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Massachusetts Mutual To Buy FinTech RIA Platform Flourish

PYMNTS

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed with Stone Ridge Asset Management , which has over $10 billion in assets under management (AUM), for MassMutual to acquire FinTech registered investment advisor (RIA) platform Flourish , according to a press release.

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7 Possible Causes of SVB Failure and Predicting the Impact on Regulatory Reporting

Perficient

Overpaid Executives We’re not going to name names, but certain Senators from the great state of Massachusetts came out and declared that the failure was from “weaker regulation,” “lax regulatory supervision,” and “lower capital requirements,” as well as “millions in bonuses” paid by the bank. Securities 4a. Tier 1 leverage 8.11

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Ex eBay Execs Admit To Cyberstalking Plot

PYMNTS

In June, six former eBay employees were charged with cyberstalking a Massachusetts couple who publish a newsletter that company executives viewed as critical of the California-based eCommerce corporation. Four former eBay employees have agreed to plead guilty next month in federal District Court in Boston, U.S.

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Coinbase Files With SEC For 2021 IPO

PYMNTS

cryptocurrency exchange Coinbase has filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO), according to a report from The Wall Street Journal (WSJ). WSJ reported that investors include Paul Tudor Jones and Stanley Druckenmiller, and companies such as Massachusetts Mutual Life Insurance Co.,

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Eximchain Secures $20M For Blockchain Platform

PYMNTS

Eximchain , a blockchain-based platform developed in the Massachusetts Institute of Technology’s media lab, has raised $20 million for its supply chain financing solution. Supply chain finance and management are some of the largest targets of blockchain innovators today. INBlockchain and Kenetic Capital also participated, reports said.

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Former eBay Employees Charged In Cyberstalking

PYMNTS

Six former eBay employees have been charged with cyberstalking a Massachusetts couple who publish a newsletter that company executives viewed as critical of the California eCommerce corporation, according to a press release from U.S. Attorney Andrew Lelling in Boston.

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New Cyberattacks Aim for ATM Management Systems

Independent Banker

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. The software might spy on an employee’s activity to steal his or her passwords to burrow deeper into the bank’s network and ATM management system. Maria Korolov is a freelance writer in Massachusetts.

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