Industry Briefs

According to Kaleido’s new report on B2C Cross-border eCommerce: Market Outlook 2021, regional growth of cross-border sales will outstrip domestic eCommerce growth in all regions.

Kingswood Acquisition Corp. (NYSE: KWAC.U) (“KWAC” or the “Company”) announced today the closing of its initial public offering (“IPO”) of 11,500,000 units, including 1,500,000 units issued to the underwriters upon the full exercise of their over-allotment option, at a price to the public of $10.00 per unit. The units began trading on The New York Stock Exchange (the “NYSE”) under the symbol “KWAC.U” on November 20, 2020.

HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, today announced the launch of its newest real-time payments offering

Smarsh, enabling organizations to manage the risk and uncover the value within their electronic communications, today announced direct carrier capture and archiving support for T-Mobile for Business. Smarsh helps regulated organizations capture, archive and search text messages to meet regulatory compliance mandates and e-discovery challenges.

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay

Finmail Mailbox integrates both email and a digital currency payment feature, so that people can use their mailbox and email address to send and receive emails as well as digital currencies such as Bitcoin and USDT.

The global market for Artificial Intelligence (AI) is projected to reach US$312.4 billion by the year 2027, trailing a post COVID-19 CAGR of 32.7% over the analysis period 2020 through 2027. Globally, over 567 AI start-up companies received investments in the first five months of the year 2020.

tZERO announced today that its subsidiary, tZERO ATS, a FINRA member broker-dealer that operates an Alternative Trading System (ATS), has completed a technology integration with Refinitiv, one of the world’s largest providers of financial markets data and infrastructure and formerly Thomson Reuters’ Financial and Risk business.

Blockchange Inc. today announced the addition of fourteen new digital assets to its BITRIA™ Digital Turnkey Asset Management platform for registered investment advisors

Gemini Trust Co. LLC, a cryptocurrency exchange and custodian, will soon deploy TaxBit's Tax Center Suite technology to provide its users with completed cryptocurrency tax reports and tools to better monitor and optimize tax reporting.