October 21, 2024 @ 4:14 pm By JD Alois  |  

Spanish bank Santander showed up to ring the closing bell at the New York Stock Exchange today to celebrate the launch of Openbank by Santander. Openbank is a digital-only bank powered by Santander. The company explains: Openbank, a division of Santander Bank, N.A., combines Santander’s… Read More

October 21, 2024 @ 11:16 am By JD Alois  |  

Global Fintech Wise (LSE:WISE) says it has expanded its global regulatory footprint as it provides transfers and payments around the world. Wise, based in the UK, has long been a top Fintech that streamlines the process of moving money around the world – typically faster… Read More

October 21, 2024 @ 9:24 am By JD Alois  |  

Magnetiq Bank has joined Fintech Hub LT – an association with a mission to support licensed Fintechs in Latvia and EEA countries. Fintech Hub LT also represents Latvia as a Fintech centre of innovation. AS Magnetiq Bank, based in Latvia, aims to support Fintechs, e-commerce,… Read More

October 18, 2024 @ 12:31 pm By JD Alois  |  

Silicon Prairie Holdings has added a new feature to its platform – a voting module for issuers to poll investors. Silicon Prairie is a full-stack online capital formation provider that also offers services like secondary transactions with an ATS and tools to manage cap tables,… Read More

October 18, 2024 @ 11:54 am By JD Alois  |  

Crypto money is pouring into the state of Ohio to defeat Democrat Senator Sherrod Brown. Seen as a winnable seat by Republicans, Senator Brown is currently the Chairman of the Senate Banking Committee and widely known as someone who is anti-crypto and against Fintech in… Read More

October 18, 2024 @ 8:04 am By JD Alois  |  

Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple  reported… Read More

October 17, 2024 @ 11:24 am By JD Alois  |  

Selma, an artificial intelligence (AI) firm raising growth capital on Republic Europe (formerly Seedrs), has easily surpassed its funding target as the securities offerings nears its close. According to the offering page, Selma now stands at €1.844 million on a target of €750,000. To date,… Read More

October 17, 2024 @ 11:07 am By JD Alois  |  

Last week, the European Payments Commission (EPC) posted the Verification of Payee (VOP) scheme rulebook following a public consultation. The rulebook is for payment service providers (PSPs) in the Single Euro Payments Area (SEPA). This applies to the EU Instant Payments Regulation (IPR) and the… Read More

October 17, 2024 @ 10:11 am By JD Alois  |  

Venture funding of Fintechs bounced along during Q3 2024, declining from Q2 and nowhere near more robust activity in recent years. This is according to S&P Global Markets, which reports that Fintech startups globally saw 370 funding rounds worth $6.4 billion in the third quarter… Read More

October 17, 2024 @ 9:00 am By JD Alois  |  

Zelle is reporting that consumers and small businesses moved $481 billion in the first half of 2024. Zelle is a payments and transfers services that was launched by a consortium of many banks. The feature is designed to compete with the growing number of alternatives… Read More

October 17, 2024 @ 8:44 am By JD Alois  |  

The European Central Bank (ECB) has lowered benchmark rates by 25 basis points. The move was widely anticipated as the central bank adjusts to the changing economic environment. The consensus was driven by recent inflation data that drove a shift in opinion from market watchers…. Read More

October 16, 2024 @ 12:16 pm By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, says the number of firms raising money on its platform has more than doubled in just one year. StartEngine reports that 69 issuers signed in Q1 of 20224, with 148 following in Q2 and… Read More

October 16, 2024 @ 11:36 am By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee Meeting (SBCFAC) has scheduled its next meeting for November 13th. While no agenda has been made available, one probable topic is the recent publication of the SEC’s Small Business Forum Report. The recommendations provided to the Commission… Read More

October 16, 2024 @ 11:07 am By JD Alois  |  

At the end of this month (October 30), the Labour government will reveal its economic plan during the Autumn Budget presented to Parliament. The Chancellor of the Exchequer, Rachel Reeves, who has been in charge since this past July, will share how Labour will address… Read More

October 16, 2024 @ 7:45 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has joined the growing number of regulatory/innovation entities by launching a Fintech Sandbox to support the development of digital assets. Just about everyone acknowledges that at some point, all securities will be digital—potentially enhanced with codable or “smart”… Read More

October 15, 2024 @ 6:03 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) recently shared an update on smaller firms and their concerns regarding policies that impact these businesses. The SBE Council reports that smaller firms are worried about the looming expiration of the Tax Cuts and Jobs Act (TCJA)… Read More

October 15, 2024 @ 11:34 am By JD Alois  |  

Yesterday during the UK International Investment Summit, the government announced multiple new investments as well as new initiatives. The British Business Bank, a public-private vehicle designed to support UK firms, commented on some of the announcements. Louis Taylor, CEO of the British Business Bank, said… Read More

October 15, 2024 @ 10:18 am By JD Alois  |  

Late last month, Senator Tim Scott, the ranking Member of the Senate Banking Committee, introduced new legislation that aims to support smaller businesses and entrepreneurs while providing smaller investors with access to more opportunities. The Empowering Main Street in America Act of 2024 seeks to improve access… Read More

October 15, 2024 @ 8:56 am By JD Alois  |  

Goldman Sachs (NYSE:GS) delivered solid results this morning, and the shares are responding in early trading. For Q3, Goldman reported top-line revenue of $12.7 billion and net income of $2.99 billion. For the nine-month period, Goldman announced revenue of $39.64 billion and net income of… Read More

October 14, 2024 @ 9:13 am By JD Alois  |  

Stating that the UK International Investment Summit is looking like a “publicity stunt, “Douglas Grant, Group CEO of Manx Financial Group, said they welcome the gathering but it raises some concerns. The event is arriving several weeks before the Labour government’s budget reveal which are… Read More