September 25, 2023 @ 12:33 pm By JD Alois  |  

Raisin, a German Fintech that has built a marketplace for savings vehicles allowing users to find the best rates available, is reporting “record growth” during a period of super high interest rates. The European Central Bank, the Bank of England, and the US Federal Reserve… Read More

September 25, 2023 @ 12:05 pm By JD Alois  |  

Securities and Exchange Commission Chair Gary Gensler will traverse up to Capitol Hill this week to testify in front of the House Financial Services Committee in what could be a fairly robust hearing. The hearing memo includes a litany of issues that Chair Gensler is… Read More

September 25, 2023 @ 9:00 am By JD Alois  |  

American Express (NYSE:AXP) has announced a new cash management service available for SMEs. According to a release from the company, the new feature is available for business card users and aims to help them efficiently manage their cash flows, plan future finances through external account… Read More

September 22, 2023 @ 10:24 am By JD Alois  |  

During the Securities and Exchange Commission’s meeting of the Investor Advisory Committee (IAC) yesterday (September 21, 2023), a representative from the Angel Capital Association (ACA) gave a compelling presentation advocating on behalf of his industry and why we need more Accredited Investors and NOT fewer…. Read More

September 22, 2023 @ 8:46 am By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has sued Bit Trade Pty, a partner of Kraken that services clients in Australia. According to a statement issued by the regulator, Bit Trade has “failed to comply with the design and distribution obligations for the margin trading… Read More

September 21, 2023 @ 12:42 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is considering raising the wealth threshold for the definition of an Accredited Investor. Currently, in brief, an Accredited Investor is an individual who earns over $200,000 a year or has a net worth of over $1 million. The net… Read More

September 21, 2023 @ 12:19 pm By JD Alois  |  

Crowdcube, one of the largest investment platforms in the world, has posted a brief update on its operations during the month of August. According to an “X” (previously a Tweet), during the month of August: Wombat raised the most amount of funds, booking £2,963,608. 3ti… Read More

September 21, 2023 @ 10:11 am By JD Alois  |  

Global bank Standard Chartered has announced the release of a Banking as a Service (BaaS) offering. The new service arrives via SC Ventures, the bank’s fintech and innovation subsidiary. SC Ventures was established in 2018 as a new business unit to lead digital innovation. Standard… Read More

September 21, 2023 @ 8:47 am By JD Alois  |  

The House Financial Services Committee has approved multiple bills, which may now move to a floor vote. Included in the roster of legislation is the “CBDC Anti-Surveillance State Act” (HR 5402). Majority Whip Tom Emmer, a longtime digital asset supporter, sponsored this bill. The bill… Read More

September 21, 2023 @ 8:26 am By JD Alois  |  

Block (NASDAQ:SQ) founder Jack Dorsey will step in as CEO of Square following the announcement that Alyssa Henry will exit the subsidiary of Block. The change in leadership was revealed in an 8-K filed with the Securities and Exchange Commission. The company stated: “Alyssa Henry,… Read More

September 21, 2023 @ 8:03 am By JD Alois  |  

The Bank of England held benchmark rates steady following the US Federal Reserve’s decision to continue its pause. The BOE said the Monetary Policy Committee voted 5 to 4 to hold the Bank Rate at 5.25%. The minority preferred to increase rates by 25 basis… Read More

September 20, 2023 @ 12:26 pm By JD Alois  |  

Financement Participatif France, the French crowdfunding association, has provided an update on debt-based platforms in the country. This means platforms that enable peer-to-peer lending, bonds, and mini-bond services. As part of a best practices charter, FPF instituted a requirement for member platforms to post performance… Read More

September 20, 2023 @ 11:51 am By JD Alois  |  

International payments Fintech EBANX has expanded its operations into Africa and two additional Caribbean countries. According to a statement by the company, EBNAX now offers services in Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia.  At the same time, EBANX is now available… Read More

September 20, 2023 @ 10:50 am By JD Alois  |  

Yesterday, the Secretary of the Treasury Janet Yellen, announced its ambitions in regard to “net zero financing and investment,” outlining their goal of net zero commitments and how they can compel financial services firms to adhere to their ideology. Secretary Yellen said: “Going forward, the… Read More

September 20, 2023 @ 10:33 am By JD Alois  |  

The parents of jailed FTX founder Sam Bankman-Fried have been sued by what remains of the company. According to a court filing, Joseph Bankman and Barbara Fried, both Stanford University professors, allegedly enriched themselves prior to the collapse of what was once one of the… Read More

September 20, 2023 @ 9:16 am By JD Alois  |  

Any longtime Apple (NASDAQ:AAPL) watcher understands that it is one of the largest Fintechs in the world with plans to become any bigger. Adding investments and trading makes sense. It is just a matter of time.  Today, there is a report by CNBC quoting those… Read More

September 19, 2023 @ 4:59 pm By JD Alois  |  

According to a recent survey, 58% of US consumers expect all payments will be digital in the near future. This percentage increases to 67% when polling a younger demographic – more specifically, Millennials. Banking platform provider Temenos (SIX: TEMN) surveyed  2000 adults about their purchasing… Read More

September 19, 2023 @ 4:30 pm By JD Alois  |  

The New York State Department of Financial Services (NYDFS) has published “guidance” for the US digital asset industry building upon its already widely utilized Bit Licence rules. Superintendent Adrienne A. Harris issued a statement explaining her goal of prioritizing regulations for “virtual currency policy” to… Read More

September 19, 2023 @ 12:04 pm By JD Alois  |  

Five-Year Stablecoin Milestone Announced by Paxos Paxos, a regulated digital asset firm that powers the tech behind multiple crypto firms, is reporting having topped $120 billion in stablecoin value (issued and redeemed) over the past five years of the company’s operation. Paxos, which is regulated… Read More

September 19, 2023 @ 11:52 am By JD Alois  |  

Swift, a global financial messaging service that is used by just about everyone to transfer value, has partnered with Wise (LSE:WISE) – a stealth bank that got its start in low-cost transfers. According to a statement by Swift, the partnership will enable users to complete… Read More