At least ten risk analysis studies and financial analysts follow the stock of Silvergate Corp. (SI), which is traded on the public market. Silvergate and other regional banks are analyzed by analysts for any fraud or risky parameters, who then provide a stock or bond rating for the company.
Fintechs can now benefit from Monnai’s consumer insights platform thanks to the company’s $6.5 million Series A funding round. Tiger Global has led an investment round where current investors like Better Future Ventures, Emphasis Ventures, and 500 Global have also participated (EMVC). The funds will improve the company’s decision-making capacity using
As per the IPO news, concerns about the banking sector’s liquidity and its potential impact on smaller firms that rely on bank loans and capital have been triggered by the recent reports of Silvergate Capital’s closure of its banking operations for the crypto industry. After Silicon Valley Bank’s parent company, SVB Financial Group, reported a […]
The $33 billion-valued British fintech startup, Revolut, has been waiting since 2021 for the United Kingdom to approve its application for a banking licence. Many factors, such as high employee turnover, difficulties in filing financial reports, and worries about the firm’s corporate culture and “toxic environment,” have contributed to the holdup. In
Major trends are expected to influence the financial services sector in the next five to ten years. One of the most noteworthy developments is the rising popularity of cloud-based software. Financial institutions increasingly turn to cloud-based solutions for their data storage, processing, and analysis needs due to their greater scalability and lower costs. Financial data
As per Lithuania bank’s investigation, a subsidiary of Railsr, a banking sector, may be intentionally and significantly violating regulations related to anti-money swindling activities. A statement from the bank claims that there is a cause and that PayRNet broke the law. The Lithuania bank issued Railsr’s payments division, PayRNet, an electronic cash institution
It is more difficult for young FinTech startups to raise capital in today’s economic climate. FinTech Alliance, a digital ecosystem funded by the UK Government, is hosting an investment series in 2023 between April to June. It assists startups in learning about their funding alternatives, connecting with investors, and refining their fundraising techniques.
The latest legal controversy surrounding cryptocurrency may come in the form of a large class action lawsuit from ordinary investors against major U.S. cryptocurrency exchanges. According to a news release assessed by FOX Business, securities attorney Tom Grady, widely recognized as one of the nation’s leading investor fraud attorneys, is getting prepared for future
Even though the IPO- Nasdaq market has begun to thaw, it will take a lot of work for fintech businesses to get widespread investor interest. It has been challenging for fintech to sustain greater valuations due to the cautious mindset of investors, increased cash-burn rates, dismal share, and mounting losses. Industry analysts expect fintech to […]
On Friday, a survey revealed that the fintech business drew 164.1 billion dollars over 6,006 agreements in 2022, down from the peak of 238.9 billion dollars, spanning 7,321 agreements in 2021. As per KPMG’s ‘Pulse of Fintech H2-2022’ study, the payments industry remained the most robust fintech sector worldwide, drawing 53.1 billion dollars. Investment in