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New Unicorn Revolut Will Use Capital For International Expansion

Bank Innovation

billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. -based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7

Capital 244
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Capital One Offers Free Business Credit Reports

PYMNTS

Capital One has announced the launch of Business CreditWise , an online tool that enables U.S. Business CreditWise is available to any business in the United States — not just Capital One customers. businesses to check their credit profiles.

Capital 127
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Market Commentary: Week of June 29, 2020

SWBC's LenderHub

The equity and corporate bond markets have banked heavily on the V-shaped recovery and what we are seeing is, the United States is not ready to materially reopen the economy without significant public health damage.

Marketing 148
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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship

Perficient

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. Secondly, as a qualified custodian, which is what the SPBD classification offers, subjects Promethium to provisions of the landmark United States Exchange Act of 1934.

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2022 Dodd-Frank Stress Test Scenarios Released

Perficient

The Office of the Comptroller of the Currency (OCC) recently released the economic and financial market scenarios that will be used in the upcoming stress tests for covered institutions. Equity market volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), declines in 2022 by about 6.5 Baseline Scenario.

Capital 294
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Coronavirus: Economist Says Housing Market ‘Shutdown’ Likely; Zillow Suspends Home Buying With Zillow Offers

PYMNTS

One market expert says that the COVID-19 outbreak will probably bring the housing market to a stop. Many individuals in the United States are also worried about what the economy will signify for their jobs or finances. Kapfidze recommends that in the interim that the government extend lenders lines of credit.

Marketing 151
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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis.

Capital 298