General News

Osmosis Introduces Grants Program to Expand Interchain DeFi Ecosystem

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Osmosis, the Cosmos-based interchain automatic market maker (AMM), recently announced the launch of the Osmosis Grants Program. Created following a successful on-chain governance vote, the Osmosis Grants Program “funds community-built tooling and infrastructure to grow the long-term utility of Osmosis and increase its user base.”… Read More

MPOWER Financing Appoints Fintech Exec Christopher Zaki to Lead Capital Markets Division

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MPOWER Financing, which claims to be a mission-driven Fintech firm and the “leading” provider of education loans to “promising” international and DACA students, recently announced industry veteran Christopher Zaki “as its new Head of Capital Markets.” Zaki will identify and lead strategic partnerships “with capital… Read More

Nationwide Building Society Reportedly Stops 2,000 More Online Shopping Frauds with SCA

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

Fintech Klarna Introduces Virtual Shopping, Bringing In-Store Experience to Online Consumers

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Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

Sustainability: New feature from Banco Santander Allows Clients to Measure Carbon Footprint

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Santander (NYSE: SAN) claims to be the only company in Spain that “enables customers to purchase carbon credits on the ClimateTrade platform and Mastercard donation platform to offset their CO2 emissions.” 74% of its customers think sustainability “is of global importance, and 67% are calling… Read More

Delta Payment Solutions Appoints Stacey Wiles as Company CEO

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Delta Payment Solutions, the management division of Delta Payment Cooperative, is pleased to confirm that Stacey Wiles has been “appointed to the new role of Chief Executive Officer.” An experienced business executive with an “accomplished” payments industry background spanning more than two decades, Stacey will… Read More

Steve Ehrlich, CEO of Voyager Digital, Comments on Collapsing Crypto & Stock Markets. When Will the Pain End?

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The past few weeks have been tough for investors. Both traditional markets and crypto markets have been battered. Expectations for much higher interest rates, aiming to mitigate crushing inflation, means the pain is here to stay – at least for a while. Regarding stock markets,… Read More

Luxembourg Stock Exchange Posts 2021 Financials, Announces New Chairman of the Board

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The Luxembourg Stock Exchange today published its financial results for the financial year 2021, reporting record growth. The Luxembourg Stock Exchange Group, which consists of LuxSE and its wholly-owned subsidiary Fundsquare, reported consolidated revenues of €55.4 million. This represents revenue growth of 8.1% compared to… Read More

Transunion Appoints Amanda Rendle to its UK Board

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Global information and insights provider TransUnion has reportedly appointed Amanda Rendle to its UK board as a non-executive director. Rendle brings considerable experience in marketing and communications spanning four decades, with extensive expertise in financial services. Rendle has previously led an established customer engagement program… Read More

Reward Offers Announced for Info to Bring Conti Ransomware Variant Conspirators to Justice

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The Department of State is offering a reward of “up to $10,000,000 for information leading to the identification and/or location of any individual(s) who hold a key leadership position in the Conti ransomware variant transnational organized crime group.” In addition, the Department is also offering… Read More

Market for Secondary Liquidity Is Still “Heating Up,” Carta Liquidity Report for Q1 2022 Reveals

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According to Carta data, the market for secondary liquidity “is still heating up.” Carta recently shared what they know: Q1 2022 saw a 57% increase over Q1 2021 in the number of secondary deals Dollars transacted rose $357M (+95%) over the Q1 2021 total Most… Read More

Wellington Management Joins Forces with Fintech Open-Source Foundation

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The Fintech Open Source Foundation (FINOS) recently announced Wellington Management, one of the “largest” independent investment management firms, as its newest Platinum member. In addition, Wellington’s Co-Head, Technology, Madeleine Dassule will “join the FINOS board of directors.” As noted in an update shared with CI,… Read More

Majority of Private Market Funds Pivoted to Handle Challenges from COVID-19 Crisis: Research Report

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Hilary Wiek, CFA, CAIA Lead Analyst, Fund Strategies & Sustainable Investing, notes that when Pitchbook last reported their benchmark returns, performance “was through June 2021.” The research report also mentioned that vaccines “were available, masks were coming off, and many office workers had resumed their… Read More

Pindrop Teams Up with Google Cloud to Enhance Contact Center Security

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Pindrop, an international “leader” in voice tech, has announced a partnership with Google Cloud that will enable it “to build and offer new authentication solutions to enhance call center experiences for customers on Google Cloud’s platform.” Pindrop will also make its suite of fraud detection… Read More

Goldman Sachs Dials Back on SPACs

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SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

Switzerland based Fintech FQX Appoints James Freis, Ex- FinCEN Director, as Regulatory Technology Officer

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Fintech startup FQX, which is known for its eNote, a blockchain-powered debt instrument, has appointed James H. Freis, Jr. as the firm’s new Regulatory Technology Officer. Freis draws upon his experience “from the public and private sectors in Europe, the United States, and globally, to… Read More

Valia Ventures Reveals 2nd $50 Million Fund to Back Early Stage Firms

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Valia Ventures, an early-stage VC firm, has closed on $50 million in commitments for an oversubscribed second fund – Valia Ventures II. Valia Ventures II is described as bringing together a strategic group of limited partners including startup founders, technology executives, international family offices, and… Read More

Logistics Tech Firm DoDo Group Secures €60M in Series B to Drive Expansion Across Europe

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Czech company DoDo Group, “specialists” in last-mile B2B logistics tech, recently announced a €60 million Series B round led by EC Investments and J&T Capital. The funds will be used “to further develop DoDo’s data-driven logistics platform and drive the group’s expansion into Western and… Read More

Hetz Ventures Secures $123M Fund for Thematic Seed, Pre-Seed Investments

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Hetz Ventures, one of Israel’s seed-stage venture capital funds, recently announced the closing of its third fund of $123 million. The new fund, Hetz III, brings the firm’s total assets under management to nearly $300 million, and like its previous fund, “was heavily oversubscribed.” Hetz… Read More

Luxembourg Stock Exchange Teams Up with UN Women to Support Gender Finance

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The Luxembourg Stock Exchange (LuxSE) and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) have signed a Memorandum of Understanding (MoU) in order “to strengthen their cooperation and promote joint initiatives to advance financing for gender equality and women’s… Read More

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