July 17, 2018 @ 1:12 am By JD Alois  |  

PINTEC, a China based Fintech firm that offers financial solutions that connect business partners and financial partners to provide financial services to end users, has announced its intent to do an initial public offering on NASDAQ Global Market. PINTEC expects to trade under the symbol… Read More

July 16, 2018 @ 11:11 pm By JD Alois  |  

The CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. According to the group, there are more than 154,000 CFA charterholders worldwide in 165+ countries and regions. So when a group that prides itself on setting… Read More

July 16, 2018 @ 10:33 pm By JD Alois  |  

LendingClub (NYSE: LC), the largest US marketplace lender, has appointed Ronnie Momen to become their Chief Lending Officer. According to LendingClub, Momen will oversee company’s credit strategy including the use of credit data, analytics, and products. Momen started with LendingClub today and is reporting directly… Read More

July 16, 2018 @ 10:30 pm By JD Alois  |  

Banking software providor Temenos (SIX: TEMN), was recently recognized by analyst firm Gartner, for its service for the 9th year in a row. Temenos was acknowledged  in the June 2018 report “Magic Quadrant for Global Retail Core Banking” (GRCB) – a document that assesses vendors based… Read More

July 16, 2018 @ 5:19 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued their fourth warning on consumers purchasing cryptocurrency. The “Customer Advisory told investors to use caution and to extensive research prior to purchasing virtual coins or tokens – including “self described utility coins or consumption coins.” Erica Elliott… Read More

July 16, 2018 @ 3:03 pm By JD Alois  |  

UK based Sovren says it will launch the first digital asset exchange to be regulated by the Financial Conduct Authority (FCA) and accessible to institutional investors. The creation of two ex-bankers, Sovren has also announced an Initial Coin Offering (ICO) planned for Q3 this year…. Read More

July 16, 2018 @ 2:04 pm By JD Alois  |  

Online lending exchange LendingTree(NASDAQ: TREE) has announced it will acquire Austin, Texas based Student Loan Hero for $60 million in cash to be paid upon closing. The transaction is expected to close in Q3 of 2018. Student Loan Hero offers students financial comparison tools, educational resources, and personalized… Read More

July 16, 2018 @ 1:26 pm By JD Alois  |  

Leading non-bank finance firm Greensill has received an investment from General Atlantic in the amount of $250 million. This values Greensill at $1.64 billion. Gabriel Caillaux, Managing Director and Head of EMEA at General Atlantic, will be joining the Greensill board. Founded in 2011, Greensill provides… Read More

July 16, 2018 @ 12:18 pm By JD Alois  |  

UK based Shieldpay has expanded into the US by providing services to car classified site, AutoClassics.com. The Fintech scale up enables sites to become fully transactional marketplaces and offers an instant digital escrow payment solution.  Shieldpay can also accelerate multi-million-pound M&A deals and real estate transactions,… Read More

July 16, 2018 @ 10:42 am By JD Alois  |  

Coinbase, a marketplace for cryptocurrency, is “exploring” the addition of more digital coins. Specifically, Cardano (ADA) Basic Attention Token (BAT) Stellar Lumens (XLM) Zcash (ZEC) 0x (ZRX) Coinbase has never been shy about its intent to become the one cryptocurrency exchange to rule them all… Read More

July 16, 2018 @ 8:11 am By JD Alois  |  

CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More

July 15, 2018 @ 3:46 pm By JD Alois  |  

Small businesses in the US, and just about every other country, are the life blood of the economy where they operate. This is a fact. Providing access to capital to smaller firms is thus a vital need to drive economic growth, create jobs, and enable… Read More

July 15, 2018 @ 3:08 pm By JD Alois  |  

Sight Diagnostics, an Israeli Medtech firm, has launched “OLO,” an AI-based blood diagnostics device which is said to offer lab-quality “Complete Blood Count” (CBC) tests from finger prick samples at the point-of-care. Sight Diagnostics is an OurCrowd portfolio company having facilitated two investment rounds in… Read More

July 15, 2018 @ 12:00 pm By JD Alois  |  

UK research firm Beauhurst published a report recently that highlighted foreign investment into high growth UK firms. According to their numbers, foreign investment is booming in the UK – in spite of Brexit induced jitters. The report states that during 2017 foreign investment hit £6… Read More

July 15, 2018 @ 9:21 am By JD Alois  |  

  As was reported last week, the Securities Token Roundtable is continuing deliberations in Barbados over the weekend. Organized in part by the efforts of Polymath who is hosting the event, the meeting includes a good number of emerging platforms and industry participants seeking to… Read More

July 13, 2018 @ 6:07 pm By JD Alois  |  

The Subcommittee on Monetary Policy and Trade, part of the House Financial Services Committee, has updated the information on the forthcoming hearing entitled “The Future of Money: Digital Currency.” The Hearing, which will be live streamed on the Committee web site, will include the following… Read More

July 13, 2018 @ 11:09 am By JD Alois  |  

Coinsource, a company that claims the title of the world’s largest Bitcoin ATM network, has increased the withdrawal amount to $5,000 USD. Coinsource says this comes in response to growing demand for more ATMs and the company’s growing presence in Mid-Atlantic states, including Delaware, Pennsylvania,… Read More

July 13, 2018 @ 11:00 am By JD Alois  |  

KingsCrowd, a startup that wants to become the “Morningstar of equity crowdfunding” is using crowdfunding to raise their seed funding round. The offer is posted on NetCapital and seeks a max raise of $106,999. The minimum is low at $10,000 – but two weeks into the… Read More

July 13, 2018 @ 10:18 am By JD Alois  |  

Reg CF is the smallest segment of the crowdfunding industry but it is also the securities exemption that was designed to cater to the smallest of businesses. Signed into law in 2012, Reg CF became actionable in May of 2016 and since that time has… Read More

July 13, 2018 @ 8:23 am By JD Alois  |  

Tether, a provider of tokenized traditional fiat currencies, has selected former AML Quality Control Manager at the Bank of Montreal, Leonardo Real, as their Chief Compliance Officer (CCO). Launched in 2014, Tether claims to be the first blockchain-enabled platform to allow traditional currencies to be… Read More