Achieving a significant milestone, Facet, a US-based investment advisory firm, has successfully raised $35 million in a recent funding round led by Multiplier Capital. Founded in 2016, Facet leverages a tech-driven platform to provide tailored financial advice, especially targeting individuals often overlooked by traditional financial institutions. This latest funding boost brings the company’s total raised capital to a notable $210
Farther, a technology-centric financial advisory firm, has successfully closed an impressive $72 million Series C funding round, which it plans to use for expanding its advisor network and enhancing its cutting-edge wealth management platform. The funding, co-led by CapitalG—Alphabet’s independent growth fund—and Viewpoint Ventures, has propelled Farther to a post-money valuation of $542 million. This substantial financial injection is announced
The Cybersecurity and Infrastructure Security Agency (CISA) has issued a critical cybersecurity alert regarding a significant remote code execution (RCE) vulnerability in Fortinet products, designated as CVE-2024-23113. This vulnerability is currently being exploited actively, posing severe risks to organizations utilizing FortiOS, FortiPAM, FortiProxy, and FortiWeb, and necessitates immediate action to mitigate potential damage. Vulnerability Details CVE-2024-23113 is identified as a
Mozilla’s Firefox and Firefox Extended Support Release (ESR) web browsers are facing great urgency as a critical security vulnerability has been discovered and is actively being exploited. This flaw, identified as CVE-2024-9680, has been assigned a CVSS score of 9.8, highlighting its severe potential impact. The exploit is a use-after-free bug in the Animation timeline component, which allows attackers to
Investing can be a tumultuous journey, riddled with the highs and lows of market fluctuations. Traditional financial advisories often ease this ride by balancing risk and return, but they rarely dive into the psychological facets of investing. A groundbreaking study published in the Journal of Banking & Finance addresses this gap by emphasizing loss aversion, providing a new lens through
Artificial Intelligence (AI) is transforming the wealth and asset management sector, bringing in a new era of efficiency, personalization, and innovation. Companies like WealthArc are leading the charge, leveraging AI to harness vast amounts of data and deliver unparalleled benefits. This article explores the various ways AI is reshaping the landscape, focusing on data utilization, client engagement, operational efficiency, asset
As the United States approaches its next electoral cycle, concerns about foreign interference are again at the forefront. The Office of the Director of National Intelligence (ODNI) has issued an alarming update on the increasing efforts of countries like Russia, China, and Iran to influence the outcome of both the presidential and congressional races. Their strategies are becoming more sophisticated,
In a bold move to address inefficiencies and elevate collaboration within private markets, BlackRock has unveiled the eFront Provider, a cutting-edge solution designed for asset servicers. The primary goal of this innovative platform is to provide asset managers and servicers with real-time access to a unified view of their private markets data, including investor, fund, and investment information. By integrating
EigenLayer is shifting gears to focus on consumer adoption following the release of its native token, EIGEN, on October 1, 2024. Known as the largest restaking protocol within the Ethereum ecosystem, EigenLayer now seeks to expand its capabilities by integrating consumer Web3 applications. Initially, the protocol will concentrate on decentralized finance (DeFi) and gaming but plans to target broader consumer
Recently, in the realm of cybersecurity, North Korean hackers have been executing a sophisticated scheme termed “Contagious Interview.” This operation uses clever social engineering tactics to compromise the devices of tech professionals. The hackers disguise themselves as potential employers, staging fake job interviews to attract job seekers, especially targeting software developers. During these fraudulent interviews, the unsuspecting candidates are coaxed
Blockchain technology is emerging as a formidable force in the realm of digital security and transparency. Far beyond its initial application in cryptocurrencies, blockchain is poised to transform various industries by providing secure, immutable, and transparent transaction records. This technology offers a decentralized approach to data management, promising to revolutionize how trust and authenticity are established in the digital age.
Moneybox, the popular savings and investing platform, has announced an extended partnership with GoCardless, a leader in bank payment solutions. Since its inception in 2016, Moneybox has relied on GoCardless as its preferred method for processing payments. Over the years, this collaboration has seen more than 92% of Moneybox’s payment transaction volumes processed through GoCardless. With this renewed partnership, Moneybox
