General News

January 21, 2023 @ 10:17 am By Omar Faridi  |  

Channel Capital has appointed Bhoomika Kesaria as Head of Investor Relations. Channel is an FCA-regulated alternative investment fund manager (AIFM) “specializing in fintech, working capital and trade finance investments.” Since 2014, the London-headquartered company has “deployed more than $9 billion of assets across fintech lending and… Read More

January 19, 2023 @ 7:23 pm By Omar Faridi  |  

Chronosphere, the cloud native observability platform that puts engineering organizations back in control by taming rampant data growth and cloud native complexity, has raised an additional $115 million Series C funding. New investors “include GV (formerly Google Ventures) and Geodesic Capital, bringing Chronosphere’s total funding… Read More

January 19, 2023 @ 7:18 pm By Omar Faridi  |  

Abacus Group, the provider of hosted IT services and solutions to alternative investment firms, announces that it has acquired two boutique cybersecurity consulting companies, Gotham Security and its parent company, GoVanguard, both of which have solid track records of excellence in the cyber arena. Gotham… Read More

January 19, 2023 @ 10:36 am By Omar Faridi  |  

Nottingham Building Society has announced the appointment of Dr Gareth Hagger-Johnson as Director of Data Strategy (DDS). In this newly created role, Gareth will “develop a new data and insights framework for The Nottingham to increase the value of services to customers and deliver on… Read More

January 18, 2023 @ 11:46 am By JD Alois  |  

Payoneer Global Inc. (NASDAQ: PAYO) has announced a new Chief Financial Officer. According to a corporate statement, Bea Ordonez  – currently the Deputy CFO – will replace current CFO Michael Levine, who will step down in March. Ordonez will then report to Payoneer co-CEO John… Read More

January 18, 2023 @ 11:30 am By Omar Faridi  |  

Biz2Credit, an online funding provider to small businesses, announced the findings of its Small Business Inflation Study that “analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022.” The Biz2Credit Small Business Inflation Study identified three distinct… Read More

January 17, 2023 @ 5:00 pm By Omar Faridi  |  

Andrew Ellam, former Chief of Staff to CTO and Head of Technical Program Management at Monzo Bank, joins the senior leadership team as VP of Technology at Climate X, a multi-award-winning global climate risk data & analytics provider based in London, UK. Andrew reportedly “brings… Read More

January 17, 2023 @ 4:58 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced a number of leadership changes as the company prepares for the next phase of growth. After 20 years of service, Max Chuard has “decided to step down from his role as CEO and a search to identify a new CEO is… Read More

January 17, 2023 @ 1:26 pm By Omar Faridi  |  

Deutsche Bank and its Blue Water Fintech Lab recently launched a Robotic Process Automation (RPA) commercialization program by “introducing a multibank Data Processing and Reconciliation Solution, its first commercial product.” Deutsche Bank is the first international bank in China “to offer this innovative solution to… Read More

January 17, 2023 @ 11:01 am By Omar Faridi  |  

NTT DATA UK&I, which claims to be a trusted global innovator in banking and IT services, has announced that it has appointed four new senior hires to its banking practice (banking solutions division), “demonstrating continued growth as an advisory business of the highest quality.” Banking… Read More

January 17, 2023 @ 6:17 am By Omar Faridi  |  

Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, announces the close of their combined seed and seed extension round at $850K funding “led by East Ventures and with commitments from Seedstars International Ventures among other prominent angel investors.” Founded in 2021 by Tita Ardiati… Read More

January 16, 2023 @ 7:25 pm By Omar Faridi  |  

For the past 17 years the World Economic Forum’s Global Risks Report has warned about “deeply interconnected” global risks. Conflict and geo-economic tensions have “triggered a series of deeply interconnected global risks,” according to the World Economic Forum’s Global Risks Report 2023. These include energy… Read More

January 16, 2023 @ 10:55 am By Omar Faridi  |  

One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication in the financial services space, announced that Thomas Overton will “join as Chief Technology Officer.” TrueML develops software using patented machine learning technology “to create… Read More

January 15, 2023 @ 9:47 pm By Omar Faridi  |  

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a joint thematic Report on national financial education initiatives on digitalization, with “a focus on cybersecurity, scams, and fraud.” The Report identifies good practices “that national competent authorities and other public entities can… Read More

January 15, 2023 @ 7:57 pm By Omar Faridi  |  

Despite continued inflation and the potential of a recession, 67% of Americans plan to spend either the same or more in 2023 as they did in 2022 “on retail purchases” according to a new survey commissioned by DailyPay and Dollar Tree and conducted online by… Read More

January 14, 2023 @ 7:15 pm By JD Alois  |  

Crowdfund Better, a securities crowdfunding education provider, has announced a new Crowdfund Better Certified Advisor program. According to a release, this is the first crowdfunding certification program for small business advisors aiming to assist firms raise capital online. Crowdfund Better notes that online capital formation… Read More

January 13, 2023 @ 4:39 pm By Omar Faridi  |  

PayQuicker, an innovative financial technology “leader” in the global payouts market, announced the addition of Nazuk Jain as Head of Product. In this role, Jain will “continue to build out PayQuicker’s product team, and lead new initiatives in PayQuicker’s growing toolkit of payouts-as-a-service products.” As… Read More

January 13, 2023 @ 3:48 pm By Omar Faridi  |  

Stax Payments, the “all-in-one” payment technology provider, announced the appointment of John Kristel to interim Chief Executive Officer of the company, “succeeding outgoing founders Suneera Madhani and Sal Rehmetullah.” Kristel currently “serves as an operating partner with Greater Sum Ventures, Stax’s control investor, guiding growth… Read More

January 12, 2023 @ 3:33 pm By Omar Faridi  |  

Kiavi, a provider of financing to real estate investors (REIs), announced it closed an approximately $158 million, 12-month-term revolving securitization of unrated residential transition loans (RTL). This is the eleventh broadly syndicated securitization transaction by Kiavi “under its LHOME shelf since it began its securitization… Read More

January 12, 2023 @ 11:42 am By Omar Faridi  |  

Republic Capital Group, an investment banking firm specializing in the RIA, asset and wealth management, and securities-related industries, acknowledges its client, Parallel Advisors, on its acquisition of AUTUS Asset Management and substantial investment from Golden Gate Capital, a private equity investment firm. In connection with… Read More