Tagged: new jersey

July 29, 2023 @ 11:47 am By Omar Faridi  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (CRE) lending program and deep market experience, announced the closing of the second quarter, “totaling over $66 million in loans year-to-date.” Additionally, the team reports that it “saw… Read More

August 30, 2022 @ 6:14 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology with a growing presence in New Jersey, is reportedly partnering with Rutgers University-Newark “to create and fund a new program designed to drive diversity and innovation within the financial technology field.” The… Read More

August 13, 2022 @ 10:45 am By Omar Faridi  |  

San Francisco’s blockchain payments Fintech Ripple Labs Inc, which is currently involved in an extensive legal battle with the US Securities and Exchange Commission (SEC), is reportedly interested in acquiring the assets of bankrupt cryptocurrency lending platform Celsius Network. This, according to statements shared by… Read More

July 4, 2022 @ 9:17 am By Omar Faridi  |  

Just three weeks after (the once leading) cryptocurrency lender Celsius revealed that it was halting withdrawals, platform users are now demanding some answers, according to a report from the WSJ. When crypto-asset lending platform Celsius had suspended customer accounts following a sharp decline in valuations,… Read More

February 12, 2022 @ 9:49 am By Omar Faridi  |  

BlockFi Inc. is reportedly getting ready to pay $100 million in order to settle allegations from the US Securities and Exchange Commission (SEC) and State regulators that it had been illegally offering a product that pays clients really high interest rates to lend out their… Read More

December 22, 2021 @ 9:06 am By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that enables consumers to purchase, sell, send and spend various cryptocurrencies, announced that Manasquan Bank, a NJ-headquartered mutual community bank with total consolidated assets of $2.7 billion, will be “participating in its early adopter program, which,… Read More

December 1, 2021 @ 2:55 pm By Omar Faridi  |  

STP Investment Services, an international, end-to-end investment operations service provider that supports over $340 billion in total assets, has reportedly acquired third-party fund administrator Tower Fund Services. The acquisition deal substantially increases STP’s alternative fund administration value proposition for its clients, “while simultaneously delivering Tower… Read More

April 17, 2020 @ 5:17 pm By Omar Faridi  |  

NICE Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has launched KYC Xpress, a cloud-powered solution. According to a release, KYC Xpress automates manual know-your-customer (KYC) processes. It aims to enhance the overall speed, accuracy, and efficiency of processing KYC… Read More

January 25, 2020 @ 12:36 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience… Read More

January 24, 2020 @ 12:51 pm By Omar Faridi  |  

New Jersey-based NICE Actimize, a subsidiary of Israel-headquartered NICE Ltd, recently confirmed that CipherTrace, a leading provider of digital currency intelligence and blockchain security, has joined the X-Sight Marketplace – which is an established platform for combating financial crime and ensuring compliance. The X-Sight Marketplace… Read More

August 9, 2019 @ 6:34 pm By Cali Haan  |  

New Jersey Governor Phil Murphy has approved two bills to support the development of blockchain technology in the state, NJ Biz reports. ‘Blockchains’ are essentially distributed (shared) databases that use encryption to secure data. Their use was widely hyped during the crypto craze of 2017…. Read More

July 18, 2019 @ 10:29 pm By Cali Haan  |  

Attorney General of New Jersey and the Chief of the New Jersey Bureau of Securities have filed a civil action complaint against Sarvajnya G . Mada (“Mada”) and Pocketinns, Inc., accusing them of selling, “approximately $410,000 of unregistered securities to 217 investors in violation of…New Jersey… Read More

February 12, 2018 @ 8:32 am By JD Alois  |  

The State of New Jersey has issued an emergency order halting Bitstrade, a firm that promised “investment profit guaranteed” via cryptocurrency related investment plans. Bitstrade posts that 960 “happy investors” have used their services. Bitstrade claims to be able to return 10% interest accrued daily… Read More

August 2, 2017 @ 9:00 am By JD Alois  |  

Insurtech company Lemonade is now available for residents of New Jersey. Homeowners and renters may purchase insurance in seconds at Lemonade.com, or through the Lemonade app. New Jersey is the fourth state in Lemonade’s nationwide roll out.  The Garden State joins New York, California, and… Read More

July 14, 2016 @ 10:25 am By Samantha Hurst  |  

On Thursday, real estate crowdfunding platform iFunding announced it has secured $6.2 million in total financing for the recapitalization and renovation of a 26-unit, 6-story residential building in Asbury Park, New Jersey over the past nine months. iFunding revealed it originally provided acquisition financing totaling $2.85… Read More

December 22, 2015 @ 10:42 am By Samantha Hurst  |  

iFunding, a commercial real estate crowdfunding platform for accredited investors, announced today that they raised $330K in mezzanine financing for a $2.85M senior loan mortgage. The property is located at 1706 Park Ave, in Asbury Park, New Jersey. The senior loan was pre-funded by iFunding… Read More

November 13, 2015 @ 4:40 pm By JD Alois  |  

New Jersey has become the latest state to sign into law legislation designed to provide access to capital for startups and entrepreneurs similar to the federal JOBS Act of 2012.  This comes less than 2 weeks after final rules were revealed for Title III of… Read More

September 8, 2015 @ 8:12 am By Samantha Hurst  |  

Real estate crowdfunding platform iFunding announced on Tuesday that it has raised a total of $4 million for two real estate projects located in Asbury Park, New Jersey from investors nationwide. After the success of raising iFunding’s largest deal, $3.2 million for 301 Memorial Drive,… Read More

September 3, 2015 @ 10:26 am By Samantha Hurst  |  

On Thursday, real estate crowdfunding platform EarlyShares launched a new equity investment opportunity available to accredited investors. The offering is for the redevelopment of the Shoppes at Godwin, a mixed use retail center in Midland Park, New Jersey. Accordia Realty Ventures LLC, the sponsor of the… Read More

August 27, 2015 @ 11:18 am By Erin Hobey  |  

EarlyShares, a real estate crowdfunding platform that gives accredited investors direct access to commercial real estate opportunities, has announced a new venture with Accordia Realty Ventures. Their second offering on EarlyShares, Accordia debuted the Shoppes at Godwin, an equity investment opportunity in the redevelopment of a… Read More