On 1st June, card giant Visa crashed and sparked payment chaos across the UK and Europe. Visa’s statement said “the issue was the result of a hardware failure”, but experts believed a hardware failure could not cause an outage for ...
OnDeck completes 2 new international credit facilities
OnDeck (NYSE:ONDK) announced this week the closing of an AUD $75 million asset-backed revolving credit facility with Credit Suisse, and the closing of a CAD $50 million asset-backed revolving credit facility with Crédit Agricole, to finance OnDeck originations in Australia ...
Republic closes $12M round
Republic, a retail investment platform affiliated with AngelList, announces it has closed a $12 million round to finance the tokenization of the Republic platform and the development of its own security token. The round was led by Binance Labs and ...
EY survey shows how leaders are winning digital transformation race
With banks, insurers and wealth and asset managers spending tens of millions of dollars on digital transformation programs, there is mounting interest in how they have managed success and the creation of value in vastly complex environments. According to a ...
Study: International public companies get home, US boost from OTCQX cross-trading
International companies, with a primary listing outside the US, experienced a 28 per cent increase in trading volume by number of shares within their home market after joining the OTCQX Best Market, according to a new study released today by OTC ...
China’s MYbank opens API to Chinese financial institutions
MYbank, an online private commercial bank in China with a focus on SME financing, today announced the launch of the Star Plan to open up its AI, computing and risk management capabilities to financial institutions in China. Through sharing these ...
P2Binvestor secures $17M funding boost
P2Binvestor (P2Bi), a marketplace lending platform offering crowdsourced, asset-secured lines of credit to growing companies, announced today that it has secured more than $17 million in a combination of debt and equity to fund its growth mostly for its new ...
Pindrop Express validates numbers before reaching call center
Pindrop, a provider of voice security and authentication, today announced Pindrop Express, a risk-based authentication solution with carrier embedded capabilities that can validate the customer’s phone number prior to the call arriving at the contact center. Express delivers a simple ...
Tokenized Andra Fund now available to Swarm investors
Swarm, a blockchain for private equity, announced the tokenized Andra Fund will be made available to its investors. Through the Andra Fund, Swarm investors will be able to utilize Bitcoin, Ethereum, Swarm, or the Dai stablecoin to invest in late-stage, ...
AST newest member of OTC Markets’ Transfer Agent Verified Shares Program
OTC Markets Group(OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced today AST has joined OTC Markets’ Transfer Agent Verified Shares Program. OTC Markets Group launched the Transfer Agent Verified Shares Program initiative with the goal ...