Exploring Blockchain Use Cases for Enhanced Financial Services
United Payment, a leading Turkish fintech company, announces a major milestone; reaching 1 million active customers for its money transfer services and doubling its total transfer volume. In 14 years of significant experience with payment systems, United Payment has acquired experience, knowledge, and network. In the main area of money transfer, United Payment has become a stable, prestigious, and valuable company in the hot market, with the largest market share. United Payment collaborated with Wise, TransferGo, Dlocal,...
Ewyy, a cryptocurrency exchange established in December 2017 and part of the ViaBTC Group, has become a notable platform in the crypto market. The exchange is known for its accessible design, diverse asset range, and robust security protocols, making it suitable for both new and experienced traders. Ewyy’s platform is designed with simplicity in mind, providing a straightforward experience for users of all levels. The main dashboard offers clear information on market trends, portfolio balances,...
Abacus Life, Inc., a pioneering alternative asset manager specializing in longevity and actuarial technology, announced a new national distribution relationship with AIMCOR, one of the largest national insurance marketing organizations in the United States. Through their network of 40+ brokerage general agencies, AIMCOR specializes in offering protection and retirement solutions to thousands of financial professionals, institutional clients, and other aligned distribution partners across the country. As part of this new relationship, Abacus will offer their...
The Brink’s Company announced its intent to offer $400 million aggregate principal amount of 5-year senior unsecured notes, subject to market and other conditions. The notes will be general unsecured obligations guaranteed by the Company’s existing and future U.S. subsidiaries that are guarantors under the Company’s credit facility. The Company expects to use the net proceeds from the offering of the notes and cash on hand to redeem or repurchase the $400 million aggregate principal...
WOO X, a global centralized crypto futures and spot trading platform, is looking at the growth of the Asia Pacific (APAC) region as it joins GM Vietnam, a gathering of more than 10,000 Web3 builders, investors, traders, and communities in the region. Specifically, WOO X will participate in Broiler Room: The Future of Technology, a blockchain techno party in Hanoi city, hosted by Herond Labs and Gotbit Hedge Fund. Attendees of GM Vietnam including builders in blockchain,...
The INVL Partner Global Real Estate Fund I launched in January this year by INVL Asset Management, the leading Baltic alternative asset manager, raised an additional USD 3.075 million. This time investments in the open-ended fund for informed investors were made by a total of 13 investors. The INVL Asset Management fund invests in real estate funds in the US and Western Europe managed by Brookfield Asset Management, one of the world’s largest real estate...
MidWestOne Financial Group, Inc., parent company of MidWestOne Bank, a pre-eminent relationship-driven community bank, is pleased to announce the hiring of three new executive leaders: Paul Ho-Sing-Loy, Executive Vice President and Chief Information Officer; Steve Heimermann, Executive Vice President and Head of Wealth Management; and Elda Macias, Senior Vice President and Chief Marketing Officer. MidWestOne Financial Group has introduced a new strategic plan emphasizing expertise, customer experience and deep relationships, and these hires will propel progress...
National Bankshares, Inc., the holding company for The National Bank of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024. Following the transaction, valued at approximately $16.07 million, National Bankshares now operates 27 full-service offices along with two loan production offices, and has approximately $1.8 billion in total assets. Under the previously announced terms of the merger, each share of Frontier common stock was converted into $14.48 in cash...
First Guaranty Bancshares, Inc. announced Michael Mineer has been appointed as First Guaranty Bancshares, Inc. and First Guaranty Bank’s President and CEO. He will succeed Alton Lewis, who announced his retirement at the end of May. Mineer has been a part of the First Guaranty family as the Mideast Area President since 2021 and brings over 35 years of banking experience to his new role. Most recently, Mineer served as President and CEO of Citizens...