February 27, 2024 @ 11:27 pm By JD Alois  |  

UK consumers can take advantage of savings rates of more than 5%, yet some remain stuck at financial institutions that offer far lower returns. After publicly chastising firms that fail to pass on higher rates to savers, the UK Financial Conduct Authority is now launching… Read More

February 27, 2024 @ 8:28 pm By JD Alois  |  

Fintech Australia is hosting a new event – Fintech Net Zero. The goal is to highlight the sector’s sustainability qualities. Fintech Australis is the association that advocates on behalf of all forms of Fintech in the country. According to a note distributed by the group,… Read More

February 27, 2024 @ 1:47 pm By JD Alois  |  

Private securities marketplace EquityZen has issued a report that notes 28% of unicorns are now trading at less than $1 billion. These former unicorns have been impacted by the overall decline in markets as well as a stumbling economy, which has impacted valuations and access… Read More

February 27, 2024 @ 10:07 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says that going forward, it will strive to provide more transparency in enforcement cases. At the same time, enforcement cases are expected to be resolved more rapidly. For cases where “no outcomes are achievable,” these will be closed more… Read More

February 27, 2024 @ 9:27 am By JD Alois  |  

Finland-based Enfuce, a card issuer and payment processor, says it has been approved to operate in the UK with an E-money license (EMI). Frequently, Fintechs in the UK will leverage the license to provide more banking services. The company says this is a key moment… Read More

February 27, 2024 @ 9:13 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now offering US stock trading as part of its platform. The company highlighted the benefits of this new service, including a USD $ 3.88 commission – during a promotional period, real-time quotes… Read More

February 27, 2024 @ 9:05 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, saw its shares rocket higher almost 17% yesterday, nearing 52-week highs. The rally is poised to continue today as in pre-market trading, shares are up by almost 7% – which means Coinbase may open at over… Read More

February 27, 2024 @ 12:01 am By JD Alois  |  

Palatine Growth Credit Fund has reached its first close of £75 million. The Fund will lend to high-growth UK companies in the Fintech sector as well as cyber, SaaS, Medtech/Healthtech, AI, and more. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank,… Read More

February 26, 2024 @ 12:40 pm By JD Alois  |  

Cross River says it has launched its “investment banking strategy,” describing the initiative as a significant milestone in the company’s history. The company said it will now assist its clients in achieving their goals by advising them on decisions like mergers and acquisitions, capital markets… Read More

February 26, 2024 @ 11:59 am By JD Alois  |  

Anchorage Digital, home to a federally chartered digital asset bank, says its institutional self-custody digital wallet Porto is now fully available for users. The company has described this as their biggest news since it received its bank charter in 2021. Anchorage states that their customers… Read More

February 26, 2024 @ 11:43 am By JD Alois  |  

The CfPA (Crowdfunding Professional Association ) Board of Directors has distributed a note on the adoption of its recommendations regarding best practices. According to the CfPA, the Board is now recommending that members use the term “Regulated Investment Crowdfunding.” President of CfPA Brian Christie issued… Read More

February 26, 2024 @ 11:30 am By JD Alois  |  

The US Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled its next meeting to take place on March 7th. One of four advisory committees, the IAC aims to provide the Commission with advice, and recommendations from the perspective of the investor. Created… Read More

February 26, 2024 @ 11:18 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF),  Cambridge SupTech Lab, has shared a survey on the adoption of Suptech or Supervisory Technology, showing an increase in initiatives.  CCAF and the Lab are both part of the Cambridge Judge Business School. CCAF is the leading global… Read More

February 23, 2024 @ 4:56 pm By JD Alois  |  

Binance, the largest crypto exchange in the world, must pay $4.3 billion in penalties in a settlement previously announced. According to multiple reports, the judge handling the case approved the guilty plea and the penalty.  The settlement was revealed last November and included the exit… Read More

February 23, 2024 @ 2:49 pm By JD Alois  |  

WiseAlpha, an online investment platform providing access to corporate bonds based in the UK, is raising money on Crowdcube. Offered to both EU and UK investors, WiseAlpha has already topped its initial funding hurdle of £500,000. As of today, £1.05 million has been raised from… Read More

February 23, 2024 @ 9:47 am By JD Alois  |  

The European Central Bank (ECB) has published a critical report on Bitcoin. The report follows the approval of Bitcoin ETFs in January by the US Securities and Exchange Commission. In a blog post by Ulrich Bindeil, DG of Market Infrastructure & Payments at the ECB,… Read More

February 22, 2024 @ 3:13 pm By JD Alois  |  

The European Union has doled out the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to Frankfurt, Germany. According to the EU, nine member states were in the running for the new bureaucracy. The competing cities included; Belgium (Brussels), Germany (Frankfurt),… Read More

February 22, 2024 @ 12:35 pm By JD Alois  |  

Congressman Warren Davidson has taken to X to criticize Central Bank Digital Currency (CBDC), describing these types of digital assets as an “existential threat to Western civilization.”   Central Bank Digital Currency (CBDC) is an existential threat to western civilization.@FinancialCmte passed a bill to ban… Read More

February 22, 2024 @ 11:17 am By JD Alois  |  

While the Securities and Exchange Commission (SEC) may be trying to make it more difficult to be deemed an Accredited Investor, thus disenfranchising more individual investors, recently legislation was introduced into the US Senate that would broaden the definition. S 3709, or the “Investment Opportunity… Read More

February 22, 2024 @ 8:40 am By JD Alois  |  

While SyndicateRoom is not posting all portfolio returns for individual firms for their various vintages, the online investment platform is selecting some of the most successful offerings as per current valuations. First, SyndicateRoom reports that their 2020 vintage is up by 47%, their  2021 cohort… Read More