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.
DCI Is Your Fintech Advocate
Data Center Inc. (DCI), the privately-owned developer of digital banking and fintech processing solutions, announced they’re taking an even more definitive stance of being an advocate for community financial institutions
BlockFi Signs a Landmark Term Sheet with FTX to Provide a $250 Million Credit Facility
BlockFi, a global crypto financial services company, announced that the company signed a term sheet with FTX to secure a $250 million USD revolving line of credit providing BlockFi with access to further capital. The proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (such as BlockFi Interest Account*, BlockFi Personalized Yield, and BlockFi Loan collateral) at BlockFi and will be used as needed to further bolster BlockFi’s balance sheet, underscoring long-term stability for the company.
Platform.sh Secures $140 million in Series D Funding to Support Enterprises in Scaling Fleets of Websites and Applications
Platform.sh, a unified, secure, enterprise-grade platform for building, running and scaling web applications, announced it has raised $140 million in Series D funding. The round was led by Munich-based Digital+Partners, San Francisco-based Morgan Stanley Expansion Capital, and Paris-based Revaia, alongside existing investors BGV, Eurazeo, Hiinov, and Partech, all re-investing.
Choice Properties Real Estate Investment Trust Announces Issuance of $500 million of Series R Senior Unsecured Debentures
Choice Properties Real Estate Investment Trust announced that it has agreed to issue, on a private placement basis in certain provinces of Canada (the “Offering”), $500 million aggregate principal amount of series R senior unsecured debentures of the Trust that will bear interest at a rate of 6.003% per annum and will mature on June 24, 2032 (the “Debentures”).
Cidel Bank Canada Adopts ZTEdge Web Isolation to Protect Resources and Remote Users from Phishing, Ransomware and Zero-Day Threats
Ericom Software, a leading provider of Zero Trust cloud cybersecurity solutions and developer of the ZTEdge SASE Platform announced today that Cidel Bank Canada, a private bank focused on wealth management, has adopted Ericom’s ZTEdge Web Isolation solution to protect their users from web-based malware and phishing attacks.
