Komainu, a regulated digital asset custodian and service provider, recently announced a notable achievement by securing a $75 million strategic investment led by Blockstream Capital Partners. This investment, which awaits regulatory approval, is set to significantly boost Komainu’s global operations while incorporating advanced technologies to better serve its institutional client base. Founded with the intent of bridging the gap between
The recent uncovering of a critical security flaw in Apple’s macOS by Microsoft has set alarm bells ringing across the tech world. Identified as CVE-2024-44243, this vulnerability permitted attackers operating under root permissions to bypass Apple’s System Integrity Protection (SIP), an essential security measure designed to maintain the integrity of the macOS operating system. This flaw allowed the installation of
Investment clubs, groups wherein individuals collectively invest in financial markets, have gained traction as popular avenues for group wealth building. These clubs function by pooling resources, sharing ideas, and determining collective investment strategies. The objective is simple: leverage the diverse knowledge and combined resources of the group to achieve superior returns compared to individual efforts. These clubs can consist of
In a recent discovery, Arctic Wolf researchers have identified a cyberattack campaign targeting Fortinet FortiGate firewall devices. This campaign, active since mid-November, is believed to exploit a zero-day vulnerability. The attackers have focused on firewall models with firmware versions ranging from 7.0.14 to 7.0.16, using exposed management interfaces to gain unauthorized access and perform various malicious actions. The discovery sheds
In a disconcerting development, North Carolina public schools were significantly affected by a data breach involving PowerSchool’s student information system, which has been in use since 2013. The breach has exposed confidential personal information, including social security numbers, medical records, and addresses of students and staff members nationwide. As a result, various districts in North Carolina, such as Pitt and
As the investment landscape becomes increasingly intricate, investors are continually seeking ways to optimize their strategies and gain an edge in the market. eToro’s introduction of advanced portfolio tools promises to revolutionize the way investors plan, diversify, and manage their assets. These tools provide comprehensive insights that help investors make informed decisions, thereby ensuring a more strategic approach to portfolio
The wealth management industry is undergoing significant changes driven by both technological advancements and evolving client expectations. As we move closer to 2025, wealth managers find themselves adapting to a landscape where digital innovation and personalized service are not just desired but essential. The increasing reliance on technologies such as artificial intelligence, coupled with a growing demand for tailored financial
Endowus, a prominent digital wealth advisory platform in Asia, has recently secured an additional $17.5 million in funding, bringing the total for its latest round to $52.5 million and the platform’s total funding to over $110 million. This significant investment was led by existing investors, including Prosus Ventures, UBS, and MUFG, and accompanied by new support from OSK Ventures, JLIN
Revolut is planning to expand its services into the private banking sector, targeting high net worth individuals. This move aims to complement its current retail financial services, which already cater to young global professionals and business owners. The financial startup has posted job listings for roles such as private banking compliance manager, legal counsel, and head of relationship management, indicating
Clearwater Analytics’ acquisition of Enfusion for a staggering $1.5 billion is poised to significantly reshape the landscape of investment management, suggesting a trend towards more integrated and streamlined solutions. The duo’s amalgamation merges Enfusion’s robust front-office capabilities with Clearwater’s advanced middle and back-office technology, targeting the creation of a comprehensive, cloud-native platform. This deal, entailing $11.25 per share in a
The cybersecurity landscape is in a constant state of flux, driven by the relentless advancement of cyber threats and the need for more sophisticated security measures. In 2024, several once-crucial cybersecurity tools became obsolete, giving way to next-generation solutions that offer more robust and adaptive protection. This article pays homage to these legacy tools and explores the emerging technologies that
The wealth management industry is undergoing a significant transformation, driven by the integration of Artificial Intelligence (AI). As client expectations evolve towards more personalized and real-time interactions, wealth management firms are increasingly utilizing AI-powered insights to enhance their services. The transformative power of AI lies in its ability to process vast amounts of data and generate actionable insights, aligning closely
