JD Alois

EY: Initial Coin Offerings from 2017 Sink as 86% are Below ICO Listing Price

Those high-flying initial coin offerings (ICOs) that launched in 2017 have lost their luster, according to a report by EY. The global consultancy firm has recently published a report that states in the first half of 2018, 86% of the leading ICOs that listed on… Read More

Lawless, ill-Conceived, and Destabilizing of Financial Markets: New York Department of Financial Services Sues OCC Over Fintech Charter

Lawless, ill-conceived, and destabilizing of financial markets. While most level headed individuals will have the opinion this statement best describes the New York Department of Financial Services (NY DFS) and their anti-Fintech point of view, think again. This is how the DFS describes the Office… Read More

JP Morgan Goes Big in Silicon Valley with Fintech Campus

Following the acquisition of WePay back in 2017, JP Morgan Chase is building upon its Fintech venture with a new Fintech campus in Silicon Valley, according to multiple reports. According to a blog post on WePay, a prominent Fintech in the payments space, JPM will… Read More

UK MP Stephen Hammond to Advise Cryptocurrency Exchange IronX

Stephen Hammond, a Member of Parliament and current Member of the UK Treasury Select Committee, has agreed to advise IronX on government relations.  IronX is a cryptocurrency exchange that “aims to bring crypto trading to the mass retail market. IronX has also reported the successful… Read More

LendingClub and Intuit Form Partnership to Speed Up Borrowing Process

Leading marketplace lending platform LendingClub (NYSE:LC) has partnered with Intuit (NASDAQ:INTU) and their Turbo product to speed up the borrowing process. According to the two companies, TurboTax data can now automatically flow directly into the LendingClub loan application and thus the borrowers may bring their… Read More

NASAA Publishes Annual Enforcement Report, Adds Operation Cryptosweep as Focus

The North American Securities Administrators Association (NASAA), the group that represents state, provincial and territorial securities regulators, has published their annual enforcement report for 2017. Each year, NASAA correlates a summary of all the legal actions, including penalties and criminal prosecution from the US, Canada and… Read More

French Crowdfunding Association Alludes to Troubled Online Lending Platform

The Financement Participatif France (FPF), the French Crowdfunding Association, has published an interesting blog post this week. According to the FPF, there are rumors which have been published about a distressed online lending platform. The FPF does not mention any platform names. Today, there are over 60… Read More

SEC Enters Final Judgement Against Richard J. Greenlaw, Who Created 20 Different Cannabis Companies and Raised Money on Craigslist

The Securities and Exchange Commission has obtained final judgement against Richard J. Greenlaw, a founder of a medical marijuana company. According to the SEC, Greenlaw created 20 affiliated entities and then raised $500,000 from investors by using Craigslist – the popular online classified site. The twenty cannabis-related… Read More

SEC Launches New “FinHub” for Innovation and Financial Technology

The Securities and Exchange Commission (SEC) has launched a new “FinHub” described as a strategic hub for innovation and financial technology or Fintech. According to the SEC, the FinHub will serve as a resource for public engagement on the SEC’s Fintech related issues and initiatives. These… Read More

North Dakota Securities Commissioner Issues Cease & Desist to Multiple Initial Coin Offerings

Last week, the North Dakota Securities Commissioner Karen Tyler issued three separate Cease & Desist (C&D) orders against three initial coin offerings (ICOs). The new C&Ds are part of an ongoing initiative by the Commissioner and the Department’s ICO Task Force which is investigating questionable… Read More

Big Ten: The SEC Schedules Annual Government-Business Forum at Ohio State

The Securities and Exchange Commission (SEC) has scheduled the annual Government-Business Forum on Small Business Capital Formation for this coming December and this year they are taking the event to the Buckeye state. The SEC announced today the Forum will be held at the Ohio State… Read More

Legaltech iDisclose to Add Reg A+ Services to Existing Reg D, Reg CF Software

iDisclose, a Legaltech firm that currently provides streamlined solutions to complete both Reg D and Reg CF securities offerings, will soon add Reg A+ to its list of services. iDisclose has announced a new partnership with Ketsal Consulting, a firm comprised of former big law… Read More

NatWest Launches Blockchain based Syndicated Loan Market to Address £3.5 Trillion Global Market

NatWest has announced the launch of a syndicated loan market built on blockchain. The goal is to “dramatically transform and streamline the global syndicated loans market.” NatWest partnered with Fusion LenderComm, a platform built by Finastra. The new platform will go-live in November. NatWest notes… Read More

CrowdProperty: We Have Repaid £10 Million with 100% Payback Record

Peer to peer property lender, CrowdProperty say they have now repaid over £10,000,000 to lenders. The online lender reports they continue to hold a 100% capital and interest payback track record. According to CrowdProperty CEO, Mike Bristow, the £10,088,967 paid back includes £9,221,876 capital and… Read More

Fintech Bridge: UK Sends Large Fintech Delegation to Australia for SIBOS, Intersekt

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

Colorado Issues Two Cease & Desist Orders for ICOs Selling Unregistered Securities: DavorCoin and Cyber Capital Invest

The Colorado Division of Securities posted a note this week about issuing “final” Cease & Desist orders pertaining to two companies promoting initial coin offerings (ICOs). The C&D referenced selling un-registered securities in the state. Davor, offering the DavorCoin, and Cyber Capital Invest, offering CCI… Read More

Origin Protocol Launches Mainnet Beta, the Market is Open

Origin Protocol, a blockchain based company that issued a token on CoinList and then raised money from outside the US with a public sale, has launched their platform that is designed to create the “backbone for decentralized peer to peer commerce.” Origin said they expected… Read More

Payments Fintech Azimo to Offer Service to SMEs

Digital payments Fintech Azimo says it will allow SME owners across the UK and Europe to pay for goods, salaries and investments in 189 countries and territories beginning this week. Azimo claims it will undercut most pricing by banks by at least 75%. The service… Read More

Crowdfunding in France: Alternative Finance Jumps 59% in First 6 Months of 2018, Equity Crowdfunding Sinks

Recently, KPMG and Financement Participatif France (FPF – The French Crowdfunding Association) published a report pertaining to crowdfunding sector performance during the first half of 2018. The term crowdfunding relates to both debt and equity online capital formation, similar to many other parts of the… Read More

GTR Ventures Portfolio Companies, TFM and Incomlend, Partner on Blockchain to Reduce Finance Fraud

Two GTR Ventures portfolio companies have joined to create a blockchain application designed to eliminate invoice financing fraud. The two Fintechs, global invoice discounting platform Incomlend, has adopted Invoice Check – a blockchain application developed by Trade Finance Market (TFM). The companies state that invoice… Read More

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