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Dinari Secures $12.7 Million to Revolutionize Global Investment with Onchain Access to the US Stock Market
Dinari, a FinTech company, has successfully raised $12.7 million in its Series A funding round, bringing its total funding to $22.65 million. Led by Hack VC and Blockchange Ventures, this funding will bolster Dinari’s mission to provide global access to US equities via blockchain technology. The company offers tokenized US equities and ETFs, known as dShares™, accessible through a single API and operational in over 60 countries. Dinari aims to eliminate barriers like complex onboarding and high transaction costs, with plans to expand its tokenized assets and strengthen institutional partnerships. Wyatt Lonergan emphasizes Dinari’s role in the future of global finance.
TransFICC Secures $25M to Revolutionize Fixed Income Market Connectivity
TransFICC, a leader in low-latency connectivity for Fixed Income and Derivatives markets, has secured a $25 million Series B investment, boosting its total funding to $50 million. Led by Citadel Securities, the round included contributions from BlackFin Tech and other investors like Citi and HSBC. The funds will enhance TransFICC’s product offerings and market presence, including the launch of TransACT, an Automated Customer Trading platform now expanding to Government Bonds and IRS. The company is also advancing its technological infrastructure across North America, Europe, and Asia to improve latency and support for clients in electronic trading.
CFOs Go Green: Investing in Sustainability for Future Profit Growth
The Kearney report, “Staying the Course: Chief Financial Officers and the Green Transition,” reveals a significant shift in CFOs’ investment strategies towards sustainability. Surveying 500 CFOs from the UK, US, UAE, and India, it found that 69% expect higher returns from sustainable initiatives, with 92% planning to boost sustainability investments in 2024. While 61% still view sustainability through a cost lens, 65% recognize the costs of inaction related to climate risks. CFOs are increasingly incorporating sustainability into employee retirement funds and broader investment strategies, highlighting their crucial role in corporate ESG efforts amid rising regulatory demands.
Allianz Partners UK Expands Roadside Assistance Collaboration with Volvo Car UK for Enhanced Driver Support
Allianz Partners UK has been reaffirmed as the exclusive roadside assistance provider for Volvo Car UK for the next three years, enhancing customer support for both new and used vehicles. This partnership, ongoing since 2010, adapts to market changes, including the rise of electric vehicles (EVs), and integrates Volvo’s diagnostic tools. Key features include the Service Activated Roadside Assistance program, which offers an extra year of support when servicing at authorized retailers, and flexible mobility options. Allianz aims to innovate and improve customer service, reflecting a commitment to sustainability and advanced assistance solutions in collaboration with Volvo.
G+D Unveils Convego SecureCode: Revolutionizing Dynamic Card Security to Combat CNP Fraud
Giesecke+Devrient (G+D) has launched Convego SecureCode, a new payment card aimed at combating card-not-present (CNP) fraud, which constitutes about 70% of credit card fraud. With global fraud losses expected to reach nearly $50 billion by 2030, this product is timely for banks and financial institutions. Key features include a dynamic verification code that changes with each transaction, an integrated e-ink screen for displaying the code, and a battery-free design that simplifies operations. Mikko Kähkönen from G+D emphasizes that this innovation enhances security while maintaining user convenience, providing a future-ready solution for digital payments.