April 13, 2023 @ 11:35 am By JD Alois  |  

Apple (NASDAQ:AAPL) is just about ready to launch its savings feature for users of its digital wallet – effectively becoming a neobank. While digital banks are chartered entities that provide banking services, neobanks provide bank-like features in partnership with a chartered bank – in this… Read More

April 13, 2023 @ 10:44 am By JD Alois  |  

In the UK, early-stage private firms are supported with innovative tax exemptions designed to make investing in risky ventures more appealing. As everyone knows, a robust entrepreneurial and startup ecosystem is crucial for a growing economy. UK policymakers have made investing in private firms more… Read More

April 12, 2023 @ 6:38 pm By JD Alois  |  

On the same day the House Subcommittee on Digital Assets and Fintech meets, the Subcommittee on Capital Markets is convening to address the pressing need to improve access to capital and investment opportunity. Chaired by Representative Ann Wagner, the Subcommittee’s mission is to pursue policies that… Read More

April 12, 2023 @ 5:10 pm By JD Alois  |  

The House Subcommittee on Digital Assets, Financial Technology, and Inclusion & Capital Markets, has scheduled a hearing to address stablecoins – digital assets which are tied to another asset such as fiat currency. The Subcommittee is part of the House Financial Services Committee. Chaired by… Read More

April 12, 2023 @ 3:09 pm By JD Alois  |  

Wise, a Fintech best known for global transfers and payments, is being enlisted by Bluevine to provide international payments within 26 different countries. Bluevine is a neobank, partnering with chartered banks, that works with SMEs to enable business checking, bill pay, and lines of credit…. Read More

April 12, 2023 @ 11:44 am By JD Alois  |  

It is that time of year again taxes are due in the US. The only groups that like tax season are the ones that benefit – state, local, and federal government – and tax preparers that earn their keep by navigating the byzantine process of… Read More

April 12, 2023 @ 10:29 am By JD Alois  |  

Brassica, a Fintech that holds Wyoming Trust Charter, has raised $8 million in Seed funding having emerged from stealth. Leveraging proprietary technology, Brassica aims to provide scalable “investment infrastructure as a service” via “Web 2.5.” The funding was led by Mercury Fund, with the participation… Read More

April 12, 2023 @ 9:18 am By JD Alois  |  

Digital asset platform Paxos is out with a white paper entitled “How the Crypto Winter May Help Save the Digital Asset Economy.”  The thesis of the document is that all of the recent fraud and failure within the crypto industry will end up flushing out… Read More

April 11, 2023 @ 7:43 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing on the oversight of the Securities and Exchange Commission (SEC). The hearing is scheduled to take place at 10 AM on Tuesday, April 18th. The full Committee hearing will see SEC Chair Gary Gensler testify in… Read More

April 11, 2023 @ 5:15 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed charges against Rashawn Russell, an individual who allegedly solicited retail investors to invest in a digital asset trading fund. Russell allegedly misappropriated $1 million in investor assets. The civil enforcement action has been filed in the US… Read More

April 11, 2023 @ 4:35 pm By JD Alois  |  

Bitfinex Securities El Salvador S.A. de C.V., has been granted the “first ever” license as a Digital Asset Service Provider under El Salvador’s new Digital Assets Issuance Law or Ley de Emisión de Activos Digitales – which became law in January 2023. Bitfinex Securities El Salvador… Read More

April 11, 2023 @ 12:20 pm By JD Alois  |  

Bitcoin is pushing above $30,000 for the first time since June 2022. When Bitcoin moves, the crypto masses speculate as to why. The recent rise in value has largely been attributed to the terrible economy, fears within the Banking sector, and BTCs apparent safe haven… Read More

April 11, 2023 @ 11:56 am By JD Alois  |  

april has announced a tax filing product in partnership with multiple Fintechs. april (April Tax Solutions) claims to be the first artificial intelligence (AI) powered tax system available. The company states that its tax filing product is now available with Acorns, B9, Moves, Mercury Financial… Read More

April 11, 2023 @ 11:28 am By JD Alois  |  

In collaboration with Innovate Finance, the Department of Business and Trade, the City of London, the Foreign, Commonwealth and Development Office; the Cambridge Centre for Alternative Finance (CCAF) is soliciting information on UK Fintechs. While the deadline for information was pegged at April 5th, the… Read More

April 11, 2023 @ 10:55 am By JD Alois  |  

Trading platform Webull has launched “Cash Management” that brings users a 4.1% APY return on parked cash, according to a company statement. Webull states that interest will be accrued daily and paid out each month. The higher returns, in comparison to what banks typically pay… Read More

April 11, 2023 @ 10:37 am By JD Alois  |  

The IMF expects global economic growth to decline by 0.1 than previously anticipated generating 2.8% before rising to 3% in 2024. In 2022, economic growth stood at 3.4% and thus reflects the declining global economy. The expectations were shared as part of the IMF’s World… Read More

April 11, 2023 @ 10:11 am By JD Alois  |  

Finastra, a financial services tech stack provider, has announced a partnership with Alygne to provide “tailored ESG alternative data” to assist asset managers interested in ESG investments. Fabien Féron, Senior Product Manager at Fusion Invest at Finastra, said that making investments that align with values… Read More

April 11, 2023 @ 9:56 am By JD Alois  |  

FV Bank, a Puerto Rico-based digital bank that provides digital asset services, has appointed Frank J. Serra as its new Chief Financial Officer (CFO). According to the bank, Serra previously held numerous leadership positions, such as CEO, COO, and Director of Operations, and most recently… Read More

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

Global private equity deal value and volume cratered in March as well as during the entire first quarter. According to S&P Global Market Intelligence, March PE deals vaporized – dropping by 37.1% year over year. During March 2023, $63.42 billion was raised in contrast to… Read More

April 10, 2023 @ 4:13 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting for April 14, 2023, to consider reopening the comment period of the proposed changes. The SEC proposed amendments to Rule 3b-16 under the Exchange Act Regarding the Definition of “Exchange,” which could potentially impact… Read More