October 20, 2020 @ 8:15 am By Brian Williamson  |  

I have been impressed, not only with the economic levers Rishi Sunak, has used to stimulate the economy but with the measured and calm way he has dealt with a crisis that could have been a poison chalice for many another Chancellor. A few weeks… Read More

October 20, 2020 @ 8:15 am By Samantha Hurst  |  

U.S.-based fintech FirstClose announced on Tuesday it has officially launched its digital lending platform (DLP), FirstClose ONE. According to FirstClose, FirstClose One is a home equity and refi tool that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing, and recording)… Read More

October 20, 2020 @ 8:09 am By JD Alois  |  

The Future Fund is a COVID support program for early-stage firms. The Fund provides access to capital to younger firms that do not qualify for other COVID support schemes. In brief, it is a matching program with the UK government will invest in convertible securities… Read More

October 20, 2020 @ 7:41 am By Omar Faridi  |  

What consumers might say and what actions they take when it comes to sharing personal financial data (via Open Banking) are two different things, ING Bank notes. Although there are many tools to help improve our financial lives, the findings of an ING global survey… Read More

October 20, 2020 @ 7:35 am By JD Alois  |  

Shield, a UK based Regtech, has launched a solution that is said to combine its Insider Trading and Information Handling feature to provide greater monitoring of employees. The Shield “INSIDERS” is described as using AI, to provide a highly accurate integrated approach to monitor all… Read More

October 20, 2020 @ 7:25 am By Omar Faridi  |  

Visa and Mastercard are being accused of charging “excessive” fees during the COVID-19 crisis. British retail groups are claiming that the scheme fees being charged by the payment companies have nearly doubled during the past 2 years. Retail groups in the UK have noted that… Read More

October 20, 2020 @ 2:22 am By JD Alois  |  

The Association of German Credit Platforms (VdK), a group representing digital debt financing, has added five new members. According to a release, finpair, NetBid Finance, Exaloan, d-fine and SWK Bank, have all joined the association now making 18 members in total. The new members include… Read More

October 20, 2020 @ 1:49 am By JD Alois  |  

Zinsbaustein.de, a real estate crowdfunding marketplace, is expanding its model by offering a new real estate fund. In partnership with Primus Valor, the platform is offering an alternative investment fund (AIF), “ImmoChance Deutschland 10 Renovation Plus” (ICD 10 R +) that is said to focus… Read More

October 19, 2020 @ 11:58 pm By Omar Faridi  |  

Pondicherry University, which is located in South India (in Kalapet, Pondicherry, Union Territory of Puducherry, India), has introduced an MBA program in Financial Technology or Fintech. The new program will be offered during the 2020-21 academic year. Gurmeet Singh, Vice-Chancellor of the University, has helped… Read More

October 19, 2020 @ 10:15 pm By Samantha Hurst  |  

NYMBUS, a U.S. financial service platform provider, announced on Monday that PeoplesBank has gone live with NYMBUS SmartLaunch to outsource the technology and remote full-service operations of its digital-only bank, ZYNLO. As previously reported, ZYNLO describes itself as a digital-only bank designed to make banking… Read More

October 19, 2020 @ 10:02 pm By Omar Faridi  |  

  Dubai Economy recently brought together the main stakeholders in the country’s cashless economy ecosystem at the Future Economy Lab event (workshop). The event was conducted as part of the UAE’s ongoing efforts to address COVID-19 related challenges. The Middle Eastern country is focused on… Read More

October 19, 2020 @ 9:14 pm By Omar Faridi  |  

The development of the Bitcoin (BTC) protocol and decentralized finance (DeFi) networks is somewhat similar but also very different, according to a report from OKCoin. The exchange notes that application developers are focused on supporting the growth of Bitcoin and DeFi. They aim to create… Read More

October 19, 2020 @ 8:51 pm By JD Alois  |  

Singapore based Proptech Propseller has raised a S$1.7 million (USD $1.2m) seed round, according to a note from the company. Propseller is described as the “modern real estate agency” that facilitates sales, purchases and property rentals. Propseller reports that it is currently transacting around S$… Read More

October 19, 2020 @ 6:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) issued a litigation release today alleging charges of microcap fraud that involved an attorney prominent in the US crowdfunding sector. According to the SEC complaint, Jillian Sidoti, affiliated with the law firm known as CrowdfundingLawyers.net, facilitated alleged fraudulent dumping… Read More

October 19, 2020 @ 4:52 pm By Omar Faridi  |  

The Bank of Canada, the nation’s central bank, recently posted a new job requirement for an economist who may have experienced working with digital currencies and financial technologies or Fintech services. The reserve bank has noted that it aims to serve as “a leading central… Read More

October 19, 2020 @ 3:40 pm By JD Alois  |  

The United States has one of the most fragmented regulatory environments for financial services in the world. Frequently, a financial service provider will need to adhere to both state and federal rules along with an alphabet soup list of regulators. While the current leadership of… Read More

October 19, 2020 @ 2:33 pm By Samantha Hurst  |  

Fivestars, a U.S.-based integrated payment processing and marketing platform, recently announced it raised $52.5 million in a combination of Series D equity and debt financing. Founded in 2011, Fivestars claims to be a leading payment and customer loyalty platform for small local businesses. The company… Read More

October 19, 2020 @ 2:03 pm By Samantha Hurst  |  

SME funding provider Accelerated Payments  (AP) announced on Monday it secured a €20 million senior debt line from leading asset manager Channel Capital Advisors to expand AP’s receivables financing capability. Founded in 2017, AP provides finance to businesses with an immediate need for working capital… Read More

October 19, 2020 @ 1:43 pm By Samantha Hurst  |  

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Monday it has entered into a definitive business combination agreement with South Mountain Merger Corporation. Billtrust reported that the combined company will continue as a publicly listed entity and have an implied estimated… Read More