General News

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

April 28, 2023 @ 4:53 pm By JD Alois  |  

First Republic Bank (NYSE: FRC) is teetering on receivership as shares closed at around $3.51 today, a loss of 43%, only to sink further in after-hours trading, hitting $1.86 – losing another 47%. Earlier this year, First Republic shares traded at OVER $147 worth billions of… Read More

April 28, 2023 @ 8:46 am By JD Alois  |  

Eurocrowd has revealed a new “national hub” for the Italian crowdfunding market offering an Italian-language website dedicated to the national ecosystem. Eurocrowd is the advocacy group for the European securities crowdfunding market, having worked with regulators and public officials for years to improve online capital… Read More

April 25, 2023 @ 3:27 pm By Omar Faridi  |  

Aegis Trust, which claims to be one of the select few digital asset qualified custodians in the U.S. offering client-centric technology infrastructure and regulatory-compliant solutions, announced that Anthony Botticella has been “appointed as the new President of the company, as well as its global custodian… Read More

April 25, 2023 @ 8:42 am By Omar Faridi  |  

Quantum engineering company Riverlane announced it has raised £15 million in a Series B funding. The investment round was “led by Molten Ventures and included participation from simulation, high-performance computing (HPC), and artificial intelligence leader Altair and returning investors Cambridge Innovation Capital (CIC), Amadeus Capital… Read More

April 24, 2023 @ 11:27 am By Omar Faridi  |  

Quantexa, a global firm focused on Decision Intelligence (DI) solutions for the public and private sectors, has announced the global availability of its Decision Intelligence Platform and solutions on Google Cloud Marketplace, making it simple for global enterprise customers “to trust their data and make… Read More

April 24, 2023 @ 9:35 am By Omar Faridi  |  

Jens Groth explains that zero-knowledge proofs “allow you to prove a statement is true without revealing anything else but the fact the statement is true.” He also pulls out a deck of cards “to illustrate what he means by this.” He adds: “Let’s say I… Read More

April 23, 2023 @ 11:22 pm By Omar Faridi  |  

Financial crime prevention professionals at SEON have released their latest ‘Global Cybercrime Report’, which highlights the varying dangers associated “with cyber threats around the world.” The insightful report “combines data from three major cybersecurity authorities; National Cyber Security Index, the Global Cybersecurity Index, and the… Read More

April 23, 2023 @ 5:39 pm By Omar Faridi  |  

Japan’s digital lender, Rakuten Bank, announced on Friday (April 21, 2023) that the common stock of Rakuten Bank, Ltd., (securities code: 5838), a subsidiary of the Rakuten Group, has been listed on the Tokyo Stock Exchange Prime Market. It was “not created for the purpose… Read More

April 23, 2023 @ 10:17 am By Omar Faridi  |  

The Cardano Foundation, an “independent,” Swiss-based non-profit organization tasked with advancing the public digital infrastructure Cardano, launched its inaugural Annual Report today. From technical infrastructure support to spreading knowledge or establishing targeted partnerships and collaborations, the report highlights the Foundation’s work “across its three core… Read More

April 23, 2023 @ 7:11 am By Omar Faridi  |  

Noname Security, the provider of complete and proactive API security, announced its partnership with Wiz, the Cloud security platform and one of the “fastest-growing” software companies, “to help customers improve security posture by enabling complete visibility, context, and control of infrastructure hosting mission-critical and highly… Read More

April 22, 2023 @ 4:11 pm By Omar Faridi  |  

Mendix, a Siemens business and global player focused on modern enterprise application development, has embarked on an “aggressive” strategy “to build a robust technology partner community that empowers enterprises and software startups to dramatically accelerate digital transformation.” As part of Siemens Xcelerator, the open digital… Read More