July 18, 2018 @ 2:20 pm By Samantha Hurst  |  

On Wednesday, UK’s Investment Association (IA) announced the first cohort of fintech innovators for Velocity, the IA’s specialist fintech accelerator for the asset management industry. According to IA, the 24 Velocity Advisory Panel is chaired by Graham Kellen, Chief Digital Officer of Schroders, and comprised of… Read More

July 18, 2018 @ 1:59 pm By JD Alois  |  

FundAmerica, a securities escrow software provider that is widely used in the crowdfunding industry, has been sold to Prime Trust. The acquisition was revealed in an email by CEO and founder of FundAmerica Scott Purcell who is also the CEO and Chief Trust Officer of… Read More

July 18, 2018 @ 1:26 pm By Samantha Hurst  |  

Just two weeks after launching its equity crowdfunding round on Seedrs, London-based veg box scheme exclusively focused on wonky and surplus produce, Oddbox, has successfully raised its initial £350,000 funding target. As previously reported, the company revealed it is on a mission to fight food waste… Read More

July 18, 2018 @ 12:45 pm By Samantha Hurst  |  

BBVA announced on Wednesday that Apple Pay is now officially available for customers in Spain. According to BBVA, Apple Pay is aiming to transform mobile payments with a secure and private way to pay.  According to BBVA,  customers just need to use a credit or debit… Read More

July 18, 2018 @ 11:54 am By Samantha Hurst  |  

Yoyo, a mobile payment and marketing platform, announced on Wednesday it has surpassed one million users and claims to be one of the fastest growing fintech startups in Europe. Founded in 2013, Yoyo describes itself as the fastest growing mobile wallet in Europe. For shoppers, it is an… Read More

July 18, 2018 @ 11:20 am By Cali Haan  |  

Cryptocurrency consortium Bitmain, the world’s most valuable crypto firm, has embarked on yet another expansion, this time in Isreal, where it plans to triple the size of the workforce at its Ra’anana development centre. Bitmain told Israel business news site Globes that it is adding… Read More

July 18, 2018 @ 10:27 am By Samantha Hurst  |  

Fifth Third Bank announced on Tuesday its Financial Risk Solutions group introduced Fifth Third Market Trade, which is described as an online platform for executing and confirming foreign exchange trades. According to Fifth Third, Fifth Third Market Trade is accessible through Fifth Third Direct and provides… Read More

July 18, 2018 @ 10:09 am By Cali Haan  |  

Following recent reports that it has established capacious bitcoin mining farms in Washington State and Quebec, the Beijing-based Bitcoin mining giant Bitmain is now renting offices in a Silicon Valley office tower called Riverpark Towers, CCN reports. Bitmain will occupy the last available vacancy in… Read More

July 18, 2018 @ 9:38 am By Samantha Hurst  |  

On Tuesday, U.S.-based fintech CommonStock announced the launch of its new social investing platform for stocks and cryptocurrencies. This news comes just as CommonStock secures nearly $2 million during its seed funding round, which saw participation from Social Capital, Resolute VC, and Studio VC. CommonStock reported… Read More

July 18, 2018 @ 8:58 am By Samantha Hurst  |  

Xignite, a provider of market data cloud solutions for financial institutions and fintech companies, announced on Wednesday it has reached a milestone of serving five billion API requests per day. Founded in 2006, Xignite provides cloud-based financial market data APIs to help emerging companies and established… Read More

July 18, 2018 @ 8:32 am By JD Alois  |  

The current definition of an accredited investor is a profound act of disenfranchisement. Policy makers decision to segregate investors based solely on how much money they have is a myopic, discriminatory act of rulemaking. The punitive definition of an accredited investor has been in place… Read More

July 18, 2018 @ 7:51 am By Cali Haan  |  

IBM and Columbia University in New York City have announced plans to create an on-campus centre for research into blockchain tech and data transparency and the creation of an associated business accelerator for students, faculty and start ups. The related release does not indicate when… Read More

July 18, 2018 @ 7:47 am By Samantha Hurst  |  

Tradeteq, a UK-based trade finance distribution platform, has successfully secured $6.3 million through its Seed Extension round, which was led by ADV. Founded in 2016, Tradeteq notably provides a collaborative network for trade finance investors and originators to connect, interact, and transact. The company also delivers AI-powered… Read More

July 18, 2018 @ 7:43 am By JD Alois  |  

Wistia, a video software company for small and medium-sized businesses, has chosen a path less traveled by turning their back on VCs and other investors. Chris Savage, CEO and co-founder of Wistia, says when they started the company over a decade ago, the goal was to… Read More

July 18, 2018 @ 7:04 am By JD Alois  |  

Online lender OnDeck (NYSE:ONDK), has closed on two asset backed credit facilities totaling nearly $100 million. One in the amount of AUD 75 million with Credit Suisse, and another for CAD 50 million with Crédit Agricole, The two facilities will finance loan originations in Australia… Read More

July 17, 2018 @ 7:43 pm By JD Alois  |  

The JOBS and Investor Confidence Act (HR 6380), also called JOBS Act 3.0, is a grouping of 32 business friendly bills put together in a bipartisan effort to actually get something done. House Financial Services Committee Chair Jeb Hensarling stated; “Without a steady stream of small… Read More

July 17, 2018 @ 6:54 pm By JD Alois  |  

The House Agricultural Committee is the next contingency in Congress to schedule a hearing on cryptocurrencies. The hearing entitled “Cryptocurrencies: Oversight of New Assets in the Digital Age” is scheduled to take place tomorrow, at 10AM ET (Wednesday, July 18, 2018), in the Longworth House Office Building…. Read More

July 17, 2018 @ 4:50 pm By JD Alois  |  

In a profound act of bipartisanship, Representative Jeb Hensarling, Chairman of the powerful House Financial Services Committee, and Representative Maxine Waters, ranking member on the Committee, have joined together on a series of bills that are designed to “help America’s small businesses and entrepreneurs and to… Read More

July 17, 2018 @ 3:54 pm By Samantha Hurst  |  

Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced on Tuesday it has expanded its existing strategic cooperation with Mastercard to promote contactless wearable payments. The duo is cooperating among others with Garmin Pay and Wirecard reported that its services will be available in Germany… Read More