Tagged: california

July 23, 2021 @ 5:21 pm By Omar Faridi  |  

InvestCloud, a global Fintech company that designs and creates financial software for established banks, wealth managers and asset managers, has been chosen by BNP Paribas Wealth Management to offer Client Relationship Management (CRM) and Client Lifecycle Management (CLM) services for onboarding and “nurturing” high-net-worth (HNWI)… Read More

July 21, 2021 @ 7:25 pm By Omar Faridi  |  

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know… Read More

June 8, 2021 @ 10:07 pm By Omar Faridi  |  

Foreside Financial Group, LLC, a provider of governance, risk management, and compliance service and tech solutions to clients in the wealth management sector, has reportedly acquired  compliance consulting firm Golden Bear Consulting Group, LLC, a boutique regulatory compliance consultancy headquartered in Newport Beach, California. Launched… Read More

June 2, 2021 @ 12:36 am By Omar Faridi  |  

TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health,” recently revealed that Ohad Samet, CEO and Co-founder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation… Read More

May 13, 2021 @ 9:33 pm By Omar Faridi  |  

California-based Fintech company Wealthfront revealed on Wednesday (May 12, 2021) that marketing executive and entrepreneur Jaleh Bisharat has joined the firm’s Board of Directors. According to a release shared with CI, Bisharat has over 30 years of experience working as a marketing executive at major… Read More

May 7, 2021 @ 10:45 am By JD Alois  |  

When is a bank a bank? While this is a great debate for regulators and existential philosophers, for most people it simply has to do with holding money securely and using it when you want. For years now, Fintechs that have provided bank-like services have… Read More

May 2, 2021 @ 1:09 pm By Omar Faridi  |  

Fintech Unicorn Marqeta is reportedly planning to conduct an initial public offering (IPO) later this year, according to a report from BI. Oakland-based payments processor Marqeta is valued at around $4.3 billion. The company provides debit cards to firms such as DoorDash and Instacart. Marqeta… Read More

April 14, 2021 @ 11:57 pm By Omar Faridi  |  

UNA Blockchain, a subsidiary of Hopium, the car manufacturer that develops “high-end” hydrogen sedans, is launching its new blockchain ecosystem. Based in Venice, California, UNA Blockchain aims to position itself as a leader within the automotive sector, according to a release shared with Crowdfund Insider…. Read More

March 26, 2021 @ 10:17 pm By Omar Faridi  |  

Regulators care “as much about consumer preference in debt collection as creditors,” according to Kelly Knepper-Stephens, Vice President Legal & Compliance at TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health.” Kelly, who’s based in the San Francisco Bay… Read More

March 22, 2021 @ 11:08 pm By Omar Faridi  |  

Google (Nasdaq:GOOGL) is reportedly planning to spend $7 billion on real estate this year, mainly in the form of office space and data centers. During 2020, the tech giant had put its real estate spending plans on hold as the COVID-19 pandemic weighed on the… Read More

March 13, 2021 @ 4:46 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront has explained how we can choose between taxable and “tax-advantaged” investment accounts. Wealthfront notes that if you’re ready to begin investing, then you need to figure out what type of account you should be opening and maintaining. You can open up… Read More

February 28, 2021 @ 9:44 pm By Omar Faridi  |  

Robinhood Markets Inc, the leading zero-fee stock trading app provider, stated on Friday (February 26, 2021) that US regulatory authorities were investigating the firm’s temporary trading restrictions on these so-called “meme stocks” earlier in 2021. These activities have come under increased scrutiny as the shares… Read More

February 21, 2021 @ 9:48 pm By Omar Faridi  |  

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, has published its private markets report for Q4 2020. Carta’s report, which was posted on February 17, 2021, notes that venture capital managed to close out 2020… Read More

February 12, 2021 @ 9:37 am By JD Alois  |  

Miami Mayor Francis Suarez is going all-in on Bitcoin as he announced via Twitter that he has requested the city manager to research a vendor to facilitate Bitcoin payments as well as paying employees in Bitcoin. Crypto insiders quickly embraced the move with Anthony Pompliano… Read More

February 5, 2021 @ 5:19 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront revealed on February 4, 2021 that its customers will now be able to use their service to monitor for and automatically transfer excess funds to a Wealthfront Roth IRA, Traditional IRA or a 529 College Savings Account. As noted in a… Read More

February 5, 2021 @ 7:52 am By Omar Faridi  |  

The team at Bondora, a European peer to peer lending platform, states that the first month of 2021 is “setting the tone” for the year to come. Bondora notes that the Fintech sector is still growing steadily. including Portugal’s financial technology industry as the country… Read More

February 2, 2021 @ 8:50 pm By Omar Faridi  |  

California-headquartered Fintech firm InvestCloud has reportedly completed a recapitalization that now values the platform at around $1 billion. According to a release, new financial investors are led by Motive Partners with Clearlake Capital Group, L.P. and also includes other InvestCloud client shareholders. Under the terms… Read More

December 10, 2020 @ 7:43 am By Omar Faridi  |  

Robinhood, a popular trading app that has encouraged a new generation of investors to take part in equity trading, has reportedly hired giant Wall Street investment bank Goldman Sachs to lead the Fintech firm’s IPO. Robinhood Markets will be working with Goldman Sachs (NYSE:GS) in… Read More

December 9, 2020 @ 7:54 am By Omar Faridi  |  

  California based Fintech firm Wealthfront announced on December 8, 2020, that banking industry professionals Sheila Bair and Tom Curry are joining the firm’s Banking Advisory Group. The Committee is expected to play a key role in navigating regulatory and partnership efforts as Wealthfront plans… Read More

November 28, 2020 @ 5:48 pm By Omar Faridi  |  

Marqeta, a Fintech Unicorn that claims to be the first global modern card-issuing platform, is reportedly working with many startups that are now using Marqeta’s payment card issuance technology. Marqeta is also working closely with Goldman Sachs and J.P. Morgan Chase & Co. as the… Read More