Launched for pilot earlier this year, VantageScore 4plus incorporates the latest innovations in consumer-permissioned bank data, creating a more inclusive and predictive credit scoring model. This new credit score can help nonprofit lenders better serve their clients by adding new information that can more accurately determine their credit risk by incorporating the customer’s bank account data […]
Fermah Closes $5.2M Seed Round to Abstract Away the Complexity of ZK Proof Generation
NEW YORK, Sept. 17, 2024 /PRNewswire/ — Fermah, the universal proof generation layer, has announced the successful closure of its $5.2 million seed round, co-led by the a16z CSX fund and Lemniscap. The round also included participation from Bankless Ventures, Longhash Ventures, P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, and […]
Magic Compass Group Launches New Brand and Prop Trading Business
HONG KONG, Sept. 13, 2024 /PRNewswire/ — Recently, the Magic Compass Group (hereinafter referred to as Magic Compass) announced that it has completed the comprehensive incubation of its prop trading business and officially launched a new platform—The Trader Funds (TTF), which is supported by proprietary capital. The launch of the TTF prop trading brand marks […]
Bloomberg Tax Predicts More Moderate Inflation Rates for 2025
ARLINGTON, Va., Sept. 11, 2024 /PRNewswire/ — Bloomberg Tax & Accounting released its 2025 Projected U.S. Tax Rates, which indicate inflation-adjusted amounts in the tax code will increase 2.8% from 2024. This is about half the increase in 2024, and a significant drop from the 7.1% increase in 2023. The full report is available at: […]
Affinity Plus Federal Credit Union Selects Lumin Digital as New Digital Banking Provider
SAN RAMON, Calif., Sept. 12, 2024 /PRNewswire/ — Affinity Plus Federal Credit Union, a St. Paul, Minn.-based credit union, and Lumin Digital, a leading cloud-native digital banking provider, have entered a multi-year strategic collaboration to enhance and streamline online and mobile banking features for credit union members. Affinity Plus is adapting to its members’ changing […]
J.P. Morgan Asset Management Launches Groundbreaking Guide to ETFs
Despite the popularity of ETFs, there is still demand for information on the structure of the vehicle and market dynamics, and the Guide to ETFs helps meet that need with in-depth analysis, performance metrics and investing trends. Led by Chief ETF Strategist Jon Maier and his team, the Guide will help educate advisers and their clients […]
Asset Reality and Taxbit Partner to Enhance Digital Asset Seizure and Management
New partnership brings industry-leading expertise and comprehensive asset management solutions to streamline the manual process of asset seizures. NEW YORK, Sept. 11, 2024 /PRNewswire/ — Asset Reality, the global authority on asset seizure, management, and disposal, and Taxbit, the leader in financial digital asset compliance solutions for enterprises and the public sector, are pleased to […]
GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
North American suppliers report strong rise in excess capacity and the softest demand in eight months, with flagging factory conditions in the U.S. Asian suppliers, who experienced growth in the first half of 2024, report spare capacity as Chinese procurement declines Europe’s manufacturing recession deepened in August, with Germany and France driving the continent’s downturn […]