General News

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

January 12, 2023 @ 8:24 am By Omar Faridi  |  

Small business loan approval percentages at big banks “slipped again, falling from 14.6% in November to 14.5% in December, which tied with January for the lowest monthly approval rate for big banks in 2022,” according to the latest Biz2Credit Small Business Lending Index™ released on… Read More

January 11, 2023 @ 12:26 pm By Omar Faridi  |  

TSB is warning that around a quarter (25%) of fraud victims could be “denied reimbursement under the Payment Systems Regulator’s proposed refund mechanism, due to be introduced next year.” TSB claims it has long-campaigned “for higher fraud protections across the banking industry – and in… Read More

January 11, 2023 @ 8:52 am By Omar Faridi  |  

HighRadius, which claims to be the global leader in Autonomous Finance Platforms for the Office of the CFO, announced their new office in Kraków, Poland. HighRadius is “headquartered in Houston, Texas, and this will be their fifth regional office in Europe, after London, Amsterdam, Frankfurt,… Read More

January 10, 2023 @ 4:58 pm By Omar Faridi  |  

Built Technologies, the “fastest growing” construction and real estate fintech provider in the U.S., announced the addition of two industry veterans as company advisors, Bora Chung and Matt Marenghi. Their expertise will help Built “drive innovation and value for its customers as the company scales… Read More

January 10, 2023 @ 3:16 pm By Omar Faridi  |  

Fractal Homes, a UK-based start-up offering fractional home ownership across Europe’s capital cities, has launched a second home co-ownership model “aimed at streamlining purchasing, maintenance, and upkeep of select properties for GCC residents.” To coincide with this announcement, Fractal Homes has “launched a new website… Read More

January 10, 2023 @ 9:30 am By JD Alois  |  

As part of its most recent Global Economic Prospects report, the World Bank is predicting a sharp and difficult downturn for developing countries which may result in a global recession. The World Bank notes this could be the first time that two global recessions have… Read More

January 9, 2023 @ 11:47 pm By Omar Faridi  |  

Oxford Ionics – the startup solving the critical scalability issues facing the future of quantum computing, has raised £30 million in Series A funding from some of the “world’s leading” quantum and tech investors. The investment round was “led by Oxford Science Enterprises and Braavos… Read More

January 9, 2023 @ 10:37 pm By Omar Faridi  |  

Pillz, the developer of wearable devices for NFT-collectibles and NFT-gaming, raised a pre-seed round from Xsolla and its Founder Aleksandr “Shurick” Agapitov. Aleksandr Agapitov, Xsolla founder and Pillz Board of Directors member, said: “Pillz represents what I always look for in teams – a passion… Read More