October 12, 2023 @ 4:26 pm By JD Alois  |  

In a rather vague headline, digital bank and online lender LendingClub (NYSE:LC) says it is aligning its cost structure to the evolving macroeconomic environment. Scott Sanborn, LendingClub CEO, issued the following statement: “We continue to proactively implement various measures to navigate the persistent and ongoing… Read More

October 12, 2023 @ 4:07 pm By JD Alois  |  

Voyager Digital, now bankrupt as part of the crypto collapse of 2022, is in the news once again as the Commodities Futures Trading Commission (CFTC) has filed charges against its former CEO, Stephen Ehrlich. The CFTC is alleging fraud regarding a commodity pool ploy. In… Read More

October 12, 2023 @ 1:02 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) has finally agreed to sell digital lender GreenSky to a consortium led by Sixth Street. The purchasers include KKR, Bayview Asset Management, and CardWorks, with “significant support” from PIMCO through an asset acquisition, as well as strategic financing from CPP Investments. Alan… Read More

October 12, 2023 @ 11:09 am By JD Alois  |  

The British Business Bank says there are signs of recovery when it comes to accessing funding in comparing data from 2023 to 2022. As part of the Bank’s annual Nations and Regions Tracker, the document reported that in Q4 2022, 34% of small businesses were… Read More

October 12, 2023 @ 10:39 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have taken regulatory action against global credit profiling firm TransUnion (NYSE: TRU), claiming the company failed in regard to rental background checks. Additionally, the two agencies claimed TransUnion withheld the names of third parties… Read More

October 12, 2023 @ 9:35 am By JD Alois  |  

Republic Note, a digital asset that aims to generate returns for purchasers from successful securities offerings, was revealed to the public in 2020. While it has taken some time for the security to come to fruition, Republic distributed an update this past week that provides… Read More

October 11, 2023 @ 11:03 am By JD Alois  |  

Fintech Acorns has announced a new Premium Tier service that incorporates access to GoHenry. Acorns is a platform that enables investing, leaning heavily on long-term goals and enabling automated investments. To date, Acorsn reports more than $16 billion in investments. GoHenry was launched in the… Read More

October 11, 2023 @ 9:22 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has censured London Capital & Finance (LCF) for misleading promotions in regard to mini-bonds. The FCA said it did not make sense to assess a financial penalty as LCF is effectively bankrupt and in administration. LCF went into administration… Read More

October 11, 2023 @ 9:04 am By JD Alois  |  

Piper Sandler (NYSE: PIPR) has posted its 46th semi-annual survey of Teens across the United States. The survey can help glean emerging trends that can impact future economic activity and rising brands. Of course, Teens can be fickle, but today’s Teens are tomorrow’s adults. When… Read More

October 11, 2023 @ 1:00 am By JD Alois  |  

Untangled Finance has raised $13.5 million in “strategic funding” as it seeks to tokenize “real world private credit assets.” This includes SME loans, invoices, and more. The funding was provided by Fasanara Capital, a UK-based investment firm and technology platform that manages around $4 billion…. Read More

October 10, 2023 @ 5:18 pm By JD Alois  |  

Posted on the UK Financial Conduct Authority (FCA) registry today, peer-to-peer lender Rebuildingsociety was denied the ability to approve any financial promotion for a “Qualifying Cryptoasset for communication by an unauthorized person” and must withdraw any current promotion by tomorrow. After Rebuildingsociety has withdrawn all… Read More

October 10, 2023 @ 4:22 pm By JD Alois  |  

National Headquarters for Economic Combating Terrorism (EMT) of the Ministry of Defense, the Shin Bet, and Israel police have frozen accounts affiliated with Hamas in partnership with Binance, according to a report by Calcalist. The report states: “With the outbreak of the war, Hamas launched… Read More

October 10, 2023 @ 9:29 am By JD Alois  |  

The Bank of England, Financial Policy Committee (FPC), has posted its financial policy statement, which is a bit gloomy. The FPC says, “Inflation, higher interest rates, and geopolitical tensions make the current risk outlook challenging.” The overall outlook for economic growth remains muted, and if… Read More

October 9, 2023 @ 5:24 pm By JD Alois  |  

  One of the top items on the Securities and Exchange Commission (SEC) agenda under the leadership of Chair Gary Gensler is changes to Regulation D (Reg D) along with updates to the definition of an Accredited Investor. Currently, these amendments are number seven on… Read More

October 9, 2023 @ 12:10 pm By JD Alois  |  

OurCrowd, one of the largest global securities crowdfunding platforms in operation, has issued a statement on the ongoing war in Israel. OurCrowd’s headquarters are based in Jerusalem, and many of its investments are in the tech firms within the hot Israeli startup scene. In the… Read More

October 9, 2023 @ 11:51 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting of the Commission on two rule changes. First, the Commission will consider whether to adopt a rule under the Securities Exchange Act of 1934 to “increase the transparency and efficiency of the securities lending… Read More

October 9, 2023 @ 11:33 am By JD Alois  |  

DealMaker, a tech-enhanced online capital formation company, has been recognized by the Globe and Mail as Canada’s 6th fastest-growing firm in the country. In 2022, DealMaker ranked number 3 on the list. In an X (Tweet), DealMaker said the recognition is “an incredible validation of… Read More

October 9, 2023 @ 8:50 am By JD Alois  |  

A crypto firm based in Switzerland says demand is increasing for crypto products, including blockchain technology and affiliated products. According to XEROF, in a report covering the first 6 months of 2023, transaction service demand has experienced “extreme growth” in volumes, specifically for crypto to… Read More

October 8, 2023 @ 2:49 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on the crypto ecosystem in Latin America and the Caribbean (LAC). CCAF is the leading research organization in the world studying innovation in financial services – Fintech. The Centre is noted for its evidence-based… Read More

October 6, 2023 @ 5:00 pm By JD Alois  |  

Komainu, a digital asset platform for institutions, says it is now registered with the UK Financial Conduct Authority (FCA) and will provide a custodial wallet service for clients.  Komainu must adhere to AML/KYC rules. Komainu will offer crypto-custody services in the UK, including collateral management… Read More