Toro 18 Holdings LLC sells $602k in Universal Electronics shares
Toro 18 Holdings LLC sells $602k in Universal Electronics shares
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Merit Financial Advisors names John Rajes chief technology officer
At Merit, one of Rajes initial tasks will be to set out a technology roadmap. Credit: Mameraman/ Shutterstock.com. Merit Financial Advisors has appointed John Rajes as chief technology officer (CTO), adding a new senior executive as the firm expands its leadership structure. Rajes will lead the company’s technology strategy across architecture, systems integration, data and…
Dutch Bros Coffee buys dozens of Salad and Go stores that abruptly closed: See a full list of locations in four states
The dust has not yet settled on Salad and Go’s surprise bankruptcy and the abrupt closure of all of its locations, but a fellow Arizona-based restaurant brand is not wasting any time. Dutch Bros Coffee is moving to buy 51 locations from Salad and Go, which collapsed this week after the ongoing Cyclosporiasis outbreak had…
PublicSquare Lands Payments Integration with LendSuite – Digital Transactions
Payments companies continue to court potentially lucrative software integration deals with PSQ Holdings Inc. among the latest to do so. West Palm Beach, Fla.-based PSQ says its PSQ Payments unit will supply credit and debit card and automated clearing house payments, along with instant payment processing via FedNow and RTP networks to LendSuite Software, a…
Visa Tests 24/7 Stablecoin Settlement in Singapore
Visa and Singapore are collaborating on a new test project for stablecoins, gauging whether cross-border payments can be settled every day of the week. More importantly, the pilot is being touted as a step toward greater interoperability between traditional and stablecoin-based systems. The pilot is operating under Singapore’s BLOOM initiative, a Monetary Authority of Singapore…
What Colorado’s amended AI law means for banks
Key insight: Colorado’s new law requires banks that use AI in decision-making to disclose and explain it, and let customers correct any inaccurate data that may have been fed into an AI model. Expert quote: “The concept is fair,” Frank Trotter, CEO of Battle Bank in Avon, Colorado, told American Banker. “If you’ve been denied…
Rapid-fire repo raises hopes of cheaper, faster trading
This article is the second in a three-part series on tokenised US Treasuries Cash is an essential lubricant for the trading activities of hedge funds and prop trading firms. Liquid, fungible, readily accessible: cash is the grease in the gears of leverage. Cash is also inefficient. It hogs space on the balance sheet, earning no…
