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The European Crowdfunding Network (EUROCROWD) is pleased to announce the election of its new non-executive board, a strategic move to consolidate our position as the industry’s representative body. The newly elected board brings together leading figures “from the crowdfunding and professional services sectors, reflecting the... Read More
According to an update shared by the Bank of England, risks to the UK financial system have remained broadly unchanged since Q1. However, some asset prices have continued to rise, and the risk of a sharp correction persists. The Bank of England pointed out that... Read More
Rainforest, a payment provider purpose-built for software platforms, announced it has raised an oversubscribed $20 million Series A funding round led by Matrix Partners.” Additional participating investors “include Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners – all of whom... Read More
The Saudi Central Bank (SAMA) has reportedly permitted two new Fintech startups to test their innovative solutions in SAMA’s regulatory sandbox. As noted in the update from SAMA, “Sulfah for Finance” is authorized to launch a peer-to-peer (P2P) lending platform and “Wadaie for FinTech” to... Read More
Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups has announced the completion of the acquisition of Third Financial, following regulatory approval from the Financial Conduct Authority (FCA) in May this year. Third Financial is an investment platform and front-to-back wealth management software... Read More
The Small Business and Entrepreneurship Council (SBE Council) has commented on the current economic environment pertaining to smaller firms. Following the recent Presidential debate in Atlanta, the SBE Council noted that small businesses received little attention from either President Jo Biden or prior President Donald... Read More
The ecosystem for capital-raising for commercial real estate is slowly embracing something new: the ability to raise significant capital directly from retail investors and blending it with capital from family offices, and other smaller institutions. We’re in a new age of capital raising for the... Read More
A TransUnion (NYSE: TRU) study released today found that consumer affordability challenges and tighter lending restraints are impacting new vehicle originations across the auto industry. The study, Originating Auto Loans With Confidence, “explored trends in auto originations, consumer savings, debt burdens and credit scores in... Read More
BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, an independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools “with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent... Read More
Acuity Knowledge Partners, a provider of high-value research, analytics and business intelligence solutions to the financial services sector, today announced the acquisition of PPA Group (PPA). PPA is a technology-enabled service provider “to financial institutions in Germany and Switzerland, providing services focused on bespoke structuring... Read More