Search Results for: regulatory capital

The Swiss Financial Industry Has Successfully Traded and Settled Tokenized Investment Products
Blockchain News

The Swiss Financial Industry Has Successfully Traded and Settled Tokenized Investment Products

Fintech News Desk
by Fintech News Desk0
Credit Suisse, Pictet and Vontobel have conducted a proof of concept to issue tokenized investment products recorded on a public blockchain and traded on BX Swiss, the Swiss regulated stock exchange For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism......
Figure Acquisition Corp. I Announces Intention of Business Combination with a Large Warehouse Lender and Bank Holding Company
Banking News

Figure Acquisition Corp. I Announces Intention of Business Combination with a Large Warehouse Lender and Bank Holding Company

Fintech News Desk
by Fintech News Desk0
Figure Acquisition Corp. I, a publicly traded special purpose acquisition company, is in discussions with a large warehouse lender and bank holding company with nationwide residential mortgage lending and servicing operations (the “Bank”) regarding a potential merger (the “Proposed Transaction”). The Company and the Bank have signed a non-binding letter......
Digital Asset Management News Technology

Evertas, the Leading Crypto Insurance Company, Closes $14 million Series A To Expand Capacity And Develop New Products And Standards

Fintech News Desk
by Fintech News Desk0
 Evertas, the world’s first and leading crypto insurance company, announced the successful closure of a series A financing round. Led by Polychain Capital, the round raised $14 million. That, in addition to $5.8 million seed financing, puts the company’s total outside investment at $19.8 million. Evertas intends to use the......
Finance Investments News

Newtek Secures Approximately $300 Million In Debt Financing To Further Its Growth And Objectives For 2023

Fintech News Desk
by Fintech News Desk0
Newtek Business Services Corp. announced that its new joint venture, Newtek-TSO II Conventional Credit Partners, LP, has closed a $150 million leverage facility from a well-known investment bank to be used to fund the acquisition of non-conforming conventional loans made to middle-market companies as well as small businesses. In addition, Newtek’s......
Finance of America to Acquire Assets of Reverse Mortgage Lender AAG
Finance Mortgage News

Finance of America to Acquire Assets of Reverse Mortgage Lender AAG

Fintech News Desk
by Fintech News Desk0
Strategic acquisition marks expansion into direct-to-consumer retail channel, underscores commitment to expanding access to home equity solutions for America’s retirees Finance of America Companies Inc., a leading specialty finance and solutions platform, announced it will acquire assets of American Advisors Group (“AAG”), a leading direct-to-consumer reverse mortgage lender, in exchange......
CFund Launched a Global Strategic Layout and Established an Australian Branch to Expand the Asia-Pacific Industry
Cryptocurrency News

CFund Launched a Global Strategic Layout and Established an Australian Branch to Expand the Asia-Pacific Industry

Fintech News Desk
by Fintech News Desk0
With the establishment of CFUND CAPITAL PTY LTD, CFund will provide encrypted asset management and encrypted market maker services for users in many countries and regions around the world According to CFund Capital‘s official Twitter account (@CFundcc) on December 1, the Australian Securities and Investments Commission has agreed and approved......
Pylon Closes $8.5 Million Seed Round to Build the Embedded Mortgage Infrastructure Platform
Mortgage News

Pylon Closes $8.5 Million Seed Round to Build the Embedded Mortgage Infrastructure Platform

Fintech News Desk
by Fintech News Desk0
Introducing a first of its kind mortgage-as-a-service platform built for developers Pylon, the embedded mortgage infrastructure platform, announced that it has raised $8.5 million in seed funding, led by Conversion Capital with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures, and Village Global alongside angel investors from Ramp, Blend, Zillow, SoFi, and Figure. The round will......
Nordic Banks Accelerate Changes Amid Market Shake-up
Banking Finance News

Nordic Banks Accelerate Changes Amid Market Shake-up

Fintech News Desk
by Fintech News Desk0
Traditional banks are modernizing internal and customer-facing technologies to compete with new payment, investment and lending alternatives, ISG Provider Lens report says Banks in the Nordics are going through significant technology and business transitions, moving from legacy systems to new cloud-based platforms and products in response to new competition and......
Warburg Pincus to Acquire K2 Insurance Services from Lee Equity Partners
InsurTech News

Warburg Pincus to Acquire K2 Insurance Services from Lee Equity Partners

Fintech News Desk
by Fintech News Desk0
Partnership with Management to Support Company’s Next Phase of Growth K2 Insurance Services, a leading independent specialty insurance program manager, announced that Warburg Pincus, a leading global growth investor, has agreed to acquire the company from Lee Equity Partners, LLC a growth oriented middle market private equity firm. The investment......
Moody’s to Acquire SCRiesgo, Expanding Reach in Latin American Domestic Credit Markets
Fintech News

Moody’s to Acquire SCRiesgo, Expanding Reach in Latin American Domestic Credit Markets

Fintech News Desk
by Fintech News Desk0
Moody’s Corporation announced that it has agreed to acquire SCRiesgo, a leading group of local credit rating agencies serving domestic financial markets in Central America and the Dominican Republic. The acquisition significantly expands Moody’s presence in Latin America and reaffirms its commitment to and support for the ongoing development of......
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