General News

May 3, 2023 @ 8:30 pm By Omar Faridi  |  

Appdome, the mobile app economy’s one and only Cyber Defense Automation platform,  announced that it has released a pre-built integration between its platform and GitLab, the scalable enterprise DevSecOps platform for software innovation. The new integration is “part of Appdome’s Dev2Cyber Partner initiative to accelerate… Read More

May 3, 2023 @ 6:58 pm By JD Alois  |  

Perhaps Jamie Dimon’s All Clear regarding the bank crisis – telling everyone to take a deep breath after JP Morgan Chase (NYSE:JPM) took over First Republic Bank (NYSE:FRC) was a bit premature. In after-hours trading, PacWest’s (Pacific Western Bank) (NASDAQ:PACW) shares are cratering – currently… Read More

May 3, 2023 @ 3:24 pm By JD Alois  |  

The US Federal Reserve announced a 25 bps increase in benchmark interest rates matching market expectations. While some held hopes for a pause this week, prognosticators are now looking forward to the next meeting in June. What did change in the Federal Open Market Committee… Read More

May 3, 2023 @ 8:48 am By JD Alois  |  

Private equity markets around the world remain subdued due to economic challenges and geopolitical strife. At the same time, online capital formation, a growing component of capital markets, remains robust – at least in the US. According to a report by Crowdfund Capital Advisors (CCA),… Read More

May 2, 2023 @ 11:27 pm By Omar Faridi  |  

The Future of Jobs Report 2023 suggests that “almost a quarter of jobs (23%) are expected to change in the next five years through growth of 10.2% and decline of 12.3%.” According to the estimates of the 803 companies surveyed for the report, employers “anticipate… Read More

May 2, 2023 @ 11:25 pm By Omar Faridi  |  

Astor Investment Management and FLX Networks announced their expanded relationship, “signaling further adoption of new, innovative, and efficient models by asset management firms as the industry undergoes significant changes.” Under this expanded partnership, FLX will now “represent Astor as its full-service front-office distribution partner, handling… Read More

May 2, 2023 @ 12:47 pm By Omar Faridi  |  

EDITED, supplier of the SaaS Retail Intelligence platform, announced the appointment of Shellie Vornhagen as its Chief Marketing Officer, David Hartig as Chief Technology Officer and Shakeel Abdul as Chief Strategy Officer. These key additions to the C-Suite aim to “solidify a successful 2022 that… Read More

May 2, 2023 @ 8:36 am By Omar Faridi  |  

UK businesses received, “on average, £237,402 worth of fines following data breaches or violation of data protection rules in the last 12 months, with half (50%) of respondents listing financial data as the most likely to be compromised.” The findings come from ISMS.online’s latest State… Read More

May 1, 2023 @ 9:00 pm By Omar Faridi  |  

Unqork, the Codeless as a Service platform, recently announced that it has achieved Authorization to Operate (ATO) on the Federal Risk and Authorization Management Program (FedRAMP) Marketplace. Unqork says it “enables customers, now including the Federal Government, to democratize technology and free themselves from the… Read More

May 1, 2023 @ 4:54 pm By JD Alois  |  

Following the chaos and mayhem in the banking system, the Federal Deposit Insurance Corporation (FDIC) has posted recommendations for deposit insurance reform. The FDIC highlights three suggestions for regulatory reform, as follows: Limited Coverage: Maintaining the current deposit insurance framework, which provides insurance to depositors… Read More

May 1, 2023 @ 3:13 pm By Omar Faridi  |  

Carta released the “first-ever” database of international salary and equity compensation data—tailored for venture-backed startups. The new data set “includes geo-adjusted compensation rates for 32 roles in over 40 countries and will be available immediately to all Carta Total Compensation customers, making it possible for… Read More

May 1, 2023 @ 11:44 am By Omar Faridi  |  

Gilles Gade, CEO at Cross River Bank, notes that they recently “closed the first quarter of the year strong and on target despite a turbulent macro environment.” It’s worth noting that Cross River Bank, a top Fintech enabler, is a target of a Federal Deposit Insurance… Read More

May 1, 2023 @ 8:44 am By JD Alois  |  

First Republic Bank (NYSE:FRC) was briefly shuttered by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) stepped in as receiver of the bank following weeks of speculation that FRB would be the next shoe to drop in the… Read More

April 30, 2023 @ 5:55 pm By JD Alois  |  

On Friday, the Federal Deposit Insurance Corporation (FDIC) issued a report on the failure of Signature Bank. The report scrutizined oversight of the bank from 2017 until its collapse in March 2023. The cause of the failure reflects a similar report posted by the US… Read More

April 30, 2023 @ 2:47 pm By Omar Faridi  |  

CubiCasa, the global-reaching real estate software company, announced a collaboration with Bright MLS, which claims to be one of the largest Multiple Listing Services (MLS) in the country, “to offer CubiCasa’s easy-to-use floor plan creation app to Bright subscribers.” The collaboration will aim to “expand… Read More

April 30, 2023 @ 1:24 pm By Omar Faridi  |  

Immuta, a data security provider, announced new vulnerability risk assessment and dynamic query classification capabilities for the Immuta Data Security Platform. These new features “enable customers to promptly identify and prioritize security gaps, protecting sensitive data based on the context and sensitivity levels.” When combined… Read More

April 30, 2023 @ 11:58 am By Omar Faridi  |  

The Nottingham Building Society has announced the appointment of Praven Subbramoney as Chief Lending Officer. Reporting to CEO Sue Hayes, Praven will “lead the development and delivery of The Nottingham’s lending strategy and mortgage proposition driving innovation, transformation and growth as well as focusing on… Read More

April 30, 2023 @ 11:27 am By Omar Faridi  |  

Reviewpad, the platform that helps developers by automating the code review process, has raised a €1M pre-seed round. The investment round was “led by Shilling VC with participation from angel investors Simon Brandhof and Freddy Mallet.” The new round “brings the total raised to date… Read More

April 29, 2023 @ 2:21 pm By JD Alois  |  

First Republic Bank (NYSE: FRC) shares cratered this past week as investors feared the worst for the financial institution. On Friday, shares lost around 43% only to lose another 33% in after-hours trading. According to multiple reports, the Federal Deposit Insurance Corporating (FDIC) is accepting bids… Read More

April 29, 2023 @ 10:33 am By Omar Faridi  |  

Ctrl, the workspace that helps Revenue teams “supercharge” their CRM and customer workflows with advanced automation, AI tools and integrations,  has raised a $9 million funding round led by LocalGlobe and Earlybird. Dig Ventures and Jibe Ventures, alongside angels including sales leaders from Slack, Intercom,… Read More