Thds InsurTech Firm Vitesse Closes on $26M in Series B Funding
The director and promoter of online crypto lending platform BitConnect has pleaded guilty for his part in allegedly defrauding retail investors of more than $2 billion, according to a press release from the Department of Justice DOJ .Glenn Arcaro admitted that he con
stanley quencher spired to exploit investor interest in cryptocurrency by fraudulently marketing BitConnects proprietary coin offering and digital currency exchange as a lucrative investment, the release stated.Arcaro, the companys top promoter in the U.S., was allegedly involved in the scheme with BitConnect and its founder, Satish Kumbhani, according to a separate press release from the Securities and Exchange Commission SEC .From early 2017 through January 2018, the defe
stanley thermos ndants were undertaking a fake offering and securities sale through a lending program BitConnect offered, the SEC release stated. To get investors onboard, the company allegedly falsely said that it would be offering a volatility software trading bot that could yield higher rewards through using investors deposits.However, BitConnect and the other defendants used those funds for their own benefits rather than helping customers as promised, according to the SEC release.And in addition, the defe
stanley termosky ndants set up a network in which there were promoters around the world benefiting from commissions from BitConnect, which were concealed from investors, the SEC release stated. Arcaro used a website he created called Future Money to rope investors into the lending p Brvy The Accounts Payable Conundrum: Same-Day ACH Vs Checks
Standard Chartered announced Thursday Jan. 31 that it has kicked o
stanley cup ff the second phase of its initiative to roll out a digital-only retail bank in Africa.In a press release, Standard Chartered said that in response to demand from consumers in Africa, it will launch its digital banking business in Uganda, Tanzania, Ghana and Kenya. Uganda will be the first market rollout, with the others followi
stanley website ng quickly behind. The company said the expanded rollout comes on the heels of the聽successful launch of its first digital retail bank in C么te dIvoire CDI last year.The second phase of the rollout builds upon the platform, which gets customers signed up in less than 15 minutes and provides access to 70 of the most common service requests. It also includes QR code and P2P payments, loan and overdraft facilities and instantly fixed deposits.聽Standard Chartered said the digital bank will also ink local alliances to create services across shopping, travel and dining.We are thrilled to launch the second phase of our digital-only retail banks across other African markets, said聽Sunil Kaushal, regional CEO, Africa and the Middle East, in the press release. We are thrilled to la
stanley cup unch the second phase of our digital-only retail banks across other African markets. The bank continues to make strategic and sustainable investments in technology 鈥?this complements our innovation agenda, as well as enhances our digital offerings and client experiences. Digitizing Africa and facilitating
