JD Alois

Royal Bank of Scotland Announces New Payment Service Tyl

The Royal Bank of Scotland has announced a new payment platform “Tyl.” The system is said to make it easier for small businesses to receive payments and manage cash flow. RBS says this new payment platform should aid small businesses during a challenging time due… Read More

Newly Approved Lenders Under British Business Bank Coronavirus Loan Schemes Include Multiple Fintechs

The British Business Bank has announced six newly approved lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), three new lenders for accreditation under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and two new lenders for accreditation to the Bounce Back Loan… Read More

FATF Meeting Addresses Virtual Assets, Study Continues on Crypto with Focus on Stablecoins

The Financial Action Task Force (FATF) completed a meeting this week calling on members to “tackle new threats and vulnerabilities posed by criminals during the COVID-19 crisis.” The FATF is an international policy-making and standard-setting body, headquartered in Paris, dedicated to combating money laundering and… Read More

Lemonade Increases Target Price of IPO, Shares Scheduled to Trade on NYSE July 2nd

Lemonade, a fast-growing Insurtech firm, has upped its initial public offering (IPO) share price range according to an updated S-1 filing. Shares are expected to trade on the New York Stock Exchange (NYSE) on Thursday under the ticker symbol “LMND.” It was last reported that… Read More

Folk2Folk Approved by British Business Bank for CBILS

Folk2Folk, a unique peer to peer lending firm that focuses on rural businesses, has been approved by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS) and will soon be open for CBILS applications, according to a company release…. Read More

Stealth Bank: Transferwise Preps Investment Features with UK Roll Out Later this Year

  Transferwise, a top UK based Fintech and transfer/payments platform, has received Financial Conduct Authority  (FCA) approval to offer retail investment services, according to a report. Transferwise has emerged as a global stealth bank providing border-free currency services with ultra-low-cost transfers attacking the domain of… Read More

SeedInvest to Offer Black Capital Fund Managed by Former Sacramento Mayor and NBA Player Kevin Johnson

SeedInvest is introducing a new investment vehicle – the Black Capital Fund. The new fund is on a mission to increase access and build wealth for the African American community. SeedInvest states: “Early-stage venture capital represents a potentially attractive asset class, having returned 14.1% compared… Read More

Pittsburgh based Reg CF Platform Honeycomb Credit Completes its First San Francisco based Securities Offering

Usually, the coasts tend to provide unique tech services to the middle of the country. Today, Crowdfund Insider received a note that Pittsburgh-based Honeycomb Credit, a Reg CF funding portal, has completed its first securities offering for a business operating in San Francisco. Honeycomb Credit… Read More

Monetary Authority of Singapore Says Wirecard Customer Funds Parked in Singapore Banks

The Monetary Authority of Singapore (MAS), the top financial regulator in Singapore, has issued a statement indicating Wirecard AG (WDI:DE) customer funds have been parked in Singapore banks thus segregating the funds from the Wirecard implosion. Wirecard is not currently licensed by MAS as there is… Read More

Wirecard Officially Terminates Employment Contract of Former CEO Markus Braun

Wirecard AG (WDI:DE) has posted a notice today that it has officially terminated the employment contract of Dr. Markus Braun who resigned earlier this month following the revelation of £1.9 billion in missing funds. Braun has since been arrested on fraud charges. Currently, he is… Read More

Rapid Rise: UK FCA Reports a 1.1 Million INCREASE in Cryptoasset Purchases in One Year

The UK is experiencing growing interest in cryptoassets, according to the UK Financial Conduct Authority (FCA). The research by the FCA states that 2.6 million UK consumers have purchased digital assets showing a dramatic 1.1 million increase since research completed by the FCA last year…. Read More

LendingClub’s LCX Marketplace Now Allows Bidding on Loans Before Issuance

LendingClub Corporation (NYSE: LC), the largest marketplace lender in the US, is expanding its LCX platform to provide biding and pricing on loans prior to issuance. This marketplace is said to operate down to the individual loan level thus providing exceptional granularity, according to a… Read More

Who Benefits from Wirecard’s Collapse? Short Sellers and Hedgies that Bet Against the Firm

Investors who bet against Wirecard AG (WDI:DE) are poised to collect on their bets. Wirecard filed for bankruptcy last week following the announcement the Fintech had misplaced €1.9 billion. The aftershocks of the announcement saw the CEO resign and then arrested. The former COO is on… Read More

Greater London Investment Fund Approved for CBILS

The Greater London Investment Fund (GLIF) has become an accredited lender under the British Business Bank Coronavirus Business Interruption Loan Scheme (CBILS). This approval means that GLIF funds managed by The FSE Group will repurpose £4.3 million in funding to provide “Coronavirus Resilience Loans” (CRLs)…. Read More

HM Treasury: Future Fund Extended to Certain Firms that Participated in Non UK Accelerator Programs, Funding Allowed to Surpass Initial £250 Million Amount

The Chancellor of the Exchequer has adjusted the Future Fund to enable businesses that contribute significantly to the UK economy but do not have their parent company based in the UK because they participated in a non-UK based accelerator program to qualify for the Fund…. Read More

Regtech ClauseMatch Plans US Expansion, Signs Up 2 North American Clients

Regtech ClauseMatch is crossing the Atlantic and setting up operations in the US, according to a note from the company. ClauseMatch is a compliance platform that seeks to streamline legal, finance, operations, and risk departments. ClauseMatch reports that it has opened a new office in… Read More

UK FCA Halts Wirecard’s Regulated Activities, Fintechs Scramble to Adapt, German MPs Call for an Inquiry into Wirecard’s Collapse

  On June 26, the UK Financial Conduct Authority (FCA) imposed several “requirements” on Wirecard‘s (WDI:DE) activities in the UK. The move was in response to Wirecard’s missing €1.9 billion in funds along with allegations of fraud and other nefarious activities. After an audit uncovered… Read More

Blockchain: UK Investment Firm London Chelsea Limited to Offer London Digital Bonds Backed by Real Estate

  London Chelsea Limited says it has partnered with SolidBlock to offer a digital asset fund that invests in real estate. According to a release, London Chelsea Limited will sell a “London Digital Bond” described as a digital security backed by property. London Chelsea is… Read More

LendInvest Founder Christian Faes Discusses Digital Finance Forum, COVID Impact on Fintech

LendInvest is one of the most successful Fintechs in the UK. The digital marketplace for property finance has long been profitable – not a common characteristic in the early-stage sector including Fintech. It has been rumoured for some time now that LendInvest is a likely… Read More

FinecoBank Adds New Investment Options with Funds from Aberdeen Standard Investments

FinecoBank (BI:FBK), an online trading and banking platform,  has added a suite of funds from Aberdeen Standard Investments (ASI). The company states that with the new funds from ASI, Fineco clients in the UK now have access to a new set of funds. ASI is… Read More

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