JD Alois

Congressman Patrick McHenry Slams Biden’s Selection to Lead Office of the Comptroller of the Currency

Congressman Patrick McHenry, the ranking minority member on the House Financial Services Committee and keen supporter of financial innovation, has issued a statement on the Biden’s Administration selection to manage the Office of the Comptroller of the Currency. Yesterday, President Biden announced he had selected… Read More

Liti Capital Launches “Scambusters” Targeting Crypto Scams

Liti Capital SA, a Switzerland based litigation funding platform, has launched a new service called “Scambusters.” According to a release, the new feature will enable users to vote for which crypto fraud case the platform should pursue in the future. Any LITI or wLITI token… Read More

Following News of China Crypto Bank, Circle CEO Jeremy Allaire Calls on West to Not Do the Same

Jeremy Allaire, CEO and founder of Circle – a leading stablecoin provider that seeks to provide global payment rails for the future, has criticized China’s decision to ban cryptocurrency. In a series of Tweets, Allaire said that China “opposes the Western system of values built… Read More

KeyBank’s Digital Offering Laurel Road Adds Checking Accounts

KeyBank, a large regional bank based in Cleveland, Ohio, has added checking to its digital banking venture Laurel Road. Laurel Road was initially launched targeting healthcare providers – a top industry in the Cleveland market as it is home to the Cleveland Clinic and University… Read More

Tightening the Vice: People’s Bank of China Bans Crypto

  China has effectively banned crypto. While the news should not come as any surprise as China has been tightening the regulatory vice for years now, statements by the People’s Bank of China indicate that any hope of crypto access is now dashed for consumers… Read More

President Biden Nominates Saule Omarova, Known Wall Street Critic, to be Next Comptroller of the Currency,

Saule Omarova, a Cornell law professor, has been nominated to become the next Comptroller of the Currency – the head of the Office of the Comptroller of the Currency the bureau that regulates the nation’s federal banks. The selection had been widely rumored in advance… Read More

Financial Technology Association Comments on Financial Data Control Following House Fintech Task Force Hearing

Earlier this week, the House Financial Services Committee, Fintech Task Force, met to discuss individual data when it comes to financial services. In many ways, data is the fuel for Fintech innovation and thus is a key factor for both financial service providers as well… Read More

Streaming Startup Curastory Looks to Close Seed Round with Backing of VCs Plus Listing on Republic

Curastory is in the midst of raising capital in on online securities offering on Republic. According to the offering page, Curastory is seeking up to $535,000 in a CrowdSafe with a valuation cap of $9 million. Currently, the offering has raised $390,000 backed by 797… Read More

Canada Outlines How Crypto Trading Platforms May Promote Their Products

The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) have published an outline explaining h0ow crypto exchanges may advertise and promote their services. The CSA is the national entity that works with all provincial regulators seeking to provide a harmonized approach… Read More

SEC Files Charges Against Analyst that Allegedly was Front Running Big Trades

The Securities and Exchange Commission has filed charges against a quant analyst for “perpetrating a years-long front-running scheme that generated illicit profits of at least $8.5 million.” Sergei Polevikov, who worked at two asset management firms, allegedly abused his position to benefit from information he… Read More

Proptech Awning Raises $9.3 Million, Enables Individual Investors to Invest in Single-Family Rental Properties

Property investment platform Awning has exited stealth mode with the announcement of $9.3 million in seed funding. The investment was led by Global Founders Capital. Additional investors include: MassMutual Ventures and several angel investors including Side co-founders Guy Gal and Ed Wu, SafeGraph founder Auren… Read More

ERC3643: Tokeny Comments on New Protocol for Tokenized Assets

Tokeny Solutions has issued a statement on the new ERC3643, a protocol currently in use by some financial institutions. EIP-3643: T-REX is an Ethereum based standard that is described as an institutional-grade security token standard that provides interfaces for the management and compliant transfer of… Read More

Fasanara Capital Raises €250 Million Fintech Fund, Backed by the European Investment Fund

Fasanara Capital has closed on a €250 Million Fintech Fund that was supported by the European Investment Fund (EIF) that made a “cornerstone” investment in the fund. Fasanara Capital is a boutique alternative asset manager and an investor in Fintech lending in Europe. The fund… Read More

Payments Fintech Vyne Reports Big $15.5 Million Seed Round

Vyne, an open banking firm in the payments sector, is claiming the title as the largest seed funding valuation for any UK open banking contender to date. Vyne says it is currently processing millions of pounds worth of transactions each month at a growth rate… Read More

Temenos Collaborates with Aion Bank, Vodeno on Banking as a Service

Temenos (SIX: TEMN) has announced a new partnership with Aion Bank and Vodeno to deliver Banking as a Service (BaaS) in Europe. Temenos is a banking software provider. Aion is a licensed bank and Vodeno is a cloud service aiding financial services firms. The company… Read More

Strive UK, Aiming to Help Small Businesses, Launched by Mastercard

Mastercard has announced the launch of Strive UK a project designed to assist micro and smaller firms adapt to the ongoing digital transformation. An initiative created by the Mastercard Center for Inclusive Growth, the program aims to empower SMEs in the UK to succeed in… Read More

Cross-Border Trade Finance Provider Incomlend Boosts Factoring Solution

Incomlend, a global invoice financing marketplace and cross-border trade facilitator, has announced a new invoice financing program for a pan-European metal trading firm. Founded in Singapore and with offices around the world, Incomlend connects SMEs globally with communities of investors. This enables them to buy… Read More

Young European Exchange Equiduct Starts Trading ETFs

Equiduct, a retail securities exchange, is now offering Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) trading on Apex – Equiduct’s on-exchange Best Execution service with zero trading fees for retail brokers. Equiduct is a market segment of Börse Berlin. Equiduct states that ETFs… Read More

OY! Indonesia Raises $30 Million in Round Led by SoftBank

SoftBank Ventures Asia has led the $30 million Series A funding round in OY! Indonesia. MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital Pte. Ltd., and Orion Advisors (DST Founders) also participated in the round that had a valuation of around $100… Read More

Shares in MoneyLion to Trade on NYSE on September 23rd as SPAC Deal Approved

MoneyLion Inc., a neo-bank Fintech that reports over 2.8 users and an annualized net revenue run-rate of over $150 million, will commence trading on the New York Stock Exchange tomorrow (September 23, 2021) as the SPAC deal is approved. Following a special meeting yesterday of… Read More

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