Search Results for: United International Holding Co.

United International To Establish Wage Processing Venture in Saudi Arabia

United International Holding Co. has entered into a memorandum of understanding (MoU) with Fintech firm NowPay Corp. to establish a specialized wage processing company in Saudi Arabia, according to a company announcement. The non-binding agreement, effective for two months with an option to extend, outlines… Read More

SC Ventures, SBI Holdings to Support Digital Asset Initiative in UAE

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties say that they intend “to capitalize the vehicle with… Read More

British Business Bank Shares List of Firms that it Holds an Equity Stake After Future Fund Investment

The British Business Bank has published a list of 158 companies in which it holds equity following the Future Fund COVID support program. The Future Fund was established to backstop UK early-stage ventures that did not qualify for other COVID relief programs. The Future Fund… Read More

Pushing Through the Fintech Frontier: Financial Regulators Poised to Expand Fintech and Cryptocurrency Oversight


President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.Ā  The groundwork for a more active regulatory regime has been set over the course of the past decade.Ā  Prior administrations harnessed existing enforcement… Read More

Chinese Regulators have Instructed Banking Institutions to Trim Loan Books to Guard Against Capital Market Bubbles

China’s regulatory authorities have reportedly been telling local banking institutions to ā€œtrimā€ their loan books during 2021 to guard against potential risks resulting from bubbles in domestic capital markets. This, according to an update from Reuters which cited sources familiar with the matter (on March… Read More

Lead Real Estate Issuing a Security Token (STO) for Tokyo Property Development

Tokyo-based firm Lead Real Estate has announced plans to, “develop condominiums and hotels inĀ Tokyo’s popular areas such as Ginza, Shinjuku, Shibuya, Ebisu, Shinagawa, and Meguro by using funds raised through issuing security tokens (STOs).” The firm believes a combination of factors, including local RE investing… Read More

Fintech Asset Tracking App Spiking Raises S$2.23 Million in Pre Series A Funding

Singapore based Aly Pte. Ltd., a Fintech that has launched an international stock tracking app Spiking, says that Seed and Pre A round founding now totalsĀ S$2.23 million after receiving an additionalĀ S$1.2 million. Spiking is moving beyond more traditional assets by adding digital assets covered in… Read More

A Transfer Agent’s Blockchain Manifesto

When the blockchain mania began many commentators and market participants were quick to point out the revolutionary aspects of this technology and began sounding the death knell of the traditional securities industry. They claimed that there would no longer be any need for regulation or… Read More

Does the SEC Want to Create a Regulatory Approach for Cross Border Equity Crowdfunding Offers?

Keith Higgins, Director the Division of Corporate Finance of the SEC, travelled to the UK last week to keynote a speech at the Fifteenth Annual Institute of Securities Regulation in Europe. Ā The speech, entitled; “International Developments -Past, Present & Future, launched into the premise of… Read More

RCS Capital Corporation Unveils 3rd Quarter Results as Massachusetts Securities Regulator Alleges Fraud

RCS Capital CorporationĀ (NYSE: RCAP) announced financial results for the quarter ending September 31st. Q3 EPS was stated at $0.10. Ā This missed analyst expectations by $0.03/share. Ā Revenue for the quarter stood at$589.6 million or, excluding $48.7 non-cash revenue, $540.9 million. The release comes on the heal’s… Read More

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