October 21, 2019 @ 1:35 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the Judge School of Business at Cambridge University, has partnered with the World Bank to publish a report on the global regulation of alternative finance and innovative Fintech firms. According to the new report, the regulation… Read More

October 21, 2019 @ 11:39 am By JD Alois  |  

Today, 12 Canadian Fintech firms are in the UK on a 5-day trade mission led by the UK Department of Internation Trade (DIT). The visit is part of an initiative in support of these Fintechs seeking to enter the UK market. According to DIT, the… Read More

October 21, 2019 @ 10:21 am By JD Alois  |  

Goodbox has hit its funding goal of £1 million on Seedrs and now over funding. The funding round is part of a larger Series A round from earlier this year. Crowd investors are receiving the same terms as the institutional round. Goodbox is raising equity… Read More

October 21, 2019 @ 8:24 am By JD Alois  |  

Vilnius, the capital of Lithuania, is topping far more established innovation hotbeds when it comes to tech startups and greenfield Foreign Direct Investment (FDI) projects, on a per capita basis. According to the Financial Times’ fDi Intelligence division, Vilnius beat out Tel Aviv, Singapore and… Read More

October 21, 2019 @ 1:20 am By JD Alois  |  

EY recently published its annual Fintech Adoption Index ranking 27 different countries on their willingness to part with traditional financial services and migrate to the new, shiny of digital financial services. Or, perhaps, Fintech services have simply filled a void providing a service where previously… Read More

October 20, 2019 @ 12:44 pm By JD Alois  |  

EY has recently published its Fintech Adoption Index and the consulting group has published a note on the rate of adoption in Canada. According to EY, Canadian consumer Fintech adoption has jumped from 17% in 2017 to 50% today. Ron Stokes, EY Canada Fintech Leader,… Read More

October 19, 2019 @ 2:12 pm By JD Alois  |  

For the fourth year in a row, EY Australia has partnered with Fintech Australia to publish a “census” on the status of the Fintech industry. The census is the result of a survey of 120 different Aussie Fintechs. In this year’s report, EY states that… Read More

October 18, 2019 @ 6:12 pm By JD Alois  |  

Curve, a popular Fintech app that enables a single card to manage all of your credit cards, has updated its brand. “Our old brand simply wasn’t cutting it. It was too bland for our colourful product. We’re too bold for the swamp of boring banker… Read More

October 18, 2019 @ 12:54 pm By JD Alois  |  

Yesterday, the BBC program “Watchdog Live” reported on alleged problems at digital bank Monzo where customers have been blocked from accessing their accounts. “we’ve been contacted by quite a few customers saying they have had their accounts frozen with no explanation, so all of a… Read More

October 18, 2019 @ 12:08 pm By JD Alois  |  

Telegram has responded to the Securities and Exchange Commission’s enforcement action revealed last week. On October 11, the SEC filed an emergency action and obtained a temporary restraining order against Telegram. The SEC targeted an alleged unregistered, ongoing digital token offering in the U.S. and… Read More

October 18, 2019 @ 9:22 am By JD Alois  |  

Pan European peer to peer lender EstateGuru has launched a secondary market for their loans, according to a note from the company. Investors may now buy and sell the securities online. EstateGuru is a peer to peer market for short term, property-backed loans for SMEs…. Read More

October 18, 2019 @ 8:21 am By JD Alois  |  

European payment Fintech Lemon Way has announced a signed agreement to receive a €25 million investment from Toscafund Asset Management LLP. Details of the investment were not provided. The investment is subject to regulatory approvals. Toscafund is a London-based multi-asset alternative investment management firm with… Read More

October 17, 2019 @ 8:27 pm By JD Alois  |  

Lime FS Pty Ltd has agreed to shut down “digital advice tools” following concerns raised by the Australian Securities and Investment Commission (ASIC). According to ASIC, Lime has voluntarily shut down two digital advice referenced as robo advice. Lime FS’ corporate authorised representatives, Plenty Wealth… Read More

October 17, 2019 @ 12:15 pm By JD Alois  |  

The Swiss Federal Council received an update yesterday regarding the topic of stablecoins and Facebook’s Libra specifically. According to a post on the Swiss government website, Switzerland will continue to actively monitor discussions on new digital technologies such as blockchain/DLT and the country is generally… Read More

October 17, 2019 @ 11:41 am By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has posted an update regarding several leadership positions including the new Task Force on Fintech and Task Force on Artificial Intelligence. The following Representatives are now taking the designated leadership roles: Ranking Member… Read More

October 16, 2019 @ 8:24 pm By JD Alois  |  

The U.S. Commodity Futures Trading Commission has filed a civil enforcement action against David Gilbert Saffron and Circle Society Corporation, based in Nevada. The CFTC alleges fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme Saffron operated through Circle Society…. Read More

October 16, 2019 @ 10:46 am By JD Alois  |  

ID Finance has crowdfunded £1.5 million “within minutes” according to a note from the company. ID Finance is seeking £2 million on Crowdcube. According to the offering page, ID Finance has received the backing of 248 investors hitting  76% of the target raise. ID Finance… Read More

October 16, 2019 @ 10:08 am By JD Alois  |  

Stifel Financial Corp. (NYSE: SF) has taken a minority stake in global crowdfunding platform OurCrowd. Details on the investment were not provided. The Israel based investment marketplace is the largest of its kind in the world having received over $1.28 billion of investment commitments while… Read More

October 16, 2019 @ 9:36 am By JD Alois  |  

Project Crowd, an “AI recruitment platform,” has listed a security token offering (STO) on WeOwn. This is WeOwn’s first STO. According to a release, after launching a private fundraising round through the WeOwn platform in September, Project Crowd is now open to public investment, with… Read More

October 15, 2019 @ 10:52 pm By JD Alois  |  

Google has banned high-interest rate lenders from the Google Play app store. First reported by WSJ.com, the move was said to be made to protect people from “exploitive personal loan terms.” The report quoted a Google spokesperson: “Our Google Play developer policies are designed to… Read More