While the draft text has largely been kept under wraps, details of the proposed framework have rankled watchdog groups and banking lobbyists.
The registered investment advisory business reported 138 transactions in 2016 setting a record for industry merger and acquisition (M&A) activity; since 2009 the industry has reported a compound annual growth rate of 16% for M&A deals; increased regulatory oversight from the Department of Labor has been one factor; the market data provided by Echelon Partners also provides additional information on the industry landscape for the registered investment adviser market. Source
As of September 2016, WeChat had 768 million active users; the service is owned by Tencent; social cash sent to users through customized red packets or red envelopes has been one factor driving increased usage; WeChat has also been helping fuel a cashless society with 300 million users using WeChat Pay; expanding features and red packet promotional efforts have helped the company report an estimated value of $80 billion which is approximately half of Tencent's market cap. Source
The companies are grouped into 16 categories with total average fundraising from all 100 companies of $14 million; year to date ICO fundraising is at $1.5 billion with the top fundraisings from Filecoin and Tezos; in the US, most are falling within the SEC's definition of securities issuances, with the prevalent testing measure being the Howey Test. Source
Though SPACs have been around for decades, the financial maneuver has gained traction as more private companies eye exit opportunities.
One of the more unique offerings by some fintechs in the US is earned wage access; the feature aims to...
For investors who want to make an impact on the climate crisis, Ziggma provides data on companies' financial performance and their footprint.
Union Credit's platform provides credit unions with new, credit-worthy members by aggregating consumer data and matching it with various credit union fields.
The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
Even though digital asset markets have been shaky, the blockchain sector continues to scale as demand increases from both crypto-native and traditional institutions looking to use the technology. Layer-1 blockchain Injective has raised $40 million in a round led Jump Crypto, Eric Chen, CEO and...