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Publicly traded cannabis fintech POSaBIT acquires three compliance software firms

GeekWire

POSaBIT Photo) POSaBIT has reached a deal with Akerna to acquire three cannabis compliance companies in an all-cash deal, broadening the suite of software products it sells to marijuana merchants in the U.S. Many credit card companies and national banks refuse to work with cannabis retailers because it is still not federally legal.

Software 133
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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.” Moonstone Bank’s reputation as well.”

Banking 100
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Cannabis company POSaBIT calls off plans to acquire three compliance software firms

GeekWire

POSaBIT said it would abandon plans to acquire three cannabis compliance software firms. POSaBIT Photo) POSaBIT announced Friday plans to abandon its acquisition of three cannabis compliance software firms after a third-party proposal resulted in a “superior offer” to its original bid.

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Cyber-Security Dangers of Repealing Net Neutrality

Galido

Net neutrality is the principle that governments have put in place directing Internet Service Providers (ISP) to treat all internet traffic the same. Due to the recent decision of the Federal Communications Commission (FCC) which resulted in the repealing net neutrality, ISPs will now have control of internet usage.

.Net 66
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Step 1 to becoming a business-savvy CIO

CIO Business Intelligence

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Book-to-bill shows whether orders are outpacing billings (i.e., business is slowing).

Banking 102
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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

To a large extent that’s on the money, as Nasdaq, which originated as a digital system for distributing market data in 1971, today owns and operates 27 stock exchanges and sells its exchange software to more than 100 exchanges globally. The company, which reported net revenues of $3.6 The company, which reported net revenues of $3.6

Financial 113
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IT services company Atos finalizes plan for IBM-style split

CIO Business Intelligence

The closest thing in its portfolio is a stake in Aareal Group, a bank that has an ERP software subsidiary, Aareaon, which provides digital solutions for the European property industry. billion; its net loss increased slightly to €600 million, from €503 million a year earlier.

IBM 92