Company - FinTecBuzz

Tower Hill Preferred and Tower Hill Signature Insurance Companies

May 30, 20223 min

With the launch of Tower Hill Insurance Exchange (Exchange) in January 2022 and the subsequent transfer of renewals this spring, Tower Hill Preferred and Tower Hill Signature Insurance Companies ceased accepting new business mid-February. As of May 16th, our renewals for these two carriers are rolling into Exchange. With the cessation of business flowing into Tower Hill Preferred and Tower Hill Signature, the next step in our strategic plan is to voluntarily withdraw the Financial Stability Ratings® of A, Exceptional,...

by BusinessWire

Banking

Cathay Bank Celebrates Its 60th Anniversary

May 30, 20224 min

This year marks Cathay Bank’s 60th Anniversary. Founded in 1962 in Los Angeles Chinatown, the bank’s initial focus was to serve the growing and underserved Chinese American community in Los Angeles. Cathay Bank became a publicly traded company, through its holding company Cathay General Bancorp, on Nasdaq in 1990, and by 1999, the bank had expanded its footprint to the East Coast. Today, Cathay Bank remains headquartered in Los Angeles and operates over 60 branches...

by PRNewswire

Crypto Currencies

BIT Mining Limited Announces Unaudited Financial Results

May 30, 202230 min

BIT Mining Limited (NYSE: BTCM) (“BIT Mining,” “the Company,” “we,” “us,” or “our company”), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the first quarter ended March 31, 2022. Cryptocurrency Business Progress BIT Mining is a leading technology-driven cryptocurrency mining company with three primary business segments covering self-mining, mining pool and data center operation. The Company is pursuing its development strategy to focus on cryptocurrency mining operations globally. As of today, the...

by PRNewswire

Insurance

MeasureOne Continues to Scale Consumer-Permissioned Data Platform

May 26, 20224 min

The company brings consumer-permissioned data to the $1.2T insurance market, enabling instant access, sharing, and verification of auto and homeowners insurance

by PRNewswire

Crypto Currencies

RadioShack.org, Nears $40 Mil. in Trading Volume

May 26, 20225 min

Decentralized, startup-friendly swap at RadioShack.org accommodates thousands of trades within two months of initial launch; Retail Ecommerce Ventures (REV) also announces crypto-forward redesign of RadioShack's consumer-facing ecommerce channel.

by BusinessWire

Banking

CIBC Innovation Banking announces growth capital financing

May 25, 20223 min

CIBC Innovation Banking is pleased to announce growth capital financing for DealMaker, a leading capital raising technology platform. The financing will enable the company to accelerate its growth across North America. Founded in 2018, by experienced Bay Street lawyers, Rebecca Kacaba and Matt Goldstein, DealMaker’s ambition is to modernize the shareholder issuance space, with recent successes including the Green Bay Packers issuance. “DealMaker is providing customers with a comprehensive and modern capital raising experience while maintaining...

by PRNewswire

Crypto Currencies

Global Cryptocurrency Market Expected to Reach $32 Tn By 2027

May 25, 202223 min

The global crypto mining industry has been steadily rising over the past few years and is projected by most experts to continue its rapid growth over the next several years. A report from ResearchAndMarkets reported that The global cryptocurrency market reached a value of US$ 1,782 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 32,420 Billion by 2027, exhibiting a CAGR of 58.4% during 2022-2027. The report said: “Cryptocurrency refers to digital or virtual money secured...

by PRNewswire

Banking

Cambridge Bancorp and Northmark Bank Sign Definitive Agreement

May 24, 202210 min

Cambridge Bancorp to expand in attractive markets

by PRNewswire

Crypto Currencies

Profitus Fund has invested 5 million dollars in Digitra.com

May 20, 20225 min

The new exchange will compete with the big global competitors and bring the innovative universe of cryptocurrencies to the traditional financial market.

by PRNewswire

Insurance

NEXT Insurance Named to CNBC Disruptor 50 List

May 18, 20224 min

Company lands No. 37 spot on annual list for its customized insurance offerings for small businesses NEXT Insurance, a leading digital insurtech company transforming small business insurance, today announced it was named to the 2022 CNBC Disruptor 50 list. The annual list honors the leading private companies whose business models and and innovative solutions are fundamentally changing industries and better serving consumers. NEXT, debuting at number 37, was selected because of its innovation and impact on the...

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