BTIG and USA Technologies welcome new executives, Robinhood bags new funding, and other exciting news from the fintech space in this week’s roundup.Â
BTIG Adds Kimberly Boulmetis as Managing Director
Financial services firm, BTIGOpens a new window , announced the addition of Kimberly Boulmetis to the firm’s Specialty Finance Investment Banking unit as managing director. She will report to Dan Blood, managing director and head of specialty finance at BTIG. Boulmetis will expand banking coverage of business development companies (BDCs), asset managers, closed-end funds, and mortgage real estate investment trusts (REITs).
USA Technologies Names R. Wayne as Chief Financial Officer
Cashless payment solutions provider, USA TechnologiesOpens a new window , has appointed R. Wayne Jackson as its new chief financial officer (CFO), who will be based in the company’s Atlanta office. Jackson will oversee the finance organization and lead all aspects of the company’s financial strategy and operations.
Robinhood Adds Another $200M To Its Funding
Financial services company, RobinhoodOpens a new window , announced a $200 million Series G funding at an $11.2 billion valuation from D1 Capital Partners. Robinhood delivers financial services and enables financial systems to democratize access with its easy-to-use platform.
Tech News: Latest Fintech News: Week of August 10, 2020
Valley National Bank Deploys SAP S/4HANA for Digital Transformation
SAPOpens a new window announced that Valley National Bank is deploying SAP S/4HANA Cloud to fuel its digital transformation journey, replacing its previous financial systems. The deployment will deliver the agility needed for the financial industry.
“The disruptions caused by COVID-19 have only heightened the need for agility and digitalization in banking. Valley Bank is on the right path in its digital transformation journey, fueling business decisions with meaningful insights to better serve their customers,†shared Falk Rieker, SAP’s Global Head of Banking Industry Solutions with Toolbox.
Radix Debuts Layer-One Protocol To Decentralized Finance
Radix Opens a new window unveiled the first layer-one protocol for decentralized finance, which comprises four different technologies. The technologies include Cerberus, a high-speed network consensus mechanism; Radix Engine, a purpose-built development environment for building DeFi applications; Component Catalog, a library of DeFi building blocks; and Developer Royalties, a decentralized incentive program.
“Cryptocurrency mining was a revolution in decentralised incentives, creating the crypto industry as it is today. Radix brings this same revolutionary philosophy to DeFi development, creating the conditions for a decentralised ecosystem of market driven developer incentives to make building and launching DeFi dApps fast, easy and secure. When combined with Radix scalability, it is difficult to underestimate the impact this might have on DeFi,†shared Piers Ridyard, CEO Radix DLT with Toolbox.
BMO Enables Customers To Have Total Control Over Financial Data
Financial services provider, BMOOpens a new window , has developed a new secure data portal that will allow customers to share their BMO financial data with Intuit QuickBooks Online. This solution, which is expected to roll out next year, will enable users to organize, manage, and run businesses efficiently.Â
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