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Business News

ContractRoom Achieves SOC 2 Type 1 Flawless Attestation

Fintech News Desk
Compliance with nationally recognized security standard confirms ContractRoom’s commitment to safeguarding data.  Contract Room, Inc., maker of the world’s smartest Contract Lifecycle Management (CLM) platform, today announced it has successfully completed an audit established by the American Institute of Certified Public Accountants (AICPA) to certify its SOC 2 Type 1......
Fintech News

MoneyGram Adopts Tax Benefits Preservation Plan to Protect Tax Attributes

Fintech News Desk
MoneyGram International, Inc. (NASDAQ: MGI) (“MoneyGram” or the “Company“), a global leader in cross-border P2P payments and money transfers, announced today that its Board of Directors (the “Board“) has adopted a Tax Benefits Preservation Plan (the “Plan“) designed to protect and preserve the Company’s existing U.S. federal net operating loss carryforwards (“NOLs“),......
Capital Markets Fintech News

DebtX Offers $366 Million Real Estate Portfolio in the Nation of Colombia

Fintech News Desk
DebtX, the largest secondary marketplace for loans, today announced it is offering a $366 million portfolio of real estate assets in Colombia. Read More: A Quick Review on Some of The Biggest Global Fintech Mergers & Acquisitions The portfolio consists of just over 5,000 properties, primarily residential and land assets. The......
Banking Fintech Guest Posts

5 Things You Need to Know about the LIBOR Transition

Bruce Orcutt
LIBOR has often been regarded as the world’s most important number. It’s one of the most widely utilized interest rates in the world used for tens of millions of financial contracts worth more than USD 300 trillion globally. Its cessation December 31, 2021 will alter financial markets around the globe......
Banking Featured Fintech Fintech Startups

P2P Lending Apps that help Streamline Borrowing Needs

Tanika Mehrotra
Peer to Peer lending apps enables the lending of money through an online platform that easily connects prospective borrowers with prospective lenders. P2P lending is emerging as a popular option in the financial marketplace because of the lower interest rates and reduced operating costs. These platforms cater to personal as......
Fintech News Risk Management

ACI Worldwide to Deliver Fraud Prevention in the Cloud to All Customers Globally

Fintech News Desk
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that ACI Proactive Risk Manager and ACI Model Generator, part of ACI’s Payments Risk Management solution, can now be deployed in a private or public cloud environment by all existing customers globally. The move comes in response to......
City National Bank Names Richard A. Raffetto President
Banking Fintech News

City National Bank Names Richard A. Raffetto President

Fintech News Desk
Raffetto succeeds Christopher J. Warmuth, who retires after 18 years at the bank City National Bank, America’s Premier Private and Business Bank, announced that Richard A. Raffetto will join the company as president, effective August 31, 2020. He will be elected to City National’s board of directors and will report......
TiGRIS From Talatek Is Now Available in AWS Marketplace
Fintech News Risk Management

TiGRIS From Talatek Is Now Available in AWS Marketplace

Fintech News Desk
Fully managed SaaS solution enables buyers to take advantage of AWS secure managed services for their regulatory compliance requirements TalaTek, an integrated risk management firm, announced that its flagship governance, risk management, and compliance (GRC) solution, the TalaTek intelligent Governance and Risk Integrated Solution (TiGRIS) is available for purchase in AWS Marketplace.......
Francisco Partners Announces Closing of Nearly $10 Billion in Capital Commitments
Capital Markets Fintech News

Francisco Partners Announces Closing of Nearly $10 Billion in Capital Commitments

Fintech News Desk
Francisco Partners (FP) announced the closing of approximately $10 billion in capital commitments across three funds: Francisco Partners VI, L.P., a $7.45 billion equity fund, Francisco Partners Agility II, L.P., a $1.5 billion equity fund, and FP Credit Partners, L.P., a $750 million opportunistic credit fund. Each fund was substantially......
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