Ever since Bitcoin came to the fore as a cryptocurrency providing an alternative to traditional finance, blockchain has been demonstrating its capabilities within financial services. In this article, we take a closer look at how blockchain technology is driving value for financial service organizations. The value of DeFi One key financial services use case for
PROVEN Investments Limited (PROVEN/PIL), through its newly formed subsidiary PROVEN Bank Holdings Limited, is pleased to announce the completion of its acquisition of 100% of the outstanding shares in Fidelity Bank (Cayman) Limited (FBC) from Fidelity Bank & Trust International Limited effective February 1, 2022. The move to acquire Fidelity Bank (Cayman) Limited (FBC) which
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce that an affiliate of H.I.G. Technology Partners (“HTP”) has entered into a definitive agreement to make a strategic investment in Mobileum, Inc. (“Mobileum” or the “Company”) to help the Company accelerate technology investments
Ayoconnect, Southeast Asia’s largest open finance platform, has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and FinTech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid co-founder William Hockey and Jerry Ng, President Commissioner of Bank Jago. Ayoconnect
Elevate Credit, Inc., a leading tech-enabled provider of innovative and responsible online credit solutions for consumers, today announced that it is working with Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank (the “Bank”), as the Bank seeks to expand its presence beyond Hawaii and into the mainland U.S through Swell, a
BNP Paribas has partnered with asset management firm Apollo and its subsidiary Athene to set up a new inventory finance platform. Eliant Inventory Solutions, which is now live, is built on tech provided by software company GEP Worldwide. Athene, which merged with Apollo this month, serves as Eliant’s primary financing partner, while Apollo will act as
Are you ready to set yourself on the road to a stronger financial future in 2022? In this segment of Backstage Pass, recorded on Jan. 7, Fool contributors Toby Bordelon and Will Healy discuss some of the top financial steps investors should take to have a financially stronger 2022. Read More
China Finance Online Co. Limited, a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced that it received a letter, dated January 19, 2022, from the
Many small businesses start out with the help of their friends and family. Learn more about the benefits and risks of this financial approach.
Bank of America Corp reported a better-than-expected 30% jump in quarterly profit on Wednesday, driven by loan growth and record-breaking M&A volumes in its investment banking business.Flush with cash and emboldened by soaring stock market valuations, large buyout funds, corporates and financiers struck billions of dollars worth of deals in the fourth quarter, generating record
A finance charge refers to any cost related to borrowing money, obtaining credit, or paying off loan obligations. It is, in short, the cost that an individual, company, or other entity incurs by borrowing money. Any amount that a borrower needs to pay in addition to paying back the actual money borrowed qualifies as a
Firm Capital Mortgage Investment Corporation is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters bookrun by TD Securities Inc., National Bank Financial Inc., and CIBC Capital Markets, $40,000,000 aggregate principal amount of 5.00% convertible unsecured subordinated debentures due March 31, 2029
