Fintech M&M Bank to acquire Bank OZK’s Mobile AL office

Merchants & Marine Bank (“M&M Bank”) a wholly owned subsidiary of Merchants & Marine Bancorp, Inc. (OTC QX: “MNMB”) today announced that M&M Bank and Bank OZK (NASDAQ: OZK) have entered into a definitive agreement for M&M Bank to acquire Bank OZK’s Mobile, Alabama office located at 6161 Airport Boulevard, Mobile, AL. As a part of the transaction, M&M Bank will assume all of the deposits of the Mobile office and acquire certain loans and...

Moody’s Analytics Wins Seven Risk Technology Awards

Moody’s Analytics has won seven categories in this year’s Risk Technology Awards. Five are repeat wins. 3 years in a row: Credit Data Provider of the Year Wholesale Credit Modelling Software of the Year 2 years in a row: Enterprise-Wide Stress Testing Product of the Year IFRS 9 – ECL Modelling Solution of the Year IFRS 9 – Enterprise Solution of the Year First-time wins: Credit Stress-Testing Product of the Year Life and Pensions ALM...

Sparrow raises USD 3.5 mil in Series A funding

Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC.Fintech News Kenneth Yeo, CEO of Sparrow said, “We are really pleased that the round received strong support despite the harsh economic climate caused by COVID-19. The strong interest from investors validates our view that digital asset options will be...

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