JD Alois

US Based Fintech Firm investFeed Crowdfunds on Seedrs

investFeed, described as the first transparent social network for the financial markets, is crowdfunding on Seedrs. We believe this is the first US based company to leverage the UK based investment crowdfunding platform. The UK is home to the most robust equity crowdfunding market in… Read More

TransferWise Goes Big. Sets up Office in Singapore for Asian Expansion & Global Domination

Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More

SEC & NYU Partner on Event Tackling Moribund IPO Market

The Securities and Exchange Commission is partnering with New York University on an event tackling the topic of the declining initial public offering market (IPO). Organized under the auspices of the SEC’s Division of Economic Risk Analysis (DERA), the half day dialogue is being held… Read More

Comptroller of the Currency, Thomas Curry, Delivers Speech on Importance of Fintech Innovation

“That ability to adapt and evolve to meet the changing needs of customers and the marketplace is as critical” Thomas Curry, the Comptroller of the Currency, delivered a speech today at Kellogg School of Management in Chicago. The speech comes at an interesting time as… Read More

Ireland is Considering Bespoke Crowdfunding Regulation

  Last week, the government of Ireland announced a Public Consultation on the Regulation of Crowdfunding. Currently, crowdfunding is not a regulated activity in Ireland. The Irish Minister for finance, Michael Noonan T.D. commented on the consultation; “Ensuring that the development of this exciting and… Read More

OCC Fintech Charter Lawsuit Creates “Increasing Headwinds” for Progress

The Conference of State Bank Supervisors (CSBS), a US organization of state bank regulators, filed a complaint against teh Comptroller of the Currency in the US district court of Columbia this week. The action was against the much debated Fintech Charter that was launched to… Read More

Assetz Capital Expansion Continues with New Hire for South Wales

Peer-to-peer lender Assetz Capital has appointed former Handelsbanken Branch Manager and Barclays Business Development Director, Mark Standley, to oversee their South Wales operations. Prior to his roles at Handelsbanken Cardiff and Bridgend, Standley was with Barclays leading a mid and large corporate business development team… Read More

KPMG: $3.2 Billion in Fintech Deals During Q1 as 2017 “Starts Modestly”

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More

CFPB Sues Four Online Lenders Operated by a California Indian Tribe

The Consumer Financial Protection Bureau (CFPB) has sued four online lenders for collecting debt from consumers they allegedly did not owe. The four lenders include: Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – The suit… Read More

Congressman Patrick McHenry Slams CFPB, Labels Project Catalyst a Failure

The Consumer Financial Protection Bureau (CFPB) was created out of the ashes of the Great Recession. A knee jerk-reaction crafted by elected officials attempting to fix what went wrong, the controversial agency has since earned much criticism while having its structure deemed unconstitutional. At a… Read More

Germany: Lawmakers Must Strengthen Market for Investment Crowdfunding

Jamal El Mallouki, CrowdDesk CEO and current Chair of the German Crowdfunding Association (Bundesverband Crowdfunding), wants to boost the German crowdfunding market and affiliated regulatory framework. To improve the crowdfunding ecosystem, El Mallouki and the Association have published three concrete proposals for policymakers to pursue. In… Read More

GOKey: Details Revealed on Collapse of High Profile Indiegogo Hardware Campaign

This is a cautionary tale not just for backers of ostensible promising hardware presales campaigns but for hardware creators with little to no experience on manufacturing and shipping hardware from Asia. GOKey, a rewards based project posted on Indiegogo in 2014, raised over $1.2 million… Read More

California Crowdfunding Bill Takes Another Step Towards Becoming Law

The California intrastate crowdfunding bill (AB 1517) took another step in the direction of becoming an actual law yesterday.  On Tuesday, April 25th, the bill was green-lighted by the Assembly Banking and Finance Committee. Next up is the Assembly Appropriations Committee. A hearing on the AB… Read More

Quovo Raises $10 Million in Series B Funding to Fuel Fintech Platform Expansion

Quovo, a Fintech company that leverages data to provide insights alongside connectivity for financial accounts, has raised $10 million in Series B funding.  Existing investors FinTech Collective and Long Light Capital were joined by F-Prime Capital and Napier Park Financial Partners to provide the capital…. Read More

Certua Says it Will Provide Real-Time Personal Financial Solutions Using Fintech

Certua is described as a Fintech platform that utilizes data to allow both individuals and advisers to benefit from financial planning solutions that automatically adjust as people’s lives change. The robo-life insurance service, expected to be the first service launched by the company, is intended… Read More

P2PFA Publishes Q1 Peer to Peer Lending Data: “Impressive Expansion in Lending Volumes”

The UK Peer to Peer Finance Association (P2PFA) has published its first quarter peer to peer lending data from its nine member platforms. The P2PFA reports that cumulative levels of lending neared £8.5 billion with loan originations in excess of £1 billion during the first… Read More

Lykke Adds Seamus Donoghue as Head of Singapore

Switzerland-based Fintech firm Lykke has announced it is “accelerating growth” by appointing Seamus Donoghue as Director of its Singapore office.  Lykke now has a presence in Switzerland, the UK, Cyprus, Vanuatu, the US and now Singapore.  Lykke is in the process of building a global… Read More

Innovate Finance Schedules Event on Cybersecurity in NYC

Innovate Finance, the association for UK’s global Fintech sector, is hosting a forum on cyber security during the inaugural Fintech Week in New York City. Entitled “The Threat is Real: Financial Services, FinTech and Cybersecurity” the event will take place on April 27th at the… Read More