September 4, 2023 @ 11:29 am By JD Alois  |  

FCA-licensed payments platform Clear Junction has acquired crypto firm Altalix, according to a company statement. Clear Junction states that the acquisition makes it one of the few companies that possess both an EMI (e-Money) license and a crypto-asset registration. Altalix is a UK-based Fintech company… Read More

September 4, 2023 @ 10:11 am By JD Alois  |  

The British Business Bank has appointed Karen Barnett as its new Chief People Officer. Barnett steps into the role from October 2023. Barnett joins the Bank from WH Ireland, a private wealth management, financial planning, and capital markets services company where she was Human Resources… Read More

September 1, 2023 @ 4:16 pm By JD Alois  |  

LendingRobot started its existence as a portal for peer-to-peer loan investors seeking to provide sophisticated tools for investors interested in the asset class. For a time, it was controlled by Fintech Nexus (LendIt or Lend Academy), which parted ways with the firm when Lime Financial… Read More

September 1, 2023 @ 12:17 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has announced it will analyze “lenders’ fair value assessments” to determine if they are providing consumers with appropriate savings products. Earlier this year, the FCA commented on the spread between what banks receive in interest rate returns and what… Read More

September 1, 2023 @ 12:01 am By JD Alois  |  

Real estate investment platform CrowdProperty is reporting that over £200 million has been returned to investors since the property investment service launched. At the same time, CrowdProperty says that August 2023 has emerged as its best-performing month of all time. UK-based CrowdProperty offers individual investors… Read More

August 31, 2023 @ 7:28 pm By JD Alois  |  

Online capital formation or investment crowdfunding has created a new paradigm for all investors seeking access to private securities as well as novel assets that were previously challenging to purchase. Today, it is common for platforms to allow individuals to invest in early-stage private firms,… Read More

August 31, 2023 @ 3:37 pm By JD Alois  |  

Earlier this month, CI reported on the Association of Online Investment Platforms (AOIP) – the group that advocates on behalf of platforms raising capital online – submitting recommendations to FINRA regarding a request for feedback on improving capital formation. FINRA [Financial Industry Regulatory Authority] is… Read More

August 31, 2023 @ 10:57 am By JD Alois  |  

Swift, a global financial services firm that is relied upon by more than 11,500 financial services organizations around the world, has announced a successful blockchain test deemed to show the potential for tokenized assets in the future. According to a statement by Swift, an experiment… Read More

August 31, 2023 @ 10:33 am By JD Alois  |  

Binance has formed a partnership with WellxPay, a payment service. WellxPay is a payments provider and Binance is the world’s largest crypto exchange. According to WellxPay the partnership will “revolutionize” the way crypto traders in India and Bangladesh engage in crypto transactions. Binance will utilize… Read More

August 31, 2023 @ 3:00 am By JD Alois  |  

Fintech Zilch is reporting that it has topped 3.5 million users. The last user milestone Zilch claimed was in late 2022 when Zilch said it had surpassed three million users. The company notes that the user count equates to about 3,000 new users every day… Read More

August 30, 2023 @ 6:29 pm By JD Alois  |  

Upgrade, a neobank founded by noted Fintech entrepreneur Renaud Laplanche, has launched auto loans as a new credit offering. In an email from a company representative, Upgrade explained that the “full spectrum” auto lending product will serve all types of consumers from 580 to 850… Read More

August 30, 2023 @ 10:46 am By JD Alois  |  

Rolling out today, Robinhood (NASDAQ:HOOD) has kicked off the release of its updated digital wallet. According to the company, the wallet allows for Bitcoin and Dogecoin transfers as well as in-app swaps on the Ethereum network. The wallet is immediately available on iOS, with Android… Read More

August 30, 2023 @ 9:18 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has revealed a new partnership with X (formerly Twitter) to fill open positions at the crypto exchange. According to an X, job openings may now be scrolled directly on Coinbase’s profile. Coinbase is thrilled to partner with @X on the launch of a… Read More

August 30, 2023 @ 9:10 am By JD Alois  |  

British Business Investments says it has committed £30 million to the Panoramic SME III fund as part of a final close of £100m. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank. Glasgow-based Panoramic was launched in 2008, becoming a top investor… Read More

August 29, 2023 @ 5:26 pm By JD Alois  |  

Yesterday, Grayscale received a solid legal victory in its attempt to offer a Bitcoin ETF. A federal court deemed the Securities and Exchange Commission’s decision to block the launch of the exchange-traded product as “capricious”. Grayscale is currently reviewing its options and the SEC has… Read More

August 29, 2023 @ 4:46 pm By JD Alois  |  

Bitcoin caught an updraft today following the news that Grayscale booked a victory in the US Court of Appeals in its ongoing battle with the Securities and Exchange Commission (SEC) in regard to its effort to list a Bitcoin ETF. Grayscale already trades the Grayscale… Read More

August 29, 2023 @ 4:25 pm By JD Alois  |  

SEC Commissioners Hester Peirce and Mark Uyeda have joined to issue a statement on the enforcement action taken by the Commission against NFT issuer Impact Theory. Yesterday, the SEC revealed its first enforcement action against an NFT issuer, with the firm settling the allegations without… Read More

August 29, 2023 @ 3:00 am By JD Alois  |  

Flashpoint has issued a statement on its exit from Regtech Clausematch that had grown to include 14 out of the top 50 global banks as customers. Flashpoint states that it participated in Clausematch’s 2022 USD $10.8 million funding round via its Venture Debt Fund I…. Read More

August 28, 2023 @ 4:23 pm By JD Alois  |  

LHV Bank, a fully regulated bank in the UK, says the business transfer from its Estonian affiliate to the UK is now completed. LHV received its banking license in May 2023. LHV specialises in providing services for global Fintechs and SME Lending solutions for UK… Read More

August 28, 2023 @ 1:14 pm By JD Alois  |  

Regulation Crowdfunding or Reg CF has surpassed $2 billion in money raised, according to an email from Crowdfund Capital Advisors (CCA). Reg CF was created by the JOBS Act of 2012, signed into law during the Obama administration in a unique act of bipartisan legislation… Read More