Regulatory Developments

Biden nominates replacement for Chopra

President Joe Biden has nominated a privacy advocate from Georgetown University’s law school to take Rohit Chopra’s seat on the Federal Trade Commission (FTC). This nomination comes at a time when the FTC has been critiqued for not doing enough to protect consumers’ data. FTC Chair Lina Khan, also a Biden appointee, congratulated the new … Read more

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Commercial, multifamily delinquencies decrease

Findings from the Mortgage Bankers Association’s monthly commercial real estate loan performance survey and a report on commercial and multifamily delinquency in the second quarter of 2021 showed said delinquencies to be on the decline. “Delinquency rates for mortgages backed by commercial and multifamily properties have broadly improved in recent months as the U.S. economy … Read more

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Fathom Holdings quarterly revenue more than doubles

Fathom Holdings Inc. total revenue for the second quarter rose 118 percent year-over-year, from $38.7 million to $84.2 million. Read on for more from the company’s second-quarter earnings report.

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Security 1st Title launches in Nevada

Security 1st Title expanded into Nevada, opening three offices in Boulder City, Las Vegas, and Pahrump. The company has more than 500 employees and 76 locations across Kansas, Missouri, and Nevada. Read on for more.

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HomeLight secures $363 million in funding

Proptech HomeLight recently secured $363 million in new funding. The funding round included $100 million of Series D equity and $263 million in debt financing and was led by Zeev Ventures. Read on for more about HomeLight’s plans for the investment.

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Cybersecurity, Data and AML/Sanctions

RBC rolls out spending forecasting tool

Royal Bank of Canada has added a forecasting feature to its artificial intelligence-powered budgeting tool, Nomi.

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2021 has broken the record for zero-day hacking attacks

A zero-day exploit—a way to launch a cyberattack via a previously unknown vulnerability—is just about the most valuable thing a hacker can possess. These exploits can carry price tags north of $1 million on the open market. And this year, cybersecurity defenders have caught the highest number ever, according to multiple databases, researchers, and cybersecurity … Read more

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How Northern Ireland is helping to build a cyber-secure future

At the recent National Cyber Security Centre’s CYBERUK conference, former Foreign Secretary Dominic Raab referred proudly to Northern Ireland as a “world-leading cybersecurity hub, and a top international investment location for cybersecurity firms”. Raab’s comments may have been news to those unfamiliar with the region – but, to US tech investors, it is the number … Read more

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CaixaBank extends IBM partnership to underpin new CloudNow service

CaixaBank has signed an extended partnership agreement with IBM to underpin its new CloudNow project. Caixa and IBM have a decades-long partnership The Spanish bank is aiming to improve its core applications, improve efficiencies, and “reinforce its innovative vision” with increased resiliency. Part of the launch of this new hybrid cloud platform is membership of … Read more

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Regtech start-up PassFort lands $16.2m Series A funding round

Software-as-a-Service (SaaS) regtech platform PassFort has closed a Series A funding round, raising $16.2 million. PassFort CEO Donald Gillies The fundraise was led by US growth equity fund Level Equity, with participation from existing investors OpenOcean, Episode 1 and Entrepreneur First. Additionally, $4.89 million of venture debt was put forward by SME-focused finance provider Shard … Read more

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Crypto/Blockchain

Fed Chair Powell Updates Progress of Digital Dollar, Says ‘I Don’t Think We Are Behind’ on CBDC

Federal Reserve Chairman Jerome Powell has shared the progress of the Fed’s work on a central bank digital currency (CBDC), the digital dollar. “We are working proactively to evaluate whether to issue a CBDC and, if so, in what form,” he said, adding that he does not believe the U.S. has fallen behind other countries … Read more

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Bitcoin Daily: Spain’s PortAvertura World to Take Bitcoin at Hotels Next Season; Asset Manager Cobo Nets $40 for DeFi Infrastructure

PortAventura World, a resort possessing Europe’s most theme parks and six hotels, is creating software so guests can use cryptocurrency to pay, according to a press release. The project will be rolled out in the beginning of 2022 as the six hotels … Read more

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Derivatives data favors Ethereum bulls even with this week’s crash below $3K

Losing the $3,000 mark just days before Friday’s $1.55 billion ETH options expiry nearly doomed Ether longs, but derivatives data shows bulls are still in favor. Ether (ETH) has been in a bearish trend since early September, and this week’s Evergrande-led market crash drove the price below $2,700 on Sept.20, its lowest level in 47 … Read more

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Will Robinhood force crypto trading to go ‘no-fee’?

Will Robinhood force crypto trading to go ‘no-fee’? | Fortune You need to enable JavaScript to view this site.

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Twitter Launches Bitcoin Tipping Feature, Explores NFT Authentication

Twitter has begun rolling out “Tips,” a feature that allows users to send bitcoin or cash tips. The rollout begins with iOS users with Android coming soon. The company is also planning support for non-fungible token (NFT) authentication. Twitter Rolls Out ‘Tips’ With Bitcoin Twitter Inc. announced Thursday that it is rolling out the bitcoin … Read more

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Banking, Finance and Investment

The path to personalisation

I love mobile banking. It has been a game changer for me. The next five years should be about building digital banking as a customer relationship platform I love its simplicity – I can log in with my face or scroll through transactions using my thumb and the way it validates payees’ bank details is … Read more

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Zolve launches immigrant-focused banking products

Neobank Zolve has launched to provide US immigrants the ability to obtain a fully insured US bank account, credit card and debit card, without the need for a social security number. Zolve CEO, Raghunandan G The firm says its online application process takes under 10 minutes and customers will only need to provide a valid … Read more

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Funding Portal Fundify Launches, Lists First Securities Offerings

Fundify has officially announced its launch as a FINRA regulated funding portal offering securities under Reg CF (Regulation Crowdfunding). In a company release, Josh Chodniewicz, founder and CEO of Fundify, stated: “This is an incredible time in the equity crowdfunding market. It’s growing by triple-digit… Read More The post Funding Portal Fundify Launches, Lists First … Read more

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A perfect storm: cash collection and the rise of digital payments

Millions, maybe billions, of words have been written over recent months about how businesses have successfully morphed into virtual organisations, with remote workforces leveraging technology to carry on seamlessly delivering their services. The pandemic exposed a raft of inefficiencies in how payments are made For many, it’s also meant a significant adjustment in the exchange … Read more

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StartEngine’s Security Offering Tops $7.3 Million

StartEngine’s self-crowdfunding round is cruising towards its goal of raising $55 million. Launched at the end of August, StartEngine has now raised $7.324 million backed by over 4200 individual investors. StartEngine is utilizing the Reg A+ securities exemption, a process that allows the company to… Read More The post StartEngine’s Security Offering Tops $7.3 Million … Read more

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