Recent News

What chip shortage? MagicCube raises $15M to ‘replace all chips,’ starting with POS terminals


October 14, 2021 | TechCrunch | SAN FRANCISCO -- MagicCube, a mobile security startup, has raised $15 million in a round led by Mosaik Partners. Bold Capital, Epic Ventures, card-reader/POS hardware maker ID Tech and unnamed individual investors in the fintech space also participated in the financing, which brings the Santa Clara-based startup’s total funding raised to $30 million since its 2014 inception. Put simply, MagicCube’s software-based security technology is aimed at replacing all security chips, which have historically been the standard for safely storing sensitive data and authenticating whoever needs access to it. And it’s starting with financial services. The company’s technology lets merchants transform mobile devices into payment terminals. Or in other words, it gives merchants a way to accept card payments on any consumer device with no reader or extra hardware required. Consumer financial data is critical for digital-first experiences, but sharing also increases risk. The best ...

Automated Compliance Leader Azimuth GRC Appoints Former JPMorgan Chase Veteran to Advisory Board


October 12, 2021 | JACKSONVILLE, Fla. -- Azimuth GRC, a compliance automation pioneer, announces Shannon Warren is joining its Advisory Board. Shannon’s more than 25 years of experience in banking, audit and advisory services, including several finance roles at JPMorgan Chase, brings expertise with risk and control management, accounting and financial reporting, mergers and acquisitions, investment banking products and reputation risk management. “Shannon and her depth of experience is an amazing asset to our Advisory Board,” said Rohin Tagra, founder and CEO at Azimuth GRC. “Our knowledgeable board members bring our company a deep bench of expertise as we rapidly scale our business and serve our clients.” From 2012 to 2016, Shannon was the Chief Control Officer of JPMorgan Chase & Co. In this role, she established the Oversight and Control function and designed the framework for the identification and management of operational risk for all products and services offered by ...

Azimuth GRC Secures Series A Financing Led by Mosaik Partners


August 31, 2021 | PRNewswire | JACKSONVILLE, Fla. and SAN FRANCISCO -- Azimuth GRC, Inc., the Jacksonville-based regulatory compliance software platform, announced today that it has secured Series A financing.  Mosaik Partners, a San Francisco-based venture capital firm focused on financial technology, led the round which included other new and existing investors.  The new funds will be used to hire additional talent, further enhance the platform, and expand sales and marketing efforts.  Azimuth GRC also announced additions to the executive management team, including Stephen Garrett as Chief Technology Officer and Kimberly Redd as Vice President, Product Management. "Azimuth GRC's technology helps financial institutions evaluate adherence to regulations and automate compliance testing, which has historically been a costly, lengthy and manual process," said Rohin Tagra, Founder and CEO at Azimuth GRC.  "Mosaik is the perfect partner for us as we embark on our next phase of growth, bringing significant operating and advisory expertise, in addition to a broad network ...

Cassini Systems Named Best Post-Trade Technology in HFM European Technology Awards 2021


August 18, 2021 | PRNewswire | LONDON and NEW YORK -- Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, has won the 2021 HFM European Technology Award for Best Post-Trade Technology.   Rewarding excellence in hedge fund technology services, the HFM European Technology Awards 2021 aim to recognize and reward hedge fund service providers who have demonstrated exceptional client service, innovation and strong and sustainable business growth over the past 12 months. Selection involves a rigorous judging process. Cassini’s platform provides the only full front-to-back solution covering margin, collateral and cost analytics for all classes of cleared and uncleared derivatives, futures and options, and prime broker portfolios. Cassini is integrated into the leading order management systems to enable frictionless access to pre-trade analytics with little implementation overhead. It also integrates into post-trade collateral management, treasury and risk systems – enabling better transparency, control and optimization ...

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