Mark Ruddock Joins FinstarLabs as CEO
- 9 years 3 months ago
- People Moves
Finstar Financial Group announces the appointment of Mark Ruddock as the CEO of FinstarLabs, the corporate venture group that identifies, invests in, and helps create cutting edge technologies that will enable the generation of new alternative financial services. This appointment reflects the commitment of Oleg Boyko, Founder and Chairman of Finstar Financial Group, to the continued growth of Finstar’s fintech and financial services investment...
Align Capital Partners Expands Its Team with New Hires
- 9 years 3 months ago
- People Moves
Align Capital Partners, LP, announced its expansion with the hiring of seven new employees. ACP, a growth-oriented, private equity firm that targets control investments in lower-middle-market companies, was founded in 2016 and closed its $325 million inaugural private equity investment fund in September. Joining ACP’s Cleveland office are Rick Costello, Operating Partner; Katie Noggle, Director of Business Development; Matt Beesley, Vice...
Majority of British Adults’ Personal Finance Confidence Unaffected by Brexit Vote – R3
- 9 years 3 months ago
- Infrastructure
Three-fifths (59%) of British adults say they are neither more pessimistic nor more optimistic about their personal finances following the UK’s vote to leave the EU, according to new research by insolvency and restructuring trade body R3. However, the R3/ComRes survey of over 2,000 British adults found that one-in-four (25%) say they are more pessimistic since the referendum, compared to 17% that are more optimistic.
Object Trading Conforms to Upgraded Singapore Exchange Titan Platform for Direct Connection to Pan-Asian Liquidity
- 9 years 3 months ago
- Trading Systems
Object Trading, a provider of multi-asset trading infrastructure, announced today that it fully conforms to Singapore Exchange’s (SGX) latest trading platform, Titan. Upgrading to NASDAQ’s Genium INET platform today enables SGX to offer enhancements and new features to participants including new connectivity protocols, extended trading hours, and enhanced risk controls; and delivers the ability to support increasing growth and interest in the...
Path Solutions Named Best Technology Solutions Provider to Islamic Microfinance by AlHuda CIBE
- 9 years 3 months ago
- Islamic Finance
Pakistan-based AlHuda CIBE has conferred the “Best Technology Solutions Provider to IMF 2016” award to Path Solutions for promoting global financial inclusion and demonstrating exemplary social responsibility towards a sustainable financial system. The award was granted to Path Solutions after a rigorous evaluation of a record number of nominations by an internal research team and an award committee at AlHuda CIBE.
DocuSign Launches Cybersecurity Centre of Excellence in Dublin
- 9 years 3 months ago
- Security
DocuSign announced today the opening of its Cybersecurity Centre of Excellence in Dublin as part of its ongoing commitment to Europe and protecting its customers' data and privacy. The Centre will be committed to conducting research into the latest cyberattacks and trends, while developing tools for the advanced detection of such threats. The project is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland.
IBM Blockchain Helps FinTechs and Banks Address KYC Challenge
- 9 years 3 months ago
- Blockchain, AML and KYC
Requirements that banks and financial institutions comply with Know Your Customer (KYC) requirements is a global challenge. Blockchain holds potential to help address this need to prove the identity of a person or organization, source of funds, business interests, history and also monitor for changes. During the Singapore FinTech Festival, IBM announced a blockchain project with Singapore fintech startup KYCK! to help enable financial services...
Vela Expands Management Team with Key Appointments
- 9 years 3 months ago
- People Moves
Vela Trading Technologies, a global leader in high performance trading and market data technology, today announced the appointment of two additions to the senior management team, Brian Cassin and Ollie Cadman. Providing leadership across North America, EMEA and APAC, Brian and Ollie will serve as joint heads of product and strategy.
t0 Unveils Blockchain-Based Securities Trading Platform at Singapore’s Global FinTech Hackcelerator
- 9 years 3 months ago
- Blockchain, Trading Systems, Security
Overstock.com, Inc. CEO Patrick M. Byrne will present the blockchain-based asset trading platform developed by the company’s financial technology subsidiary, t0.com, Inc. The software demo will take place at the prestigious Global FinTech Hackcelerator, organized by the Monetary Authority of Singapore. t0 is one of just 19 firms, selected from a competitive pool of 655 applicants worldwide, to participate in the competition. The presentation...
Fortress Announces Completes Acquisition of Limited Partner Interest in Red Rocks Energy Partners
- 9 years 3 months ago
- M&A Deals
Fortress Investment Group LLC (NYSE:FIG, “Fortress”) today announced that certain Fortress managed funds and accounts (“Fortress Credit Funds”) have acquired a limited partner interest in Red Rocks Energy Partners L.P. to own and develop oil and gas assets in over 7,200 acres in the SCOOP play in Grady, McClain, and Garvin Counties, Oklahoma.
V-Key Teams with Ant Financial to Secure Mobile Payments
- 9 years 3 months ago
- Payments, Security
V-Key, a global leader in digital security, and Ant Financial Services Group, the leading global tech company that provides online and mobile financial solutions, have entered into a collaboration. Under the partnership, V-Key will provide a virtual software solution called V-OS for Ant Financial to help secure transactions on AliExpress, one of Alibaba Group's international retail ecommerce platforms. (Ant Financial is a related company of...
Gemalto Receives U.S. Government Grant for Digital Driver’s License Pilot in Four Jurisdictions
- 9 years 3 months ago
- IT Innovations, Infrastructure
Gemalto, the world leader in digital security, is partnering with Colorado, Idaho, Maryland, and Washington D.C. to pilot digital driver's licenses (DDLs). Gemalto received a government grant to support these jurisdictions to pilot the development of a smartphone-based credential, and will implement an interoperable solution of a magnitude not seen before in the market. This partnership includes a two year grant from the U.S.
Gulf Capital Acquires a Controlling Stake in Sporter.com
- 9 years 3 months ago
- M&A Deals
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired a controlling stake in Sporter.com, the leading online retailer of sports and nutrition supplements in the GCC, operating in a rapidly growing sector of the digital economy. Sporter.com’soperations are located in state- of-the-art facilities across multiple countries, which allows the company to provide a...
Kroll Bond Rating Agency Appoints Patrick Welch as Chief Credit Officer
- 9 years 3 months ago
- People Moves
Kroll Bond Rating Agency (KBRA) announced today the appointment of Patrick Welch to the role of Chief Credit Officer. Pat will be reporting to Jim Nadler, President and COO.
Diebold Nixdorf Finalizes Joint Venture With China's Inspur Group
- 9 years 3 months ago
- ATMs, Infrastructure
Diebold, Incorporated today announced it has finalized its previously announced joint venture agreement with the Inspur Group. This agreement allows the newly combined Diebold Nixdorf to better provide a complete range of self-service solutions within the China market, including automated teller machines (ATMs), non-cash terminals and kiosks, in accordance with Chinese regulations. Also, Diebold Nixdorf will serve as the exclusive distributor...
