November 15, 2019 @ 1:00 am By JD Alois  |  

In the midst of the Blockshow Asia Conference crypto industry representatives have announced a movement create an open protocol designed to comply with FATF  demands impacting VASPs or Virtual Asset Service Providers. According to a release, representatives of the Swiss-based Crypto Valley Association (CVA), International Digital… Read More

November 14, 2019 @ 4:43 pm By JD Alois  |  

The International Securities Services Association (ISSA), a Switzerland based association that promotes best practices in the securities sector, has added their voice to the emerging digital asset or crypto-asset sector. This includes security tokens, payment tokens (cryptocurrencies, stablecoins etc.) and utility tokens. In October 2018,… Read More

November 14, 2019 @ 3:13 pm By JD Alois  |  

Wefunder is the largest Reg CF (Regulation Crowdfunding) portal in the US. While having completed Reg D offerings in the past and the occasional Reg A+ offering, Wefunder is mainly a CF portal. A Wefunder spokesperson recently shared the below comment with Crowdfund Insider: “Wefunder… Read More

November 14, 2019 @ 12:08 pm By JD Alois  |  

Earlier this week there was a meeting of the Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee. During the meeting, the Committee discussed the SEC’s Concept Release on regulatory harmonization and several topics specifically. First, was the subject of access to capital… Read More

November 14, 2019 @ 10:50 am By JD Alois  |  

Danish Fintech Cardlay has raised $10 million funding led by SEB Bank and Seed Capital along with existing investors. Simultaneously, Cardlay has announced a new partnership with Eurocard, the largest issuer of corporate cards in Scandinavia. Mads Krumhardt, CEO of SEB Kort Bank – the… Read More

November 14, 2019 @ 10:32 am By JD Alois  |  

IPC, a secure trading and communications network for financial institutions, is adding a cryptocurrency platform through which IPC customers can create their own cryptocurrency Exchange-Traded Funds (ETFs). The new feature is via a partnership with ZoozBit. IPC has been anchored in the more traditional securities… Read More

November 14, 2019 @ 10:12 am By JD Alois  |  

Tandem Bank has hired the former HSBC Head of Banking Products Kunal Malani as Chief Growth Officer. The appointment comes at a time when the challenger bank is planning an expansion into Hong Kong. Ricky Knox, Tandem Bank CEO, said he was delighted to bring… Read More

November 14, 2019 @ 8:19 am By JD Alois  |  

Some cryptocurrency firms that were the target of the Securities and Exchange Commission Division of Enforcement may not be able to adhere to the agreed-upon settlements, according to WSJ.com. Paragon and Airfox are both mentioned in the report. The two companies were deemed to have… Read More

November 14, 2019 @ 8:09 am By JD Alois  |  

Overstock to Float New Shares, Seeks $150 Million Shares in Overstock (NASDAQ:OSTK) are tanking hitting 52-month lows following today’s earnings release and the revelation that the Securities and Exchange Commission has issued a subpoena in October in regards to the digital dividend and former CEO… Read More

November 14, 2019 @ 3:28 am By JD Alois  |  

SME online lender creditshelf says banks are becoming more skeptical about investing in small businesses in Germany. creditshelf claims that last year only every third company had problems with bank financing, now every second medium-sized company encounters resistance from its house bank. It has been… Read More

November 14, 2019 @ 2:19 am By JD Alois  |  

Norton Motorcycles, the 121-year-old legendary British motorcycle company, is planning to raise capital on Crowdcube. Norton Motorcycles UK Ltd is seeking £1 million to help fill product pipeline orders and to continue to innovate and develop its bikes. Additionally, the company states that the offering’s… Read More

November 13, 2019 @ 3:10 pm By JD Alois  |  

The European Crowdfunding Association (ECN), the leading advocacy group for online capital formation in Europe, has published a report on blockchain – distributed ledger technology (DLT) and use cases in alternative finance. The report adds a new acronym “BDLT” thus representing the combination of the… Read More

November 13, 2019 @ 12:14 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is working with financial industry partners to create a framework for financial institutions on the responsible adoption of Artificial Intelligence (AI) and Data Analytics (AIDA). The new framework has been given the name “Veritas.” The goal is to enable… Read More

November 13, 2019 @ 11:53 am By JD Alois  |  

Banco Sabadell, a bank based in Barcelona, has reached a partnership agreement with Nemuru – a Fintech that seeks to make it easier for professionals in the renovations sector to offer their customers instant loans at the point of sale. Banco Sabadell reports that the… Read More

November 13, 2019 @ 11:05 am By JD Alois  |  

The Independent Community Bankers of America (ICBA) has issued a statement of “strong support” regarding pending legislation targeting Industrial Loan Charters (ILC). An ILC is a regulated financial services charter that may be held by non-financial institutions. ILCs may hold FDIC insured deposits – a… Read More

November 13, 2019 @ 9:32 am By JD Alois  |  

Global tech giant Google is pushing further into Fintech with the revelation of a forthcoming consumer checking service. First reported in WSJ.com, Google is expected to partner-up with Citigroup, along with a small credit union at Stanford University, to provide checking accounts. The project is… Read More

November 13, 2019 @ 8:58 am By JD Alois  |  

Robocash Group is reporting that during Q3 of 2019 cumulative loan volume across their lending platforms amounted to $500 million. According to Robocash, in Q3 2019 Russia had 63% of all loans issued, Kazakhstan – 15% and Spain – 4%. At the same time, the… Read More

November 13, 2019 @ 8:35 am By JD Alois  |  

Online property finance platform LendInvest has announced the expansion of its services into Scotland. LendInvest will offer Buy-to-Let property financing as the “Scottish property market booms.” LendInvest states that recent research shows that property prices in Scotland have soared to an 11 year high, with… Read More

November 13, 2019 @ 4:10 am By JD Alois  |  

The Federal Reserve Bank of New York has published a presentation on Small Business Credit. The document indicates that small business optimism is near a 15 year high and demand for small-dollar loans (under $1 million) is robust yet these same small dollars loans have… Read More

November 13, 2019 @ 2:54 am By JD Alois  |  

The French Crowdfunding Association (Financement Participatif France or FPF) has appointed Jérémie Benmoussa, co-founder of Fundimmo, as Chairman replacing Stéphanie Savel. Savel chaired FPF for 3 years. She was also President of the WiSEED platform. In May of 2019, Savel left to focus on other… Read More