August 2, 2023 @ 5:42 pm By JD Alois  |  

Regulation Crowdfunding (Reg CF) money raised during the month of July increased from $28 million in July 2022 to $33.7 million this July. But when comparing consecutive months, June 2023 faired better as the month prior generated $43.7 million in money raised. Crowdfund Capital  Advisors… Read More

August 2, 2023 @ 9:10 am By Omar Faridi  |  

Revolut, the global financial super app with more than 30 million customers worldwide, has partnered with the charity match Game4Ukraine, which will take place on August 5th at Stamford Bridge Stadium in London. Two teams lineup, captained by ambassadors of the fundraising platform UNITED24, Andriy… Read More

August 1, 2023 @ 11:55 am By JD Alois  |  

The Baltic states have gained the largest percentage of private equity and venture capital out of the European Union and the UK, according to a recent report. S&P Global Market Intelligence says Latvia, Lithuania, and Estonia had the highest percentages in their respective private business… Read More

July 31, 2023 @ 9:20 am By JD Alois  |  

The Financial Conduct Authority  (FCA) now has a higher duty when it comes to “consumer protection.”  As of today, the regulator has a new standard when it comes to financial services oversight. As outlined by the FCA: “You should expect:  helpful and accessible customer support,… Read More

July 30, 2023 @ 2:10 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the second Venmo Small Business Grant, a program for small and emerging businesses “providing financial grants and mentorship for 20 Venmo business profile customers.” The selected businesses will each “receive $10,000 for expenses, such as rent, or to help… Read More

July 30, 2023 @ 12:54 pm By Tony Zerucha  |  

Provenir, a provider of data and AI-powered risk decisioning software, this week announced the appointment of Richard Kern as senior vice president of Global Professional Services. The head of Provenir’s global professional services team, Kern is charged with overseeing client delivery services. That includes implementation… Read More

July 30, 2023 @ 11:49 am By Omar Faridi  |  

Despite economic challenges, 75% of mid-sized business owners expect their revenue to increase and 71% are planning “to hire over the next 12 months,” according to the inaugural Bank of America (NYSE: BAC) Mid-Sized Business Owner Report (PDF). The study is based “on a survey… Read More

July 30, 2023 @ 11:25 am By Omar Faridi  |  

HYPR, the Passwordless Company, announces HYPR Adapt, which is the latest product in its expanding modern authentication security portfolio. HYPR Adapt reportedly “provides risk-based, adaptive authentication so organizations can effectively manage identity-related risks and reduce user friction, even in rapidly changing security environments.” Its powerful… Read More

July 29, 2023 @ 10:11 am By Omar Faridi  |  

The Board of Monument Bank is pleased to confirm that regulatory approval has been confirmed for the appointment of Fiona Pollard as the successor to Niall Booker as Chair of Monument Bank. Monument Bank Limited is authorised by the Prudential Regulation Authority (PRA) and regulated by… Read More

July 29, 2023 @ 6:18 am By Omar Faridi  |  

ING announced the appointment of Görkem Köseoğlu as chief technology officer and member of the Management Board Banking. Görkem will take up his position “on 1 September, succeeding Ron van Kemenade, who stepped down effective 30 April 2023.” Görkem is currently “the chief operations officer… Read More

July 28, 2023 @ 1:37 pm By Omar Faridi  |  

As a Sustainable and Socially Responsible Lender, October systematically “integrates ESG factors into its activity and investment process.” Specifically, October’s latest fund OCTOBER SME V is aligned “to the Sustainable Finance Disclosure Regulation (SFDR).” October’s strong commitment to ESG investing is proven “by reporting on… Read More

July 28, 2023 @ 1:30 am By Omar Faridi  |  

Rimes is pleased to announce that they have joined the United Nations Global Compact initiative (UNGC) — a voluntary leadership platform “for developing, implementing, and disclosing responsible business practices.” Following this announcement, Rimes is now “part of a growing group of thousands of companies globally… Read More

July 27, 2023 @ 8:24 pm By Omar Faridi  |  

Q-CTRL, a global firm focused on developing useful quantum technologies through quantum control infrastructure software, announced the addition of Morpheus Ventures as a new investor in their record-setting Series B funding round, which has raised $54 million USD. Morpheus Ventures, “known for its expertise in… Read More

July 27, 2023 @ 10:04 am By JD Alois  |  

Europe has long been viewed as less risk tolerant and less interested in stocks when it came to personal investing.  While there are many reasons for this, some view it as disadvantageous for the wider population, as equities can drive wealth creation. Today, the French… Read More

July 27, 2023 @ 8:03 am By Omar Faridi  |  

OakNorth Credit Intelligence (ONci), the SaaS partner for commercial banks to lend smarter, faster, and more, announces a major product enhancement of the ON Climate application that allows users to analyze transition risk and impact for each year up until 2050. The ON Climate application… Read More

July 26, 2023 @ 9:21 pm By JD Alois  |  

As was expected, the US Federal Reserve increased benchmark rates by 25 basis points today. Markets had long anticipated the move, which pushed rates to the highest they have been in over 22 years. In the Federal Open Market Committee statement, the bank said that… Read More