July 30, 2024 @ 9:40 am By JD Alois  |  

British Columbia Investment Management Corporation (BCI) has sold its majority stake in alternative asset firm Hayfin Capital Management to Arctos Partners. Terms of the deal were not immediately available. BCI will remain a “significant and strategic limited partner in certain key Hayfin fund strategies.” BCI… Read More

July 30, 2024 @ 9:23 am By Omar Faridi  |  

Kaspersky is pleased to announce the launch of a new AI-focused module within its Kaspersky Automated Security Awareness Platform (ASAP). This latest addition aims to equip professionals “with the necessary skills to combat the evolving threats posed by AI-driven cyberattacks.” The urgency of understanding AI-related… Read More

July 30, 2024 @ 9:19 am By JD Alois  |  

As the UK pushes aims to improve its financial services market, including Fintechs, the Bank of England and Prudential Regulation Authority (PRA), have announced a new Cost Benefit Analysis Panel (CBA Panel). This new Panel will proffer advice on the impact of new rules or… Read More

July 30, 2024 @ 8:10 am By Omar Faridi  |  

AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation “from Par Equity and financial services industry leaders: Lloyds Banking Group and Nationwide.”… Read More

July 30, 2024 @ 8:09 am By Omar Faridi  |  

For the “first” time in United States history, crypto has become a significant campaign issue in a presidential election, according to Gemini‘s upcoming 2024 State of Crypto survey. The study shared by Gemini found that “more than one in five Americans currently own cryptocurrency (21%).”… Read More

July 30, 2024 @ 8:07 am By Omar Faridi  |  

Institutional investors and wealth managers are increasingly convinced the $100,000 Bitcoin landmark will be achieved with one in five expecting it will be hit within two years (the current price is $66,687), according to new global research by London-based Nickel Digital Asset Management, Europe’s digital… Read More

July 30, 2024 @ 8:00 am By JD Alois  |  

Blue Tree Technologies, a Foodtech that removes sugar from common foods, has raised $2.26 million in a funding round led by online investment platform OurCrowd. Sucden Ventures also participated in the funding round. Founded in Israel in 2020 by Didier Toubia, a co-founder and former… Read More

July 30, 2024 @ 7:44 am By Omar Faridi  |  

Pacaso, the real estate marketplace for co-owned luxury vacation homes, marks a significant milestone with the passage of a new ordinance by the Palm Springs City Council. This is the first city in California to “affirmatively recognize and regulate co-owned homes, ensuring they are thoughtfully… Read More

July 30, 2024 @ 4:34 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced today that it has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to “scale operations… Read More

July 29, 2024 @ 11:30 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics to quantify cyber risk, estimates preliminary insured losses from the July 19 CrowdOut event for the standalone cyber insurance market at between $400mn and $1.5bn. The faulty CrowdStrike Falcon Sensor update and subsequent outage – the CrowdOut Event… Read More

July 29, 2024 @ 11:29 pm By Michael Wong  |  

The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) have issued a joint statement highlighting potential risks associated with banks’ partnerships with third parties, particularly Fintech firms. The regulators aim to underscore the importance of effective risk… Read More

July 29, 2024 @ 11:23 pm By Omar Faridi  |  

Origination shows a record year of £378 million lent to SMEs across the UK, “representing an increase over the last year, during a period of time when the overall market has seen a drop in volumes by more than 19%.” This, according to an update… Read More

July 29, 2024 @ 11:22 pm By Omar Faridi  |  

FTC Chair Lina M. Khan, alongside international antitrust enforcers and the Department of Justice, Antitrust Division, issued a statement affirming a commitment “to protecting competition across the artificial intelligence (AI) ecosystem to ensure effective competition that provides fair and honest treatment for both consumers and… Read More

July 29, 2024 @ 11:21 pm By Omar Faridi  |  

Banxa Holdings Inc. (TSXV: BNXA) is pleased to announce the appointment of Zafer Qureshi as Co-CEO, joining forces with Holger Arians. This strategic move aims to “leverage their combined expertise to propel Banxa into a new era of growth and innovation.” Holger Arians, Chairman and… Read More

July 29, 2024 @ 11:19 pm By Omar Faridi  |  

Bluechain, the EIS certified fintech transforming the payments and receivables process, claims it has capitalized on a steady 2023 with growth in 2024 across users, transaction volume and revenue. Off the back of 2023 and with rapid expansion plans, Bluechain has announced “an opening funding… Read More

July 29, 2024 @ 6:18 pm By Omar Faridi  |  

bunch, a Fintech seeking to private markets, has announced the closing of a $15.5 million Series A funding round. The funding was led by FinTech Collective, along with existing investors including, Cherry Ventures and Motive Ventures. Other investors in the round were Broadhaven Ventures and… Read More

July 29, 2024 @ 3:12 pm By JD Alois  |  

The Chairman of the House Financial Services Committee, Patrick McHenry, has named Kim Betz as the new staff director for the Committee. McHenry issued a statement indicating Betz has been a close confident and top advisor during his tenure as the Chair. “Her deep experience… Read More

July 29, 2024 @ 2:36 pm By Omar Faridi  |  

NatWest Group plc announces that it1 has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction2 NatWest Group “expects to welcome… Read More

July 29, 2024 @ 2:35 pm By Omar Faridi  |  

On 25 July 2024, BNP Paribas arranged and placed the first ever Sovereign digital bond issuance for Eurozone and EMEA, the Republic of Slovenia with on-chain settlement using the Banque de France’s (BdF) tokenized Cash solution provided within the European Central Bank’s (ECB) wholesale central… Read More

July 29, 2024 @ 12:37 pm By Omar Faridi  |  

A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find “a price tag of $1 million or more on the typical starter home,” a new Zillow (Nasdaq: Z and ZG) analysis finds. The Zillow real… Read More