May 19, 2019 @ 9:47 pm By JD Alois  |  

Last week, Comptroller of the Currency Joseph Otting testified in front of the House Financial Services Committee. The hearing was entitled, “Oversight of Prudential Regulators: Ensuring the Safety, Soundness and Accountability of Megabanks and Other Depository Institutions.” The Office of the Comptroller of the Currency… Read More

May 19, 2019 @ 5:24 pm By JD Alois  |  

The Securities Commission Malaysia (SC) has updated crowdfunding rules to better fit the emerging market of online capital formation while announcing the approval of multiple new platforms targeting different sectors of digital finance. During a routable organized by the SC which included the participation of… Read More

May 18, 2019 @ 4:48 pm By JD Alois  |  

Recently Crowdfund Insider encountered a successful service that is not exactly a high profile business in the Fintech world. Back office fund management provided by Assure Services. What we did not realize is that many Fintech platforms are outsourcing their fund management so they may… Read More

May 18, 2019 @ 4:17 pm By JD Alois  |  

Earlier this week, Patrick Byrne, CEO and founder of Overstock  (NASDAQ:OSTK), filed a Form 4 indicating a sale of 900,000 shares in his company.  Apparently, the masses slammed the sale demanding answers. Simultaneously the price of Overstock swooned on the news. Yesterday, in a Dear… Read More

May 18, 2019 @ 11:30 am By JD Alois  |  

The Certua Group, a deep data company targeting financial services, has acquired Insurtech the Surely Group. Surely provides a cloud-based, multi-lingual and multi-currency Software-as-a-Service (SaaS) product that allows a user to obtain a quote for an insurance product, buy the product and manage the product… Read More

May 18, 2019 @ 10:43 am By JD Alois  |  

Digital bank Revolut has grand plans to expand its services around the world. Based in the UK, the Fintech now serves over 4 million customers in the European Economic Area (EEA), Switzerland, and Australia. A Fintech Unicorn, Revolut has not been shy about its intent… Read More

May 17, 2019 @ 12:46 pm By JD Alois  |  

The Wall Street Blockchain Alliance (WSBA) has published a response to the recent guidance on digital assets from the Securities and Exchange Commission (SEC). In early April, the SEC, Division of Corporate Finance, issued its first No-Action letter (NAL) to Turnkey Jet pertaining to the… Read More

May 17, 2019 @ 10:43 am By JD Alois  |  

Bitcoin has reversed its recent bull run to a new 12 month high of around USD $8000 to now hovering just above USD $7000. The gut churning reversal is being blamed by some as being caused by a huge sell order accepted and executed on… Read More

May 17, 2019 @ 8:54 am By JD Alois  |  

France is becoming a hotbed of crypto innovation. The French government will soon finalize law that will create a regulated path for initial coin offerings that issue utility tokens (ie not securities).  Policy movement like this is only possible with the explicit support of public… Read More

May 17, 2019 @ 7:53 am By JD Alois  |  

Billon Solutions, a subsidiary of Billon Group in the UK, has signed a cooperation agreement with the Center for Research on Legal Aspects of Blockchain Technology, operating at the Faculty of Law and Administration of the University of Warsaw. According to Billon, the agreement will… Read More

May 17, 2019 @ 7:13 am By JD Alois  |  

Competition for Robo Advisors Raisin, a Fintech that provides better access to higher interest rates for savers, is expanding the line of its services with a new product that will make investing easier for everyone. First starting on Weltsparen, Raisin’s platform serving Germany, the company… Read More

May 17, 2019 @ 2:03 am By JD Alois  |  

Swarm, an infrastructure provider for the issuance and trading of digital assets, has decided to use Copper as its preferred digital asset custodian. In a release, Swarm said the integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading… Read More

May 17, 2019 @ 1:50 am By JD Alois  |  

illimity, a banking start-up listed on Borsa Italiana’s MTA exchange, has formed a partnership with Raisin, Fintech marketplace for online savings and investments in Europe. illiminity is a “new generation Italian bank” formed by the merger between SPAXS and Inter-provincial Bank. It plans to reach… Read More

May 16, 2019 @ 1:45 pm By JD Alois  |  

Regulation Crowdfunding, commonly called Reg CF, celebrates a birthday today. On May 16, 2016, the Securities and Exchange Commission (SEC) allowed issuers to use the securities exemption to raise capital online from both FINRA approved “funding portals” as well as broker-dealers. Part of the JOBS… Read More

May 16, 2019 @ 11:26 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled a Fintech Forum to take place at the end of this month at their headquarters in Washington, DC. Blockchain and digital assets will be the main topic of discussion. But while interest in the event, which will… Read More

May 16, 2019 @ 10:54 am By JD Alois  |  

Blockstack has filed an updated Form 1-A to utilize Reg A+ to raise up to $50 million in a tokenized security offering. Blockstack will be issuing “Deferred Delivery Agreement for Stacks Tokens.” According to the Blockstack Offering Circular: Blockstack, is offering up to 295 million… Read More

May 16, 2019 @ 10:39 am By JD Alois  |  

MultiVu, a tech company creating 3D imaging solutions, has closed on a $7 million seed round led by OurCrowd – Israel’s most active venture investor. OurCrowd was joined by Cardumen Capital and Hong Kong-based investment firm Junson Capital. MultiVu said it intends to use the… Read More

May 16, 2019 @ 10:25 am By JD Alois  |  

Australian Fintech Prospa has announced its intent to complete an initial public offering (IPO) on the ASX on June 11, 2019. Prospa was founded by Greg Moshal and Beau Bertoli in 2012 with seed funding from Entrée Capital. The online lender originated its first loan… Read More

May 16, 2019 @ 8:41 am By JD Alois  |  

NEM (XEM) has bounced solidly in the last few days rising by around 48% in value, according to Coinmarketcap. Of course, the broader crypto market has recently experienced a resurgence in investor interest as crypto stalwart Bitcoin has doubled in value from recent month lows…. Read More

May 16, 2019 @ 8:21 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has long pursued and promoted beneficial Fintech innovation. One very important, and perhaps underappreciated subcategory of Fintech is Regtech or regulation technology. While some jurisdictions have been slow to research the potential for digital regulation and compliance, the FCA… Read More