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Daily Fintech
Stablecoin News for the week ending Wednesday 21st December.
Here is our pick of the 3 most important stablecoin stories during the week. What a year 2022 has been! As this is my last post for the year, I have picked stories that seem to sum up what has been a wild 2022. Firstly, in stablecoins we had a number, in particular Algo stablecoins lose […]
POSTED DECEMBER 21, 2022 10:00 AM |
Alt Lending Week ending 16th December 2022
Alex Cartoon London Daily Telegraph 5th. December 2022 A picture tells a thousand words. The popular Alex cartoon which shines a light on banking practices and attitudes, this morning featured medium ranking investment banking executive Clive trying to influence his boss on the subject of his bonus. He constructs a list of deals that he […]
POSTED DECEMBER 16, 2022 6:30 AM |
Stablecoin News for the week ending Wednesday 14th December.
Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s are coming but what type? This week we saw more announcements on CBDC’s research and experiments, but it is unclear if we will get a Retail (direct account with the Central Bank) or Wholesale (direct account with a Bank and regulated […]
POSTED DECEMBER 14, 2022 10:00 AM |
Stablecoin News for the week ending Wednesday 7th December.
Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s are still marching, but is it Tokenization that is playing the tune. This week we saw a number of announcements on further progress being achieved with the many CBDC experiments taking place around the world. While Crypto burns in the dumpster […]
POSTED DECEMBER 07, 2022 10:00 AM |
Daily Fintech-Alt Lending week Ended 2nd. December 2022
Credit Rating need reform: FCA I needed to think carefully to get my head around this one. Apparently the FCA think that the retail credit agencies in the UK have significant variances between the information they hold on borrowers. This would not be particularly important except that the major banks rely on the credit agencies […]
POSTED DECEMBER 02, 2022 6:30 AM |
Stablecoin News for the week ending Wednesday 30th November.
Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins or CBDC, do we need both? This week we heard a lot about the progress of CBDC’s but also people are starting to realise that they will have to compete with their nimble cousins the private company issued stablecoins. But first, […]
POSTED NOVEMBER 30, 2022 10:00 AM |
Alt Lending Week Ending 25th November 2022
The downside to a crypto collapse – The Spectator 19th November 2022 Right of Centre publication The Spectator magazine makes an interesting point in the aftermath of the collapse of FTX. The author is a traditional and well-respected Banker who has no truck whatsoever with Crypto currencies however the point he makes is quite valid. […]
POSTED NOVEMBER 25, 2022 6:30 AM |
Stablecoin News for the week ending Wednesday 23rd November.
Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins are the Canary in the Crypto coal mine! This week we continue to see the shakeout from the FTX implosion and stablecoins point to it continuing for some time yet. Binance, Crypto.com and OKX suspended deposits in Circle’s (USDC) and Tether’s […]
POSTED NOVEMBER 23, 2022 10:00 AM |
Daily Fintech Alt Lending Week Ending 18th November 2022
Is this finally the end of the crypto saga? I can’t say that you read it here first, but I have been consistent within this column in refusing to believe in the crypto currency story. FTX might not actually be the archetypal financial con but a con it most certainly was whether by accident or […]
POSTED NOVEMBER 18, 2022 6:30 AM |
Stablecoin News for the week ending Wednesday 16th November.
Here is our pick of the 3 most important stablecoin stories during the week. As FTX blows up stablecoins hang in there. This week while FTX burned down to the ground, thankfully stablecoins managed to stay for the most part stable. With volumes of trades at unprecedented levels as customers rushed to the exists, USDT transactional […]
POSTED NOVEMBER 16, 2022 10:00 AM |
Local News – WTOP News
Members of NSYNC, O-Town, 98 Degrees join Cherry Blossom Festival concert
Chris Kirkpatrick will be joining his NSYNC group to celebrate the cherry blossoms Saturday at the Westfield Montgomery in Bethesda, Maryland.
POSTED MARCH 29, 2023 10:16 AM |
‘Significant concerns’: Fairfax Co. school leaders blast proposed history standards as excessive and inaccurate
Fairfax County, Virginia, school officials are pushing back on the state's highly-scrutinized proposed history and social science standards of learning, calling some of them misplaced at certain grade levels, inaccurate and, in some cases, missing critical information.
POSTED MARCH 29, 2023 9:38 AM |
DC Attorney General Brian Schwalb weighs in on carjackings, criminal code and Commanders
Three months into his tenure, D.C. Attorney General Brian Schwalb went on WTOP's "DMV Download" podcast to discuss where he stands on the issues facing the District and what he hopes to accomplish as attorney general.
POSTED MARCH 29, 2023 9:34 AM |
Fairfax Co. parents turn out at community meeting to learn about the threat of fentanyl
Concerned that the deadly drug fentanyl is in schools and neighborhoods, parents gathered at Lake Braddock Secondary School in Burke, Virginia, Tuesday night to learn what they can do to protect their kids.
POSTED MARCH 29, 2023 7:58 AM |
Youngkin signs hundreds of bills, vetoes 3 from Democrats
RICHMOND, Va. (AP) — Virginia Gov. Glenn Youngkin signed 738 bills into law, proposed amendments to another 78 and vetoed…
POSTED MARCH 29, 2023 4:09 AM |
Md. first lady has lived with MS for 20 years — what is it?
Maryland first lady Dawn Moore recently revealed something very personal to the world. For more than 20 years, she has lived with multiple sclerosis or MS.
POSTED MARCH 29, 2023 2:55 AM |
Maryland fends off plan to have wastewater from Ohio train derailment treated at Baltimore facility
The plan was to have 675,000 gallons of contaminated wastewater rolling from East Palestine, Ohio, to Maryland by Thursday.
POSTED MARCH 29, 2023 1:38 AM |
Court backs victim’s family in Adnan Syed’s ‘Serial’ case
A Maryland court did not give the family of the murder victim in the case chronicled in the hit podcast “Serial” enough time to attend a court hearing in person that led to Adnan Syed's release, a Maryland appellate court ruled Tuesday, and it ordered a new hearing to be held.
POSTED MARCH 29, 2023 1:09 AM |
Prince George’s County imposes new limits on where storage facilities can go
The Prince George's County Council unanimously passed a bill that limits where self-storage facilities are allowed to go.
POSTED MARCH 29, 2023 12:56 AM |
Man accused of stabbing Senate staffer after prison release
A U.S. Senate staffer remained hospitalized Tuesday after police say he was attacked leaving a restaurant in Washington this weekend by a man who had been released from federal prison a day earlier.
POSTED MARCH 28, 2023 10:04 PM |
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Louisiana’s Insurance Woes Worsen as Florida Works to Fix Its Problems
As Florida strives to address the issues that led to its current property/casualty insurance crisis, another hurricane-prone coastal state, Louisiana, is navigating its own insurance troubles. The Louisiana property insurance market has been deteriorating since the state was hit by a record level of hurricane activity during the 2020/2021 seasons, Triple-I says in a new … Continue reading Louisiana’s Insurance Woes Worsen as Florida Works to Fix Its Problems →
POSTED MARCH 28, 2023 5:30 PM |
New U.S. Cyber Strategy Heralds Major Shift for Addressing Attacks
By Max Dorfman, Research Writer A maturing Internet of Things (IoT) calls for measures to increase cybersecurity at the national, international, and private sector levels, according to a recent report by the White House. The new National Cybersecurity Strategy comes as cyberattacks continue to wreak havoc across the world, causing billions of dollars in damages. … Continue reading New U.S. Cyber Strategy Heralds Major Shift for Addressing Attacks →
POSTED MARCH 28, 2023 2:58 PM |
Federal study of third-party litigation funding reveals maturing and growing markets, lack of transparency, and scarce regulation.
At the end of 2022, the U.S. Government Accountability Office (GAO) released a report, Third-Party Litigation Financing: Market Characteristics, Data and Trends. Defining third-party litigation financing or funding (TPLF) as “an arrangement in which a funder who is not a party to the lawsuit agrees to help fund it,” the investigative arm of Congress looked … Continue reading Federal study of third-party litigation funding reveals maturing and growing markets, lack of transparency, and scarce regulation. →
POSTED MARCH 23, 2023 1:58 PM |
IRC Outlines Florida’sAuto Insurance Affordability Problems
Florida is one of the least affordable states for personal auto insurance, according to a new study by the Insurance Research Council (IRC). Claims trends are pushing premium rates up nationwide, and Florida is being hit particularly hard. In 2020, the average expenditure for auto insurance was $1,342 in Florida, more than 30 percent higher … Continue reading IRC Outlines Florida’sAuto Insurance Affordability Problems →
POSTED MARCH 22, 2023 6:07 PM |
Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation
By Max Dorfman, Research Writer, Triple-I Today’s inflationary conditions may increase interest for group captives – insurance companies owned by the organizations they insure – according to a new Triple-I Executive Brief. Group captives recruit safety-conscious companies with better-than-average loss experience, with each member’s premium based on its own most recent five-year loss history. Additionally, … Continue reading Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation →
POSTED MARCH 21, 2023 1:40 PM |
Pay Equity In The Insurance Industry: It Makes Good Business Cents
By Loretta L. Worters, Vice President, Media Relations, Triple-I The gender pay gap is a sensitive topic we need to spotlight. We’ve seen it in every industry, from entertainment – when Patricia Arquette called for wage equality in her 2015 Oscars acceptance speech – to Wall Street, when CNBC reported in 2019 that Citibank admitted that its … Continue reading Pay Equity In The Insurance Industry: It Makes Good Business Cents →
POSTED MARCH 14, 2023 6:09 PM |
Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued
Max Dorfman, Research Writer, Triple-I As more new vehicles become equipped with crash-avoidance features, some owners report significant issues with the technologies after repairs, according to a recent report from the Insurance Institute of Highway Safety (IIHS). In the survey, approximately half of those who reported an issue with equipped front crash prevention, blind-spot detection, … Continue reading Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued →
POSTED MARCH 08, 2023 4:39 PM |
Latest Research on Social Inflation in Commercial Auto Liability Reveals a $30bn Increase in Claims
Social inflation contributed to a $30 billion increase in commercial auto liability claims between 2012 and 2021, according to updated research published by the Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). Most of the increase for the total review period is attributable to the newly added years 2020 and 2021 … Continue reading Latest Research on Social Inflation in Commercial Auto Liability Reveals a $30bn Increase in Claims →
POSTED MARCH 06, 2023 8:29 PM |
Louisiana Insurance Regulator IssuesCease & Desist Orderto Texas Law Firm
Louisiana Insurance Commissioner Jim Donelon last week issued a cease-and-desist order against a Houston-based law firm, accusing it of fraud involving potentially hundreds of hurricane-related claims in his state. “The size and scope of McClenny, Moseley & Associates’ illegal insurance scheme is like nothing I’ve seen before,” Donelon said in a press release. “It’s rare … Continue reading Louisiana Insurance Regulator IssuesCease & Desist Orderto Texas Law Firm →
POSTED FEBRUARY 21, 2023 3:49 PM |
Florida Insurance Crisis Reforms Gain Momentum With Latest Proposal
Florida Gov. Ron DeSantis’s proposed insurance fraud and legal system abuse reforms, announced this week for consideration during the legislative session that begins in March, would build on measures approved in the closing weeks of 2022 and go a long way toward fixing the state’s insurance crisis. Legislation passed during the 2022 special session eliminated … Continue reading Florida Insurance Crisis Reforms Gain Momentum With Latest Proposal →
POSTED FEBRUARY 16, 2023 3:14 PM |
PR Newswire:
Herd & Grace Announces the Launch of Gundagai Lamb as Part of Curated Cuts Collection
Brand's new premium cut is the highest quality and best tasting lamb LOS ANGELES, March 29, 2023 /PRNewswire/ -- Herd & Grace – the new premium delivery service for high-quality steaks sourced from pastures located in Australia and Tasmania – has launched Gundagai Free Range Lamb as part...
POSTED MARCH 29, 2023 11:01 AM |
SamaCare Partners with AmerisourceBergen to Offer Prior Authorization Platform to Specialty Practices
SAN FRANCISCO, March 29, 2023 /PRNewswire/ -- SamaCare, a prior authorization platform for physician-administered medications, today announced a partnership with AmerisourceBergen Specialty GPOs to offer specialty physician practices across oncology, retina, rheumatology, and neurology...
POSTED MARCH 29, 2023 11:01 AM |
23andMe Publishes Inaugural Environmental, Social and Governance Report
ESG report outlines strategic framework and current initiatives for ensuring ethical management, promoting a diverse and equitable culture, and implementing sustainable operations SOUTH SAN FRANCISCO, Calif., March 29, 2023 /PRNewswire/ -- 23andMe Holding Co. (Nasdaq: ME) ("23andMe"), a...
POSTED MARCH 29, 2023 11:01 AM |
At Critical Financial Juncture, Trullion Announces Survey Results Identifying Top Concerns Among Finance Leaders
Nationwide Survey Highlights Major Accounting Pain Points Including Handling the Talent Gap, Making Time for Strategy, and Life After the Recession NEW YORK, March 29, 2023 /PRNewswire/ -- Trullion, the leading accounting automation platform, today released the results of exclusive...
POSTED MARCH 29, 2023 11:00 AM |
MIND Technology Obtains MA-X™ Technology Patent
THE WOODLANDS, Texas, March 29, 2023 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (NASDAQ: MIND) announced that the United States Patent and Trademark Office ("USPTO") has granted a patent for their MA-X™ technology. MA-X was engineered and designed by MIND's Klein...
POSTED MARCH 29, 2023 11:00 AM |
Lubrizol Reveals Insights-Driven, Consumer-Led Nutra 2.0 Strategy
Connecting the dots: helping supplement makers be in sync with the consumer's mind BARCELONA, Spain, March 29, 2023 /PRNewswire/ -- Lubrizol Life Science Health (LLS Health), unveils a new, consumer-led approach for its added-value nutraceuticals at Vitafoods Europe, May 9-11, 2023 in...
POSTED MARCH 29, 2023 11:00 AM |
Germany-based 450connect Selects Sitetracker to Enable its Radio-based Communications Solution for Operators of Critical Infrastructures
MONTCLAIR, N.J., Feb. 29, 2023 /PRNewswire/ -- Sitetracker, the leading deployment operations management software for critical infrastructure providers, announced today that 450connect, a Germany-based 450 MHz wireless network operator, has selected Sitetracker's software to help it...
POSTED MARCH 29, 2023 11:00 AM |
Collplant Biotechnologies Announces Full-Year Financial Results For 2022 and Provides Corporate Update
Continued advancement of strategic collaboration with AbbVie to develop dermal and soft tissue filler products using CollPlant's recombinant human (rh)Collagen Additional large-animal study planned in H2 2023 to further 3D bioprinted regenerative breast implant program Conference call to...
POSTED MARCH 29, 2023 11:00 AM |
Target Announces The Spring Designer Collection Featuring Vibrant, Affordable Warm-Weather Styles From Designer Brands Agua Bendita, Fe Noel and RHODE
The retailer is collaborating with three female-founded brands on a limited-time collection of over 100 vacation-ready pieces, with most items $35 and under MINNEAPOLIS, March 29, 2023 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced The Spring Designer Collection, featuring...
POSTED MARCH 29, 2023 11:00 AM |
Time and engagement rank among the most persistent training challenges for plumbing and electrical companies
Results of a new survey by Interplay Learning and Hanover Research indicate decision-makers in those industries are looking for effective, scalable solutions to help their companies grow AUSTIN, Texas, March 29, 2023 /PRNewswire/ -- Most electricians and plumbers say they experience...
POSTED MARCH 29, 2023 11:00 AM |
PR Newswire:
Dana Recognized as a 2022 Supplier of the Year by General Motors for the Sixth Consecutive Year
MAUMEE, Ohio, March 29, 2023 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) announced today that once again it has been recognized by General Motors as a 2022 Supplier of the Year. GM celebrated honorees at its 31st annual Supplier of the Year event in San Antonio, Texas, last week. GM's...
POSTED MARCH 29, 2023 11:00 AM |
Sharecare announces fourth quarter and full year 2022 financial results and operational highlights
ATLANTA, March 29, 2023 /PRNewswire/ -- Sharecare (Nasdaq: SHCR), the digital health company that helps people manage all their health in one place, today announced financial results for the quarter and year ended December 31, 2022. "We are pleased with our financial performance in the...
POSTED MARCH 29, 2023 11:00 AM |
HanAll Biopharma Assigns Su-jin Park as Co-CEO to Drive Next Phase of Growth
Su-jin Park joins HanAll Biopharma in a shared leadership role to strengthen pharmaceutical business in Korea, supporting growth in domestic drug sales Sean Jeong, who has been serving as Co-CEO since March 2021, will continue to lead HanAll's R&D, including its subsidiary HanAll...
POSTED MARCH 29, 2023 11:00 AM |
Henry Gosebruch, Former AbbVie EVP and Chief Strategy Officer, Joins ACELYRIN, INC. Board of Directors
Veteran dealmaker and biopharma leader brings more than 25 years of global strategic partnering, business development and M&A experience LOS ANGELES, March 29, 2023 /PRNewswire/ -- ACELYRIN, INC., a late-stage clinical biopharma company focused on accelerating the development and delivery...
POSTED MARCH 29, 2023 11:00 AM |
New Rankings of Top American Metropolitans Show that Innovation and Quality of Life are Strong Predictors of Growth
Heartland Forward releases its annual report of America's Most Dynamic Metropolitans BENTONVILLE, Ark., March 29, 2023 /PRNewswire/ -- American metropolitans that embrace innovation, invest in outdoor recreation and attract employers that lift an area's overall quality of life are among...
POSTED MARCH 29, 2023 11:00 AM |
DOLLARAMA REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS
Comparable store sales(1) growth of 15.9% for fourth quarter and 12.0% for Fiscal 2023 Diluted net earnings per common share up 23.0% to $0.91 for fourth quarter; up 26.6% to $2.76 for Fiscal 2023 Fiscal 2023 annual guidance met on all key metrics Quarterly dividend increase of 28% to...
POSTED MARCH 29, 2023 11:00 AM |
The Passport Index points to declining fortunes for Asian superpowers India and China
MONTRÉAL, March 29, 2023 /PRNewswire/ -- The Passport Index has published its latest update today, revealing that both China and India's Mobility Scores have fallen, with India experiencing the largest global drop on the Index this year. The Index also showed drops in the scores of other...
POSTED MARCH 29, 2023 11:00 AM |
Nestlé and Cargill team up with the National Fish and Wildlife Foundation to support sustainable grazing practices across 1.7 million acres in the U.S. over the next five years
As one of the largest private sector regenerative ranching initiatives in the U.S. to date, this partnership will support U.S. ranchers in adopting voluntary agricultural practices that help combat climate change MINNEAPOLIS, March 29, 2023 /PRNewswire/ -- Nestlé, the National Fish and...
POSTED MARCH 29, 2023 11:00 AM |
ROK INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Rockwell Automation, Inc.
NEW YORK, March 29, 2023 /PRNewswire/ -- Levi & Korsinsky notifies investors that it has commenced an investigation of Rockwell Automation, Inc. ("Rockwell" or the "Company") (NYSE: ROK) concerning possible violations of federal securities laws. Before market opened on May 3, 2022,...
POSTED MARCH 29, 2023 11:00 AM |
EpicentRx Receives Fast Track Designation from the U.S. FDA for Lead Asset, RRx-001, to Prevent/Attenuate Chemotherapy and Radiation Treatment Induced Severe Oral Mucositis
FDA also accepts company's Investigational New Drug (IND) application to initiate a follow-on phase 2b clinical trial, called KEVLARx TORREY PINES, Calif., March 29, 2023 /PRNewswire/ -- EpicentRx, Inc. ("EpicentRx"), announced today that the U.S. Food and Drug Administration (FDA)...
POSTED MARCH 29, 2023 11:00 AM |
Finextra Research Headlines
BIS Innovation Hub opens in Paris and Frankfurt
The Bank for International Settlements has opened its European Hub, located in both Paris and Frankfurt, with a focus on decentralised finance, wholesale CBDC, cyber security and green finance.
POSTED MARCH 29, 2023 11:02 AM |
Paytrix secures $18.3 million Series A funding
Paytrix, an embedded payments company for high-growth vertical software platforms, has raised $18.3 million in Series A funding just weeks after securing a Payments Institution licence in the UK.
POSTED MARCH 29, 2023 10:25 AM |
Japanese VCs join €3 million growth round in Sweden's Open Payments
Swedish fintech Open Payments has closed a €3 million growth round led by Industrifonden with support from Japan's Sony Financial Ventures and Global Brain and existing investors.
POSTED MARCH 29, 2023 9:26 AM |
More Wall Street giants back Versana syndicated loan platform
Deutsche Bank, Morgan Stanley, US Bank and Wells Fargo are the latest financial services players to back Versana, joining a $40 million capital raise for the syndicated loan platform.
POSTED MARCH 29, 2023 12:01 AM |
Social impact fintech Spiral raises $28m for B2B pivot
New York-based startup Spiral has raised $28 million to launch its 'Impact-as-a-Service' platform designed to help banks and fintechs embed sustainability and social impact into their businesses.
POSTED MARCH 29, 2023 12:01 AM |
Sustainable investment app Clim8 shuts down
Sustainable investment app Clim8 is closing down after failing to secure funding to keep the business going.
POSTED MARCH 28, 2023 8:02 PM |
Apple Pay Later launches
Apple has finally launched its buy now, pay let service in the US, enabling users to split purchases into four equal payments.
POSTED MARCH 28, 2023 7:16 PM |
UK government abandons Sunak's NFT plan
The UK government has ditched Prime Minister Rishi Sunak's plan to get the Royal Mint to create a non-fungible token.
POSTED MARCH 28, 2023 3:18 PM |
Thunes bags $30 million in ongoing investment round
Cross-border payments company Thunes has raised $30 million in an ongoing investment round.
POSTED MARCH 28, 2023 2:21 PM |
Lloyds seeks out fintechs for 'Launch Innovation' programme
Lloyds Banking Group is opening application for its 'Launch Innovation' programe to discover potential fintech partnerships.
POSTED MARCH 28, 2023 12:25 PM |
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