January 22, 2024 @ 2:42 pm By JD Alois  |  

Online lender ThinCats has received more funding from Fintex Capital. This is financed by Fintex Specialty Finance UK, the firm’s flagship discretionary investment fund. According to a note from the firm, Fintex has added to an existing mezzanine facility with ThinCats. Fintex has added £5… Read More

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

loanDepot (NYSE: LDI), a top mortgage issuer and originator in the US, remains under attack following an incident revealed on January 8th. Today, loanDepot states that records, including sensitive personal information, have been accessed by bad actors, including 16.6 million individuals. loanDepot states that it… Read More

January 22, 2024 @ 9:36 am By JD Alois  |  

  The British Business Bank says its Recovery Loan Scheme (RLS) has supported £1 billion of finance offers to smaller businesses since its launch in August 2022. Launched in 2014, the British Business Bank is the UK government’s economic development bank. The Recovery Loan Scheme… Read More

January 22, 2024 @ 9:23 am By JD Alois  |  

Spectrum Markets has become a member of the  German Federal Association of Investment Firms (Bundesverband der Wertpapierfirmen (bwf)) Spectrum Markets is a wholly owned subsidiary of the IG Group (LSEG: IGG). Regulated by BaFin, the company is a pan-European trading venue for securitized derivatives aimed… Read More

January 19, 2024 @ 4:46 pm By JD Alois  |  

Donald Trump touched on the topic of Central Bank Digital Currency (CBDCs) recently, and he is no fan of the concept. A digital dollar is being discussed at the US Federal Reserve and on  Capitol Hill in general. The Fed has been partnering with MIT… Read More

January 19, 2024 @ 11:31 am By JD Alois  |  

In the ongoing push to offer smaller investors greater access to assets typically reserved for the wealthy, Seedrs has announced it will be offering Venture Capital Trusts (VCTs). VCTs are closed-end fund-like vehicles that invest in private firms. VCTs trade on the London Stock Exchange…. Read More

January 19, 2024 @ 10:14 am By JD Alois  |  

The Moroccan Capital Markets Authority (AMMC) has published a new guide on crowdfunding. The guide is to help market participants understand the regulatory and legal requirements to operate under the new framework. According to the AMMC: “The new handbook presents a summary of the main… Read More

January 19, 2024 @ 9:12 am By JD Alois  |  

While London remains the top European financial center, Brexit has put pressure on this status. This has created opportunities for other European financial centers, but the question remains: do they have the capacity and ability to act and gain traction? Today, the Autorité des Marchés… Read More

January 18, 2024 @ 6:48 pm By JD Alois  |  

The European Banking Authority (EBA) has shared its guidance on money laundering (ML) and terrorist financing (TF) for crypto asset service providers (CASPs). All banks must adhere to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, and crypto firms are no different. The… Read More

January 18, 2024 @ 1:19 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) was at Davos, Switzerland, today to present their latest findings on the Fintech revolution at the World Economic Forum.  The Future of Global Fintech: Towards Resilient and Inclusive Growth was published this month and introduced today, outlining… Read More

January 18, 2024 @ 11:36 am By JD Alois  |  

The Canadian Securities Administrators (CSA) have issued a call for comment on proposed regulations for funds that invest in crypto. CSA Notice and Request for Comment – Proposed Amendments to National Instrument 81-102 Investment Funds Pertaining to Crypto Assets is available on all of the… Read More

January 18, 2024 @ 11:09 am By JD Alois  |  

Artificial intelligence [AI] and companies leading this tech sector are the new shiny. It’s almost gold rush like as people seek to invest in AI firms as the masses finally became aware that the technology has now hit mass adoption. The catalyst is ChatGPT, which… Read More

January 18, 2024 @ 9:40 am By JD Alois  |  

Deepfakes are a growing concern. As technology improves and AI services proliferate, it is getting easier for bad actors to create completely bogus content that intends to dupe the unsuspecting. Today, the Hong Kong Monetary Authority (HKMA) has issued a warning to the public to… Read More

January 18, 2024 @ 8:42 am By JD Alois  |  

Tint Finance Services, a UK-based Fintech that aims to help SMEs simplify supply chains, said it has topped $20 million (£15m) in trade finance just six months after. Tint was founded in 2023 by a group of banking and trade professionals. The mission of the… Read More

January 17, 2024 @ 12:25 pm By JD Alois  |  

IPO [initial public offering] activity was dismal in 2023. You have to go back to 2019, which was just before the COVID crisis disrupted the world, to find a worse year. A total of 1,429 IPOs were launched globally in 2023 a nearly 16% drop… Read More

January 17, 2024 @ 10:28 am By JD Alois  |  

Once one of the largest peer-to-peer lenders in the world, China’s Lufax (NYSE:LU) has hit an all-time low trading on the NYSE. The bid-ask of shares is around $2.17. A year ago, it was trading at over $10 a share, thus delivering a spectacular collapse… Read More

January 16, 2024 @ 1:18 pm By JD Alois  |  

Over the years, Tether, the largest dollar-based stablecoin in the world, has been peppered with allegations of fraud and claims that the company did not have 1 to 1 reserves for USDT. In an interview with Bloomberg, held at Davos, Cantor Fitzgerald CEO Howard Lutnick… Read More

January 16, 2024 @ 1:04 pm By JD Alois  |  

European payments provider Mangopay has announced a partnership with Storfund. Terms of the deal were not revealed. Mangopay, based in France, has long been a top payments provider for marketplaces like crowdfunding platforms. Founded in 2013, Mangopay says it has supported 2,500+ platforms and marketplaces…. Read More

January 16, 2024 @ 12:44 pm By JD Alois  |  

Hedera says it Wallet Snap is now live on MetaMask, which provides access to MetaMask’s 30 million monthly active users, The wallet is built by Tuum Technologies, a developer of open-source decentralized identity solutions. Snaps extends the functionality of MetaMask by enabling developers to create… Read More

January 16, 2024 @ 10:37 am By JD Alois  |  

Republic, a top crowdfunding platform serving the full stack of securities exemptions, has announced that it has joined the Tokenized Asset Coalition (TAC). Securitize, another platform that provides online capital formation as well as other digital services, has also joined TAC. TAC, which was revealed… Read More