California Takes Step Towards Regulating Digital Assets with AB 2150, CoinFlip CEO Comments on Legislation

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California has been kicking around possible legislation regarding the regulation of digital assets for some time now. Recently, Crowdfund Insider reported on updates to pending crypto legislation (AB 2150) as the objectives of the bill had been dramatically scaled down. The bill has been sponsored… Read More

Bank of Thailand Signs Fintech focused MoU with UK Government, Aimed at Supporting Sustainable Economic Growth

The United Kingdom and the Bank of Thailand (BoT) have reportedly committed to a Memorandum or Understanding (MoU) on financial services, in order to support inclusive economic growth and development. The UK government and the BoT signed the MoU on August 7, 2020, according to… Read More

Monetary Authority of Singapore Commits $182 Million to Support Innovation and Develop Fintech Projects

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, recently revealed that it will commit S$250 million (appr. $182 million) in capital over the course of the next three years, in order to support the country’s financial industry. The funds are being… Read More

Fintech Is Recognized as a Key Tool for Attaining Long-Term Development Goals for Qatar’s Financial Sector

  The Qatar Fintech Hub (QFTH), which supports financial technology service providers in Qatar and globally, confirmed recently that it has received applications from companies that are interested in establishing their operations in the Middle East. These companies are looking for a launch-pad or accelerator… Read More

Leading Crypto Derivatives Exchange, BitMEX, Announces Mandatory ID Checks for All Digital Asset Traders on its Platform

The Seychelles registered Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives exchange, announced on August 14, 2020, that it will be introducing a user verification program. The Hong Kong-operated exchange noted that it will be launching its User Verification Program “at 00:00 UTC on… Read More

The Federal Reserve Bank of Boston Joins Forces With MIT For Digital Currency Research

The Federal Reserve Bank of Boston announced on Thursday it has formed a multi-year partnership with the Digital Currency Initiative at the Massachusetts Institute of Technology (MIT) for research related to a central bank digital currency. According to the organization, this research project will explore… Read More

AvidXchange Announces New “Tech Rising” Initiative to Remove Barriers to Technology Education

  AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Friday it has launched Tech Rising, an initiative spearheaded by the AvidXchange Foundation that aims to remove barriers to technology education and resources for youth and young… Read More

Mastercard Announces Global Commercial Partnership With Pollinate

Mastercard announced on Friday it has formed a global commercial partnership with merchant software platform, Pollinate. Through the collaboration, the duo will reportedly bring the latest technology and data insights to banks serving small and medium businesses around the world. In a statement, the companies… Read More

UK’s Federation of Small Businesses Says Next Budget Must be “Most Pro-Business Ever” to Combat Negative Effects of First Recession in 11 Years

The next or upcoming UK Budget will have to be the “most pro-business ever” so that it can counter the negative impact of the recession, according to the Federation of Small Businesses (FSB), a member-led, non-profit and non-party organization that represents SMBs. The United Kingdom… Read More

U.S. Fintech PayActiv Raises $100 Million Through Series C Funding Round Le By Eldridge

  PayActiv, a U.S.-based provider of employment-based holistic financial wellness services, announced on Thursday it secured $100 million through its Series C funding round, which was led by Eldridge and includes existing PayActiv shareholders Generation Partners and the Ziegler Link•Age Fund II. As previously reported,… Read More

Mastercard Launches Payment Solution “SME-in-a-Box” Allowing Small Business Owners to Move Businesses Online & Accept a Range of Digital Payments From Customers.

 Mastercard announced earlier this week it has a new low-cost payment solution, called SME-in-a-Box,  to allow small business owners to move their businesses online and accept a range of digital payments from their customers. According to Mastercard, SME in a Box offers a low-cost acceptance… Read More


Loanpal Joins Forces With Blackston to Deploy $300 Million of Residential Solar Loans

  Loanpal, a U.S.-based residential solar financing provider, announced on Thursday it has joined forces with Blackstone (NYSE: BX), through funds managed or advised by GSO Capital Partners, to invest in up to $300 million of residential solar loans originated and serviced on the Loanpal… Read More

U.S. Fintech Cred.ai Launches AI-Powered Credit Card

Cred.ai, a U.S.-based startup, has launched its new banking platform specifically for millennials, along with its solid metal credit card. The company reported that it has been operating in “stealth” for more than three years to build its platform, which is notably designed to “empower”… Read More

BitGo CEO Recommends Allocating 3% of Portfolios to Bitcoin, as Nasdaq Listed Firm Acquires $250 Million in BTC as its “Primary Reserve Asset”

Mike Belshe, the CEO at BitGo, a Palo Alto, California-based digital asset trust and security firm offering a multi-signature Bitcoin (BTC) wallet service, recently noted that many companies are now going out of business due to challenges related to COVID-19. Belshe points out that there… Read More

Reg CF Has Best Month Ever Regarding Investor Commitments at $23.2 Million in July

Reg CF (or Regulation Crowdfunding) a securities exemption that allows small companies to raise capital online had a great July – even in the midst of social distancing and lockdown due to the ongoing COVID-19 health issue. According to an email distributed by Crowdfund Capital… Read More

Open Banking Offers Accurate, Reliable Picture of Borrower’s Financial Situation, According to P2P Lending Industry Executive

The COVID-19 outbreak has accelerated the digital lending sector’s adoption of Open Banking policies and related technology, according to industry participants. The data-sharing initiative, which requires that banks share “anonymized” customer data with qualified third-parties (after obtaining consent from the owners of the financial data),… Read More

Nasdaq Listed Fintech Fiserv to Offer Payments and Financial Services Tech Solutions to India’s Federal Bank

India-based Federal Bank (NSE: FEDERALBNK), an established private sector bank, has selected Fiserv, Inc. (NASDAQ: FISV), a multinational provider of payments and financial services tech solutions, to support the digitization of the bank’s end-to‑end card issuance and processing cycle. Fiserv will also assist with the… Read More

Update: BYP Network Set to Close Seedrs Round With More Than £800,000 Raised

BYP Network, an empowerment platform dedicated to black professionals, is set to close its equity crowdfunding campaign on Seedrs with more than £800,000 secured. The funding round was launched last month and has attracted over 1100 Seedrs investors. As previously reported, BYP Network was founded… Read More

WorldRemit Announces Partnerships With Mexican Neobanking Groups albo & Klar

WorldRemit announced on Thursday it has formed partnerships with Mexico-based neobanks albo and Klar. According to Jorge Godinez, Head of LATAM at WorldRemit, the UK based Fintech is considered the first money transfer company to enable transfers to albo and Klar. While speaking about the collaboration… Read More

Remote Working Fintech Deel Is Launching Operations Across Europe, will Help with Compliance, Payroll, Taxes

Many individuals and businesses across the globe have been forced to make major lifestyle changes, including working from home, due to the contagious COVID-19 outbreak. San Francisco-based Fintech firm Deel, which plans to improve the work from home process by offering an easy-to-use online platform,… Read More

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