Distributed Banking Ledger: Fincross Preps Launch of Blockchain based Investment Bank

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Recently, it was announced that Fincross International will be the lead sponsor for the upcoming Security Token Summit taking place in LA this spring – as well as CIS. A relatively new company, Fincross is described as “a next-generation digital investment bank.” The digital investment bank… Read More

Founders of Digital Asset Bank FreeRange Voice Support for Wyoming’s Blockchain Friendly Legislation

The state of Wyoming has been boldly moving forward in a way that no other US states can claim when crafting crypto friendly laws. As Crowdfund Insider outlined last week, the most recent legislation passed is SF125; a bill that recognizes property rights for digital… Read More

ICYMI: In Quebec Cryptocurrency Mining May Equal Securities, AMF Issues Call to Investors in Crypto Technologies, Inc.

Earlier this month, the Quebec Autorité des marchés financiers (AMF), along with the Financial Markets Administrative Tribunal issued “conservatory orders” against Crypto Technologies Inc. (DBA Make It Mine), and principles David Fortin-Dominguez and Samory Proulx-Oloko for “failures to comply with the Securities Act.” The order was the… Read More

Update: Online Fitness Marketplace MoveGB Surpasses £1.2 Million During the Final Week on Crowdcube

MoveGB, an online fitness marketplace, is set to close its equity crowdfunding round on Crowdcube with more than £1.2 million in funding. The campaign was launched last month, with a funding target of £1 million. As previously reported, MoveGB was founded in 2013 and has more than… Read More

Allianz X Announces Increase in Fund Size to €1 Billion

Allianz X, the digital investment unit of the Allianz Group, announced earlier this week it has increased the size of its fund size to €1 billion. This news comes just after Allianz X received an investment from Allianz SE and the increase is claimed to be the… Read More

Clearbank and Tide Combo Wins £60 Million Grant from RBS

ClearBank, a challenger clearing bank (the UK’s first new clearing bank in more than 250 years), has been awarded a grant from the RBS Alternative Remedies Package of £60 million. The grant is one of three from Pool A of the Capability and Innovation Fund that forms… Read More

Banks Continue to Dive, While Fintechs Rise When it Comes to Consumer Lending

TransUnion (NYSE: TRU), a US consumer credit reporting agency that profiles just about every single consumer, has just published its Q4 2018 Industry Insights Report and their data holds good news for Fintechs. According to TransUnion, Fintechs continue to increase their market share of personal loans… Read More

France Fines UBS, Switzerland’s Largest Bank, $5.1 Billion for Aiding Tax Evasion

UBS, Switzerland’s largest bank, was fined 4.5 billion Euros ($5.1 billion USD) Wednesday for “aggravated money-laundering of the proceeds of tax fraud” as well as “illegal bank soliciting” for its alleged role in helping wealthy French citizens avoid taxes, Associated Press reports. Five former UBS… Read More

Mizuho Bank Set to Launch Digital Currency Platform J-Coin Pay

Mizuho Bank, Ltd., a core subsidiary of Mizuho Financial Group, Inc., announced earlier this week it is set to launch a new bank digital currency platform, J-Coin Pay, in cooperation with approximately 60 other financial institutions. According to Mizuho Bank, J-Coin Pay employs QR codes1… Read More

Sberbank Announces Online Service Sberbank Cash Transit

Russian banking group Sberbank announced on Friday the launch of its new online cash transit services, which allows users to make existing cash transit agreements. According to Sberbank, the advantages of the group’s cash transit services include the following: Reliable partner with the widest coverage Funds are… Read More

B-Hive Europe Debuts Fintech Landscape Report “B-Lens” With Roland Berger & Sirris

European fintech hub B-Hive announced on Friday it has teamed up with Roland Berger, one of the leading global consultancy firms, and Sirris, the collective center for and by the technological industry, to publish B-Lens 2.0, a fintech landscape report that takes a look at the state… Read More


Starling Bank Receives £100 Million Grant From RBS’ Capability and Innovation Fund

UK banking platform Starling Bank announced on Friday it has been awarded a £100 million grant from the Capability and Innovation Fund (CIF). According to Starling Bank, the grant comes from a £775 million fund created as a condition on RBS for accepting £45 billion bailout… Read More

Investment Crowdfunding Platform FundedByMe to List Shares on Nordic Growth Market

Sweden based FundedByMe has received approval to list its shares on the Nordic Growth Market (NGM), a regulated exchange that operates in Sweden, Finland, Denmark, and Norway. NGM is a wholly-owned subsidiary of Boerse Stuttgart. Shares in FundedByMe will commence trading on Friday, March 8, 2019 under… Read More

UK Firm Auctioning 315 Seized Bitcoins for Belgian Government

UK auction house Wilson’s Auctions will be selling 215 Bitcoins, Bitcoin Gold “coins” and Bitcoin Cash “coins” in a 24-hour Timed Online Auction starting February 28th. According to the firm, the coins (104.99 of each), “were seized by the Belgium police as a result of a… Read More

Records of 15 000 Heart Patients Compromised in Crypto Ransom Attack

In January, a private heart clinic located in a Melbourne’s Cabrini hospital had 15 000 patients’ medical records locked in a ransomware attack that emanated from Russia or North Korea, 9News reports. A cryptocurrency ransom to unlock the data was subsequently demanded. The records were… Read More

Accused of Laundering $234 Billion, Danske Bank Ceases Most Banking in Russia and Baltic Countries

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

Concerned About the UK’s Fintech Prominence, Revolut CEO Calls for a Tech Visa to Help with Brexit Fallout

Nik Storonsky, the CEO and co-founder of digital bank Revolut, has told the UK Government to create specialised tech visas for professionals to ameliorate growing concerns of Brexit fallout. Revolut said it plans on doubling its workforce in the coming months as it expands services and… Read More

PINTEC Partners With Xiaomai Zhujiao to Enable Installment Financing for Educational & Training Institutions

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it is teaming up with  Xiaomai Zhujiao, a provider of education management software systems in China, to develop a consumer financing solution for education and training institutions. PINTEC reported that it will cooperate with Xiaomai Zhujiao to… Read More

First Security Token Sale of the Year: CoinList Offers Ocean Token

CoinList, a platform for security tokens, is offering its first investment of the year. The securities are being issued under Reg D and Reg S. Ocean is described as an ecosystem that “securely exposes data, storage, compute, and algorithms for consumption.” The data feature incorporates… Read More

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