November 29, 2023 @ 11:15 am By JD Alois  |  

Digital bank N26 says it will offer stock and ETF investments in App by partnering with Upvest. Upvest offers an Investment API that is available to financial services firms to access capital market investment and retirement planning. Upvest will be providing the licenses necessary for… Read More

November 29, 2023 @ 11:02 am By JD Alois  |  

Dojo has received approval to operate with an e-money license (EMI) from the Central Bank of Ireland, according to a statement issued by the company. Dojo offers a multi-cloud-native payments platforms to provide in-person and digital payments solutions alongside features like revenue-based funding and booking… Read More

November 29, 2023 @ 10:33 am By JD Alois  |  

DTCC is reporting that its Alternative Investment Product Services (AIP) has now topped 10,000 unique funds. This is an increase of around 20% when compared to last year. Simultaneously, users of the product have increased by 28% to 2200 clients. DTCC provides post-trade market infrastructure… Read More

November 29, 2023 @ 10:25 am By JD Alois  |  

HM Revenues and Customs (HMRC) has posted guidance on how to pay taxes on the income or gains created by crypto investments. HMRC states: “You must pay the full amount you owe within 30 days of making your disclosure. If you do not, HMRC will… Read More

November 29, 2023 @ 9:40 am By JD Alois  |  

Investment platform Prosper has topped £700,000 on Crowdcube in a securities offering that is raising growth capital at a pre-money valuation of £12,135,385. According to the offering page, The EIS-qualified equity offering has received the backing of 197 investors. The per-share price is £29.50 with… Read More

November 29, 2023 @ 8:43 am By JD Alois  |  

Multiple reports have emerged that Apple (NASDAQ:AAPL) has cut a deal with Goldman Sachs (NYSE:GS) to exit its partnership regarding the popular Apple Card. The rumblings indicate that Apple approached Goldman to end the partnership. Apple has been pushing into Fintech for years now, and… Read More

November 29, 2023 @ 8:14 am By JD Alois  |  

Cairnspring Mills has raised over $1 million on Steward in just one hour, receiving the backing of 196 investors, according to a note from the platform. Cairnspring Mills went on to raise $2.8 million. Cairnspring Mills is a “craft flour mill” located in Washington’s Skagit… Read More

November 28, 2023 @ 4:14 pm By JD Alois  |  

The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has announced a hearing addressing innovation in financial services. The hearing is entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services” The hearing… Read More

November 28, 2023 @ 3:57 pm By JD Alois  |  

Honeycomb, a FINRA-regulated funding portal, has topped the list of platforms with the most Reg CF (Regulation Crowdfunding) filings for the first time (as far as we know). In recent times, Wefunder and StartEngine have typically been in the running for the most offerings filed… Read More

November 28, 2023 @ 12:07 pm By JD Alois  |  

FINRA (Financial Industry Regulatory Authority) has launched a new section of its website to cover its work on crypto or digital assets. FINRA is the entity that oversees all of the broker-dealers in the US. As there are over  624,000 brokers across the country, the… Read More

November 28, 2023 @ 10:57 am By JD Alois  |  

CapitalOS is reporting $39 million in funding as the startup exits stealth mode. According to a statement issued by the company, the capital infusion is a combination of both debt and equity capital. CapitalOS did not provide a breakdown. The funding was led by Group… Read More

November 28, 2023 @ 9:40 am By JD Alois  |  

Tokenization or turning an asset into a “digital asset” or digital security makes a lot of sense. By leveraging technology, an asset can be managed more effectively, comply with regulations and be programmed to automatically perform certain services. Today, most investible assets are heavy on… Read More

November 28, 2023 @ 9:20 am By JD Alois  |  

Lendable has added recurring payments to its platform by leveraging the services of TrueLayer, according to a company statement. TrueLayer is an Open Banking provider and Lendable providers loans to consumers. TrueLayer said the new service was incorporated as Lendable leveraged its Account Information Services… Read More

November 27, 2023 @ 5:06 pm By JD Alois  |  

Financial technology, or Fintech, is expected to be the sector of the industry that will lead the charge in regard to Artificial Intelligence (AI) adoption according to a global study. AI jumped into popular interest with the emergence of ChatGPT and widespread utilization – much… Read More

November 27, 2023 @ 12:23 pm By JD Alois  |  

Singapore is well-recognized as the top Fintech hub in Asia. Receiving solid support from the government of Singapore, the small country has hosted an annual Fintech event and according to a public statement, participation in the annual Singapore Fintech Festival topped 66,000 participants this year,… Read More

November 27, 2023 @ 12:13 pm By JD Alois  |  

The Financial Crimes Enforcement Network (FinCEN), part of the US Department of Treasury, has partnered with 12 other global regulatory agencies to form the Counter Terrorist Financing Taskforce – Israel (CTFTI). The members include, Australia, Canada, Estonia, France, Germany, Israel, Liechtenstein, Luxembourg, the Netherlands, New… Read More

November 27, 2023 @ 12:06 pm By JD Alois  |  

Varo Bank, the first native digital bank in the US, says it has increased its Cash Advance amount for certain customers – double the previous amount available of $250. Varo Bank says the Cash Advance offering is “one of the lowest-cost short-term loans available among… Read More

November 24, 2023 @ 12:03 pm By JD Alois  |  

DealMaker CEO and co-founder Rebecca Kacaba has been recognized as the Most Admired CEO of 2023. Kacaba called the acknowledgment an “absolute honor.” DealMaker is an online capital formation platform based in Canada but provides services in the US as well. The company works with… Read More

November 24, 2023 @ 10:54 am By JD Alois  |  

Tether and Bitfinex say they no longer oppose the  New York Freedom of Information Law (FOIL). The announcement was made this morning as Tether/Bitfinex say the move is to highlight their support of transparency in the digital asset sector. Tether is the top dollar-based stablecoin… Read More

November 22, 2023 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to meet next week, and it has just posted its agenda. Probably the most interesting subject on the list of topics is the segment on the definition of an Accredited… Read More