June 5, 2024 @ 10:35 am By JD Alois  |  

Yesterday, the Bank for International Settlements (BIS) revealed Project Rialto, a review of the potential for wholesale digital currency or using central bank digital currency (CBDC) in the settlement process for foreign exchange. BIS said that decentralized processes using interlinked payment infrastructures might be considered… Read More

June 5, 2024 @ 9:38 am By JD Alois  |  

Qonto (the commercial name of Olinda SAS) has topped 500,o00 customers, according to a note from the firm. Qonto is a licensed payment institution authorized by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR). The company partners with regulated banks such as Crédit… Read More

June 5, 2024 @ 9:02 am By JD Alois  |  

Sipay, a company that claims to be the fastest-growing Fintech in Turkey, is reporting a $15 million Series A funding round. Sipay states that investors participating in the round include Jitendra Gupta of Citrus Pay and Jupiter, Amrish Rau of Pine Labs, Kunal Shah of… Read More

June 5, 2024 @ 7:47 am By JD Alois  |  

Yesterday (June 4), the Bank for International Settlements (BIS) announced Project Rialto, an initiative that aims to review how instant cross-border payments could be improved using a “modular foreign exchange (FX) component combined with settlement in wholesale central bank digital currencies (CBD).” BIS said improving… Read More

June 4, 2024 @ 9:45 pm By JD Alois  |  

Open-ended real estate mutual funds in Germany have experiend net outflows of funds for the ninth time in a row in April, according to Barkow Consulting. The outflow amounted to €481 million, the highest figure in over six years (August 2017). Total outflows now amount… Read More

June 4, 2024 @ 12:31 pm By JD Alois  |  

Abrigo has announced a commercial loan origination tool for SME lending. Abrigo Small Business Lending is said to leverage AI to help banks and credit unions boost their small business loan portfolios. The automated loan processing is said to provide a transparent, AI-powered loan scoring… Read More

June 4, 2024 @ 10:19 am By JD Alois  |  

Watford FC, a Premier League football (soccer) team, is selling shares to investors on Republic and Seedrs. Republic is the largest investment crowdfunding platform in the world. Its acquisition of UK-based Seedrs cemented its top position. The relationship between the two platforms has fostered a… Read More

June 4, 2024 @ 9:51 am By JD Alois  |  

Bitpanda, a European Fintech company that specializes in crypto, has announced a partnership with Deutsche Bank regarding payments. Bitpanda states that Deutsche Bank will provide real-time payment services for its users. Deutsche Bank will also provide local IBAN numbers for deposits for German Bitpanda users. This… Read More

June 3, 2024 @ 4:16 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is launching a new public directory to detect repeat offenders. The agency notes that while many financial services firms are widely known, and thus any alleged transgressions are reported, there are many firms that do not hit the public… Read More

June 3, 2024 @ 3:45 pm By JD Alois  |  

Cyabra, a proactive artificial intelligence solution designed to sniff out fake news and other bogus information, such as fake profiles, has posted a report on the forthcoming Presidential election and the activity of fake campaigns targeting the Biden and Trump campaigns. According to the report,… Read More

June 3, 2024 @ 11:11 am By JD Alois  |  

Insurtech Cover Whale Insurance Solutions, Inc. has hired Rachael Dugan as its first General Counsel & Corporate Secretary. The company states that Dugan will lead all legal, compliance, corporate governance and regulatory affairs matters for the company and report directly to CEO Dan Abrahamsen. She… Read More

May 31, 2024 @ 10:32 am By JD Alois  |  

The  Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has scheduled a hearing to review the tokenization of real-world assets (RWA). Typically, this entails utilizing blockchain (or DLT) technology to turn assets into digital assets.  While traditional securities… Read More

May 30, 2024 @ 11:48 am By JD Alois  |  

SEC Commissioner Hester Peirce has publicly shared a comment on a consultation in the UK. Launched last April, the proposal is for a Digital Securities Sandbox (DSS) initiated by the UK Financial Conduct Authority and the Bank of England. The deadline for feedback from interested… Read More

May 30, 2024 @ 10:35 am By JD Alois  |  

Republic, the largest investment crowdfunding company in the world, has revealed a partnership with niche crowdfunding platform RedCrow. RedCrow is an online investment platform that invests in early-stage healthcare firms. It is part of Alira Health, a healthcare consulting firm. Details of the relationship were not… Read More

May 30, 2024 @ 9:47 am By JD Alois  |  

Doconomy is reporting a €34 million Series B funding round led by S&P Global, UBS Next, and CommerzVentures. S&P is a new investor, and other existing investors who participated in the funding round include Motive Ventures, PostFinance, and Tenity. Doconomy is an “impact Fintech” that… Read More

May 29, 2024 @ 3:18 pm By JD Alois  |  

While the US Congress has a pending ban on China-owned TikTok (ByteDance), if the company is sold to a US entity, it may still operate in the country. The fear is the tendrils of the Chinese Communist Party are utilizing TikTok to garner data from… Read More

May 29, 2024 @ 11:48 am By JD Alois  |  

SeedBlink, a European securities crowdfunding provider approved under ECSPR, has announced an updated platform—an all-in-one equity management and investment platform. SeedBlink aims to boost equity ownership in Europe, which lags behind compared to US investors. SeedBlink says the updated platform will allow issuers and investors to… Read More

May 29, 2024 @ 11:26 am By JD Alois  |  

Digital asset firm Uphold is now offering a white-label service for issuers and other platforms to leverage digital assets. The crypto exchange is said to serve “millions” of customers in over 14 different countries. The Uphold-as-a-Service is said to offer services beyond digital asset offerings,… Read More

May 29, 2024 @ 10:13 am By JD Alois  |  

Crowdcheck is one of the foundational firms that entered the securities crowdfunding sector, supporting issuers and platforms that enable online capital formation. Crowdcheck is probably the top legal services firm preparing Reg A+ documents for issuers, which the Securities and Exchange Commission must qualify for… Read More

May 29, 2024 @ 9:23 am By JD Alois  |  

While everyone knows that digital securities are the future, the path to shift from the analog past to the digital asset future has been a circuitous path. Today, DTCC, Euroclear, and Clearstreem have announced they are working with the Boston Consulting Group to produce a… Read More