FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and daily.
Binance Signs MoU with the City of Busan to Further Foster Blockchain Industry Development
Binance, the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, announced today the signing of a Memorandum of Understanding (MoU) with the City of Busan in South Korea.
Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
Netcapital Inc. a digital private capital markets ecosystem, announced the successful completion of a capital offering by Avadain, which developed a green manufacturing technology to manufacture high quality graphene flakes and is backed by Panasonic. Avadain’s offering closed on July 28, 2022, selling 341,685 units at a share price of $4.00 for a total of approximately $1.37 million in proceeds.
HomeGuide Mortgage Welcomes New Venture President, Tim Carroll
HomeGuide Mortgage, a joint venture partnership between CMG Financial, a privately-held, well-capitalized mortgage banking firm, and RE/MAX Gold Nation, the Number One RE/MAX Organization in the World, announced today its new Venture President, Tim Carroll. A 26-year mortgage industry veteran, Carroll will bring an invaluable leadership presence to the budding company.
Koalafi Closes Multi-Million Dollar Warehouse Facility with Forbright Bank
Koalafi, a fast-growing consumer financing provider committed to providing innovative pay-over-time options to customers from all credit backgrounds, announced today the signing of a multi-million secured debt facility from Forbright Bank. This facility helps Koalafi rapidly scale and expand loan originations to a broader range of consumers through its first-in-kind, single financing solution, which launched nationwide last year.
Community Bank System, Inc. Announces Senior Management Changes
Community Bank System, Inc. announced two senior management changes. Joseph F. Serbun, President, Retail Banking, of the Company and its wholly-owned subsidiary, Community Bank, N.A. (the “Bank”), has decided to retire after more than 14 years of service. Mr. Serbun joined the Bank in January 2008 as Vice President and Commercial Team Leader, and was named to the executive management committee in 2010. Since 2010, he has served in important senior management roles including Chief Credit Officer, Chief Banking Officer, and President, Retail Banking, playing an instrumental role in the Bank’s growth and success. Mr. Serbun will retire from his position effective as of September 30, 2022.
