Global Reach Group

Wells Fargo | February 28, 2020

Wells Fargo agreed to pay $35m to settle regulatory claims that its financial advisers recommended exchange-traded funds that were too risky for some clients. The Securities and Exchange Commission’s investigation targeted Wells Fargo’s sale of inverse ETFs, a type of fund that moves in the opposite direction of an index it tracks. Inverse ETFs can be used to hedge other positions or bet on a falling market, but the products are complex enough that regulators have warned for years th...

Business Wire | October 08, 2020

AccessFintech, the leading fintech company evolving the financial industry operating model through data and workflow collaboration, is pleased to announce the successful completion of its Series B round of $20 million, led by Dawn Capital, Europe’s largest venture capital fund dedicated to B2B software. Existing investors J.P. Morgan, Citi and Goldman Sachs contributed to the round, and Deutsche Bank has participated for the first time. It brings the total capital raised to date to $37 mil...

FINTECH

Mastercard | November 18, 2021

Mastercard today announced it has completed its acquisition of Aiia, a leading European open banking technology provider that offers single and secure API access to banks and fintech companies, and enables users to easily perform account-to-account payments. Aiia further advances Mastercard’s existing distribution channels, technology, data practices and global multi-rail and open banking strategy. As the shift to a digital economy continues to accelerate globa...

FINANCIAL MANAGEMENT

Future FinTech Group Inc. | September 12, 2022

Future FinTech Group Inc., a blockchain application technology developer and a fintech service provider, announced today that on September 1, 2022, Future FinTech (Hong Kong) Limited, a wholly owned subsidiary of the Company, signed a Memorandum of Understanding for Equity Acquisition (the 'MOU') to acquire Alpha International Securities (Hong Kong) Ltd. (Alpha Securities) from Alpha Financial Limited, a firm based in Hong Kong. The purchase price and acquisition terms of the acqui...