April 18, 2023 @ 7:57 am By JD Alois  |  

Goldman Sachs (NYSE:GS) is taking a beating in pre-market trading as earnings missed on the top line according to anaylist expectations. Goldman reported Q1 2023 net revenue of $12.22 billion and net earnings of $3.23 billion. Earnings per share (EPS) came in at $8.79. The… Read More

April 17, 2023 @ 10:00 pm By JD Alois  |  

Tomorrow (April 18, 20223), SEC Chairman Gary Gensler will testify in front of the House Financial Services Committee. The oversight hearing will “examine the regulatory developments, rulemakings, and activities that the SEC has undertaken in the period since the last hearing on October 5, 2021.”… Read More

April 17, 2023 @ 2:46 pm By JD Alois  |  

  Multiple reports indicate that Shaquille O’Neal, a former NBA superstar, has finally been served after being hunted for weeks, at least according to the Moskowitz Law Firm. Shaq was one of a handful of celebrities that got caught up in the promotion of FTX… Read More

April 17, 2023 @ 12:42 pm By JD Alois  |  

Bittrex, a crypto exchange that announced it was ceasing operations at the end of last month, has been hit with an enforcement action by the Securities and Exchange Commission (SEC). The SEC has charged Bittrex and its former CEO William Shihara for operating an unregistered… Read More

April 17, 2023 @ 11:27 am By JD Alois  |  

The mention of terms in 10-K filings associated with public policy risk, IE regulation has increased by 27% in the last decade, according to a report by the US Chamber of Commerce. The Chamber states that changes in taxes, regulations, and enforcement have increased dramatically… Read More

April 17, 2023 @ 10:47 am By JD Alois  |  

As was anticipated last week, Apple (NASDAQ:AAPL) has revealed its savings option paying users an APY of 4.15%, thus creating a compelling option for its customers to hold cash with the neobank/tech firm. According to Apple, Apple Card users will have the option to have… Read More

April 17, 2023 @ 10:25 am By JD Alois  |  

At the end of March, US-based crypto exchange Bittrex announced that it was shuttering its operations. Bittrex stated that it would cease operations on April 30, 2023, while providing a series of timelines for its users, recommending that accounts are closed as soon as possible…. Read More

April 17, 2023 @ 9:49 am By JD Alois  |  

On Wednesday, April 19, 2023, the House Subcommittee on Digital Assets, Fintech, and Inclusion, will hold a hearing on stablecoins. The hearing is being joined by draft legislation that may end up providing a viable path to regulate this new form of payments and transfers…. Read More

April 15, 2023 @ 11:41 am By JD Alois  |  

The US Small Business Administration (SBA) has completed rules that aim to improve access to capital for small businesses in underserved communities, according to a statement by the agency. The final rule makes permanent a program for nonprofit lenders, and removes “outdated limits” on non-depository… Read More

April 14, 2023 @ 4:50 pm By JD Alois  |  

Representative Patrick McHenry and Representative Ann Wagner have sent a letter to Securities and Exchange Commission Chair Gary Gensler criticizing him for neglecting the Commission’s mission to enable access to capital for businesses. McHenry is Chairman of the House Financial Services Committee, and Wagner is… Read More

April 14, 2023 @ 12:57 pm By JD Alois  |  

InvestEngine, a Fintech that offers commission-free ETF investing for individuals and small businesses, has closed its securities crowdfunding round, having raised £1.94 million, topping its goal of £1.25 million, according to an email from the company. This is the second time InvestEngine has leveraged Crowdcube… Read More

April 14, 2023 @ 12:19 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) re-opened comments on a proposed rule during a meeting of the Commission that in many respects raised more questions than provided answers. The proposed amendments to the definition of “exchange” under Exchange Act Rule 3b-16 were initially proposed in… Read More

April 14, 2023 @ 12:04 pm By JD Alois  |  

Regions Bank (NYSE:RF), a large regional bank based in Alabama, has selected Temenos (SIX: TEMN) to update its banking platform, bringing it into the Fintech era. Regions Bank has approximately $155 billion in assets, ranked at 227th in the US for consolidated assets as of… Read More

April 13, 2023 @ 5:27 pm By JD Alois  |  

Knightscope (NASDAQ:KSCP), a company that raised funds in an online securities offering, has signed a contract to sell its autonomous security robots to the City of New York. New York is currently enduring an extended rise in the rate of criminal activity. At the same… Read More

April 13, 2023 @ 5:13 pm By JD Alois  |  

Global venture capital (VC) investments cratered in March 2023 by 44.3% to $29.15 billion from $52.32 billion in the same month a year earlier. This is just another report that indicates a sinking economy and the lack of risk capital supporting early-stage firms. S&P Global… Read More

April 13, 2023 @ 4:57 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Representative Bill Huizenga, Chairman of the Subcommittee on Oversight and Investigations, have joined in sending a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler criticizing him for a failure to provide information… Read More

April 13, 2023 @ 4:35 pm By JD Alois  |  

Affirm (NASDAQ: AFRM) is expanding its offerings north by moving into Canada. Affirm is a top buy now pay later (BNPL) platform founded by Max Levchin, who also co-founded PayPal. The expansion into Canada is being enabled by another big Fintech – Stripe, which now… Read More

April 13, 2023 @ 4:18 pm By JD Alois  |  

KeyBank (NYSE:KEY) will see its digital banking product receive an upgrade as Quolo has announced that it will power KeyBank’s banking services, including payment solutions, virtual accounts and more. As a KeyBank customer, it has been a pretty rough ride, so expectations are pretty high… Read More

April 13, 2023 @ 1:57 pm By JD Alois  |  

Yesterday, it was reported that the US market experienced a 25% quarterly decline in Fintech funding during Q1 2023 in comparison to Q1 2022. Today a similar report provided by Tracxn, indicates that the UK saw a whopping 89% decline during Q1 2023 in Fintech… Read More

April 13, 2023 @ 11:51 am By JD Alois  |  

Twitter and eToro have partnered up on financial content. eToro is an investing platform that operates in various markets around the world, providing access to both traditional and alternative access. Twitter is, well, Twitter – the social media best known for its immediacy of information… Read More