Varo Money Inches Closer to Becoming First True Digital Only Bank in the US

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Varo Money has been in operations for years now providing banking services in a digital only environment to a growing number of consumers. Like all other US-based aspiring digital banks, Varo has had to leverage regulatory arbitrage to provide its services by partnering with another… Read More

IOST Blockchain Partners with Boomstarter Platform

The IOST Foundation has “completed an integration” with Eastern European rewards/donation platform Boomstarter, according to a note from the company. The goal is for the two entities to make $IOST a global fundraising currency to support entrepreneurs and builders in an international expansion plan spanning… Read More

Congressman McHenry Looks to Support Responsible Innovation During Libra Hearing

Congressman Patrick McHenry, Ranking Member on the House Financial Services Committee, told his fellow members at the Libra hearing today to “go beyond the headlines” when probing Facebook’s project to create a global payment ecosystem. The hours-long hearing saw David Marcus, head of Libra, hammered… Read More

tZero Appoints New Executives to Support Platform Growth

tZERO, a subsidiary of Overstock (NASDAQ:OSTK) and a leader in the security token issuance and trading sector, has announced several new hires. According to the company, Brooke Navarro has been appointed Head of Issuance. Michael Mougias joins tZero as Head of Investor Relations and Alexandra… Read More

Legion M Returns for 5th Crowdfunding Round Using Reg A+

Legion M, a fan-owned film company, has re-opened its Reg A+ offering for round number 5 of crowdfunding. The offer is now live on Wefunder. To date, Legion M reports that it has raised over $7 million via equity crowdfunding, backed by 16,000 fan-investors to… Read More

Embattled Vancouver Blockchain Consultancy, Vanbex, Targeted in Additional Lawsuit

Vanbex, a Vancouver-based “blockchain consultancy” now contending with a formal fraud investigation and civil forfeiture actions, has been slapped with a civil lawsuit by a former employee. According to Business Vancouver, lawyer Blair Hogg filed documents naming Vanbex Group Group, Inc., Vanbex Labs, Inc.  Vanbex… Read More

Hackers Liquidate Bitcoins Stolen from Binance on Binance

Binance, a major cryptocurrency exchange that suffered a $44 million USD hack in May, recently processed some of the Bitcoins stolen from it on behalf of the hackers, digital currency Regtech firm Coinfirm reports. According to data Coinfirm furnished to Coindesk, hackers have been moving… Read More

On Eve of Regulated ICOs in France, Minister of the Economy Bruno Le Maire Tweets About Concerns Regarding Facebook’s Libra at G7 Meeting

Bruno Le Maire, the French Minister of the Economy and supporter of cryptocurrency, has been tweeting about virtual currencies today during meetings of the G7 taking place in France. Le Maire has been a vocal supporter of blockchain technology and a strong voice in support… Read More

SEC Posts Final Judgement in Enforcement Action Against Founders of Real Estate Crowdfunding Platform iFunding

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The Securities and Exchange Commission (SEC) has posted final judgments in the case of real estate crowdfunding platform iFunding and co-founders William Skelley and Sohin Shah.  The two founders were charged last year by the SEC Enforcement Division regarding allegations of fraud in the misappropriation… Read More

International Monetary Fund Calls Financial Oversight in Singapore Among the Best Globally

The International Monetary Fund (IMF) has completed its Financial Sector Assessment Program for Singapore and has reportedly “reaffirmed” Singapore’s financial sector oversight to be “among the best globally,” according to a release. The IMF said the economic fundamentals of Singapore were strong and its economic… Read More

Australian Insurtech Startup bsurance Announces Cashpresso As New Cooperation Partner

Australia-based insurtech startup bsurance announced this week it has named fintech startup cashpresso, also from Austria, as a cooperation partner. Through the partnership, the digital insurance solution from bsurance will enable an automatic buyer protection for cashpresso. bsurance reported the insurance product is provided by… Read More


SWIFT Announces Launch of Multi-Bank GPI Payment Initiation

SWIFT, a global member-owned cooperative and provider of secure financial messaging services, announced on Tuesday it has launched a multi-bank GPI payment initiation and tracking service for corporates. The company revealed in a blog post: “Built in conjunction with banks and corporates, we’ve introduced a… Read More

Update: No1 Rosemary Water Nears £1.3 Million During the Final Week on Crowdcube

No1 Rosemary Water, a UK-based botanical beverage company, is set to close its equity crowdfunding campaign on Crowdcube with nearly £1.3 million in funding secured. The funding round made its public debut right after No1 Rosemary Water raised its £1 million funding target and has… Read More

Monetary Authority of Singapore Signs Fintech Agreement with Central Bank of Kenya

The Monetary Authority of Singapore (MAS) has signed a “Fintech Cooperation Agreement” with the Central Bank of Kenya. The agreement was finalized during the inaugural Afro-Asia Fintech Festival in Nairobi, Kenya. The two entities said they will collaborate to develop digital infrastructure services including KYC… Read More

Temenos Pushes Into Artificial Intelligence with Acquisition of Explainable AI Platform

Fintech software provider Temenos (SIX: TEMN), has acquired Logical Glue Ltd., a UK-based creator of the “Explainable AI” (XAI) platform. In a release, Temenos explained that the acquisition will accelerate Temenos’ artificial intelligence (AI) roadmap by providing AI credit scoring models that are immediately available… Read More

Report: UK Fintech Continues to Perform. $2.9 Billion in Deals in 2019 on Track to Top Year Prior

Innovate Finance has just published its Q2 UK Fintech investment report tallying activity for the first half of 2019. Innovate Finance is a five-year-old private-public partnership group that claims over 250 global members. Supported by the City of London and Broadgate, it is a not-for-profit… Read More

Koin Rewards Announces New Partnership With Fidel For Loyalty & Card-Linking Capabilities

Following the announcement of its equity crowdfunding campaign on Seedrs, blockchain-built rewards platform Koin Rewards announced its partnership with card linking API Fidel to build new rewards program for shoppers. Koin Rewards reported it is working with Fidel to build a community of merchants and… Read More

WorldPay Partners With ACI Worldwide to Drive Global Acceptance For Alternative Payment Methods

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time, any-to-any electronic payment solutions for banks, intermediaries, merchants, and corporates, announced on Wednesday it has formed an international relationship with Worldpay, Inc., a global provider in payments processing technology and solutions. According to ACI, the new collaboration… Read More

In Prepared Testimony, Georgetown Law Professor & Fintech Advocate Chris Brummer Slams Facebook’s Libra White Paper Labeling it a Failure

Today, the House Financial Services Committee will hold a hearing on Facebook’s Libra cryptocurrency and blockchain ecosystem. Yesterday, David Marcus, head of Libra, testified in front of the Senate Banking Committee garnering much criticism and little support. Expect more of the same today. The House… Read More

Wirecard Announces Smart Mirror Prototype to Integrate Ordering & Payment Options

Germany-based fintech Wirecard announced on Tuesday its new prototype of a Smart Mirror, developed by Wirecard’s Innovation Lab. The company claimed that the mirror is Germany’s first intelligent mirror through which consumers may also pay for items. “The unique offering offers a completely new customer… Read More

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