January 26, 2021 @ 11:17 pm By Omar Faridi  |  

The digital banking sector in South America has been growing steadily, with now over 30 neobanks in the region. Digital banking platforms currently serve more than 50 million consumers out of the region’s (approximately) 430 million residents, according to the latest data from Dutch Fintech… Read More

January 26, 2021 @ 10:43 pm By Omar Faridi  |  

Leading digital asset exchange Binance has announced the launch of a Hackathon, called The Future Is Now. According to Binance, this event will be a 3-week long virtual hackathon that will be hosted by Binance X and Gitcoin, which serves a place for blockchain developers… Read More

January 26, 2021 @ 10:13 pm By Omar Faridi  |  

UK-based challenger bank Monzo is reportedly struggling to maintain operations and may be trying to avoid the same fate as digital bank Xinja which was recently forced to shut down permanently. Fintech analyst Katherine Long from GlobalData recently noted that Monzo has turned into an… Read More

January 26, 2021 @ 9:02 pm By Omar Faridi  |  

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

January 26, 2021 @ 8:38 pm By JD Alois  |  

The US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program. FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow… Read More

January 26, 2021 @ 8:11 pm By JD Alois  |  

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services announced the six Committee Members who will serve as Subcommittee Chairs for the 117th Congress. Chair Waters issued the following statement: “I am pleased to announce the very experienced, dedicated, diverse, and talented… Read More

January 26, 2021 @ 8:00 pm By JD Alois  |  

FinCEN has submitted for publication in the Federal Register an Extension Notice, which will extend the comment period on its Notice of Proposed Rulemaking (NPRM) regarding certain transactions involving virtual currency or digital assets. FinCEN, part of the US Department of Treasury, came under criticism… Read More

January 26, 2021 @ 7:47 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has requested a rulemaking pause from the Financial Crimes Enforcement Network (FinCEN) following the Biden White House guidance to agencies. Coinbase writes in a letter that was reportedly shared with Kenneth Blanco, Director, FinCEN on January 25, 2021, that after… Read More

January 26, 2021 @ 6:41 pm By Omar Faridi  |  

Republic, a leading securities crowdfunding platform and investment ecosystem has announced that it’s “thrilled” to be teaming up with the Global Silicon Valley Team, which invests in the “stars of tomorrow,” in order to facilitate the Entrepreneurs of Color Affinity Group on Tuesdays at 9… Read More

January 26, 2021 @ 3:57 pm By Samantha Hurst  |  

Albert, a U.S.-based fintech, announced on Tuesday it raised $100 million through its Series C funding round, which was led by General Atlantic with participation from  CapitalG, Alphabet’s independent growth fund, Portag3, and QED. The investment round brings Albert’s total funding to $173 million. Launched… Read More

January 26, 2021 @ 3:22 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action in the U.S. District Court for the Southern District of New York charging Jeremy Spence of New York, alleging fraud for operating a Ponzi scheme involving digital assets such as Bitcoin and… Read More

January 26, 2021 @ 3:13 pm By Samantha Hurst  |  

  Just a little over five years after securing a £25 million investment from a London-based hedge fund and consortium of angel investors, hybrid/online estate agent easyProperty has launched an equity crowdfunding campaign on Seedrs. Launched in 2013, easyProperty describes itself as a hybrid/online east… Read More

January 26, 2021 @ 2:09 pm By Samantha Hurst  |  

  Joshu, a U.S,-basd insurtech, announced on Tuesday it raised $3.7 million through its seed funding round, which was led by Blumberg Capital with participation from Engineering Capital, Correlation Ventures, Innovation Endeavors, and Sure Ventures. Founded in 2020, Joshu’s solution offers insurance carriers and managing… Read More

January 26, 2021 @ 1:53 pm By Samantha Hurst  |  

Empaxis Data Management, a cloud-based fintech and middl-and back-office services provider for investment management firms, announced on Tuesday it has opened  new office in Kolkata, India.  Founded in 2004, Empaxis provides outsourcing, automation tools, and cloud-based fintech to investment firms worldwide. The company’s clients include… Read More

January 26, 2021 @ 11:37 am By Samantha Hurst  |  

  FinTech Scotland and FinTech Wales announced on Tuesday have released a report proposing increased Research and Innovation (R&I) to drive acceleration in fintech development across the UK, nationally and regionally to support growth and new jobs. The report, entitled “Research and Innovation for UK FinTech” jointly authored… Read More

January 26, 2021 @ 11:10 am By Samantha Hurst  |  

  Taiwan’s Financial Supervisory Commission (FSC) recently announced it has granted a banking license to Rakuten International Commercial. The FSC reported that Rakuten International Commercial Bank (RICB) is the first internet-only bank to obtain a banking license in Taiwan. The FSC further revealed that RICB… Read More

January 26, 2021 @ 10:35 am By Samantha Hurst  |  

Diginex Limited, a digital assets financial services company, announced on Monday it has formed a new partnership with GSR Markets (GSR), a global market maker for cryptocurrency spot and crypto derivative markets. According to Diginex, GSR will become a shareholder in Diginex and one of the… Read More

January 26, 2021 @ 10:32 am By JD Alois  |  

Shares in Overstock (NASDAQ:OSTK) jumped higher in early morning trading following the announcement that Medici Ventures, a wholly-owned subsidiary of Overstock that focuses on emerging blockchain technology, will be migrated to a new “fund” structure managed by VC Pelion Venture Partners. As reported yesterday, Medici,… Read More

January 26, 2021 @ 9:54 am By Samantha Hurst  |  

  FinVolution Group, a China-based fintech that connects underserved individual borrowers with financial institutions, announced on Tuesday its subsidiary has received the Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) to conduct regulated activities in dealing in capital markets products in Singapore. Finvolution reported… Read More