Search Results for: Pittsburgh

New Members of SEC Small Business Capital Formation Advisory Committee Announced

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) has announced new members following the completion of the majority of members four-year terms. The SBCFAC was created to provide the Commission with recommendations that support smaller firms, improve access to capital and mitigate onerous regulations… Read More

Investment Management: Confluence’s Analytics Solutions Adopted by Old Mutual Multi-Managers

Confluence Technologies, Inc., a global technology solutions provider helping the investment management industry solve analytics, compliance and regulatory needs,  announces the completion of Old Mutual Multi-Managers’ conversion “to its cloud-based Revolution Performance solution, gaining greater operational efficiency and ease of use in performance and attribution… Read More

Chainalysis Joins NCFTA, Enabling Blockchain Analysis to Combat Cybercrime

Chainalysis, the blockchain data platform, announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on “identifying, validating, mitigating, and neutralizing cyber-crime threats.” Chainalysis’ data platform “equips the alliance with the same investigative tools that have been used to… Read More

The Number of FINRA Regulated Funding Portals Continues to Inch Higher

The number of FINRA-regulated Funding Portals continues to increase. These are broker-light platforms that may issue securities under Regulation Crowdfunding (Reg CF), a new exemption created by the JOBS Act of 2012. The Funding Portal sector received a bit of a boost last year as… Read More

Fintech CurrencyCloud Allows Regulated FX Brokers to Reach Untapped UK, EU, US, Canada Markets

Post-Brexit, FX brokers are losing business and money because they’re “not permitted to service EU-based clients,” the team at Currencycloud notes in a blog post. And when they want to expand to reach these markets, the cost and time it takes to seek regulation is… Read More

BNY Mellon to Adopt Chainalysis Compliance Software in Ongoing Crypto Push

Chainalysis, a blockchain data platform, today announced BNY Mellon, the world’s largest asset servicer, will be the first global systemically important bank to utilize its compliance software as part of their risk management program. This integration will form a component of BNY Mellon’s strategy to develop… Read More

While SF, NYC Still Dominate, New Venture Hubs Like Miami are Booming

A new report by Telstra Ventures highlights how the tech hub ecosystem is changing. The US has long been a hotbed of entrepreneurship and innovation with early-stage firms establishing dominant hubs in locations like the San Francisco Bay Area and New York City. But COVID… Read More

Confluence Partners with Luxembourg’s Fund Service Provider, FundHero, to Provide Managed Software Offering

Confluence Technologies, Inc., an international tech solutions provider assisting the investment management sector with addressing complex investment data challenges, has  announced it has “secured a multi-year agreement” with FundHero S.A., a Luxembourg-headquartered fund service company, that will “combine Confluence’s Cloud-based Revolution platform with its own… Read More

BNY Mellon Is Providing ESG Data Analytics in Collateral Management

Market participants are currently able to apply their environmental, social, and governance (ESG) principles to the assets they’re willing to “accept as collateral,” utilizing ESG Data Analytics provided by BNY Mellon (NYSE: BK). As mentioned in the announcement: “In a milestone development for the collateral… Read More

Data and Analytics Firm Quantexa Receive Strategic Investment from BNY Mellon

Quantexa, the data and analytics software firm focused on Contextual Decision Intelligence (CDI), recently revealed that BNY Mellon (NYSE: BK) has completed an investment in Quantexa, to “close its series D” – which was led by Warburg Pincus, an international growth investor, and a growing… Read More

Global Payments Fintech Fiserv Appoints Wafaa Mamilli as Tech Risk Committee Board Member

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, revealed on Friday (June 11, 2021) that it has decided to appoint Wafaa Mamilli to its Board of Directors. Wafaa will reportedly be serving on the Technology Risk Committee of the… Read More

Digital Onboarding: BNY Mellon and Saphyre to Leverage AI to Enhance Customer Experience

BNY Mellon (NYSE: BK), an American investment banking services holding company headquartered in New York City with over $380 billion in assets, and Saphyre recently revealed that they’ll utilize AI tech to enhance the customer experience while also automating and expediting client onboarding. This partnership… Read More

BNPL Fintech Affirm Partners Digital Commerce Investor Clearbanc to Provide Financial Tools for Businesses

Buy Now, Pay Later or BNPL Fintech Affirm (NASDAQ:AFRM), which is now a “remote-first” company with most of its roles being carried out anywhere in the U.S. and Canada (with the exception of Quebec), has teamed up with Clearbanc in order to help clients power… Read More

Fiserv Enters Agreement with Fintech Pineapple Payments to Extend Delivery of Innovative Solutions to Merchants

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, announced on Thursday (March 25, 2021) that it had entered an agreement with Pittsburgh’s Fintech Pineapple Payments. The terms of the deal have not been shared publicly. Established in 2016, Pineapple… Read More

BNY Mellon and other Major Financial Institutions Continue to Make Strategic Investments in Digital Assets Space

Only a month after announcing that it was working on an integrated service for crypto-assets, BNY Mellon (NYSE:BK) has decided to make a strategic investment into crypto startup Fireblocks. The New York-headquartered financial powerhouse, which is notably among the biggest banking institutions and also one… Read More

Reg CF: Honeycomb Credit Raises $1.75 in Seed Funding led by American Family Insurance

Honeycomb Credit, a Reg CF funding portal that operates as a bank replacement loan marketplace, has raised $1.75 million in Seed funding. The round was led by the American Family Insurance Institute for Corporate and Social Impact, a VC firm that is affiliated with the… Read More

Stripe Reportedly Will No Longer Process Payments for the President Trump’s Campaign Website Following Capitol Building Incident

  Following the tragic event at the Capitol Building last Wednesday, U.S.-based fintech Stripe has reportedly stopped processing payments for President Donald Trump’s campaign website. According to WSJ, a source close to the situation stated that Stripe is cutting off the campaign account for violating… Read More

Reg CF: 62 FINRA Regulated Crowdfunding Portals. How Many Will Endure?

To issue securities under Reg CF (Regulation Crowdfunding), a platform must either be a FINRA regulated funding portal or a broker-dealer. In this sector of online capital formation, both types of regulated entities issue securities under this rule. Periodically, we re-visit the number of FINRA… Read More

On Anniversary of Reg CF, there are Now 51 Active Funding Portals. Almost 1,500 companies Have Raised $367 Million

This past week, Reg CF (or Regulation Crowdfunding) celebrated its 4th birthday. Reg CF is one of three securities crowdfunding exemptions that were created by the JOBS Act of 2012. While Reg CF became law back in 2012, it took the Securities and Exchange Commission… Read More

Honeycomb Credit Announces “Loyalty Bonds”

Honeycomb Credit has announced a new financial product for SMEs called “Loyalty Bonds.” This new product is less a bond and more of a gift card as the offering enables small businesses to quickly raise cash today with the purchaser receiving a gift card worth… Read More

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